Zoujaj turns to losses of SAR 31 mln in FY19

02/03/2020 Argaam Exclusive

View other reports

The National Company For Glass Industries (Zoujaj) reported a net loss after Zakat and tax of SAR 29.9 million for the fiscal year 2019 compared to a net profit of SAR 30.6 million a year earlier.

Financials (M)

Item	2018	2019	Change‬
Revenues	98.67	74.86	(24.1 %)
Gross Income	29.67	5.34	(82.0 %)
Operating Income	18.06	(6.24)	(134.5 %)
Net Income	31.74	(31.32)	(198.7 %)
Average Shares	32.90	32.90	-
EPS (Riyals)	0.96	(0.95)	(198.7 %)

The losses were attributed to lower sales, decrease in associated company profit share and write offs worth SAR 26.9 million on associated company and inventory.

The company’s net loss widened to SAR 27.25 million in Q4 2019 versus SAR 1 million in the year earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	20.28	14.91	(26.5 %)
Gross Income	4.70	(0.65)	(113.9 %)
Operating Income	3.37	(4.07)	(220.6 %)
Net Income	0.14	(27.97)	(20663.2 %)
Average Shares	32.90	32.90	-
EPS (Riyals)	0.00	(0.85)	(20663.2 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	13.58	14.91	9.8 %
Gross Income	(2.73)	(0.65)	76.1 %
Operating Income	(5.22)	(4.07)	22.1 %
Net Income	(6.57)	(27.97)	(325.7 %)
Average Shares	32.90	32.90	-
EPS (Riyals)	(0.20)	(0.85)	(325.7 %)

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.

×