Saudi Automotive Services Co. (SASCO) reported a net profit after Zakat and tax of SAR 12 million for the first quarter of 2021, an increase of 48% compared to the same period last year when it reported a profit of SAR 8.1 million.
The increase in net profit was attributed to higher revenue and investment revenue, along with a decrease in Zakat expense.
This was offset by an increase in selling and marketing expenses, general and administrative expenses, and financing costs, along with lower other income.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 641.07 | 750.54 | 17.1 % |
| Gross Income | 30.32 | 37.65 | 24.2 % |
| Operating Income | 17.13 | 23.53 | 37.4 % |
| Net Income | 8.12 | 12.01 | 47.9 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.14 | 0.20 | 47.9 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 610.97 | 750.54 | 22.8 % |
| Gross Income | 34.26 | 37.65 | 9.9 % |
| Operating Income | 19.59 | 23.53 | 20.1 % |
| Net Income | 10.12 | 12.01 | 18.7 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.17 | 0.20 | 18.7 % |
When compared to previous quarter, net profit in Q1 2021 grew almost 19% in Q1 2021.
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}}