Aseer widens losses to SAR 48.5 mln for 2020

Aseer widens losses to SAR 48.5 mln for 2020

31/03/2021 Argaam Exclusive

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Aseer Trading, Tourism and Manufacturing Co. widened net loss after Zakat and tax to SAR 48.5 million for 2020, compared to SAR 22.8 million in year-earlier period.

 

These losses were driven by lower gross profit, decreased operating profit, and higher tax expenses.



Financials (M)

Item 2019 2020 Change‬
Revenues 1,883.94 1,569.62 (16.7 %)
Gross Income 547.18 450.92 (17.6 %)
Operating Income 105.76 30.11 (71.5 %)
Net Income (22.75) (48.55) (113.4 %)
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items (0.51) (0.35) 31.5 %
EPS (Riyals) (0.18) (0.38) (113.4 %)

Q4 2020 net loss after Zakat and tax stood at SAR 40 million, versus SAR 14.55 million in prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 513.08 362.64 (29.3 %)
Gross Income 160.86 91.79 (42.9 %)
Operating Income 42.23 (12.47) (129.5 %)
Net Income (14.51) (15.74) (8.5 %)
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items (0.11) (0.11) 5.3 %
EPS (Riyals) (0.11) (0.12) (8.5 %)

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