MESC trims net loss by 92.8% to SAR 1.2 mln in H1 2020

24/08/2020 Argaam Exclusive

Middle East Specialized Cables Co. (MESC) narrowed net loss after Zakat and tax by 92.8% year-on-year (YoY) to SAR 1.2 million for the first half of 2020, driven by higher sales volumes, improved profit margins and lower expenses.



Financials (M)

Item 6m 2019 6m 2020 Change‬
Revenues 233.88 255.33 9.2 %
Gross Income 23.29 35.43 52.1 %
Operating Income (8.74) 5.96 168.2 %
Net Income (16.58) (1.18) 92.9 %
Average Shares 40.00 40.00 -
EPS (Riyals) (0.41) (0.03) 92.9 %

The company trimmed net loss after Zakat and tax by 75% YoY to SAR 1.5 million for the second quarter, due to higher profit margins, and lower expenses.

 

On a quarter-on-quarter basis, the company turned to loss in Q2 2020, versus net profit of SAR 0.3 million in year-earlier period, on lower sales volumes.



Current Quarter Comparison (M)

Compared With The
Item Q2 2019 Q2 2020 Change‬
Revenues 119.17 115.09 (3.4 %)
Gross Income 12.81 15.03 17.3 %
Operating Income (2.26) 1.83 180.9 %
Net Income (6.00) (1.46) 75.7 %
Average Shares 40.00 40.00 -
EPS (Riyals) (0.15) (0.04) 75.7 %

View other reports

Share Price

Middle East Specialized Cables Co.
37.20
(0.40) (1.06 %)

Middle East Specialized Cables Co. (MESC)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,488.00
Enterprise Value (EV) (M) 1,500.94
Shares Outstanding ((M)) 40.00
EPS ( Riyal) (TTM) 1.98
Book Value (BV) ( Riyal) 11.16
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.16
P/E (TTM) 18.80
Price/book 3.33
Return on Average Assets (%) (TTM) 9.9
Return on Average Equity (%) (TTM) 19.5
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request