Financial Results : Al Sorayai incurs SAR 116.2 mln losses in 2019

Al Sorayai incurs SAR 116.2 mln losses in 2019

31/03/2020 Argaam Exclusive

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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 -
Earnings Per Share before unusual items (Riyals) (9.35) (24.38) (160.6 %)
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 -
Earnings Per Share before unusual items (Riyals) (6.93) (5.83) 15.8 %
EPS (Riyals) (6.93) (5.83) 15.8 %

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