Al-Khodari widens FY2018 net loss to SAR 1.59 bln

12/01/2021 Argaam Exclusive

Abdullah A. M. Al-Khodari Sons Co. widened its net loss after Zakat and tax to SAR 1.59 billion in the fiscal year 2018, compared to SAR 56.4 million a year ago.



Financials (M)

Item 2017 2018 Change‬
Revenues 519.47 164.69 (68.3 %)
Gross Income (7.24) (1363.35) (18,728.2 %)
Operating Income (45.66) (1394.40) (2,953.8 %)
Net Income (56.41) (1593.05) (2,723.9 %)
Average Shares 55.78 55.78 -
EPS (Riyals) (1.01) (28.56) (2,723.9 %)

The company attributed the increase in loss to 68.3% decline in revenue, mainly due to no contribution from the construction sector during the year.

 

The firm also cited higher gross loss, lower other income by 32%, increased finance charges by 20.7%, and additional impairment loss for trade receivables of SAR 135.3 million, for the rise in loss.

 

This was partially offset by lower selling and marketing costs by 32.7%, general and administrative expenses by 17.4%, and Zakat expenses by 77.8%.

 

Accumulated losses came in at SAR 1.8 billion, or 328.58% of the company’s total capital, in FY2018.



Current Quarter Comparison (M)

Compared With The
Item Q4 2017 Q4 2018 Change‬
Revenues 86.29 - -
Gross Income 20.92 (1326.81) (6441.4 %)
Operating Income 11.49 (1335.50) (11728.2 %)
Net Income (19.22) (1569.00) (8,062.5 %)
Average Shares 55.78 55.78 -
EPS (Riyals) (0.34) (28.13) (8,062.5 %)

The company’s Q4 2018 net loss after Zakat and tax widened to SAR 1.56 billion compared to SAR 19.2 million in Q4 2017.

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Share Price

Abdullah A. M. Al-Khodari Sons Company
5.39
(0.36) (6.26 %)


Financial Ratios
Current
Market Cap (M Riyal) 300.65
Enterprise Value (EV) (M) 1,269.09
Shares Outstanding ((M)) 55.78
EPS ( Riyal) (TTM) (28.91)
Book Value (BV) ( Riyal) (21.33)
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 0.00
P/E (TTM) 0.00
Price/book (0.25)
Return on Average Assets (%) (TTM) (92.33 )
Return on Average Equity (%) (TTM) -
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