United Wire Factories Co. (Aslak) reported a net profit after Zakat and tax of SAR 15.1 million for Q1 2020, an increase of 50% year-on-year (YoY), driven by higher sales volumes and profit margins.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 192.79 | 220.39 | 14.3 % |
| Gross Income | 21.13 | 33.54 | 58.7 % |
| Operating Income | 13.28 | 23.29 | 75.4 % |
| Net Income | 10.12 | 15.05 | 48.7 % |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | 0.36 | 0.54 | 48.7 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 219.22 | 220.39 | 0.5 % |
| Gross Income | 18.94 | 33.54 | 77.1 % |
| Operating Income | 10.16 | 23.29 | 129.1 % |
| Net Income | 4.89 | 15.05 | 207.9 % |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | 0.17 | 0.54 | 207.9 % |
When compared to Q4 2019, net profit after Zakat and tax surged 208% from SAR 4.9 million, thanks to higher profit margins.
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