Financial Results : Shaker cuts net losses to SAR 49.8 mln in FY19

Shaker cuts net losses to SAR 49.8 mln in FY19

29/03/2020 Argaam Exclusive

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Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) trimmed net loss after Zakat and tax by 74.7% year-on-year (YoY) to SAR 49.8 million for the fiscal year 2019, thanks to a rise of 14.1% YoY in revenue, and a decline of 20% YoY in operating and other expenses.

 

Moreover, Shaker reported a profit share of SAR 17 million from associates, against a net loss of SAR 7.2 million a year earlier.



Financials (M)

Item 2018 2019 Change‬
Revenues 774.03 882.82 14.1 %
Gross Income 99.92 165.65 65.8 %
Operating Income (151.14) (26.20) 82.7 %
Net Income (196.54) (49.79) 74.7 %
Average Shares 55.50 55.50 -
EPS (Riyals) (3.54) (0.90) 74.7 %

In Q4 2019, the company also narrowed net losses to SAR 7.4 million, from SAR 94.4 million in year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 172.81 184.12 6.5 %
Gross Income (21.21) 35.29 266.4 %
Operating Income (81.99) (4.40) 94.6 %
Net Income (94.42) (7.39) 92.2 %
Average Shares 55.50 55.50 -
EPS (Riyals) (1.70) (0.13) 92.2 %

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