Aslak reports more than three-fold profit increase in FY19

14/01/2020 Argaam Exclusive

View other reports

United Wire Factories Co. (Aslak) reported a net profit after Zakat and tax of SAR 22.1 million for the fiscal year 2019, an increase of more than three-fold year-on-year (YoY), the company said in a bourse statement.

Financials (M)

Item	2018	2019	Change‬
Revenues	534.97	724.41	35.4 %
Gross Income	46.15	61.65	33.6 %
Operating Income	14.80	30.23	104.3 %
Net Income	7.11	22.12	211.2 %
Average Shares	28.08	28.08	-
EPS (Riyals)	0.25	0.79	211.2 %

The earnings hike was mainly attributed to higher sales volumes, lower selling and distribution expenses and decreased general and administrative expenses (G&As).

Aslak reported net profit of SAR 4.87 million in Q4 2019, versus net losses of SAR 8.44 million in year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	137.73	219.22	59.2 %
Gross Income	2.40	18.94	689.1 %
Operating Income	(7.02)	10.16	244.7 %
Net Income	(8.43)	4.89	158.0 %
Average Shares	28.08	28.08	-
EPS (Riyals)	(0.30)	0.17	158.0 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	168.29	219.22	30.3 %
Gross Income	8.42	18.94	125.1 %
Operating Income	1.39	10.16	629.6 %
Net Income	1.10	4.89	344.1 %
Average Shares	28.08	28.08	-
EPS (Riyals)	0.04	0.17	344.1 %

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.

×