Fawaz Abdulaziz Alhokair Co.’s net profit after zakat and tax edged down 16.7% year-on-year (YoY) to SAR 234.3 million in the nine-month period ending on Dec. 31, 2019.
This profit decline was driven by a 2% drop in revenue and a hike of 194% in depreciation and amortization expenses.
| Item | 9m 2018 | 9m 2019 | Change |
|---|---|---|---|
| Revenues | 4,353.23 | 4,256.76 | (2.2 %) |
| Gross Income | 1,049.93 | 949.04 | (9.6 %) |
| Operating Income | 420.32 | 507.12 | 20.7 % |
| Net Income | 285.75 | 231.31 | (19.1 %) |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | 2.49 | 2.02 | (19.1 %) |
The third-quarter net profit after zakat and tax jumped 40.07% YoY to SAR 36 million on higher revenue, together with the implementation of a portfolio optimization strategy.
On a quarterly basis, Alhokair incurred SAR 26.7 million losses in Q2 2019/2020.
| Item | Q3 2018 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 1,233.53 | 1,289.78 | 4.6 % |
| Gross Income | 276.69 | 258.24 | (6.7 %) |
| Operating Income | 60.95 | 102.14 | 67.6 % |
| Net Income | 26.53 | 34.47 | 30.0 % |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | 0.23 | 0.30 | 30.0 % |
| Item | Q2 2019 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 1,234.59 | 1,289.78 | 4.5 % |
| Gross Income | 183.28 | 258.24 | 40.9 % |
| Operating Income | 43.84 | 102.14 | 133.0 % |
| Net Income | (27.22) | 34.47 | 226.7 % |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | (0.24) | 0.30 | 226.7 % |
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