GASCO net profit rises 22% to SAR 109.8 mln in FY19

31/03/2020 Argaam Exclusive

National Gas and Industrialization Co. (GASCO) reported a net profit after Zakat and tax of SAR 109.8 million for fiscal year 2019, up 22% year-on-year (YoY), from SAR 89.9 million a year earlier.

 

The rise is net profit is due to an increase of SAR 65.8 million in investment income despite a SAR 14.5 million jump in consultancy costs, a SAR 20 million increase in provision for Zakat claims, as well as a SAR 6.4 million provision for doubtful debts.



Financials (M)

Item 2018 2019 Change‬
Revenues 1,901.94 1,922.56 1.1 %
Gross Income 234.30 242.92 3.7 %
Operating Income 84.65 27.37 (67.7 %)
Net Income 89.89 109.44 21.7 %
Average Shares 75.00 75.00 -
EPS (Riyals) 1.20 1.46 21.7 %

In Q4 2019, the company’s net loss after Zakat and tax widened to SAR 42 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 486.30 502.13 3.3 %
Gross Income 47.00 37.21 (20.8 %)
Operating Income (11.72) (51.23) (337.0 %)
Net Income (13.42) (22.32) (66.3 %)
Average Shares 75.00 75.00 -
EPS (Riyals) (0.18) (0.30) (66.3 %)

View other reports

Share Price

National Gas and Industrialization Co.
105.60
0.60 0.57 %

National Gas and Industrialization Co. (GASCO)

More


Financial Ratios
Current
Market Cap (M Riyal) 7,920.00
Enterprise Value (EV) (M) 7,754.02
Shares Outstanding ((M)) 75.00
EPS ( Riyal) (TTM) 3.08
Book Value (BV) ( Riyal) 26.01
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 34.25
P/E (TTM) 34.25
Price/book 4.06
Return on Average Assets (%) (TTM) 9.1
Return on Average Equity (%) (TTM) 12.2
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request