Financial Results : SARCO narrows net losses to SAR 1.1 mln in Q1 2020

SARCO narrows net losses to SAR 1.1 mln in Q1 2020

18/05/2020 Argaam Exclusive

View other reports

Saudi Arabia Refineries Co. (SARCO) narrowed net losses by 13% year-on-year (YoY) to SAR 1.1 million for Q1 2020, compared to SAR 1.3 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Operating Income (0.63) (0.89) (41.1 %)
Net Income (1.27) (1.10) 13.1 %
Average Shares 15.00 15.00 -
EPS (Riyals) (0.08) (0.07) 13.1 %

The company attributed it to the dividends due for the second half of 2019 from Southern Region Cement Co. worth SAR 271,499.

 

When compared to previous quarter, SARCO turned to losses on the lack of dividends from the Saudi Industrial Investment Group Co. worth SAR 11.39 million.

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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.