Financial Results : SISCO posts 57% profit rise in Q1 2020

SISCO posts 57% profit rise in Q1 2020

07/05/2020 Argaam Exclusive

View other reports

Saudi Industrial Services Co. (SISCO) posted an increase of 57.4% year-on-year (YoY) in net profit after Zakat and tax to SAR 26.6 million for Q1 2020, driven by a rise of SAR 5.8 million in other income.

 

It was also bolstered by an IFRS 9 gain of SAR 32 million, on the extension of the port segment's existing Ijara facility.

When compared to Q4 2019, net profit after Zakat and tax surged over four-fold from SAR 5.9 million, thanks to higher revenue from the ports and logistics segments, along with a rise in other income and an IFRS 9 gain of SAR 32 million.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 166.52 167.29 0.5 %
Gross Income 72.67 53.17 (26.8 %)
Operating Income 33.31 13.41 (59.7 %)
Net Income 16.90 26.60 57.4 %
Average Shares 81.60 81.60 -
EPS (Riyals) 0.21 0.33 57.4 %

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.