Saudi Arabia Refineries Co. (SARCO) reported a net profit after Zakat and tax of SAR 13.4 million for 2020, down 22%, from SAR 17.2 million in 2019.
The company attributed the decline in net profit to the decrease in dividend payable for the current year from Saudi Industrial Investment Group Co. (SIIG) compared to the previous year.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Operating Income | (3.14) | (2.79) | 11.1 % |
| Net Income | 17.17 | 13.38 | (22.1 %) |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 1.14 | 0.89 | (22.1 %) |
In Q4 2020, the company’s net profit after Zakat and tax fell 23% to SAR 7 million, compared to SAR 9.04 million in Q4 2019.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Operating Income | (1.39) | (0.92) | 33.5 % |
| Net Income | 9.04 | 7.00 | (22.6 %) |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.60 | 0.47 | (22.6 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Operating Income | (0.52) | (0.92) | (78.0 %) |
| Net Income | 0.39 | 7.00 | 1712.2 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.03 | 0.47 | 1712.2 % |
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