Al Ahsa turns to SAR 1.3 mln loss in FY2019

09/03/2020 Argaam Exclusive

View other reports

Al Ahsa Development Co. reported a net loss of SAR 1.3 million for the fiscal year 2019 as compared to a net profit of SAR 7.22 million for FY2018.

Financials (M)

Item	2018	2019	Change‬
Revenues	225.65	245.51	8.8 %
Gross Income	52.73	69.38	31.6 %
Operating Income	(5.88)	(6.30)	(7.2 %)
Net Income	7.22	(1.28)	(117.8 %)
Average Shares	53.69	53.69	-
EPS (Riyals)	0.13	(0.02)	(117.8 %)

These losses were driven by an increase in general and administrative expenses (G&As) and losses from associated companies, the company said in a bourse statement.

Revenues of the Saudi-based firm grew 8.79% YoY to SAR 245.5 million in FY 2019.

The company incurred SAR 7 million losses in Q4 2019, compared to a profit of SAR 8.51 million in the same period in 2018.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	61.42	69.00	12.3 %
Gross Income	13.99	24.10	72.3 %
Operating Income	(2.18)	(6.56)	(201.4 %)
Net Income	8.51	(6.88)	(180.9 %)
Average Shares	53.69	53.69	-
EPS (Riyals)	0.16	(0.13)	(180.9 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	60.26	69.00	14.5 %
Gross Income	15.68	24.10	53.7 %
Operating Income	0.52	(6.56)	(1364.7 %)
Net Income	2.30	(6.88)	(399.0 %)
Average Shares	53.69	53.69	-
EPS (Riyals)	0.04	(0.13)	(399.0 %)

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.

×