Al-Omran posts 84% slump in FY19 net profit

18/03/2020 Argaam Exclusive

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Al-Omran Industrial Trading Co. reported a net profit after Zakat and tax of SAR 611,000 for the fiscal year 2019, an 84% plunge year-on-year (YoY) on higher cost of sales, lower profit margins.

Moreover, continuous pressure on selling prices amid high competition also weighed negatively on the annual figures.

Financials (M)

Item	2018	2019	Change‬
Revenues	116.05	115.22	(0.7 %)
Gross Income	23.33	20.90	(10.4 %)
Operating Income	6.54	3.36	(48.6 %)
Net Income	3.70	0.31	(91.7 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.36	0.03	(91.7 %)

Current Half Annual Comparison (M)

Compared With The

Item	H2 2018	H2 2019	Change‬
Revenues	22.11	22.72	2.7 %
Gross Income	2.88	5.73	99.1 %
Operating Income	(0.99)	0.57	157.6 %
Net Income	(1.74)	(1.32)	23.8 %
Average Shares	10.21	10.21	-
EPS (Riyals)	(0.17)	(0.13)	23.8 %

Item	H1 2019	H2 2019	Change‬
Revenues	37.85	22.72	(40.0 %)
Gross Income	5.76	5.73	(0.5 %)
Operating Income	1.71	0.57	(66.5 %)
Net Income	1.22	(1.32)	(208.3 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.12	(0.13)	(208.3 %)

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The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

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