Nama Chemicals widens net loss to SAR 20.6 mln in 9M 2020

29/10/2020 Argaam Exclusive

View other reports

Nama Chemicals Co.’s net loss after Zakat and tax widened by 113.3% year-on-year (YoY) to SAR 20.6 million for the first nine months of 2020, driven by lower sales volumes and decreased investment revenue.

Financials (M)

Item	9m 2019	9m 2020	Change‬
Revenues	401.94	324.52	(19.3 %)
Gross Income	57.73	24.12	(58.2 %)
Operating Income	6.01	(17.47)	(390.8 %)
Net Income	(9.64)	(20.57)	(113.3 %)
Average Shares	23.52	23.52	-
EPS (Riyals)	(0.41)	(0.87)	(113.3 %)

The third-quarter net loss after Zakat and tax widened by nearly 54.9% YoY to SAR 9.9 million, due to lower selling prices, decreased sales volumes and a decline in investment revenue.

On a sequential basis, Q3 2020 net loss widened by 196.8%.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2019	Q3 2020	Change‬
Revenues	119.48	99.95	(16.3 %)
Gross Income	12.49	3.06	(75.5 %)
Operating Income	(2.84)	(11.80)	(315.5 %)
Net Income	(6.39)	(9.91)	(54.9 %)
Average Shares	23.52	23.52	-
EPS (Riyals)	(0.27)	(0.42)	(54.9 %)

Item	Q2 2020	Q3 2020	Change‬
Revenues	104.54	99.95	(4.4 %)
Gross Income	11.49	3.06	(73.4 %)
Operating Income	0.89	(11.80)	(1425.3 %)
Net Income	(3.34)	(9.91)	(196.8 %)
Average Shares	23.52	23.52	-
EPS (Riyals)	(0.14)	(0.42)	(196.8 %)

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×