AI Summary
Morabaha Marina Financing Co. posted a net profit of SAR 9 million (SAR 0.32 per share) for the first quarter of 2021, up 43% compared to SAR 6.3 million in year-earlier period.
|
Income Statement (SAR mln) |
|||
|
Item |
Q1 2020 |
Q1 2021 |
Variation % |
|
Special Commission Income |
25.9 |
29.4 |
+13% |
|
Net Commission Income |
16.5 |
24.1 |
+46% |
|
Other Revenue |
3.8 |
4.1 |
+6% |
|
Net Profit |
6.3 |
9.0 |
+43% |
|
Average Number of Shares |
28.05 |
28.05 |
-- |
|
EPS (SAR) |
0.22 |
0.32 |
+43% |
The profit growth is attributed to a 46% increase in net commission income, driven by lower special commission charges.
|
Income Statement (SAR mln) |
||||
|
Item |
Special Commission Income |
Net Commission Income |
Net Profit |
EPS (SAR) |
|
2020 |
||||
|
Q1 |
25.9 |
16.5 |
6.2 |
0.22 |
|
Q2 |
20.8 |
19.0 |
5.8 |
0.21 |
|
Q3 |
22.4 |
21.8 |
11.2 |
0.40 |
|
Q4 |
36.5 |
23.5 |
10.7 |
0.38 |
|
2021 |
||||
|
Q1 |
29.4 |
24.2 |
9.0 |
0.32 |
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