Aseer Trading, Tourism and Manufacturing Co. widened net loss after Zakat and tax to SAR 48.5 million for 2020, compared to SAR 22.8 million in year-earlier period.
These losses were driven by lower gross profit, decreased operating profit, and higher tax expenses.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 1,883.94 | 1,569.62 | (16.7 %) |
| Gross Income | 547.18 | 450.92 | (17.6 %) |
| Operating Income | 105.76 | 30.11 | (71.5 %) |
| Net Income | (22.75) | (48.55) | (113.4 %) |
| Average Shares | 126.39 | 126.39 | - |
| EPS (Riyals) | (0.18) | (0.38) | (113.4 %) |
Q4 2020 net loss after Zakat and tax stood at SAR 40 million, versus SAR 14.55 million in prior-year period.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 513.08 | 362.64 | (29.3 %) |
| Gross Income | 160.86 | 91.79 | (42.9 %) |
| Operating Income | 42.23 | (12.47) | (129.5 %) |
| Net Income | (14.51) | (15.74) | (8.5 %) |
| Average Shares | 126.39 | 126.39 | - |
| EPS (Riyals) | (0.11) | (0.12) | (8.5 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 411.24 | 362.64 | (11.8 %) |
| Gross Income | 122.14 | 91.79 | (24.8 %) |
| Operating Income | 21.93 | (12.47) | (156.9 %) |
| Net Income | (29.74) | (15.74) | 47.1 % |
| Average Shares | 126.39 | 126.39 | - |
| EPS (Riyals) | (0.24) | (0.12) | 47.1 % |
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