Al Kathiri Holding Co. reported net profit after Zakat and tax of SAR 4.2 million in Q1 2021, up 16% from SAR 3.6 million in the same period last year.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 25.57 | 35.21 | 37.7 % |
| Gross Income | 7.48 | 9.90 | 32.3 % |
| Operating Income | 4.06 | 4.50 | 10.7 % |
| Net Income | 3.63 | 4.18 | 15.1 % |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | 1.70 | 1.85 | 8.9 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 37.08 | 35.21 | (5.0 %) |
| Gross Income | 11.78 | 9.90 | (16.0 %) |
| Operating Income | 4.46 | 4.50 | 0.9 % |
| Net Income | 4.69 | 4.18 | (10.8 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 2.07 | 1.85 | (10.8 %) |
The company attributed the profit rise to higher revenues as production and supply operations were affected in Q1 2020 due to the COVID-19 pandemic.
When compared to Q4 2020, net profit dropped 10.3% due to high pre-operating costs for establishing the 3D panels factory in Sudair City for Industry and Business.
Shareholders equity, after deducting minority interest, by the end of Q1 2021 stood at SAR 129.7 million compared to SAR 74.83 million in the year-earlier period.
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