Al Hassan Ghazi Ibrahim Shaker Co. reported a net profit after Zakat and tax of SAR 27.4 million for 2021, a 269% increase from SAR 9.5 million in the year-earlier period.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 932.70 | 1,002.74 | 7.5 % |
| Gross Income | 195.56 | 215.57 | 10.2 % |
| Operating Income | (2.41) | 34.50 | 1529.0 % |
| Net Income | 7.43 | 27.42 | 269.3 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | 0.13 | 0.49 | 269.3 % |
The profit rise was attributed to higher revenue driven by enhanced sales strategy, which resulted in maximizing sales in all core segments such as home appliances, ACs, B2B and ESCO.
In Q4 2021, the company turned to a profit of SAR 317,000 from a net loss of SAR 85,000 a year earlier.
Sequentially, net profit fell more than 97% from SAR 12.03 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 196.49 | 165.76 | (15.6 %) |
| Gross Income | 41.41 | 39.57 | (4.5 %) |
| Operating Income | (9.22) | 4.15 | 145.0 % |
| Net Income | (0.85) | 0.32 | 137.3 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.02) | 0.01 | 137.3 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 260.12 | 165.76 | (36.3 %) |
| Gross Income | 57.15 | 39.57 | (30.8 %) |
| Operating Income | 12.51 | 4.15 | (66.8 %) |
| Net Income | 12.03 | 0.32 | (97.4 %) |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | 0.22 | 0.01 | (97.4 %) |
Total shareholders’ equity, after minority interest, grew by 8.4% to SAR 622.94 million as of Dec. 31, 2021, from SAR 595.38 million a year earlier.
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