Saudi Vitrified Clay Pipes Co.’s (SVCP) net profit after Zakat and tax jumped 100% year-on-year (YoY) to SAR 8.8 million for fiscal year 2019, as compared to SAR 4.4 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 117.96 | 122.62 | 3.9 % |
| Gross Income | 25.76 | 38.10 | 47.9 % |
| Operating Income | 7.48 | 11.99 | 60.4 % |
| Net Income | 4.39 | 8.78 | 100.1 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.29 | 0.59 | 100.1 % |
The rise is attributed to higher sales and lower cost of sales, the company said in a bourse statement.
In Q4 2019, the company turned to net profit of SAR 5.12 million compared to SAR 150,000 a year earlier.
Shareholders’ equity stood at SAR 285.1 million by the end of Q4 2019.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 27.69 | 40.60 | 46.6 % |
| Gross Income | 3.90 | 14.65 | 275.9 % |
| Operating Income | 0.76 | 5.75 | 659.0 % |
| Net Income | 0.14 | 5.10 | 3542.9 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.01 | 0.34 | 3542.9 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 28.36 | 40.60 | 43.2 % |
| Gross Income | 7.85 | 14.65 | 86.6 % |
| Operating Income | 2.45 | 5.75 | 134.8 % |
| Net Income | 1.45 | 5.10 | 251.7 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.10 | 0.34 | 251.7 % |
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