Al Gassim Investment Holding Co. (GACO) widened net losses after Zakat and tax to SAR 14.6 million for the fiscal year 2019, from SAR 7.7 million a year earlier, due to higher asset impairment losses.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 12.16 | 12.00 | (1.3 %) |
| Gross Income | 10.42 | 10.29 | (1.3 %) |
| Operating Income | (6.15) | (29.68) | (383.0 %) |
| Net Income | (7.71) | (14.65) | (90.0 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | (0.26) | (0.49) | (90.0 %) |
In Q4 2019, the company also widened net losses after Zakat and tax to SAR 30.2 million from SAR 10.2 million in year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 2.97 | 2.92 | (1.6 %) |
| Gross Income | 2.54 | 2.54 | (0.1 %) |
| Operating Income | (10.79) | (42.04) | (289.7 %) |
| Net Income | (10.23) | (30.18) | (195.0 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | (0.34) | (1.01) | (195.0 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 3.22 | 2.92 | (9.3 %) |
| Gross Income | 2.77 | 2.54 | (8.3 %) |
| Operating Income | 1.39 | (42.04) | (3118.1 %) |
| Net Income | 4.71 | (30.18) | (740.3 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.16 | (1.01) | (740.3 %) |
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