Al-Jouf Agricultural Development Co. reported a net profit after Zakat and tax of SAR 15.2 million for Q1 2022, a more than three-fold increase, from SAR 3.8 million in the prior-year period.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 61.36 | 60.41 | (1.6 %) |
| Gross Income | 12.48 | 31.88 | 155.5 % |
| Operating Income | 3.79 | 17.90 | 372.7 % |
| Net Income | 3.84 | 15.23 | 297.0 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.13 | 0.51 | 297.0 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 95.79 | 60.41 | (36.9 %) |
| Gross Income | 20.34 | 31.88 | 56.8 % |
| Operating Income | 7.23 | 17.90 | 147.5 % |
| Net Income | 6.77 | 15.23 | 124.9 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.23 | 0.51 | 124.9 % |
This earnings rise was driven by an improved profit margin, lower cost of some products, and a 155.46% surge year-on-year (YoY) in gross profit. This came despite lower sales, higher selling and distribution expense, and an increase in general and administrative cost.
On a sequential basis, net profit more than doubled from SAR 6.77 million in Q4 2021, thanks to better gross profit margins.
Total shareholders’ equity, excluding minority interest, grew 5.1% YoY to SAR 642.8 million in the first three months of 2022.
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}}