National Gypsum posts SAR 11 mln net profit in FY19

16/03/2020 Argaam Exclusive

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National Gypsum Co. (NGC) reported a net profit after Zakat and tax of SAR 11 million for fiscal year 2019, down 5% from SAR 11.5 million in 2018, the company said in a bourse statement on Monday.

The drop in profits was driven by the increase in cost of sales, in addition to the rise in administrative and marketing expenses.

The company generated SAR 70.18 million in revenues in 2019, 14.69% higher from SAR 61.19 million in the previous year.

Financials (M)

Item	2018	2019	Change‬
Revenues	61.19	70.18	14.7 %
Gross Income	19.24	20.21	5.0 %
Operating Income	11.41	11.94	4.6 %
Net Income	11.53	10.91	(5.4 %)
Average Shares	31.67	31.67	-
EPS (Riyals)	0.36	0.34	(5.4 %)

In Q4 2019, the company's net profit after Zakat jumped 39% to SAR 9.3 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	13.18	24.92	89.0 %
Gross Income	6.74	11.61	72.4 %
Operating Income	4.27	9.26	116.7 %
Net Income	6.73	9.34	38.9 %
Average Shares	31.67	31.67	-
EPS (Riyals)	0.21	0.30	38.9 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	21.49	24.92	15.9 %
Gross Income	9.55	11.61	21.6 %
Operating Income	7.84	9.26	18.1 %
Net Income	6.96	9.34	34.3 %
Average Shares	31.67	31.67	-
EPS (Riyals)	0.22	0.30	34.3 %

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