National Building and Marketing Co.’s (NBM) net profit after Zakat and tax soared more than four-fold to SAR 53.2 million for the first nine months of 2021, from SAR 12.8 million in the prior-year period, on higher volumes sold, improved average selling prices and lower direct costs.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 219.40 | 461.65 | 110.4 % |
| Gross Income | 21.50 | 69.36 | 222.7 % |
| Operating Income | 14.73 | 56.87 | 286.0 % |
| Net Income | 12.81 | 53.22 | 315.5 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 1.07 | 4.44 | 315.5 % |
Q3 2021 net profit after Zakat and tax increased by more than five-fold year-on-year (YoY) to SAR 28.1 million, driven by lower cost of building materials and subdued operating expenses.
On a quarterly basis, net earnings surged 91% from SAR 14.76 million.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 65.71 | 163.61 | 149.0 % |
| Gross Income | 6.72 | 33.60 | 400.1 % |
| Operating Income | 3.61 | 28.15 | 679.1 % |
| Net Income | 5.05 | 28.13 | 456.8 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 0.42 | 2.34 | 456.8 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 175.33 | 163.61 | (6.7 %) |
| Gross Income | 21.04 | 33.60 | 59.7 % |
| Operating Income | 16.90 | 28.15 | 66.6 % |
| Net Income | 14.76 | 28.13 | 90.6 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 1.23 | 2.34 | 90.6 % |
Total shareholders’ equity (excluding minority interest) jumped by 50.5% YoY to SAR 212.23 million for the nine-month period.
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