Alujain turns to SAR 152.5 mln profit in 9M 2020

28/10/2020 Argaam Exclusive

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Share Price

40.00
0.40 1.01 %

Alujain Corp. (ALUJAIN)

Alujain Holding Corp. reported net profit after Zakat and tax of SAR 152.5 million for the first nine months of 2020, versus net loss of SAR 258.2 million in prior-year period, driven by profit share from associate company, NATPET.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 18.00 10.51 (41.6 %)
Gross Income 4.17 0.96 (77.0 %)
Operating Income (4.99) (22.17) (344.2 %)
Net Income (258.18) 152.53 159.1 %
Average Shares 69.20 69.20 -
EPS (Riyals) (3.73) 2.20 159.1 %


Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 6.69 3.26 (51.2 %)
Gross Income 1.61 0.31 (80.9 %)
Operating Income (1.57) (7.75) (392.9 %)
Net Income (108.46) 15.92 114.7 %
Average Shares 69.20 69.20 -
EPS (Riyals) (1.57) 0.23 114.7 %

Alujain reported net profit after Zakat and tax of SAR 15.9 million in Q3 2020, versus net loss of SAR 108.46 million in year-earlier period, backed by profit share of associate company NATPET, despite higher general and administrative expenses (G&As).

 

On a sequential basis, Q3 2020 net profit plunged 91.3%.

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