Al Sorayai Trading And Industrial Group Co. (AlSorayai Group) widened net loss after Zakat and tax by more than two-fold year-on-year (YoY) to SAR 116.2 million for FY2019, driven by lower gross sales revenue, higher cost of production and lower capacity utilization.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 401.05 | 232.35 | (42.1 %) |
| Gross Income | 47.85 | (14.85) | (131.0 %) |
| Operating Income | (21.33) | (73.18) | (243.0 %) |
| Net Income | (55.43) | (116.21) | (109.6 %) |
| Average Shares | 5.93 | 5.93 | - |
| EPS (Riyals) | (9.35) | (19.61) | (109.6 %) |
Al Sorayai narrowed Q4 2019 net losses by 15.8% year-on-year (YoY) to SAR 34.6 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 96.27 | 49.96 | (48.1 %) |
| Gross Income | (18.86) | (8.08) | 57.2 % |
| Operating Income | (34.89) | (18.38) | 47.3 % |
| Net Income | (41.06) | (34.56) | 15.8 % |
| Average Shares | 5.93 | 5.93 | - |
| EPS (Riyals) | (6.93) | (5.83) | 15.8 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 64.65 | 49.96 | (22.7 %) |
| Gross Income | 1.85 | (8.08) | (536.5 %) |
| Operating Income | (13.63) | (18.38) | (34.9 %) |
| Net Income | 3.07 | (34.56) | (1226.4 %) |
| Average Shares | 5.93 | 5.93 | - |
| EPS (Riyals) | 0.52 | (5.83) | (1226.4 %) |
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