National Gypsum Co. (NGC) reported a net profit after Zakat and tax of SAR 17.7 million for Q1 2020, against a net loss of SAR 3.5 million in year-earlier period.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 11.25 | 35.00 | 211.0 % |
| Gross Income | (1.15) | 20.75 | 1903.1 % |
| Operating Income | (3.35) | 18.71 | 659.5 % |
| Net Income | (3.51) | 17.71 | 605.2 % |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | (0.11) | 0.56 | 605.2 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 24.92 | 35.00 | 40.4 % |
| Gross Income | 11.61 | 20.75 | 78.7 % |
| Operating Income | 9.26 | 18.71 | 102.1 % |
| Net Income | 9.34 | 17.71 | 89.6 % |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | 0.30 | 0.56 | 89.6 % |
The positive results were attributed to an over threefold rise YoY in net sales, and a decline in administrative and marketing expenses.
When compared to Q4 2019, the company’s net profit after zakat and tax surged 89.6%, thanks to a 40.44% sales growth.
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