Al-Baha Investment and Development Co. narrowed net losses after Zakat and tax by 50.69% year-on-year (YoY) to SAR 5 million for FY ending Dec. 31, 2019.
Trimming losses was driven by Zakat settlements for the period 2000-2010, which were recorded in financial statements for FY2018, despite offloading some equipment and machinery at a total value of SAR 8.049 million.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 9.68 | 10.44 | 7.8 % |
| Gross Income | 4.80 | 5.68 | 18.4 % |
| Operating Income | 2.23 | 2.22 | (0.4 %) |
| Net Income | (11.33) | (5.33) | 53.0 % |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | (0.38) | (0.18) | 53.0 % |
Al-Baha reported SAR 4.6 million losses in Q4 2019, versus net profit of SAR 1.08 million in year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 1.50 | 2.74 | 82.4 % |
| Gross Income | 0.80 | 1.22 | 52.6 % |
| Operating Income | 0.24 | 0.21 | (10.8 %) |
| Net Income | (0.02) | (4.86) | (26,877.8 %) |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | 0.00 | (0.16) | (26,877.8 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 2.84 | 2.74 | (3.6 %) |
| Gross Income | 1.73 | 1.22 | (29.1 %) |
| Operating Income | 0.85 | 0.21 | (74.7 %) |
| Net Income | 0.13 | (4.86) | (3954.0 %) |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | 0.00 | (0.16) | (3954.0 %) |
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