SIDC narrows net losses by 83.2% to SAR 500,000 in 9M 2020

27/10/2020 Argaam Exclusive
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Saudi Industrial Development Co. (SIDC) trimmed net loss after Zakat and tax by 83.2% year-on-year (YoY) to SAR 500,000 for the first nine months of 2020, driven by narrowing operating losses on lower production costs and other operating expenses.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 149.94 121.55 (18.9 %)
Gross Income 27.14 27.17 0.1 %
Operating Income (8.52) (3.52) 58.7 %
Net Income (2.97) (2.71) 8.7 %
Average Shares 13.50 13.50 -
Earnings Per Share before unusual items (0.22) (0.20) 8.7 %
EPS (Riyals) (0.22) (0.20) 8.7 %


Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 45.95 39.67 (13.7 %)
Gross Income 8.83 8.24 (6.7 %)
Operating Income (2.27) (2.21) 2.6 %
Net Income (4.31) (1.36) 68.5 %
Average Shares 13.50 13.50 -
Earnings Per Share before unusual items (0.32) (0.10) 68.5 %
EPS (Riyals) (0.32) (0.10) 68.5 %

The third-quarter net profit after Zakat and tax stood at SAR 5.1 million versus net loss of SAR 4.3 million in the year-earlier period, due to non-operating revenues.

 

On a sequential basis, net profit increased by 18.6%.

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Share Price

Saudi Industrial Development Co.
27.90
(0.25) (0.89 %)

Saudi Industrial Development Co. (SIDC)

1 Day (0.89 %) 5 Days 4.69 % 3 Months (4.12 %) 6 Months (9.27 %) Year (25.80 %) 2 Years (12.39 %) 5 Years 40.01 % All (29.04 %)
Created with Highstock 6.0.710:0510:2510:4010:5511:0511:1511:2511:4011:5012:0012:1512:3013:0513:2013:4013:5514:1514:3514:4514:5515:1527.727.827.92828.128.228.328.428.5
Close : 27.90 | Mar 27, 15:18
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Financial Ratios
Current
Market Cap (M Riyal) 376.65
Enterprise Value (EV) (M) 399.50
Shares Outstanding ((M)) 13.50
EPS ( Riyal) (TTM) (5.38)
Book Value (BV) ( Riyal) 5.36
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 5.21
Return on Average Assets (%) (TTM) (33.17 )
Return on Average Equity (%) (TTM) (65.43 )
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