Zahrat Al Waha’s net profit climbs 63% in FY19

27/02/2020 Argaam Exclusive

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Zahrat Al Waha for Trading Co. reported a net profit after Zakat and tax of SAR 56.6 million for the fiscal year 2019, a rise of 63.4% year-on-year (YoY), thanks to higher sales and lower financing costs.



Financials (M)

Item 2018 2019 Change‬
Revenues 488.51 519.76 6.4 %
Gross Income 65.04 88.46 36.0 %
Operating Income 51.69 72.55 40.4 %
Net Income 34.66 56.64 63.4 %
Average Shares 22.50 22.50 -
EPS (Riyals) 1.54 2.52 63.4 %

Net profit after Zakat and tax for Q4 2019 surged 71.6% YoY to SAR 22.4 million



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 108.51 109.45 0.9 %
Gross Income 20.45 30.15 47.4 %
Operating Income 17.93 26.41 47.3 %
Net Income 13.05 22.39 71.6 %
Average Shares 22.50 22.50 -
EPS (Riyals) 0.58 1.00 71.6 %

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