Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) reported a net profit of SAR 6.3 million, compared to a net loss of SAR 1.5 million in the year-earlier period.
The higher profit was driven by 30% year-on-year (YoY) increase in revenue and higher profit share from associates.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 220.98 | 288.30 | 30.5 % |
| Gross Income | 49.36 | 57.63 | 16.8 % |
| Operating Income | (5.17) | 1.07 | 120.7 % |
| Net Income | (2.93) | 6.32 | 315.9 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.05) | 0.11 | 315.9 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 196.49 | 288.30 | 46.7 % |
| Gross Income | 41.41 | 57.63 | 39.2 % |
| Operating Income | (9.22) | 1.07 | 111.6 % |
| Net Income | (0.85) | 6.32 | 843.5 % |
| Average Shares | 55.50 | 55.50 | - |
| EPS (Riyals) | (0.02) | 0.11 | 843.5 % |
When compared to Q4 2020, the company’s net profit rose 15.2%, thanks to higher sales, lower finance costs and increased profit share from associates.
Shareholders’ equity, excluding minority interest, rose 2.7% to SAR 639 million by the end of Q1 2021, compared to SAR 662.3 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}}