Thob Al Aseel Co. reported a net profit after Zakat and tax of SAR 80.37 million for the fiscal year ended Dec. 31, 2019, a 41.9% year-on-year (YoY) increase, as compared to SAR 56.61 million in FY2018.
The increase in net profit was attributed to higher sales, the company said in a bourse statement.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 377.37 | 477.21 | 26.5 % |
| Gross Income | 143.35 | 180.71 | 26.1 % |
| Operating Income | 72.97 | 94.92 | 30.1 % |
| Net Income | 56.61 | 80.37 | 42.0 % |
| Average Shares | 400.00 | 400.00 | - |
| EPS (Riyals) | 0.14 | 0.20 | 42.0 % |
The company also reported a net profit of SAR 10.62 million for Q4 2019, which more than quadrupled compared to the same quarter a year earlier.
On a sequential basis, net profit doubled on higher sales due to the seasonality of the company’s activities.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 76.10 | 106.25 | 39.6 % |
| Gross Income | 27.37 | 39.98 | 46.0 % |
| Operating Income | 10.24 | 14.51 | 41.7 % |
| Net Income | 2.30 | 10.62 | 362.7 % |
| Average Shares | 400.00 | 400.00 | - |
| EPS (Riyals) | 0.01 | 0.03 | 362.7 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 79.65 | 106.25 | 33.4 % |
| Gross Income | 29.16 | 39.98 | 37.1 % |
| Operating Income | 9.29 | 14.51 | 56.2 % |
| Net Income | 5.21 | 10.62 | 103.8 % |
| Average Shares | 400.00 | 400.00 | - |
| EPS (Riyals) | 0.01 | 0.03 | 103.8 % |
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