Al-Jouf Agricultural Development Co. reported an over twofold increase in net profit after Zakat and tax to SAR 18.4 million for H1 2020, from SAR 7.7 million a year earlier, on higher sales and profit margins.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 94.33 | 118.09 | 25.2 % |
| Gross Income | 25.38 | 48.14 | 89.7 % |
| Operating Income | 8.78 | 31.83 | 262.4 % |
| Net Income | 7.69 | 18.42 | 139.4 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.26 | 0.61 | 139.4 % |
The second-quarter net profit after Zakat and tax surged to SAR 11.9 million, from SAR 1.2 million in Q2 2019, buoyed by a rise in sales and profit margins despite higher other expenses.
On a sequential basis, net profit surged 81.3% driven by sales growth.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 44.69 | 71.97 | 61.0 % |
| Gross Income | 9.39 | 28.98 | 208.7 % |
| Operating Income | 1.26 | 20.07 | 1487.7 % |
| Net Income | 1.16 | 11.87 | 920.0 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.04 | 0.40 | 920.0 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 46.13 | 71.97 | 56.0 % |
| Gross Income | 19.16 | 28.98 | 51.2 % |
| Operating Income | 11.76 | 20.07 | 70.6 % |
| Net Income | 6.54 | 11.87 | 81.4 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.22 | 0.40 | 81.4 % |
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