Saudi Industrial Services Co. (SISCO) reported net profit after Zakat and tax of SAR 139.4 million, a more than two-fold increase for 2020, from SAR 50.9 million a year earlier.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 675.88 | 1,020.87 | 51.0 % |
| Gross Income | 260.31 | 423.74 | 62.8 % |
| Operating Income | 93.41 | 256.24 | 174.3 % |
| Net Income | 50.92 | 151.03 | 196.6 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.62 | 1.85 | 196.6 % |
The profit increase was driven by higher revenues from the ports segment related to the takeover of NCT terminal in Jeddah Islamic Port and higher other income.
SISCO also cited lower financial charges on external debt financing of SAR 9 million and gains from IFRS9 of SAR 31.9 million.
The profit increase was offset by higher port segment operating expenses and lower profit from associate companies.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 156.52 | 378.33 | 141.7 % |
| Gross Income | 39.92 | 122.53 | 206.9 % |
| Operating Income | 1.87 | 78.01 | 4069.5 % |
| Net Income | 5.94 | 39.74 | 568.8 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.07 | 0.49 | 568.8 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 259.67 | 378.33 | 45.7 % |
| Gross Income | 132.15 | 122.53 | (7.3 %) |
| Operating Income | 91.66 | 78.01 | (14.9 %) |
| Net Income | 28.16 | 39.74 | 41.2 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.35 | 0.49 | 41.2 % |
Q4 2020 profit stood at SAR 28.1 million, a more than four-fold hike, from SAR 5.94 million in prior-year period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}