Nama Chemicals reports 97% profit decline for FY2019

25/03/2020 Argaam Exclusive

Nama Chemicals Co. reported a net profit after Zakat and tax of SAR 1.1 million for the fiscal year 2019, a 96.67% decline year-on-year (YoY), compared to SAR 35.2 million a year earlier.

 

The decline is mainly attributed to lower average selling prices of the company’s final products, lower sales quantities despite decrease in cost of raw materials, and higher selling and marketing expenses.



Financials (M)

Item 2018 2019 Change‬
Revenues 624.34 525.94 (15.8 %)
Gross Income 127.57 73.94 (42.0 %)
Operating Income 58.80 22.22 (62.2 %)
Net Income 35.28 10.09 (71.4 %)
Average Shares 23.52 23.52 -
EPS (Riyals) 1.50 0.43 (71.4 %)

The company reported a net profit after Zakat of SAR 10.8 million for Q4 2019 from a net loss of SAR 17.08 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 142.67 124.00 (13.1 %)
Gross Income 8.25 16.21 96.4 %
Operating Income (11.02) 16.21 247.2 %
Net Income (17.08) 19.73 215.5 %
Average Shares 23.52 23.52 -
EPS (Riyals) (0.73) 0.84 215.5 %

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Share Price

Nama Chemicals Co.
25.95
(0.15) (0.57 %)

Nama Chemicals Co. (NAMA CHEMICALS)

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Financial Ratios
Current
Market Cap (M Riyal) 610.34
Enterprise Value (EV) (M) 1,141.72
Shares Outstanding ((M)) 23.52
EPS ( Riyal) (TTM) (3.69)
Book Value (BV) ( Riyal) 8.52
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.05
Return on Average Assets (%) (TTM) (8.38 )
Return on Average Equity (%) (TTM) (35.32 )
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