Nama turns to net losses of SAR 45.2 mln in 2020

29/03/2021 Argaam Exclusive

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Nama Chemicals Co. swung to a net loss after Zakat and tax of SAR 45.2 million for 2020, against a net profit of SAR 10.1 million a year earlier.

 

The company cited the economic recession resulting from the COVID-19 pandemic and the related precautionary measures taken locally and globally, which negatively affected the company's activities during the year.

 

Nama reported a decrease in average selling prices of end products, sales volumes and investment income.

 

The full-year results were also hit by higher general and administrative expenses in 2020

 



Financials (M)

Item 2019 2020 Change‬
Revenues 525.94 439.24 (16.5 %)
Gross Income 73.94 21.17 (71.4 %)
Operating Income 22.22 (38.48) (273.2 %)
Net Income 10.09 (45.25) (548.5 %)
Average Shares 23.52 23.52 -
Earnings Per Share before unusual items (Riyals) 0.43 (1.92) (548.5 %)
EPS (Riyals) 0.43 (1.92) (548.5 %)

In Q4 2020, the company turned to net losses to SAR 42 million, from a net profit of SAR 19.73 million in year-earlier period.

 

Shareholders’ equity, excluding minority interest, decreased by 9.1% to SAR 286.619 million in 2020, from SAR 315.331 million a year earlier.

 

The company’s accumulated losses stood at SAR 46.968 million, representing 19.97% of capital in 2020.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 124.00 114.73 (7.5 %)
Gross Income 16.21 (2.95) (118.2 %)
Operating Income 16.21 (21.01) (229.6 %)
Net Income 19.73 (24.68) (225.1 %)
Average Shares 23.52 23.52 -
Earnings Per Share before unusual items (Riyals) 0.84 (1.05) (225.1 %)
EPS (Riyals) 0.84 (1.05) (225.1 %)

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Share Price

Nama Chemicals Co.
27.75
(0.15) (0.54 %)

Nama Chemicals Co. (NAMA CHEMICALS)

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Financial Ratios
Current
Market Cap (M Riyal) 652.68
Enterprise Value (EV) (M) 1,195.59
Shares Outstanding ((M)) 23.52
EPS ( Riyal) (TTM) 0.50
Book Value (BV) ( Riyal) 10.38
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) 55.69
Price/book 2.67
Return on Average Assets (%) (TTM) 1.1
Return on Average Equity (%) (TTM) 1.9
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