The company`s net income remarkably increases on TTM basis by 204.32 percent on the last twelve months ended 30 June 2017, realizing 767.44 million riyals "0.51 riyal per share" as compared to the versus period of a loss of (735.61) million riyals. The company`s ROE posted an increase from a negative figure (5.63) to 5.81 percent through the last twelve months.
The a average return on equity rose because of the increase in operating profitability (RNOA) from (0.21) to 4.45percent, as well as to the rise in operating spread from a negative figure (2.98) to 0.78 percent supported by the growth of RNOA over the NBC and a positive FLEV to yield eventually a contribution of 1.36 percent to ROE from Return from net non-operating activities as compared to a negative return of (5.42). RNOA increased mainly due to the NOPM growth together with a limited boost from NOAT.
Kayan: Performance on the light of TTM results
Reviewed by Badraldin Alhaj
on
August 26, 2017
Rating:
Reviewed by Badraldin Alhaj
on
August 26, 2017
Rating:
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