Al Kathiri Holding Co. posted a net profit after zakat and tax of SAR 16.01 million for the fiscal year (FY) 2019, a rise of 72.1% year-on-year (YoY), as compared to SAR 9.3 million in FY2018.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 50.49 | 89.47 | 77.2 % |
| Gross Income | 15.87 | 27.90 | 75.8 % |
| Operating Income | 9.68 | 17.85 | 84.5 % |
| Net Income | 9.30 | 16.02 | 72.1 % |
| Average Shares | 213.84 | 213.84 | - |
| EPS (Halala) | 4.35 | 7.49 | 72.1 % |
The resulting profit was driven by increased sales value and the company’s contract with the Air Force, it said in a bourse statement.
Sales revenue also jumped 77.2% to SAR 89.46 million in FY2019.
The company also reported a net income of SAR 4.29 million in the fourth quarter of 2019, more than two-fold increase as compared to SAR 1.37 million in Q4 2018.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 10.27 | 26.36 | 156.6 % |
| Gross Income | 2.38 | 7.81 | 228.7 % |
| Operating Income | 1.76 | 5.04 | 186.7 % |
| Net Income | 1.37 | 4.29 | 212.4 % |
| Average Shares | 213.84 | 213.84 | - |
| EPS (Halala) | 0.64 | 2.01 | 212.4 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 18.02 | 26.36 | 46.3 % |
| Gross Income | 6.68 | 7.81 | 17.0 % |
| Operating Income | 4.20 | 5.04 | 19.8 % |
| Net Income | 4.15 | 4.29 | 3.6 % |
| Average Shares | 213.84 | 213.84 | - |
| EPS (Halala) | 1.94 | 2.01 | 3.6 % |
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