Thob Al Aseel’s net profit up 42% in FY 2019

18/02/2020 Argaam Exclusive

View other reports

Thob Al Aseel Co. reported a net profit after Zakat and tax of SAR 80.37 million for the fiscal year ended Dec. 31, 2019, a 41.9% year-on-year (YoY) increase, as compared to SAR 56.61 million in FY2018.

The increase in net profit was attributed to higher sales, the company said in a bourse statement.

Financials (M)

Item	2018	2019	Change‬
Revenues	377.37	477.21	26.5 %
Gross Income	143.35	180.71	26.1 %
Operating Income	72.97	94.92	30.1 %
Net Income	56.61	80.37	42.0 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.14	0.20	42.0 %

The company also reported a net profit of SAR 10.62 million for Q4 2019, which more than quadrupled compared to the same quarter a year earlier.

On a sequential basis, net profit doubled on higher sales due to the seasonality of the company’s activities.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	76.10	106.25	39.6 %
Gross Income	27.37	39.98	46.0 %
Operating Income	10.24	14.51	41.7 %
Net Income	2.30	10.62	362.7 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.01	0.03	362.7 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	79.65	106.25	33.4 %
Gross Income	29.16	39.98	37.1 %
Operating Income	9.29	14.51	56.2 %
Net Income	5.21	10.62	103.8 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.01	0.03	103.8 %

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.

×