National Building & Marketing Co. (NBM) posted a net profit after Zakat and tax of SAR 23.3 million for 2020, compared to a net profit of SAR 6.2 million a year earlier.
The net profit rise was driven by an increase in sales volumes and other revenues. The full-year financials were also backed by the positive impact of the increase in the company’s profit share from sister companies to SAR 7.16 million.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 170.81 | 286.73 | 67.9 % |
| Gross Income | 15.84 | 38.41 | 142.6 % |
| Operating Income | 12.83 | 29.83 | 132.6 % |
| Net Income | 6.22 | 30.45 | 389.3 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 0.52 | 2.54 | 389.3 % |
In Q4 2020, the company reported a net profit after Zakat and tax of SAR 3.6 million, against a net loss of SAR 13.55 million a year earlier.
Shareholders’ equity, excluding minority interest, rose 30.96% to SAR 169.48 million in 2020, from SAR 129.42 million a year earlier.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 34.77 | 67.33 | 93.6 % |
| Gross Income | (11.40) | 16.91 | 248.4 % |
| Net Income | (13.55) | 17.64 | 230.2 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | (1.13) | 1.47 | 230.2 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 65.71 | 67.33 | 2.5 % |
| Gross Income | 6.72 | 16.91 | 151.7 % |
| Operating Income | 3.61 | 15.09 | 317.8 % |
| Net Income | 5.05 | 17.64 | 249.1 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 0.42 | 1.47 | 249.1 % |
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