Also, on TTM basis the company`s net income increased by 20.41 percent on the last twelve months ended 30 June 2017, realizing 175,91 million riyals "2.35 riyal per share" as compared to the versus period of 146,09 million riyals. The main point is that, the company`s ROE witnessed an increase from 13.80 to 15.66 percent through the last twelve months.
The average return on equity increased from 13.80 to 15.66 percent, such increase is produced by the growth in return on net operating assets(RNOA) from 13.80 to 15.66 percent which is supported mainly by the rise in NOPM due to the improvement in gross profit margin and operating margin. The company had no financial obligations and no FLEV as well, nor an Net borrowing cost of course, a accordingly RNOA equals ROE.
The average return on equity increased from 13.80 to 15.66 percent, such increase is produced by the growth in return on net operating assets(RNOA) from 13.80 to 15.66 percent which is supported mainly by the rise in NOPM due to the improvement in gross profit margin and operating margin. The company had no financial obligations and no FLEV as well, nor an Net borrowing cost of course, a accordingly RNOA equals ROE.
Gasco: Reading on Av. ROE
Reviewed by Badraldin Alhaj
on
August 27, 2017
Rating:
Reviewed by Badraldin Alhaj
on
August 27, 2017
Rating:
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