Financial Results : Shaker trims Q1 2020 losses to SAR 1.5 mln

Shaker trims Q1 2020 losses to SAR 1.5 mln

18/06/2020 Argaam Exclusive

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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.



Current Quarter Comparison (M)

Compared With The
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 %

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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