Saudi Vitrified Clay Pipes Co. (SVCP) reported a surge in Q1 2022 net profit after Zakat and tax to SAR 1.3 million, from SAR 230,000 in Q1 2021, due to an increase in other revenue following the receipt of an advance payment of insurance compensation.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 24.75 | 18.54 | (25.1 %) |
| Gross Income | 7.13 | 2.89 | (59.5 %) |
| Operating Income | 0.94 | (2.69) | (387.0 %) |
| Net Income | 0.23 | 1.28 | 457.2 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.02 | 0.09 | 457.2 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 21.11 | 18.54 | (12.2 %) |
| Gross Income | 5.53 | 2.89 | (47.8 %) |
| Operating Income | 0.30 | (2.69) | (1008.2 %) |
| Net Income | 0.91 | 1.28 | 40.1 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.06 | 0.09 | 40.1 % |
When compared to Q4 2021, the company net profit after Zakat and tax jumped 39.4% from SAR 0.91 million.
Shareholders’ equity, excluding minority interest, declined to SAR 278.21 million by the end of Q1 2022, compared to SAR 279.21 million in the year-ago period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}