Al-Omran Industrial Trading Co.’s net profit dropped to SAR 5.8 million by the end of 2022, compared to SAR 9.9 million in the year-ago period
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 135.24 | 126.93 | (6.1 %) |
| Gross Income | 36.85 | 34.69 | (5.9 %) |
| Operating Income | 14.62 | 11.92 | (18.5 %) |
| Net Income | 9.94 | 5.79 | (41.7 %) |
| Average Shares | 10.21 | 10.21 | 0.0 % |
| EPS (Riyals) | 0.97 | 0.57 | (41.7 %) |
The year-on-year (YoY) decline is attributed to 6% lower sales, 21% higher general and administrative expenses, 6% decrease in sales costs, in addition to SAR 917,000 provisions.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 20.79 | 21.43 | 3.1 % |
| Gross Income | 10.40 | 8.13 | (21.9 %) |
| Operating Income | 3.02 | 1.41 | (53.1 %) |
| Net Income | 1.06 | (0.56) | (153.0 %) |
| Average Shares | 10.21 | 10.21 | 0.0 % |
| EPS (Riyals) | 0.10 | (0.05) | (153.0 %) |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 29.56 | 21.43 | (27.5 %) |
| Gross Income | 7.91 | 8.13 | 2.7 % |
| Operating Income | 1.96 | 1.41 | (27.9 %) |
| Net Income | 0.47 | (0.56) | (218.2 %) |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.05 | (0.05) | (218.2 %) |
Total shareholders' equity, excluding minority rights, amounted to SAR 115.46 million as of Dec. 31, 2022, compared to SAR 115.46 million a year earlier.
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