SISCO posts 9% profit rise in FY19

27/02/2020 Argaam Exclusive

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Saudi Industrial Services Co. (SISCO) posted a rise of 8.99% year-on-year (YoY) in net profit after Zakat and tax to SAR 51 million for the fiscal year 2019, driven by continued performance improvement and higher profitability from the ports segment.

Financials (M)

Item	2018	2019	Change‬
Revenues	564.71	675.88	19.7 %
Gross Income	222.07	260.31	17.2 %
Operating Income	88.08	93.41	6.1 %
Net Income	46.75	50.92	8.9 %
Average Shares	81.60	81.60	-
EPS (Riyals)	0.57	0.62	8.9 %

In Q4 2019, net profit plunged 74% YoY to SAR 5.9 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	148.38	156.52	5.5 %
Gross Income	74.99	39.92	(46.8 %)
Operating Income	41.90	1.87	(95.5 %)
Net Income	23.04	5.94	(74.2 %)
Average Shares	81.60	81.60	-
EPS (Riyals)	0.28	0.07	(74.2 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	172.16	156.52	(9.1 %)
Gross Income	70.16	39.92	(43.1 %)
Operating Income	14.91	1.87	(87.5 %)
Net Income	6.74	5.94	(11.9 %)
Average Shares	81.60	81.60	-
EPS (Riyals)	0.08	0.07	(11.9 %)

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