Gulf Steel Works (GSW), to be listed in the Saudi Nomu parallel market, recorded SAR 49.1 million in net profit, down 4 percent year-on-year (YoY) in the six-month period ending September 30, 2017, data compiled by Argaam showed.
|
Income Statement - H1 ended Sept. 2017 (SAR mln) |
|||
|
Period |
Sept. 2016 |
Sept. 2017 |
Variation |
|
Revenue |
412.0 |
370.3 |
(10%) |
|
Gross profit margin |
20.5 % |
22.9 % |
+2.4% |
|
Net Profit |
51.0 |
49.1 |
(4%) |
|
Net Profit margin % |
12.4% |
13.3% |
+0.9% |
Revenue for the period fell 10 percent YoY to SAR 370.3 million. Meanwhile, gross profit margins increased by 2.4 percent YoY to 22.9 in the same period, driven by lower costs as a percentage of revenue from ongoing projects. Net profit margins also rose from 12.4 percent in Sep. 2016 to 13.3 percent in Sep. 2017.
|
Balance Sheet (SAR mln) |
|||
|
Period |
Sept. 2016 |
Sept. 2017 |
Variation |
|
Cash & cash equivalent |
20.4 |
8.1 |
(60%) |
|
Current assets |
778.3 |
789.5 |
+1% |
|
Non-current assets |
222.8 |
245.5 |
+10% |
|
Total assets |
1,001.1 |
1,035.0 |
+3% |
|
Short-term loans |
320.5 |
328.1 |
+2% |
|
Current liabilities |
692.5 |
624.9 |
(10%) |
|
Long-term loans |
3.9 |
0.0 |
-- |
|
Non-current liabilities |
20.6 |
17.4 |
(16%) |
|
Total liabilities |
713.1 |
642.3 |
(10%) |
|
Capital |
50 |
200 |
+300% |
|
Shareholders’ equity |
288.0 |
392.7 |
+36% |
Net operating cash flows surged 356 percent to SAR 88 million, due to settling of projects’ dues.
|
Cash Flow Statement (SAR mln) |
|||
|
Period |
Sept. 2016 |
Sept. 2017 |
Variation |
|
Operating activities |
(34.4) |
87.9 |
+356% |
|
Investment activities |
(12.4) |
(21.2) |
(71%) |
|
Financing activities |
65.6 |
(63.4) |
(197%) |
|
Net cash balances at period-end |
20.4 |
8.1 |
(60%) |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}