Al-Samaani Factory for Metal Industries Co. posted a net loss after Zakat and tax of SAR 1.9 million for the fiscal year 2019, against a net profit of SAR 459,000 a year earlier.
The losses were attributed to lower selling prices amid fierce competition. Moreover, selling, general and administrative expenses also increased despite a decline in loan and Zakat provisions, finance costs as well as other income.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 39.53 | 42.04 | 6.3 % |
| Gross Income | 10.78 | 9.81 | (9.0 %) |
| Operating Income | 1.28 | (1.67) | (230.5 %) |
| Net Income | 0.46 | (1.90) | (513.9 %) |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | 0.00 | (0.01) | (513.9 %) |
In Q4 2019, the company also trimmed net losses to SAR 1.5 million, from SAR 2.8 million in year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 7.65 | 11.19 | 46.2 % |
| Gross Income | 0.41 | 2.28 | 453.0 % |
| Operating Income | (2.19) | (1.33) | 39.3 % |
| Net Income | (2.75) | (1.54) | 44.2 % |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | (0.02) | (0.01) | 44.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 12.05 | 11.19 | (7.2 %) |
| Gross Income | 3.13 | 2.28 | (26.9 %) |
| Operating Income | 0.37 | (1.33) | (455.1 %) |
| Net Income | 0.26 | (1.54) | (702.4 %) |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | 0.00 | (0.01) | (702.4 %) |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}