Al Hassan Ghazi Ibrahim Shaker Co. narrowed losses after Zakat and tax to SAR 1.5 million for Q1 2020, from SAR 27.4 million, backed by a rise in sales, profit share from associates and gross profit.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 197.33 | 220.98 | 12.0 % |
| Gross Income | 33.02 | 49.36 | 49.5 % |
| Operating Income | (19.50) | (5.17) | 73.5 % |
| Net Income | (27.39) | (2.93) | 89.3 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.49) | (0.05) | 89.3 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 184.12 | 220.98 | 20.0 % |
| Gross Income | 35.29 | 49.36 | 39.9 % |
| Operating Income | (4.40) | (5.17) | (17.6 %) |
| Net Income | (7.39) | (2.93) | 60.4 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.13) | (0.05) | 60.4 % |
The company also cut Q4 2019 net losses by 40% from SAR 5.5 million, thanks to improved sales, profit share from associates and gross profit.
Accumulated losses stood at SAR 148.64 million, or 23.6% of capital by the end of Q1 2020.
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