Financial Results : Maadaniyah widens Q1 2020 losses to SAR 7.5 mln

Maadaniyah widens Q1 2020 losses to SAR 7.5 mln

18/06/2020 Argaam Exclusive

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National Metal Manufacturing and Casting Co. (Maadaniyah) widened net loss after Zakat and tax to SAR 7.5 million for Q1 2020, compared to SAR 190,000 in a year-earlier period, driven by lower sales, decreased average selling price and higher transport expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 80.70 79.55 (1.4 %)
Gross Income 9.29 3.63 (61.0 %)
Operating Income 1.84 (5.73) (411.3 %)
Net Income (0.19) (7.46) (3,786.5 %)
Average Shares 29.95 29.95 -
EPS (Riyals) (0.01) (0.25) (3,786.5 %)

When compared to the previous quarter, Maadaniyah trimmed losses by 45.7%, due to higher sales and lower general and administrative expenses (G&As).

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