Nama Chemicals Co.’s net loss after Zakat and tax widened by 113.3% year-on-year (YoY) to SAR 20.6 million for the first nine months of 2020, driven by lower sales volumes and decreased investment revenue.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 401.94 | 324.52 | (19.3 %) |
| Gross Income | 57.73 | 24.12 | (58.2 %) |
| Operating Income | 6.01 | (17.47) | (390.8 %) |
| Net Income | (9.64) | (20.57) | (113.3 %) |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (0.41) | (0.87) | (113.3 %) |
The third-quarter net loss after Zakat and tax widened by nearly 54.9% YoY to SAR 9.9 million, due to lower selling prices, decreased sales volumes and a decline in investment revenue.
On a sequential basis, Q3 2020 net loss widened by 196.8%.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 119.48 | 99.95 | (16.3 %) |
| Gross Income | 12.49 | 3.06 | (75.5 %) |
| Operating Income | (2.84) | (11.80) | (315.5 %) |
| Net Income | (6.39) | (9.91) | (54.9 %) |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (0.27) | (0.42) | (54.9 %) |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 104.54 | 99.95 | (4.4 %) |
| Gross Income | 11.49 | 3.06 | (73.4 %) |
| Operating Income | 0.89 | (11.80) | (1425.3 %) |
| Net Income | (3.34) | (9.91) | (196.8 %) |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (0.14) | (0.42) | (196.8 %) |
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