Saudi Cable Co. trimmed net losses after Zakat and tax by 1.78% year-on-year (YoY) to SAR 61.8 million for FY2019, driven by cutting costs and waiving off financing costs owed by a lender.
The company also cited a debt-restructuring agreement with two lenders and a Zakat claim settlement.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 865.02 | 381.27 | (55.9 %) |
| Gross Income | (95.87) | (35.18) | 63.3 % |
| Operating Income | (208.13) | (107.40) | 48.4 % |
| Net Income | (62.95) | (61.83) | 1.8 % |
| Average Shares | 4.18 | 4.18 | 0.0 % |
| EPS (Riyals) | (15.06) | (14.79) | 1.8 % |
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 158.96 | 106.61 | (32.9 %) |
| Gross Income | (70.73) | (12.45) | 82.4 % |
| Operating Income | (105.35) | (21.60) | 79.5 % |
| Net Income | 70.72 | 12.38 | (82.5 %) |
| Average Shares | 4.18 | 4.18 | 0.0 % |
| EPS (Riyals) | 16.92 | 2.96 | (82.5 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 81.63 | 106.61 | 30.6 % |
| Gross Income | (1.66) | (12.45) | (650.4 %) |
| Operating Income | (22.09) | (21.60) | 2.2 % |
| Net Income | (23.79) | 12.38 | 152.0 % |
| Average Shares | 4.18 | 4.18 | - |
| EPS (Riyals) | (5.69) | 2.96 | 152.0 % |
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