Wafrah for Industry & Development Co. (Wafrah) narrowed its net losses after Zakat and tax by 7.3% year-on-year (YoY) to SAR 24.6 million for fiscal year 2019 as compared to SAR 26.5 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 80.13 | 82.82 | 3.4 % |
| Gross Income | 13.18 | 16.76 | 27.2 % |
| Operating Income | (13.53) | (10.48) | 22.5 % |
| Net Income | (26.50) | (25.37) | 4.3 % |
| Average Shares | 19.70 | 19.70 | - |
| EPS (Riyals) | (1.35) | (1.29) | 4.3 % |
The decrease can be attributed to increase in sales by 3.35% and an increase in other revenue items, the company said in a bourse statement.
In addition, this year’s losses included a provision for a decrease in investments in sister companies by SAR 4.35 million and in real estate by SAR 1.01 million, as well as a loan guarantee for another subsidiary of SAR 8.06 million.
The company also widened Q4 2019 net losses to SAR 23.6 million, from SAR 17.81 million a year earlier.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 18.60 | 11.27 | (39.4 %) |
| Gross Income | (0.39) | (2.56) | (552.8 %) |
| Operating Income | (5.56) | (10.09) | (81.6 %) |
| Net Income | (17.81) | (24.39) | (36.9 %) |
| Average Shares | 19.70 | 19.70 | - |
| EPS (Riyals) | (0.90) | (1.24) | (36.9 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 21.27 | 11.27 | (47.0 %) |
| Gross Income | 4.46 | (2.56) | (157.4 %) |
| Operating Income | (1.79) | (10.09) | (464.3 %) |
| Net Income | (1.81) | (24.39) | (1,251.1 %) |
| Average Shares | 19.70 | 19.70 | - |
| EPS (Riyals) | (0.09) | (1.24) | (1,251.1 %) |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}