The National Company for Glass Industries (Zoujaj) swung to a net profit after Zakat and tax of SAR 19.2 million for the first half of 2021, against a net loss of SAR 7.7 million in the prior-year period.
The positive results were backed by an increase in the company’s profit share from associates operating in the float glass sector due to better performance.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 41.13 | 38.79 | (5.7 %) |
| Gross Income | 3.39 | 2.78 | (18.0 %) |
| Operating Income | (1.73) | (3.11) | (79.7 %) |
| Net Income | (7.78) | 19.84 | 354.9 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | (0.24) | 0.60 | 354.9 % |
In Q2 2021, the company turned to a net profit after Zakat and tax of SAR 10.3 million, against a net loss of SAR 10.1 million a year earlier.
When compared to the previous quarter, net profit after Zakat and tax jumped 15.7% from SAR 8.9 million.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 19.01 | 16.75 | (11.9 %) |
| Gross Income | 0.90 | 0.64 | (28.6 %) |
| Operating Income | (1.61) | (2.78) | (72.4 %) |
| Net Income | (10.07) | 10.05 | 199.7 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | (0.31) | 0.31 | 199.7 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 22.03 | 16.75 | (24.0 %) |
| Gross Income | 2.13 | 0.64 | (69.9 %) |
| Operating Income | (0.33) | (2.78) | (746.6 %) |
| Net Income | 9.79 | 10.05 | 2.6 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | 0.30 | 0.31 | 2.6 % |
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