Alandalus net profit rises 35% in FY19

01/03/2020 Argaam Exclusive

View other reports

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)

Financials (M)

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.

Current Quarter Comparison (M)

Compared With The

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 %

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×