Al Kathiri Holding Co. reported a net profit after Zakat and tax of SAR 9.7 million in 2020, down 40%, compared to a profit of SAR 16 million in 2019.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 89.47 | 104.44 | 16.7 % |
| Gross Income | 27.90 | 26.97 | (3.3 %) |
| Operating Income | 17.85 | 10.36 | (42.0 %) |
| Net Income | 16.02 | 9.66 | (39.7 %) |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | 7.49 | 4.27 | (42.9 %) |
The decline in profit was attributed to increase in operating, production, and raw material expenses, along with higher general and administrative expenses. The firm also noted incurring a one-time expense related to the process of capital increase through rights issue.
The Q4 2020 net profit rose 9% year-on-year (YoY) to SAR 4.7 million.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 26.36 | 37.08 | 40.6 % |
| Gross Income | 7.81 | 11.78 | 50.8 % |
| Operating Income | 5.04 | 4.46 | (11.5 %) |
| Net Income | 4.29 | 4.69 | 9.1 % |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | 2.01 | 2.07 | 3.2 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 26.55 | 37.08 | 39.6 % |
| Gross Income | 5.76 | 11.78 | 104.5 % |
| Operating Income | 2.55 | 4.46 | 75.0 % |
| Net Income | 2.64 | 4.69 | 77.6 % |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | 1.23 | 2.07 | 68.0 % |
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