National Building and Marketing Co. reported a net profit after Zakat and tax of SAR 25.1 million for the first six months of 2021, over a two-fold increase, from SAR 7.8 million in the year-earlier period.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 153.70 | 298.03 | 93.9 % |
| Gross Income | 14.78 | 35.76 | 142.0 % |
| Operating Income | 11.12 | 28.72 | 158.2 % |
| Net Income | 7.76 | 25.09 | 223.5 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 0.65 | 2.09 | 223.5 % |
The company attributed the profit increase to improved economic condition for the building materials segment, on the back of higher sales of the metal industries segment due to increased quantities sold in the market and higher average selling prices.
In addition, profit margin rose to 12% from 9.6% in the same period a year earlier, as well as lower financial charges.
| Item | Q2 2020 | Q2 2021 | Change |
|---|
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 122.71 | 175.33 | 42.9 % |
| Gross Income | 14.72 | 21.04 | 42.9 % |
| Operating Income | 11.82 | 16.90 | 42.9 % |
| Net Income | 10.33 | 14.76 | 42.9 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 0.86 | 1.23 | 42.9 % |
Shareholders' equity, excluding minority rights, reached 184 million in the six-month period, compared to SAR 159 million in the same period last year.
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