National Building & Marketing Co. (NBM) reported a net profit after Zakat and tax of SAR 2.1 million for H1 2020, a plunge of 75% year-on-year (YoY), from SAR 8.6 million in a year-earlier period.
The profit fall was attributed to lower sales and an increase in raw material costs, due to the COVID-19 pandemic.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 79.68 | 153.70 | 92.9 % |
| Gross Income | 13.91 | 14.78 | 6.3 % |
| Operating Income | 11.99 | 11.12 | (7.2 %) |
| Net Income | 8.56 | 7.76 | (9.3 %) |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 0.71 | 0.65 | (9.3 %) |
The company said that shareholders’ equity, excluding minority interest, stood at SAR 131.5 million in the first half of the year, declining 3.3% from SAR 136 million in H1 2019.
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