Alandalus Property Co. reported a net profit after Zakat and tax of SAR 64.8 million for the fiscal year 2019, an increase of 35% year-on-year (YoY)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 164.68 | 176.06 | 6.9 % |
| Gross Income | 93.69 | 102.40 | 9.3 % |
| Operating Income | 60.11 | 66.93 | 11.3 % |
| Net Income | 47.97 | 64.82 | 35.1 % |
| Average Shares | 93.33 | 93.33 | - |
| EPS (Riyals) | 0.51 | 0.69 | 35.1 % |
The annual results were driven by higher gross and operating profit, improved revenue and lower Zakat provision.
In Q4 2019, net profit surged to SAR 14.8 million from SAR 2.7 million a year earlier.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 42.11 | 51.04 | 21.2 % |
| Gross Income | 22.22 | 31.14 | 40.1 % |
| Operating Income | 13.31 | 20.42 | 53.4 % |
| Net Income | 2.67 | 14.83 | 456.3 % |
| Average Shares | 93.33 | 93.33 | - |
| EPS (Riyals) | 0.03 | 0.16 | 456.3 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 42.72 | 51.04 | 19.5 % |
| Gross Income | 24.08 | 31.14 | 29.3 % |
| Operating Income | 15.31 | 20.42 | 33.3 % |
| Net Income | 14.59 | 14.83 | 1.6 % |
| Average Shares | 93.33 | 93.33 | - |
| EPS (Riyals) | 0.16 | 0.16 | 1.6 % |
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