Financial Results : SIIG turns to losses of SAR 174 million in Q1 2020

SIIG turns to losses of SAR 174 million in Q1 2020

30/04/2020 Argaam Exclusive

View other reports

Saudi Industrial Investment Group (SIIG) swung to a net loss after Zakat and tax of SAR 174 million for the first quarter of 2020, compared to a net profit of SAR 178 million from the same period last year.

 

The company attributed it to lower profit share from National Petrochemical Co. (Petrochem) of SAR 24 million, decreased other income, and losses from jointly-manager projects of SAR 189 million.

When compared to the previous quarter, Q1 recorded net losses on lower other income and decline in profit share from Petrochem.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 2,020.11 1,572.92 (22.1 %)
Gross Income 517.41 246.83 (52.3 %)
Operating Income 363.05 116.74 (67.8 %)
Net Income 178.21 (173.91) (197.6 %)
Average Shares 450.00 450.00 -
EPS (Riyals) 0.40 (0.39) (197.6 %)

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.