SIECO turns to SAR 12.6 mln loss in 2019

31/03/2020 Argaam Exclusive

View other reports

Saudi Industrial Export Co. (SIECO) reported net loss after Zakat and tax of SAR 12.6 million for FY2019, versus net profit of SAR 6.4 million a year earlier, driven by fierce competition and soft demand in the global markets, lower sales volumes and higher general expenses.

SIECO narrowed Q4 2019 net losses by 55.7% year-on-year (YoY) to SAR 2.7 million.

Financials (M)

Item	2018	2019	Change‬
Revenues	118.27	68.24	(42.3 %)
Gross Income	1.02	(14.15)	(1484.2 %)
Operating Income	(7.51)	(24.03)	(220.2 %)
Net Income	6.43	(26.01)	(504.7 %)
Average Shares	163.05	163.05	-
EPS (Riyals)	0.04	(0.16)	(504.7 %)

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	26.51	22.33	(15.8 %)
Gross Income	(2.72)	(11.27)	(315.2 %)
Operating Income	(5.83)	(15.23)	(161.1 %)
Net Income	(6.13)	(16.13)	(163.3 %)
Average Shares	163.05	163.05	-
EPS (Riyals)	(0.04)	(0.10)	(163.3 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	21.77	22.33	2.6 %
Gross Income	(3.41)	(11.27)	(230.9 %)
Operating Income	(4.91)	(15.23)	(210.2 %)
Net Income	1.98	(16.13)	(914.2 %)
Average Shares	163.05	163.05	-
EPS (Riyals)	0.01	(0.10)	(914.2 %)

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×