Sadr Logistics Co.’s net profit after Zakat and tax increased by 40% to SAR 3.6 million in 2021, compared to SAR 2.6 million in 2020.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 54.28 | 73.23 | 34.9 % |
| Gross Income | 14.68 | 21.34 | 45.4 % |
| Operating Income | 3.92 | 5.53 | 41.1 % |
| Net Income | 2.58 | 3.60 | 39.6 % |
| Average Shares | 153.96 | 175.00 | 13.7 % |
| EPS (Riyals) | 0.02 | 0.02 | 22.8 % |
The profit rise was due to higher sales in steel, wood, and logistics segments.
The company’s net profit fell 90% year-on-year to SAR 80,000 in Q4 2021.
Sequentially, net profit declined from SAR 2.7 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 21.58 | 21.24 | (1.6 %) |
| Gross Income | 4.90 | 3.66 | (25.4 %) |
| Operating Income | 1.81 | 0.64 | (64.9 %) |
| Net Income | 0.81 | 0.08 | (89.8 %) |
| Average Shares | 153.96 | 175.00 | 13.7 % |
| EPS (Riyals) | 0.01 | 0.00 | (91.0 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 21.03 | 21.24 | 1.0 % |
| Gross Income | 9.25 | 3.66 | (60.5 %) |
| Operating Income | 3.41 | 0.64 | (81.4 %) |
| Net Income | 2.67 | 0.08 | (96.9 %) |
| Average Shares | 153.96 | 175.00 | 13.7 % |
| EPS (Riyals) | 0.02 | 0.00 | (97.3 %) |
Total shareholders' equity, excluding minority interest, rose to SAR 182.9 million during the period, compared to SAR 34.3 million in 2020.
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