Al Kathiri Holding Co. reported a net profit after Zakat and tax of SAR 11.7 million for the first nine months of 2021, an increase of more than two times, compared to SAR 5 million in the year-earlier period.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 67.36 | 116.88 | 73.5 % |
| Gross Income | 15.19 | 33.07 | 117.8 % |
| Operating Income | 5.90 | 13.30 | 125.5 % |
| Net Income | 4.97 | 11.74 | 136.0 % |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | 2.33 | 5.19 | 123.3 % |
The profit soared due to higher revenue from sales growth and the eased COVID-19 precautionary measures in the Kingdom.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 26.55 | 41.48 | 56.2 % |
| Gross Income | 5.76 | 11.37 | 97.3 % |
| Operating Income | 2.55 | 5.44 | 113.5 % |
| Net Income | 2.64 | 4.49 | 70.2 % |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | 1.23 | 1.99 | 61.0 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 40.19 | 41.48 | 3.2 % |
| Gross Income | 11.81 | 11.37 | (3.7 %) |
| Operating Income | 3.37 | 5.44 | 61.5 % |
| Net Income | 3.07 | 4.49 | 46.2 % |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 1.36 | 1.99 | 46.2 % |
In Q3 2021, net profit after Zakat and tax jumped 72% to SAR 4.5 million from SAR 2.6 million a year earlier, thanks to higher revenue and a decline in the cost of raw materials.
When compared to the previous quarter, Q3 net profit increased by 46.2% from SAR 3.1 million.
Shareholders’ equity, after minority interest, increased to SAR 137.2 million as of Sept. 30, 2021, from SAR 76.1 million a year earlier.
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