The company recorded a slight net income growth on TTM basis of 0.30 percent on the last twelve months ended 30 June 2017, achieving 717.39 million riyals "3.65 per share" as compared to the versus period of 715.22 million riyals. However, the company`s ROE witnessed a decline from 29.01 to 26.54 percent during the last twelve months.
Despite RNOA remains round the same average of the versus period, the average return on equity declined from 29.01 to 26.54, and that can mainly be attributed to the drop in Return from non-operating activities from 5.95 to 3.52 percent due to the decrease of operating spread from 19.90 to 16.34 on the impacts of the rise in NBC, though the FLEV witnessed a decline.
Advanced Petrochemical: A look at Profitability and Productivity
Reviewed by Badraldin Alhaj
on
August 26, 2017
Rating:
Reviewed by Badraldin Alhaj
on
August 26, 2017
Rating:
No comments:
Note: Only a member of this blog may post a comment.