Al Yamamah Steel Industries Co. widened losses by 85.23% year-on-year (YoY) to SAR 39.88 million for the 12 months ending Sept. 30, 2019, driven by the slowdown of the market projects, fierce competition and lower prices.
The company also cited higher financing costs, despite a 9.07% increase in revenue.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 879.53 | 959.28 | 9.1 % |
| Gross Income | 55.82 | 33.38 | (40.2 %) |
| Operating Income | (5.26) | (27.39) | (420.6 %) |
| Net Income | (21.53) | (39.88) | (85.3 %) |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | (0.42) | (0.78) | (85.3 %) |
The Saudi-based steel producer reported SAR 18.7 million in losses in Q4 ending Sept. 30, 2019.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 185.18 | 266.47 | 43.9 % |
| Gross Income | (5.15) | 7.52 | 246.0 % |
| Operating Income | (22.30) | (9.67) | 56.6 % |
| Net Income | (26.94) | (18.67) | 30.7 % |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | (0.53) | (0.37) | 30.7 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 209.84 | 266.47 | 27.0 % |
| Gross Income | 20.01 | 7.52 | (62.4 %) |
| Operating Income | 5.49 | (9.67) | (276.1 %) |
| Net Income | (2.00) | (18.67) | (834.2 %) |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | (0.04) | (0.37) | (834.2 %) |
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