On TTM basis, the company`s net income rose by 21.35 percent on the last twelve months ended 30 June 2017, realizing 270,55 million riyals "6.01 riyal per share" as compared to the versus period of 222,96 million riyals. Revenues advanced 16.47 percent to 7,552,46 million riyals. Operating income increased 25.45 percent to 185,10 million riyals. The company`s ROE witnessed an increase from 21.31 to 23.05 percent through the last twelve months.
The average return on equity increased from 21.30 to 23.05 percent, as a result of the increase in return on net operating assets(RNOA) from 18.38 to 19.90 percent which is mainly attributed to the rise in Net operating profit margin(NOPM). As to the second part of the equation i.e. Net non-operating activities, contributed by 3.15 percent and recorded an increase with regard to the versus period due to the increase in FLEV together with a positive spread.
The average return on equity increased from 21.30 to 23.05 percent, as a result of the increase in return on net operating assets(RNOA) from 18.38 to 19.90 percent which is mainly attributed to the rise in Net operating profit margin(NOPM). As to the second part of the equation i.e. Net non-operating activities, contributed by 3.15 percent and recorded an increase with regard to the versus period due to the increase in FLEV together with a positive spread.
Read or download full article》
The average return on equity increased from 21.30 to 23.05 percent, as a result of the increase in return on net operating assets(RNOA) from 18.38 to 19.90 percent which is mainly attributed to the rise in Net operating profit margin(NOPM). As to the second part of the equation i.e. Net non-operating activities, contributed by 3.15 percent and recorded an increase with regard to the versus period due to the increase in FLEV together with a positive spread.
The average return on equity increased from 21.30 to 23.05 percent, as a result of the increase in return on net operating assets(RNOA) from 18.38 to 19.90 percent which is mainly attributed to the rise in Net operating profit margin(NOPM). As to the second part of the equation i.e. Net non-operating activities, contributed by 3.15 percent and recorded an increase with regard to the versus period due to the increase in FLEV together with a positive spread.
Read or download full article》
Al-othaim Supermarkets: Analyzing Profitability components
Reviewed by Badraldin Alhaj
on
September 04, 2017
Rating:
Reviewed by Badraldin Alhaj
on
September 04, 2017
Rating:
No comments:
Note: Only a member of this blog may post a comment.