Financial Results : Ash-Sharqiyah widens net losses to SAR 67.5 mln in FY19

Ash-Sharqiyah widens net losses to SAR 67.5 mln in FY19

29/03/2020 Argaam Exclusive

View other reports

Ash-Sharqiyah Development Co. widened net loss after Zakat and tax to SAR 67.5 million for the first fiscal year 2019, compared to net losses of SAR 6.7 million a year earlier.

 

The higher losses were attributed to excluding the difference of the company’s land from the accounts at an estimated value of SAR 63.3 million.



Financials (M)

Item 2018 2019 Change‬
Revenues 0.34 - -
Gross Income (1.01) (0.94) 6.9 %
Operating Income (7.20) (4.10) 43.1 %
Net Income (6.71) (67.47) (905.0 %)
Average Shares 19.65 19.65 -
EPS (Riyals) (0.34) (3.43) (905.0 %)

In Q4 2019, the company widened net losses to SAR 65.1 million, from SAR 0.9 million in year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Gross Income (0.23) (0.48) (111.5 %)
Operating Income (1.34) (2.04) (53.0 %)
Net Income (0.93) (65.13) (6,903.7 %)
Average Shares 19.65 19.65 -
EPS (Riyals) (0.05) (3.31) (6,903.7 %)

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.