Financial Results : Dur net profit rises 15% to SAR 10.9 mln in Q1 2020

Dur net profit rises 15% to SAR 10.9 mln in Q1 2020

05/05/2020 Argaam Exclusive

View other reports

Dur Hospitality Co. (Dur) reported a net profit after Zakat and tax of SAR 10.9 million for the first quarter of 2020, a 15% year-on-year (YoY) increase, compared to SAR 9.5 million in the same period last year.

 

The increase in profits was driven by higher revenues due to opening of new facilities.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 114.50 139.91 22.2 %
Gross Income 24.19 32.71 35.2 %
Operating Income 13.53 21.04 55.5 %
Net Income 9.48 10.87 14.6 %
Average Shares 100.00 100.00 -
EPS (Riyals) 0.09 0.11 14.6 %

When compared to the previous quarter, Q1 net profit slumped 55% due to decline in hotel revenues due to seasonality factors.

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.