Al Ahsa turns to SAR 1.3 mln loss in FY2019

09/03/2020 Argaam Exclusive

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Al Ahsa Development Co. reported a net loss of SAR 1.3 million for the fiscal year 2019 as compared to a net profit of SAR 7.22 million for FY2018.



Financials (M)

Item 2018 2019 Change‬
Revenues 225.65 245.51 8.8 %
Gross Income 52.73 69.38 31.6 %
Operating Income (5.88) (6.30) (7.2 %)
Net Income 7.22 (1.28) (117.8 %)
Average Shares 53.69 53.69 -
Earnings Per Share before unusual items (Riyals) 0.13 (0.02) (117.8 %)
EPS (Riyals) 0.13 (0.02) (117.8 %)

These losses were driven by an increase in general and administrative expenses (G&As) and losses from associated companies, the company said in a bourse statement.

 

Revenues of the Saudi-based firm grew 8.79% YoY to SAR 245.5 million in FY 2019.

 

The company incurred SAR 7 million losses in Q4 2019, compared to a profit of SAR 8.51 million in the same period in 2018.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 61.42 69.00 12.3 %
Gross Income 13.99 24.10 72.3 %
Operating Income (2.18) (6.56) (201.4 %)
Net Income 8.51 (6.88) (180.9 %)
Average Shares 53.69 53.69 -
Earnings Per Share before unusual items (Riyals) 0.16 (0.13) (180.9 %)
EPS (Riyals) 0.16 (0.13) (180.9 %)

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Share Price

AYYAN Investment Co.
15.22
(0.02) (0.13 %)

AYYAN Investment Co. (AYYAN)

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Financial Ratios
Current
Market Cap (M Riyal) 1,531.74
Enterprise Value (EV) (M) 1,514.74
Shares Outstanding ((M)) 100.64
EPS ( Riyal) (TTM) (1.63)
Book Value (BV) ( Riyal) 6.03
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.52
Return on Average Assets (%) (TTM) (9.68 )
Return on Average Equity (%) (TTM) (29.71 )
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