Financial Results : Al Kathiri posts 20.6% profit decline to SAR 3.62 mln in Q1 2020

Al Kathiri posts 20.6% profit decline to SAR 3.62 mln in Q1 2020

17/05/2020 Argaam Exclusive

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Al Kathiri Holding Co. reported net profit after Zakat and tax of SAR 3.62 million, declining 20.6% year-on-year (YoY) for Q1 2020, driven by lower sales and higher expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 26.10 25.57 (2.0 %)
Gross Income 7.80 7.48 (4.0 %)
Operating Income 4.54 4.06 (10.6 %)
Net Income 4.57 3.63 (20.6 %)
Average Shares 213.84 213.84 -
EPS (Halala) 2.14 1.70 (20.6 %)

When compared to Q4 2019, net profit dropped by 15.46%.

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