Naseej narrows losses to SAR 5.3 mln in Q1 2021

09/05/2021 Argaam Exclusive
0

Naseej International Trading Co. narrowed net loss after Zakat and tax to SAR 5.3 million in Q1 2021, from a net loss of SAR 19.5 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 43.03 70.26 63.3 %
Gross Income 1.60 10.15 535.0 %
Operating Income (14.38) (2.39) 83.4 %
Net Income (19.54) (5.27) 73.0 %
Average Shares 8.91 8.91 -
Earnings Per Share before unusual items (2.19) (0.59) 73.0 %
EPS (Riyals) (2.19) (0.59) 73.0 %

The company attributed the decrease in net losses to the increase in sales, higher production capacity utilization, and decrease in cost per unit, which led to improved profit margins.

When compared to previous quarter, Naseej narrowed its net loss after Zakat and tax by 32.5%.

View other reports

Share Price

Naseej International Trading Co. (NASEEJ)

Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:3011:5012:1012:2012:3012:4013:0013:1013:3013:5014:1014:3014:4015:1092.592.759393.2593.593.759494.2594.594.75
Close : 93.60 | Apr 3, 15:11

Current
Market Cap (M Riyal) 1,020.24
Enterprise Value (EV) (M) 1,176.96
Shares Outstanding ((M)) 10.90
EPS ( Riyal) (TTM) (3.91)
Book Value (BV) ( Riyal) 4.40
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 21.29
Return on Average Assets (%) (TTM) (12.02 )
Return on Average Equity (%) (TTM) (19.34 )

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

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


Comments 0

Be the first to comment

loader Train
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.
Call Request

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