Saudi Arabian Fertilizer Co. (SAFCO) reported a net profit after Zakat and tax of SAR 1.06 billion for the first nine months of 2020, a 6% decline year-on-year (YoY), from SAR 1.13 billion a year earlier, driven by lower average selling prices and decreased profit share from Ibn Al-Baytar.
The company also cited lower other income related to profit from assets at fair value.
Item | 9m 2019 | 9m 2020 | Change |
---|---|---|---|
Revenues | 2,442.01 | 2,559.21 | 4.8 % |
Gross Income | 1,263.08 | 1,307.36 | 3.5 % |
Operating Income | 984.19 | 1,026.24 | 4.3 % |
Net Income | 1,130.13 | 1,060.84 | (6.1 %) |
Average Shares | 416.67 | 416.67 | - |
EPS (Riyals) | 2.71 | 2.55 | (6.1 %) |
The third-quarter net profit after Zakat and tax fell 4% YoY to SAR 397.5 million, due to lower average selling prices, and decreased profit share in Ibn Al-Baytar.
When compared to previous quarter, net profit jumped 10.5% backed by higher average selling prices.
Item | Q3 2019 | Q3 2020 | Change |
---|---|---|---|
Revenues | 909.71 | 902.13 | (0.8 %) |
Gross Income | 465.08 | 485.11 | 4.3 % |
Operating Income | 363.66 | 387.99 | 6.7 % |
Net Income | 414.21 | 397.53 | (4.0 %) |
Average Shares | 416.67 | 416.67 | - |
EPS (Riyals) | 0.99 | 0.95 | (4.0 %) |
Item | Q2 2020 | Q3 2020 | Change |
---|---|---|---|
Revenues | 928.71 | 902.13 | (2.9 %) |
Gross Income | 454.31 | 485.11 | 6.8 % |
Operating Income | 359.95 | 387.99 | 7.8 % |
Net Income | 359.80 | 397.53 | 10.5 % |
Average Shares | 416.67 | 416.67 | - |
EPS (Riyals) | 0.86 | 0.95 | 10.5 % |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}