SASCO reports SAR 121.8 mln net profit in FY 2019

31/03/2020 Argaam Exclusive

Saudi Automotive Services Co. (SASCO) posted a threefold increase year-on-year (YoY) in net profit after Zakat and tax to SAR 121.8 million in the fiscal year 2019, compared to SAR 35.5 million a year earlier.

 

The company attributed the increase to higher sales by 20.76%, in addition to the growth in profit margin for fuel, which in turn, affected the rise in the gross and operating profits.

 

SASCO also cited higher investment revenues and other income.

 

This was partially offset by higher selling and general expenses due to the increase in recruitment costs; rise in financing costs resulting from the implementation of IFRS 16; and higher Zakat expenses.



Financials (M)

Item 2018 2019 Change‬
Revenues 2,056.08 2,482.84 20.8 %
Gross Income 81.98 158.60 93.5 %
Operating Income 37.68 103.99 175.9 %
Net Income 35.45 120.65 240.3 %
Average Shares 70.00 70.00 -
EPS (Riyals) 0.51 1.72 240.3 %

In Q4 2019, the company’s net profit after Zakat and tax jumped to SAR 94.9 million compared to SAR 10.2 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 549.26 681.75 24.1 %
Gross Income 27.73 93.94 238.8 %
Net Income 0.03 20.95 72148.3 %
Average Shares 70.00 70.00 -
EPS (Riyals) 0.00 0.30 72148.3 %

View other reports

Share Price

Saudi Automotive Services Co.
77.50
(0.20) (0.26 %)

Saudi Automotive Services Co. (SASCO)

More


Financial Ratios
Current
Market Cap (M Riyal) 5,425.00
Enterprise Value (EV) (M) 6,968.45
Shares Outstanding ((M)) 70.00
EPS ( Riyal) (TTM) 1.42
Book Value (BV) ( Riyal) 12.03
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 6.44
Return on Average Assets (%) (TTM) 1.6
Return on Average Equity (%) (TTM) 11.6
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