Nama Chemicals Co. reported a net profit after Zakat and tax of SAR 1.1 million for the fiscal year 2019, a 96.67% decline year-on-year (YoY), compared to SAR 35.2 million a year earlier.
The decline is mainly attributed to lower average selling prices of the company’s final products, lower sales quantities despite decrease in cost of raw materials, and higher selling and marketing expenses.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 624.34 | 525.94 | (15.8 %) |
| Gross Income | 127.57 | 73.94 | (42.0 %) |
| Operating Income | 58.80 | 22.22 | (62.2 %) |
| Net Income | 35.28 | 10.09 | (71.4 %) |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | 1.50 | 0.43 | (71.4 %) |
The company reported a net profit after Zakat of SAR 10.8 million for Q4 2019 from a net loss of SAR 17.08 million a year earlier.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 142.67 | 124.00 | (13.1 %) |
| Gross Income | 8.25 | 16.21 | 96.4 % |
| Operating Income | (11.02) | 16.21 | 247.2 % |
| Net Income | (17.08) | 19.73 | 215.5 % |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (0.73) | 0.84 | 215.5 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 119.48 | 124.00 | 3.8 % |
| Gross Income | 12.49 | 16.21 | 29.8 % |
| Operating Income | (2.84) | 16.21 | 671.0 % |
| Net Income | (6.39) | 19.73 | 408.6 % |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (0.27) | 0.84 | 408.6 % |
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