Aseer net profit falls 96% in Q1 2020

07/05/2020 Argaam Exclusive
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Aseer Trading, Tourism and Manufacturing Co. (Aseer) posted net profit after Zakat and tax of SAR 200,000 for Q1 2020, a drop of 96% year-on-year (YoY) due to a decline in gross profit and operating income.

 

The company also cited higher general and administrative (G&A) expenses, and increase in income tax and Zakat expenses.

When compared to the previous quarter, the company reported a net profit in the first quarter 2020, driven by an increase in profit from investments, decline in G&A and Zakat expenses, and a fall in financing charges.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 471.87 406.21 (13.9 %)
Gross Income 135.36 121.17 (10.5 %)
Operating Income 29.65 12.92 (56.4 %)
Net Income 5.28 0.17 (96.9 %)
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items 0.02 0.00 (92.0 %)
EPS (Riyals) 0.04 0.00 (96.9 %)

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Share Price

Sinad Holding Co.
12.24
(0.14) (1.13 %)

Sinad Holding Co. (SINAD HOLDING)

1 Day (1.13 %) 5 Days (1.13 %) 3 Months (13.19 %) 6 Months (17.52 %) Year (4.97 %) 2 Years 7.37 % 5 Years 42.49 % All 118.18 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:4011:5012:0012:1012:2012:3012:4012:5013:1013:2013:4013:5014:1014:2014:4014:5015:2038.438.638.83939.239.439.639.8
Close : 39.05 | Apr 3, 15:20
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Financial Ratios
Current
Market Cap (M Riyal) 1,547.00
Enterprise Value (EV) (M) 2,292.62
Shares Outstanding ((M)) 126.39
EPS ( Riyal) (TTM) (0.03)
Book Value (BV) ( Riyal) 8.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.43
Return on Average Assets (%) (TTM) (0.15 )
Return on Average Equity (%) (TTM) (0.36 )
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