Also, the company`s net income increased on TTM basis by 62.4 percent on the last twelve months ended 30 June 2017, to 91.14 million riyals "2.17 riyal per share" as compared to the versus period of a net income of 56.13 million riyals. Revenues rose 9.1 percent to 3948.66 million riyals, where operating income 100.4 percent to 114.49 million riyals. Consequently the company`s aver. ROE posted jumped from 10.94 to 18.03 percent through the last twelve months.
The a average return on equity rose from 10.94 to 18.03 percent as a result of the improvement of RNOA which advanced from 13.52 to 17.37 percent, as well as to the increase of operating spread to 13.29 to meet a positive FLEV of 0.05,the result was a positive Return from non-operating activities which is added to the aver. ROE.
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The a average return on equity rose from 10.94 to 18.03 percent as a result of the improvement of RNOA which advanced from 13.52 to 17.37 percent, as well as to the increase of operating spread to 13.29 to meet a positive FLEV of 0.05,the result was a positive Return from non-operating activities which is added to the aver. ROE.
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Extra: Analyzing Profitability components
Reviewed by Badraldin Alhaj
on
September 05, 2017
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Reviewed by Badraldin Alhaj
on
September 05, 2017
Rating:
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