Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 209 million for the first nine months of 2021, up 37% from SAR 152.5 million in the prior-year period.
The company attributed the profit rise to higher profit share from its subsidiary, National Petrochemical Industrial Co. (NATPET), and lower general and administrative expenses.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 10.51 | 16.54 | 57.4 % |
| Gross Income | 0.96 | 2.85 | 197.2 % |
| Operating Income | (22.17) | (14.91) | 32.7 % |
| Net Income | 152.53 | 209.00 | 37.0 % |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 2.20 | 3.02 | 37.0 % |
Alujain reported a net profit after Zakat and tax of SAR 56.7 million in Q3 2021, a more than threefold increase year-on-year (YoY), driven by a rise in profit share from NATPET.
On a sequential basis, Q3 2021 net profit plunged 38.2% on higher finance costs.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 3.26 | 6.53 | 100.4 % |
| Gross Income | 0.31 | 1.32 | 332.0 % |
| Operating Income | (7.75) | (1.86) | 76.0 % |
| Net Income | 15.92 | 56.74 | 256.4 % |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 0.23 | 0.82 | 256.4 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 5.25 | 6.53 | 24.6 % |
| Gross Income | 0.79 | 1.32 | 68.2 % |
| Operating Income | (8.90) | (1.86) | 79.1 % |
| Net Income | 91.96 | 56.74 | (38.3 %) |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 1.33 | 0.82 | (38.3 %) |
Total shareholders’ equity, excluding minority rights, amounted to SAR 1.900 billion in 9M 2021 compared to SAR 1.633 billion in the year-earlier period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}