Electrical Industries Co. reported a net profit after Zakat and tax of SAR 25.1 million for the first nine months of 2021, compared to a net loss after Zakat and tax of SAR 4 million in the same period last year.
The company attributed the net profit to higher sales and the diversification of sold products, including products with higher profitability.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 397.20 | 541.08 | 36.2 % |
| Gross Income | 58.71 | 103.12 | 75.6 % |
| Operating Income | 10.64 | 36.33 | 241.5 % |
| Net Income | (3.96) | 25.09 | 734.2 % |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | (0.35) | 2.23 | 734.2 % |
The company reported a net profit of SAR 10.1 million for Q3 2021, a 50% year-on-year (YoY) increase.
On a sequential basis, net profit grew 26.8% QoQ from SAR 8 million in Q2 2021.
Total shareholders' equity, excluding minority interests, rose 3.5% YoY to SAR 567.61 million as of Sept. 30, 2021.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 148.07 | 207.63 | 40.2 % |
| Gross Income | 24.81 | 41.90 | 68.9 % |
| Operating Income | 10.69 | 14.42 | 34.9 % |
| Net Income | 6.77 | 10.14 | 49.7 % |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | 0.60 | 0.90 | 49.7 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 165.62 | 207.63 | 25.4 % |
| Gross Income | 29.81 | 41.90 | 40.5 % |
| Operating Income | 10.46 | 14.42 | 37.9 % |
| Net Income | 8.00 | 10.14 | 26.8 % |
| Average Shares | 1,125.00 | 1,125.00 | - |
| EPS (Halala) | 0.71 | 0.90 | 26.8 % |
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