Al Gassim Investment widens net losses to SAR 14.6 mln in FY19

25/03/2020 Argaam Exclusive

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Al Gassim Investment Holding Co. (GACO) widened net losses after Zakat and tax to SAR 14.6 million for the fiscal year 2019, from SAR 7.7 million a year earlier, due to higher asset impairment losses.

Financials (M)

Item	2018	2019	Change‬
Revenues	12.16	12.00	(1.3 %)
Gross Income	10.42	10.29	(1.3 %)
Operating Income	(6.15)	(29.68)	(383.0 %)
Net Income	(7.71)	(14.65)	(90.0 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	(0.26)	(0.49)	(90.0 %)

In Q4 2019, the company also widened net losses after Zakat and tax to SAR 30.2 million from SAR 10.2 million in year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	2.97	2.92	(1.6 %)
Gross Income	2.54	2.54	(0.1 %)
Operating Income	(10.79)	(42.04)	(289.7 %)
Net Income	(10.23)	(30.18)	(195.0 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	(0.34)	(1.01)	(195.0 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	3.22	2.92	(9.3 %)
Gross Income	2.77	2.54	(8.3 %)
Operating Income	1.39	(42.04)	(3118.1 %)
Net Income	4.71	(30.18)	(740.3 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.16	(1.01)	(740.3 %)

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