JAZADCO turns to SAR 524,000 in profit in Q1 2020

20/05/2020 Argaam Exclusive

Jazan Energy and Development Co. (JAZADCO) reported net profit after Zakat and tax of SAR 524,000 in Q1 2020, versus net losses of SAR 5.2 million in year-earlier period, driven by a 36% increase in sales revenue.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 16.66 22.59 35.6 %
Gross Income (1.08) 5.95 651.2 %
Operating Income (4.98) 1.26 125.2 %
Net Income (5.23) 0.52 110.0 %
Average Shares 50.00 50.00 -
Earnings Per Share before unusual items (0.10) 0.01 110.0 %
EPS (Riyals) (0.10) 0.01 110.0 %

The company also cited the segments restructure, which boosted its operating performance, in addition to the implementation of a number of initiatives to cut operating costs as well as selling and marketing expenses.

 

On a sequential basis, the company swung to profit in Q1 2020, versus net losses of SAR 374,735.

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Share Price

Jazan Development and Investment Co.
11.40
(0.90) (7.32 %)

Jazan Development and Investment Co. (JAZADCO)

1 Day (7.32 %) 5 Days (7.32 %) 3 Months (14.67 %) 6 Months (15.68 %) Year (30.49 %) 2 Years (16.42 %) 5 Years 19.62 % All 94.87 %
Created with Highstock 6.0.710:1010:3010:4010:5011:0011:1011:2011:3011:4011:5012:0012:2012:3012:4012:5013:0013:1013:2013:3013:4013:5014:1014:3014:4014:5015:1015:2011.2011.3011.4011.5011.6011.7011.8011.9012.0012.1012.2012.3012.40
Close : 11.40 | Apr 3, 15:20
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Financial Ratios
Current
Market Cap (M Riyal) 570.00
Enterprise Value (EV) (M) 600.31
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) (3.07)
Book Value (BV) ( Riyal) 6.19
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.84
Return on Average Assets (%) (TTM) (26.49 )
Return on Average Equity (%) (TTM) (39.14 )
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