Financial Results : Al-Jouf Agricultural posts SAR 6.6 mln profit in Q1 2020

Al-Jouf Agricultural posts SAR 6.6 mln profit in Q1 2020

18/05/2020 Argaam Exclusive

View other reports

Al-Jouf Agricultural Development Co.’s (Al Jouf) net profit after Zakat and tax rose slightly to SAR 6.6 million in the first quarter of 2020, compared to SAR 6.5 million in the year-earlier period.

 

The profit increase was driven by an improvement in profit margin, which lead to a 19.80% rise in total profit, despite 7.08% decline in sales volumes.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 49.64 46.13 (7.1 %)
Gross Income 16.00 19.16 19.8 %
Operating Income 7.52 11.76 56.4 %
Net Income 6.53 6.54 0.2 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.22 0.22 0.2 %

The company turned to profit in Q1 2020, compared to a net loss before Zakat and tax of SAR 22.1 million in Q4 2019, thanks to a higher profit margin.

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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.