Saudi Marketing Co.’s (Farm Superstores) net profit after Zakat and tax almost tripled year-on-year (YoY) to SAR 10.26 million during the fiscal year 2019, the company said in a bourse statement.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 1,563.91 | 1,580.93 | 1.1 % |
| Gross Income | 442.96 | 474.34 | 7.1 % |
| Operating Income | 7.22 | 65.50 | 807.2 % |
| Net Income | 3.78 | 10.26 | 171.3 % |
| Average Shares | 45.00 | 45.00 | - |
| EPS (Riyals) | 0.08 | 0.23 | 171.3 % |
The increase in net profit was attributed to higher sales, lower selling and distribution expenses, as well as lower general and administrative expenses and amortization.
The company reported a net profit of SAR 4.55 million for Q4 2019 from a net loss of SAR 2.17 million a year earlier.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 405.90 | 407.75 | 0.5 % |
| Gross Income | 124.47 | 123.37 | (0.9 %) |
| Operating Income | 10.15 | 24.93 | 145.7 % |
| Net Income | (2.17) | 4.55 | 309.9 % |
| Average Shares | 45.00 | 45.00 | - |
| EPS (Riyals) | (0.05) | 0.10 | 309.9 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 381.24 | 407.75 | 7.0 % |
| Gross Income | 118.84 | 123.37 | 3.8 % |
| Operating Income | 17.34 | 24.93 | 43.7 % |
| Net Income | 4.54 | 4.55 | 0.1 % |
| Average Shares | 45.00 | 45.00 | - |
| EPS (Riyals) | 0.10 | 0.10 | 0.1 % |
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