Al-Omran Industrial Trading Co. reported net profit after Zakat and tax of SAR 3.6 million for the first nine months of 2020, up by more than two-fold year-on-year (YoY), driven by lower cost of sales, higher sales revenue especially in June due to increasing value-added tax (VAT).
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 92.50 | 116.34 | 25.8 % |
| Gross Income | 15.17 | 21.43 | 41.3 % |
| Operating Income | 2.79 | 6.27 | 124.9 % |
| Net Income | 1.63 | 3.60 | 121.1 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.16 | 0.35 | 121.1 % |
Al-Omran reported net profit after Zakat and tax of SAR 1.9 million in Q3 2020, versus net loss of SAR 288,116 in year-earlier period, backed by lower cost of sales.
On a sequential basis, Q3 2020 net profit rose 17.4%.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 31.05 | 23.04 | (25.8 %) |
| Gross Income | 4.64 | 7.75 | 66.8 % |
| Operating Income | 0.00 | 2.79 | 278500.0 % |
| Net Income | (0.31) | 1.94 | 734.8 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | (0.03) | 0.19 | 734.8 % |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 61.72 | 23.04 | (62.7 %) |
| Gross Income | 9.35 | 7.75 | (17.2 %) |
| Operating Income | 3.03 | 2.79 | (8.0 %) |
| Net Income | 1.63 | 1.94 | 18.8 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.16 | 0.19 | 18.8 % |
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