Al Yamamah Steel widens losses by 85% in 12M

12/12/2019 Argaam Exclusive

View other reports

Al Yamamah Steel Industries Co. widened losses by 85.23% year-on-year (YoY) to SAR 39.88 million for the 12 months ending Sept. 30, 2019, driven by the slowdown of the market projects, fierce competition and lower prices.

The company also cited higher financing costs, despite a 9.07% increase in revenue.

Financials (M)

Item	2018	2019	Change‬
Revenues	879.53	959.28	9.1 %
Gross Income	55.82	33.38	(40.2 %)
Operating Income	(5.26)	(27.39)	(420.6 %)
Net Income	(21.53)	(39.88)	(85.3 %)
Average Shares	50.80	50.80	-
EPS (Riyals)	(0.42)	(0.78)	(85.3 %)

The Saudi-based steel producer reported SAR 18.7 million in losses in Q4 ending Sept. 30, 2019.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	185.18	266.47	43.9 %
Gross Income	(5.15)	7.52	246.0 %
Operating Income	(22.30)	(9.67)	56.6 %
Net Income	(26.94)	(18.67)	30.7 %
Average Shares	50.80	50.80	-
EPS (Riyals)	(0.53)	(0.37)	30.7 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	209.84	266.47	27.0 %
Gross Income	20.01	7.52	(62.4 %)
Operating Income	5.49	(9.67)	(276.1 %)
Net Income	(2.00)	(18.67)	(834.2 %)
Average Shares	50.80	50.80	-
EPS (Riyals)	(0.04)	(0.37)	(834.2 %)

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.

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.

×