Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 60.3 million for the first quarter of 2021, from a net loss of SAR 46.4 million for the same period last year.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 4.63 | 4.76 | 2.7 % |
| Gross Income | 0.62 | 0.74 | 20.7 % |
| Operating Income | (10.41) | (4.15) | 60.1 % |
| Net Income | (46.37) | 60.30 | 230.1 % |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | (0.67) | 0.87 | 230.1 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 3.87 | 4.76 | 22.9 % |
| Gross Income | 0.38 | 0.74 | 95.3 % |
| Operating Income | 56.30 | (4.15) | (107.4 %) |
| Net Income | 54.75 | 60.30 | 10.1 % |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 0.79 | 0.87 | 10.1 % |
The company attributed the net profit to realizing a net profit in its 57.4%-owned subsidiary, National Petrochemical Industries Company (NATPET), compared to net loss during the same quarter of the previous year.
When compared to previous quarter, net profit in Q1 2021 grew 10.1% on higher share in NATPET’s net profit.
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