Almarai’s annual consolidated net profit after Zakat and tax jumped 10% to SAR 1.984 billion, from SAR 1.811 billion a year earlier, driven by a 7% year-on-year (YoY) revenue growth, mainly by foods, Long Life dairy and poultry.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 14,351.28 | 15,356.95 | 7.0 % |
| Gross Income | 5,366.67 | 5,535.51 | 3.1 % |
| Operating Income | 2,590.07 | 2,600.76 | 0.4 % |
| Net Income | 1,811.75 | 1,984.36 | 9.5 % |
| Average Shares | 1,000.00 | 1,000.00 | - |
| EPS (Riyals) | 1.81 | 1.98 | 9.5 % |
Q4 2020 net profit after Zakat and tax grew by 8% YoY to SAR 335.9 million, as revenue grew by 3.1% YoY, backed mainly by both fresh and Long Life dairy along with alfalfa sales. The growth was witnessed mainly in Egypt, Jordan and export countries.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 3,703.94 | 3,819.59 | 3.1 % |
| Gross Income | 1,293.51 | 1,232.43 | (4.7 %) |
| Operating Income | 533.32 | 507.41 | (4.9 %) |
| Net Income | 311.95 | 335.90 | 7.7 % |
| Average Shares | 1,000.00 | 1,000.00 | - |
| EPS (Riyals) | 0.31 | 0.34 | 7.7 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 3,863.08 | 3,819.59 | (1.1 %) |
| Gross Income | 1,514.70 | 1,232.43 | (18.6 %) |
| Operating Income | 789.70 | 507.41 | (35.7 %) |
| Net Income | 621.52 | 335.90 | (46.0 %) |
| Average Shares | 1,000.00 | 1,000.00 | - |
| EPS (Riyals) | 0.62 | 0.34 | (46.0 %) |
When compared to the previous quarter, the Saudi dairy producer’s net profit plunged 46% on lower sales due to seasonality factors.
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