Saudi Vitrified Clay Pipes Co. (SVCP) reported net profit after Zakat and tax of SAR 10.7 million in 2020, up 22% from SAR 8.8 million a year earlier.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 122.62 | 123.37 | 0.6 % |
| Gross Income | 38.10 | 39.97 | 4.9 % |
| Operating Income | 11.99 | 13.04 | 8.7 % |
| Net Income | 8.78 | 10.68 | 21.6 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.59 | 0.71 | 21.6 % |
The profit increase was driven by higher revenue and lower cost of goods sold (COGS).
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 40.60 | 26.70 | (34.2 %) |
| Gross Income | 14.65 | 8.59 | (41.4 %) |
| Operating Income | 5.75 | 1.48 | (74.3 %) |
| Net Income | 5.10 | 1.50 | (70.6 %) |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.34 | 0.10 | (70.6 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 28.09 | 26.70 | (4.9 %) |
| Gross Income | 8.00 | 8.59 | 7.4 % |
| Operating Income | 1.83 | 1.48 | (18.9 %) |
| Net Income | 0.91 | 1.50 | 65.7 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.06 | 0.10 | 65.7 % |
The Q4 2020 net profit after Zakat and tax plunged 70% to SAR 1.5 million, from SAR 5.1 million in prior year period.
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