National Gypsum Co. reported a net profit after Zakat and tax of SAR 37.2 million for 2020, a more than threefold increase from SAR 10.9 million in 2019.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 70.18 | 103.76 | 47.8 % |
| Gross Income | 20.21 | 48.67 | 140.9 % |
| Operating Income | 11.94 | 35.71 | 199.1 % |
| Net Income | 10.91 | 31.77 | 191.3 % |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | 0.34 | 1.00 | 191.3 % |
The company attributed the profit rise to higher net sales by 52.5% and lower costs, which in turn contributed to improved profit margins.
In Q4 2020, the company's net profit after Zakat and tax declined 47% year-on-year (YoY) to SAR 5 million.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 24.92 | 21.37 | (14.2 %) |
| Gross Income | 11.61 | 6.92 | (40.4 %) |
| Operating Income | 9.26 | 1.17 | (87.4 %) |
| Net Income | 9.34 | (0.47) | (105.1 %) |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | 0.30 | (0.01) | (105.1 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 29.54 | 21.37 | (27.7 %) |
| Gross Income | 13.15 | 6.92 | (47.4 %) |
| Operating Income | 10.01 | 1.17 | (88.3 %) |
| Net Income | 9.35 | (0.47) | (105.1 %) |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | 0.30 | (0.01) | (105.1 %) |
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