Zahrat Al Waha For Trading Co. reported a net profit after Zakat and tax of SAR 26.7 million for the first nine months of 2020, a 22% year-on-year (YoY) decline, compared to a profit of SAR 34.2 million in the same period last year.
The decline was driven mainly by lower sales , along with higher selling and distribution expenses especially during H1 2020.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 410.31 | 333.80 | (18.6 %) |
| Gross Income | 58.31 | 50.55 | (13.3 %) |
| Operating Income | 46.13 | 37.61 | (18.5 %) |
| Net Income | 34.24 | 26.73 | (21.9 %) |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 1.52 | 1.19 | (21.9 %) |
The company reported a net profit after Zakat and tax of SAR 7.2 million in Q3 2020, a 52% YoY decline, as sales decreased by 31%.
When compared to previous quarter, Q3 net profit rose 8.7%.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 147.00 | 101.54 | (30.9 %) |
| Gross Income | 23.48 | 14.93 | (36.4 %) |
| Operating Income | 18.82 | 10.85 | (42.3 %) |
| Net Income | 14.97 | 7.20 | (51.9 %) |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 0.67 | 0.32 | (51.9 %) |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 108.62 | 101.54 | (6.5 %) |
| Gross Income | 14.67 | 14.93 | 1.8 % |
| Operating Income | 10.31 | 10.85 | 5.2 % |
| Net Income | 6.62 | 7.20 | 8.7 % |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 0.29 | 0.32 | 8.7 % |
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