Saudi Industrial Services Co. (SISCO) reported net profit after Zakat and tax of SAR 83.1 million for the first half of 2020, an increase of more than two-fold year-on-year (YoY), driven by recording SAR 32 million in gains from implementing the IFRS9. The company also cited increased other income and improved performance of ports segment.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 347.21 | 382.86 | 10.3 % |
| Gross Income | 150.23 | 169.06 | 12.5 % |
| Operating Income | 76.62 | 86.57 | 13.0 % |
| Net Income | 38.24 | 83.12 | 117.4 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.47 | 1.02 | 117.4 % |
Net profit after Zakat and tax for the second quarter increased by more than two-fold YoY to SAR 56.5 million, due to improved performance of ports segment.
On a quarter-on-quarter basis, the profit for the current quarter more than doubled.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 180.69 | 215.57 | 19.3 % |
| Gross Income | 77.55 | 115.88 | 49.4 % |
| Operating Income | 43.31 | 73.16 | 68.9 % |
| Net Income | 21.34 | 56.52 | 164.9 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.26 | 0.69 | 164.9 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 167.29 | 215.57 | 28.9 % |
| Gross Income | 53.17 | 115.88 | 117.9 % |
| Operating Income | 13.41 | 73.16 | 445.6 % |
| Net Income | 26.60 | 56.52 | 112.5 % |
| Average Shares | 81.60 | 81.60 | - |
| EPS (Riyals) | 0.33 | 0.69 | 112.5 % |
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}}