Almarai Company reported a net profit after zakat and tax of SAR 1.81 billion for the fiscal year of 2019, a 9.95% year-on-year (YoY) decrease, the company said in a bourse statement on Sunday.
The drop was attributed to higher selling and distribution expenses, as well as general and administrative expenses and financing costs, according to the statement.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 13,557.84 | 14,351.28 | 5.9 % |
| Gross Income | 5,327.07 | 5,366.67 | 0.7 % |
| Operating Income | 2,771.63 | 2,590.07 | (6.6 %) |
| Net Income | 2,011.98 | 1,811.75 | (10.0 %) |
| Average Shares | 1,000.00 | 1,000.00 | - |
| EPS (Riyals) | 2.01 | 1.81 | (10.0 %) |
The dairy producer’s net profit for Q4 2019 fell 15.9% YoY to SAR 311.9 million.
On a sequential basis, Q4 2019 net profit slid by 46.3% compared to the previous quarter due to one off charges booked in Q4 2019.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 3,381.18 | 3,703.94 | 9.5 % |
| Gross Income | 1,262.94 | 1,293.51 | 2.4 % |
| Operating Income | 629.06 | 533.32 | (15.2 %) |
| Net Income | 370.77 | 311.95 | (15.9 %) |
| Average Shares | 1,000.00 | 1,000.00 | - |
| EPS (Riyals) | 0.37 | 0.31 | (15.9 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 3,573.26 | 3,703.94 | 3.7 % |
| Gross Income | 1,443.77 | 1,293.51 | (10.4 %) |
| Operating Income | 770.15 | 533.32 | (30.8 %) |
| Net Income | 581.25 | 311.95 | (46.3 %) |
| Average Shares | 1,000.00 | 1,000.00 | - |
| EPS (Riyals) | 0.58 | 0.31 | (46.3 %) |
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