Financial Results : Maadaniyah turns to SAR 65.1 mln net loss in FY2019

Maadaniyah turns to SAR 65.1 mln net loss in FY2019

29/03/2020 Argaam Exclusive

View other reports

National Metal Manufacturing and Casting Co. (Maadaniyah) reported a net loss after Zakat and tax of SAR 65.1 million for fiscal year 2019, compared to a net profit of SAR 4.5 million a year earlier.

 

The metal manufacturer turned to loss last year on lower sales due to the decrease in market demand in the GCC and a decline in pre-stressed concrete strands in the United States.

 

The company also cited higher other expenses due to goodwill impairment of SAR 4.1 million, as well as lower other income and a rise in financial charges.



Financials (M)

Item 2018 2019 Change‬
Revenues 391.17 263.25 (32.7 %)
Gross Income 47.91 17.24 (64.0 %)
Operating Income 13.15 (13.37) (201.7 %)
Net Income 4.53 (65.11) (1537.6 %)
Average Shares 29.95 29.95 -
EPS (Riyals) 0.15 (2.17) (1537.6 %)

In Q4 2019, Maadaniyah swung to a net loss of SAR 13.7 million as compared to a net profit of SAR 2.2 million in Q4 2018.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 95.92 58.68 (38.8 %)
Gross Income 12.30 0.13 (99.0 %)
Operating Income 4.11 (8.12) (297.7 %)
Net Income 2.29 (13.74) (700.6 %)
Average Shares 29.95 29.95 -
EPS (Riyals) 0.08 (0.46) (700.6 %)

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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.