Arabian Pipes swings to SAR 28.7 mln profit in FY19

22/03/2020 Argaam Exclusive

View other reports

Arabian Pipes Co. reported a net profit after Zakat and tax of SAR 28.7 million for the fiscal year 2019, against a net loss of SAR 122.7 million a year earlier.

The annual results were backed by a 6% rise year-on-year (YoY) in sales revenue, continuous production in Riyadh and Jubail plants, and the completion of delayed projects.

The company also kept steel prices unchanged, and upgraded its systems to fulfill Saudi Aramco’s demand.

Financials (M)

Item	2018	2019	Change‬
Revenues	698.31	741.09	6.1 %
Gross Income	(50.26)	96.47	292.0 %
Operating Income	(82.33)	62.66	176.1 %
Net Income	(122.70)	30.25	124.7 %
Average Shares	15.00	15.00	-
EPS (Riyals)	(8.18)	2.02	124.7 %

In Q4 2019, the company turned to a net profit of SAR 3.3 million against a net loss of SAR 89 million in year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	224.44	159.18	(29.1 %)
Gross Income	(62.21)	20.67	133.2 %
Operating Income	(71.92)	15.72	121.9 %
Net Income	(89.05)	4.88	105.5 %
Average Shares	15.00	15.00	-
EPS (Riyals)	(5.94)	0.33	105.5 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	210.35	159.18	(24.3 %)
Gross Income	28.35	20.67	(27.1 %)
Operating Income	20.54	15.72	(23.4 %)
Net Income	9.19	4.88	(46.9 %)
Average Shares	15.00	15.00	-
EPS (Riyals)	0.61	0.33	(46.9 %)

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.

×