However, the company managed to achieve a positive growth of 16.12 percent on the last twelve months (TTM) ended 30 June 2017, to a net income of 2164.33 million riyals as compared to the corresponding period of 1863.87 million riyals.
The average return on equity ROE 14.26 percent increased because of the growth in operating profitability(RNOA) from 12.24 to 14.57 percent by the end of June 2017 as well as operating spread which is up from 4.19 to 12.02 percent. The rise in RNOA is mainly due to the growth in asset turnover.
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The average return on equity ROE 14.26 percent increased because of the growth in operating profitability(RNOA) from 12.24 to 14.57 percent by the end of June 2017 as well as operating spread which is up from 4.19 to 12.02 percent. The rise in RNOA is mainly due to the growth in asset turnover.
Read or download the article》
Yansab: Analyzing Profitability and Productivity
Reviewed by Badraldin Alhaj
on
August 23, 2017
Rating:
Reviewed by Badraldin Alhaj
on
August 23, 2017
Rating:
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