Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) reported a net profit after Zakat and tax of SAR 27.1 million for the first nine months of 2021 from SAR 8.3 million a year earlier, thanks to higher sales revenue and operating profit.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 736.21 | 836.98 | 13.7 % |
| Gross Income | 154.15 | 176.00 | 14.2 % |
| Operating Income | 6.81 | 30.35 | 345.9 % |
| Net Income | 8.28 | 27.11 | 227.5 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | 0.15 | 0.49 | 227.5 % |
In Q3 2021, net profit after Zakat and tax rose to SAR 12 million from SAR 3.6 million in the year-ago period, supported by higher revenue and topline growth.
Sequentially, the company's Q3 2021 net profit climbed 37.6% from SAR 8.76 million.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 247.47 | 260.12 | 5.1 % |
| Gross Income | 52.67 | 57.15 | 8.5 % |
| Operating Income | 3.97 | 12.51 | 215.1 % |
| Net Income | 3.59 | 12.03 | 235.6 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | 0.06 | 0.22 | 235.6 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 289.48 | 260.12 | (10.1 %) |
| Gross Income | 61.33 | 57.15 | (6.8 %) |
| Operating Income | 15.20 | 12.51 | (17.7 %) |
| Net Income | 8.76 | 12.03 | 37.4 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | 0.16 | 0.22 | 37.4 % |
Total shareholders' equity, excluding minority rights, fell 1.2% year-on-year (YoY) to SAR 623.27 million in 9M 2021.
Accumulated losses during the current period amounted to SAR 147.66 million, or 23.4% of the company's capital.
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