SISCO posts 9% profit rise in FY19

27/02/2020 Argaam Exclusive

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Sustained Infrastructure Holding Co. (SISCO HOLDING)

Saudi Industrial Services Co. (SISCO) posted a rise of 8.99% year-on-year (YoY) in net profit after Zakat and tax to SAR 51 million for the fiscal year 2019, driven by continued performance improvement and higher profitability from the ports segment.



Financials (M)

Item 2018 2019 Change‬
Revenues 564.71 675.88 19.7 %
Gross Income 222.07 260.31 17.2 %
Operating Income 88.08 93.41 6.1 %
Net Income 46.75 50.92 8.9 %
Average Shares 81.60 81.60 -
EPS (Riyals) 0.57 0.62 8.9 %

In Q4 2019, net profit plunged 74% YoY to SAR 5.9 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 148.38 156.52 5.5 %
Gross Income 74.99 39.92 (46.8 %)
Operating Income 41.90 1.87 (95.5 %)
Net Income 23.04 5.94 (74.2 %)
Average Shares 81.60 81.60 -
EPS (Riyals) 0.28 0.07 (74.2 %)

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