Financial Results : Sumou Real Estate net profit up 19% to SAR 36 mln in H1 2020

Sumou Real Estate net profit up 19% to SAR 36 mln in H1 2020

21/07/2020 Argaam Exclusive

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Sumou Real Estate Co. reported a net profit after Zakat and tax of SAR 36 million for the first half of 2020, a 19% year-on-year (YoY) increase.

 

Sales for the period, however, fell 26% YoY to SAR 49.91 million, the company said in a bourse statement.

 

Shareholders’ equity increased 10% YoY to SAR 388.88 million during H1 2020, compared to SAR 353.237 million in the previous year.



Financials (M)

Item 6m 2019 6m 2020 Change‬
Revenues 95.28 49.91 (47.6 %)
Gross Income 44.21 46.09 4.3 %
Operating Income 37.29 40.19 7.8 %
Net Income 30.36 36.05 18.7 %
Average Shares 50.00 50.00 -
EPS (Riyals) 0.61 0.72 18.7 %


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