Al Naqool reports SAR 4 mln net profit in H1 2021

23/08/2021 Argaam Exclusive

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Share Price

Mohammed Hasan AlNaqool Sons Co.
43.00
0.25 0.58 %

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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Mohammed Hasan AlNaqool Sons Co. reported net profit after Zakat and tax of SAR 4 million for the first six months of 2021, an increase of more than two-fold, compared to SAR 1.5 million in year-earlier period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 18.80 23.25 23.6 %
Gross Income 2.82 6.04 114.2 %
Operating Income 1.57 4.16 165.0 %
Net Income 1.52 4.04 166.2 %
Average Shares 2.90 2.90 -
EPS (Riyals) 0.52 1.39 166.2 %

The profit increase was driven by higher revenue from increased sales, in addition to easing the precautionary measures related to the COVID-19 lockdown in the Kingdom.


Shareholders' equity, excluding minority rights, stood at SAR 35.96 million in H1 2021, a 25.3% YoY increase.
 

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