Saudi Industrial Development Co. (SIDC) widened net losses after Zakat and tax by 30% year-on-year (YoY) to SAR 39.2 million for the fiscal year 2019. The company was hit by operating losses and higher operating expenses.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 190.14 | 191.40 | 0.7 % |
| Gross Income | 28.73 | 33.19 | 15.5 % |
| Operating Income | (29.31) | (25.28) | 13.7 % |
| Net Income | (30.08) | (39.20) | (30.3 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.75) | (0.98) | (30.3 %) |
In Q4 2019, SIDC widened net losses after Zakat and tax to SAR 36 million, compared to net losses of SAR 20 million a year earlier.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 45.59 | 41.47 | (9.1 %) |
| Gross Income | 3.43 | 6.05 | 76.6 % |
| Operating Income | (17.32) | (16.76) | 3.2 % |
| Net Income | (20.23) | (36.23) | (79.1 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.51) | (0.91) | (79.1 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 45.95 | 41.47 | (9.8 %) |
| Gross Income | 8.83 | 6.05 | (31.5 %) |
| Operating Income | (2.27) | (16.76) | (638.2 %) |
| Net Income | (4.31) | (36.23) | (741.3 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.11) | (0.91) | (741.3 %) |
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