Al-Baha Investment and Development Co. posted a net profit after Zakat and tax of SAR 830,704 for H1 2020, against a net loss of SAR 422,327 a year earlier.
The company was driven by a 16.38% year-on-year rise in revenue, amid flat cost of sales and a decline of 6.21% YoY in general and administrative expenses.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 4.85 | 5.65 | 16.4 % |
| Gross Income | 2.73 | 3.53 | 29.4 % |
| Operating Income | 1.16 | 2.06 | 77.4 % |
| Net Income | (0.60) | 0.58 | 197.1 % |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | (0.02) | 0.02 | 197.1 % |
The second-quarter net profit after Zakat and tax rose over two times to SAR 449,905 million from SAR 179,864 million in Q2 2019. The positive figures were backed by a 17.95% YoY rise in revenue, amid lower cost of sales, as well as general and administrative expenses.
On a sequential basis, Al-Baha’s net profit jumped 18%.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 2.45 | 2.89 | 17.9 % |
| Gross Income | 1.40 | 1.86 | 32.8 % |
| Operating Income | 0.58 | 1.12 | 93.1 % |
| Net Income | 0.09 | 0.31 | 238.5 % |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | 0.00 | 0.01 | 238.5 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 2.76 | 2.89 | 4.9 % |
| Gross Income | 1.67 | 1.86 | 11.4 % |
| Operating Income | 0.94 | 1.12 | 19.3 % |
| Net Income | 0.27 | 0.31 | 13.7 % |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | 0.01 | 0.01 | 13.7 % |
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}}