Fitaihi posts 24% profit rise to SAR 18.8 mln in 9M 2020

11/11/2020 Argaam Exclusive
0

Fitaihi Holding Group reported a net profit after Zakat and tax of SAR 18.8 million for the first nine months of 2020, a 24% year-on-year (YoY) increase.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 50.68 32.09 (36.7 %)
Gross Income 21.35 11.12 (47.9 %)
Operating Income (5.97) (9.87) (65.4 %)
Net Income 15.19 18.78 23.6 %
Average Shares 275.00 275.00 -
Earnings Per Share before unusual items 0.06 (0.02) (139.2 %)
EPS (Riyals) 0.06 0.07 23.6 %

The company attributed the increase to lower sales and administrative expenses and SAR 31.2 million profits from selling shares of an associate company.

 

This was despite lower sales and dividends received from investments, and increase in Zakat expenses and net losses from discontinued operations.



Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 11.57 9.92 (14.3 %)
Gross Income 5.71 4.84 (15.1 %)
Operating Income (2.97) (1.54) 48.0 %
Net Income 2.18 38.06 1645.9 %
Average Shares 275.00 275.00 -
Earnings Per Share before unusual items 0.01 0.02 215.0 %
EPS (Riyals) 0.01 0.14 1645.9 %

The company reported sharp YoY rise in net profit after Zakat and tax to SAR 38.1 million for Q3 2020 compared to SAR 2 million in Q3 2019, on higher share of affiliates’ profits, lower selling and administrative expenses, despite the decline in sales.

 

When compared to the previous quarter, the company turned to profits in Q3 2020 due to higher sales and profit margin.

View other reports

Share Price

Fitaihi Holding Group
4.04
0.01 0.25 %

Fitaihi Holding Group (FITAIHI GROUP)

1 Day 0.25 % 5 Days 2.80 % 3 Months (0.98 %) 6 Months (2.65 %) Year (1.22 %) 2 Years 41.26 % 5 Years 166.28 % All 56.09 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:3011:4012:0012:1012:2012:4012:5013:0013:1013:2013:4013:5014:0014:2014:3014:4014:5015:0015:2044.014.024.034.044.054.064.074.084.09
Close : 4.04 | Mar 27, 15:20
More


Financial Ratios
Current
Market Cap (M Riyal) 1,111.00
Enterprise Value (EV) (M) 1,105.02
Shares Outstanding ((M)) 275.00
EPS ( Riyal) (TTM) 0.05
Book Value (BV) ( Riyal) 1.73
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 2.33
Return on Average Assets (%) (TTM) 2.9
Return on Average Equity (%) (TTM) 3.0
more

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.

Contact Us (+966)-92000-7759

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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
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