Al-Hassan Ghazi Ibrahim Shaker Co. (Shaker) reported a net profit of SAR 9.5 million for 2020, against a net loss of SAR 49.8 million in the prior-year period.
The company realized profitable results in 2020 for the first time since 2016 as revenue rose 5.6% year-on-year (YoY) to SAR 933 million, as well as lower operating and other expenses due to reduction in employee expenses and successful cost optimization measure.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 882.82 | 932.70 | 5.6 % |
| Gross Income | 165.65 | 195.56 | 18.1 % |
| Operating Income | (26.20) | (2.41) | 90.8 % |
| Net Income | (49.79) | 7.43 | 114.9 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.90) | 0.13 | 114.9 % |
Moreover, Shaker’s profit share of invested companies improved by SAR 9 million to SAR 26 million in 2020, compared to SAR 17 million a year earlier.
The company reported a net profit of SAR 1.7 million in Q4 2020.
Total shareholders' equity, excluding minority rights, rose 1.3% to SAR 632 million in 2020, compared to SAR 624 million in 2019.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 184.12 | 196.49 | 6.7 % |
| Gross Income | 35.29 | 41.41 | 17.4 % |
| Operating Income | (4.40) | (9.22) | (109.7 %) |
| Net Income | (7.39) | (0.85) | 88.5 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.13) | (0.02) | 88.5 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 247.47 | 196.49 | (20.6 %) |
| Gross Income | 52.67 | 41.41 | (21.4 %) |
| Operating Income | 3.97 | (9.22) | (332.3 %) |
| Net Income | 3.59 | (0.85) | (123.7 %) |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | 0.06 | (0.02) | (123.7 %) |
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