Al-Baha Investment and Development Co. posted a net profit after Zakat and tax of SAR 271,000 for Q1 2020, against a net loss of SAR 686,000 a year earlier. The company was driven by a 14.78% year-on-year rise in revenue, lower general and administrative expenses and lower Zakat provision.
The company turned profitable, from net losses of SAR 4.8 million in Q4 2019, thanks to higher operating profit, lower Zakat provisions and
Accumulated losses stood at SAR 40.43 million, or 22.85% of capital by the end of Q1 2020.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 2.40 | 2.76 | 14.8 % |
| Gross Income | 1.33 | 1.67 | 25.8 % |
| Operating Income | 0.58 | 0.94 | 61.6 % |
| Net Income | (0.69) | 0.27 | 139.4 % |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | (0.02) | 0.01 | 139.4 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 2.74 | 2.76 | 0.7 % |
| Gross Income | 1.22 | 1.67 | 36.4 % |
| Operating Income | 0.21 | 0.94 | 338.8 % |
| Net Income | (4.86) | 0.27 | 105.6 % |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | (0.16) | 0.01 | 105.6 % |
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}}