Fawaz Abdulaziz Alhokair Co.’s net profit rose 24% to SAR 58 million in the three-month period ended June 30, 2022, after minority interest, from SAR 46.9 million a year earlier.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 1,700.71 | 1,386.73 | (18.5 %) |
| Gross Income | 332.60 | 181.32 | (45.5 %) |
| Operating Income | 124.55 | 59.28 | (52.4 %) |
| Net Income | 46.88 | (40.79) | (187.0 %) |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | 0.41 | (0.36) | (187.0 %) |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Average Shares | 114.77 | 114.77 | - |
This was driven by a 9.3% year-on-year (YoY) decline in selling, general and administrative expenses (SG&As), a YoY drop of 37.2% in depreciation and amortization and increased net other operating income. The company also cited a 5.7% lower net financing cost.
Revenues held ground at SAR 1.705 billion, compared to SAR 1.700 billion in the first quarter of the fiscal year.
On a sequential basis, the company turned to profit versus a net loss of SAR 40.59 million in the previous quarter.
Total shareholders’ equity, after minority interest, stood at SAR 676.4 million by the end of the three-month period, compared to SAR 609.4 million in the year-earlier period.
Attached Documents:
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}}