United Wire Factories Co. (Aslak) reported a net profit after Zakat and tax of SAR 22.1 million for the fiscal year 2019, an increase of more than three-fold year-on-year (YoY), the company said in a bourse statement.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 534.97 | 724.41 | 35.4 % |
| Gross Income | 46.15 | 61.65 | 33.6 % |
| Operating Income | 14.80 | 30.23 | 104.3 % |
| Net Income | 7.11 | 22.12 | 211.2 % |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | 0.25 | 0.79 | 211.2 % |
The earnings hike was mainly attributed to higher sales volumes, lower selling and distribution expenses and decreased general and administrative expenses (G&As).
Aslak reported net profit of SAR 4.87 million in Q4 2019, versus net losses of SAR 8.44 million in year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 137.73 | 219.22 | 59.2 % |
| Gross Income | 2.40 | 18.94 | 689.1 % |
| Operating Income | (7.02) | 10.16 | 244.7 % |
| Net Income | (8.43) | 4.89 | 158.0 % |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | (0.30) | 0.17 | 158.0 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 168.29 | 219.22 | 30.3 % |
| Gross Income | 8.42 | 18.94 | 125.1 % |
| Operating Income | 1.39 | 10.16 | 629.6 % |
| Net Income | 1.10 | 4.89 | 344.1 % |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | 0.04 | 0.17 | 344.1 % |
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