SRMG net profit down 15% to SAR 140 mln in H1 2020

20/08/2020 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.
3

Saudi Research and Marketing Group (SRMG) reported a net profit after Zakat of SAR 140 million for the first half of 2020, a 15% year-on-year (YoY) decline from SAR 165.5 million in the same period last year.



Financials (M)

Item 6m 2019 6m 2020 Change‬
Revenues 1,086.47 1,051.75 (3.2 %)
Gross Income 374.38 354.71 (5.3 %)
Operating Income 180.32 167.57 (7.1 %)
Net Income 165.50 139.98 (15.4 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 2.07 1.75 (15.4 %)
EPS (Riyals) 2.07 1.75 (15.4 %)

The decline in net profit was attributed to lower revenue, higher Zakat expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2019 Q2 2020 Change‬
Revenues 554.84 556.50 0.3 %
Gross Income 185.70 201.87 8.7 %
Operating Income 87.70 106.18 21.1 %
Net Income 85.62 75.25 (12.1 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 1.07 0.94 (12.1 %)
EPS (Riyals) 1.07 0.94 (12.1 %)

The group reported a net profit of SAR 75.3 million for Q2 2020, a 12% YoY decline on higher Zakat expenses.

 

When compared to previous quarter, net profit rose 16.4% due to lower cost of sales and lower selling and distribution expenses.

View other reports

Share Price

Saudi Research and Media Group
166.80
0.20 0.12 %

Saudi Research and Media Group (SRMG)

More


Financial Ratios
Current
Market Cap (M Riyal) 13,344.00
Enterprise Value (EV) (M) 13,575.57
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 2.52
Book Value (BV) ( Riyal) 40.18
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 48.37
P/E (TTM) 66.16
Price/book 4.15
Return on Average Assets (%) (TTM) 3.6
Return on Average Equity (%) (TTM) 4.5
more

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

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 3

1
5
800

دروب السهر

منذ 8 شهر

اذا حبيتوا تجملون الشركه قلتوا حققت ارباحا قدرها حتى لو كان هبوط كبير في الارباح والعكس صحيح بعض الشركات تقولون انخفاض ارباح الشركه الفلانيه رغم ان الانخفاض طبيعي وقليل !!! 

 

 

2
1
239

حسون

منذ 8 شهر

المفروض الطرح يكون بعد هذا الاعلان  لاعطاء التقييم الحقيقي للشركة وللسهم .. انخفاض كبير بالارباح وهذا  سبب نزول السهم من اليوم الاول للطرح .

3
2
74

محمد سليمان النادر

منذ 8 شهر

انخفاض بالارباح شديد  بنسبة -76%

 نتائج مالية  سيئة 

هل ممكن نشوف السهم يتداول تحت  ال20 ريال

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 © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website