Amlak International for Real Estate Finance, a Saudi-based non-bank real estate finance company, reported a net profit of SAR 29.5 million in Q1 2020, compared to SAR 3.6 million in the same quarter last year.
|
Income Statement (SAR mln) |
|||
|
Period |
Q1 2019 |
Q1 2020 |
Variation (%) |
|
Gross income of Murabaha & Ijara contracts |
68.3 |
75.3 |
+10% |
|
Net profit |
3.6 |
29.5 |
+720% |
|
Number of shares (mln) |
90.6 |
90.6 |
-- |
|
EPS (SAR/share) |
0.04 |
0.33 |
+720% |
The increase in net profit was attributed to a decrease in financing charges from SAR 24.1 million to SAR 13.4 million.
The company’s earnings included an adjusted profit of SAR 8.7 million, due to deferring loan installments, in accordance with the Saudi Arabian Monetary Authority’s (SAMA) program to support the private sector.
Meanwhile, Zakat expenses fell to nearly SAR 3.8 million in Q1 2020 from SAR 20.4 million a year earlier.
|
Income Statement since 2015 (SAR mln) |
|||||
|
Period |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Revenues |
209.5 |
260.4 |
267.4 |
267.1 |
296.3 |
|
Net profit |
102.9 |
109.0 |
103.3 |
61.2 |
70.0 |
|
Number of shares (mln) |
90.0 |
90.0 |
90.3 |
90.6 |
90.6 |
|
EPS (SAR/share) |
1.14 |
1.21 |
1.14 |
0.68 |
0.77 |
|
Balance Sheet since 2015 (SAR mln) |
|||||
|
Period |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Cash & Cash equivalent |
10.3 |
9.3 |
29.6 |
16.0 |
7.9 |
|
Total assets |
3030.4 |
3289.5 |
3327.1 |
3263.5 |
3405.2 |
|
Total loans |
1854.7 |
2102.3 |
2072.2 |
1994.1 |
2080.4 |
|
Total liabilities |
1932.6 |
2156.2 |
2157.8 |
2136.6 |
2279.9 |
|
Capital |
900.0 |
900.0 |
903.0 |
906.0 |
906.0 |
|
Shareholders’ equity |
1097.9 |
1133.3 |
1169.3 |
1126.9 |
1125.3 |
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