Aseer trims losses by 71% in 2019

26/03/2020 Argaam Exclusive

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Aseer Trading, Tourism and Manufacturing Co. narrowed net loss after Zakat and tax by 71% year-on-year (YoY) to SAR 30 million for FY19, driven by higher gross profit, lower investment losses and increased other income.

Financials (M)

Item	2018	2019	Change‬
Revenues	1,797.92	1,883.94	4.8 %
Gross Income	529.02	547.18	3.4 %
Operating Income	123.12	105.76	(14.1 %)
Net Income	(104.23)	(22.75)	78.2 %
Average Shares	126.39	126.39	-
EPS (Riyals)	(0.82)	(0.18)	78.2 %

Q4 2019 losses shrank by 80% YoY to SAR 21.8 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	449.88	513.08	14.0 %
Gross Income	129.99	160.86	23.8 %
Operating Income	22.45	42.23	88.2 %
Net Income	(109.49)	(14.51)	86.8 %
Average Shares	126.39	126.39	-
EPS (Riyals)	(0.87)	(0.11)	86.8 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	484.43	513.08	5.9 %
Gross Income	137.81	160.86	16.7 %
Operating Income	26.28	42.23	60.7 %
Net Income	(32.13)	(14.51)	54.9 %
Average Shares	126.39	126.39	-
EPS (Riyals)	(0.25)	(0.11)	54.9 %

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