Al Sorayai incurs SAR 116.2 mln losses in 2019

31/03/2020 Argaam Exclusive

View other reports

Al Sorayai Trading And Industrial Group Co. (AlSorayai Group) widened net loss after Zakat and tax by more than two-fold year-on-year (YoY) to SAR 116.2 million for FY2019, driven by lower gross sales revenue, higher cost of production and lower capacity utilization.

Financials (M)

Item	2018	2019	Change‬
Revenues	401.05	232.35	(42.1 %)
Gross Income	47.85	(14.85)	(131.0 %)
Operating Income	(21.33)	(73.18)	(243.0 %)
Net Income	(55.43)	(116.21)	(109.6 %)
Average Shares	5.93	5.93	-
EPS (Riyals)	(9.35)	(19.61)	(109.6 %)

Al Sorayai narrowed Q4 2019 net losses by 15.8% year-on-year (YoY) to SAR 34.6 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	96.27	49.96	(48.1 %)
Gross Income	(18.86)	(8.08)	57.2 %
Operating Income	(34.89)	(18.38)	47.3 %
Net Income	(41.06)	(34.56)	15.8 %
Average Shares	5.93	5.93	-
EPS (Riyals)	(6.93)	(5.83)	15.8 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	64.65	49.96	(22.7 %)
Gross Income	1.85	(8.08)	(536.5 %)
Operating Income	(13.63)	(18.38)	(34.9 %)
Net Income	3.07	(34.56)	(1226.4 %)
Average Shares	5.93	5.93	-
EPS (Riyals)	0.52	(5.83)	(1226.4 %)

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.

×