Al Kathiri’s net profit rises 72% in FY2019

Al Kathiri’s net profit rises 72% in FY2019

09/02/2020 Argaam Exclusive

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Al Kathiri Holding Co. posted a net profit after zakat and tax of SAR 16.01 million for the fiscal year (FY) 2019, a rise of 72.1% year-on-year (YoY), as compared to SAR 9.3 million in FY2018.



Financials (M)

Item 2018 2019 Change‬
Revenues 50.49 89.47 77.2 %
Gross Income 15.87 27.90 75.8 %
Operating Income 9.68 17.85 84.5 %
Net Income 9.30 16.02 72.1 %
Average Shares 213.84 213.84 -
Earnings Per Share before unusual items 0.04 0.07 72.1 %
EPS (Halala) 4.35 7.49 72.1 %

The resulting profit was driven by increased sales value and the company’s contract with the Air Force, it said in a bourse statement.

 

Sales revenue also jumped 77.2% to SAR 89.46 million in FY2019.

 

The company also reported a net income of SAR 4.29 million in the fourth quarter of 2019, more than two-fold increase as compared to SAR 1.37 million in Q4 2018.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 10.27 26.36 156.6 %
Gross Income 2.38 7.81 228.7 %
Operating Income 1.76 5.04 186.7 %
Net Income 1.37 4.29 212.4 %
Average Shares 213.84 213.84 -
Earnings Per Share before unusual items 0.01 0.02 212.4 %
EPS (Halala) 0.64 2.01 212.4 %

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