Saudi Ceramic Co. reported a net profit after zakat and tax of SAR 7.2 million for the fiscal year of 2019, versus net losses of SAR 220.6 million in a year-earlier period, the company said in a bourse statement.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 1,028.05 | 1,235.09 | 20.1 % |
| Gross Income | 107.80 | 326.57 | 202.9 % |
| Operating Income | (157.37) | 60.39 | 138.4 % |
| Net Income | (214.58) | 7.15 | 103.3 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | (2.15) | 0.07 | 103.3 % |
These earnings were mainly driven by higher sales revenue due to improved prices and increased sales volumes during the year.
The company also cited lower general and administrative expenses (G&As) and decreased inventory provisions.
The Saudi ceramic producer reported net profit of SAR 13.8 million in Q4 2019, versus net losses of SAR 85.6 million in prior-year period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 279.69 | 359.91 | 28.7 % |
| Gross Income | 18.57 | 104.68 | 463.8 % |
| Operating Income | (55.87) | 33.71 | 160.3 % |
| Net Income | (79.59) | 13.81 | 117.4 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | (0.80) | 0.14 | 117.4 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 291.73 | 359.91 | 23.4 % |
| Gross Income | 108.78 | 104.68 | (3.8 %) |
| Operating Income | 45.16 | 33.71 | (25.4 %) |
| Net Income | 34.49 | 13.81 | (60.0 %) |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.34 | 0.14 | (60.0 %) |
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