Financial Results : TADCO narrows net loss by 87.5% to SAR 17.9 mln in 9M 2020

TADCO narrows net loss by 87.5% to SAR 17.9 mln in 9M 2020

10/11/2020 Argaam Exclusive

View other reports

Tabuk Agricultural Development Co. (TADCO) trimmed net loss after Zakat and tax by 87.5% year-on-year (YoY) to SAR 17.9 million for the first nine months of 2020, driven by higher sales revenue and decreased distribution and selling expenses.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 98.72 119.37 20.9 %
Gross Income (27.08) 22.84 184.3 %
Operating Income (67.03) (13.60) 79.7 %
Net Income (142.22) (18.20) 87.2 %
Average Shares 33.73 33.73 -
EPS (Riyals) (4.22) (0.54) 87.2 %


Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 50.67 47.39 (6.5 %)
Gross Income (1.78) 9.31 623.6 %
Operating Income (17.21) (4.83) 71.9 %
Net Income (55.67) (6.96) 87.5 %
Average Shares 33.73 33.73 -
EPS (Riyals) (1.65) (0.21) 87.5 %

The third-quarter net loss after Zakat and tax shrank 88.6% YoY to SAR 6.2 million, backed by lower cost of sales.

 

On a sequential basis, Q3 2020 net loss widened 1.2%.

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.