However, on TTM basis, the company`s net income declined 8.46 percent on the last twelve months ended 30 June 2017, to 144.77 million riyals "0.39 riyals per share" as compared to the versus period of a net income of 158.15 million riyals. Revenues rose 5.2 percent to 3712.95 million riyals, where operating income increased 28.1 percent to 564.52 million riyals. Consequently the company`s aver. ROE recorded a decline from 2.74 to 2.57 percent during the last twelve months.
The a average return on equity declined from 18.07 to 14.17 percent mainly on the impacts of the decrease of RNOA which is retreated from 3.05 to 2.46 percent due to the fall in NOPM, although return from non-operating activities score a positive figure but it was limited effects. Also the positive operating spread contribution was the same. As a result of the above aver. ROE declined.
The a average return on equity declined from 18.07 to 14.17 percent mainly on the impacts of the decrease of RNOA which is retreated from 3.05 to 2.46 percent due to the fall in NOPM, although return from non-operating activities score a positive figure but it was limited effects. Also the positive operating spread contribution was the same. As a result of the above aver. ROE declined.
Sipchem: comments on Av.ROE Performance
Reviewed by Badraldin Alhaj
on
September 05, 2017
Rating:
Reviewed by Badraldin Alhaj
on
September 05, 2017
Rating:
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