AYYAN Investment Co.’s net profit after Zakat and tax skyrocketed to SAR 30.8 million in 2020, compared to a net profit of SAR 726,292 a year earlier, backed by higher revenue, increased gross profit, and recording profit from investments.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 245.51 | 255.32 | 4.0 % |
| Gross Income | 69.38 | 67.87 | (2.2 %) |
| Operating Income | (6.30) | 1.73 | 127.4 % |
| Net Income | (1.28) | 27.29 | 2225.7 % |
| Average Shares | 49.00 | 73.73 | 50.5 % |
| EPS (Riyals) | (0.03) | 0.37 | 1512.7 % |
In Q4 2020, the company swung to a net profit after Zakat and tax of SAR 1.79 million, compared to a net loss of SAR 4.97 million in Q4 2019.
Shareholders’ equity, after minority rights, increased 45.24% year-on-year (YoY) to SAR 750.80 million in 2020.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 69.00 | 64.62 | (6.3 %) |
| Gross Income | 24.10 | 16.45 | (31.8 %) |
| Operating Income | (6.56) | (1.32) | 80.0 % |
| Net Income | (6.88) | (1.76) | 74.4 % |
| Average Shares | 49.00 | 73.73 | 50.5 % |
| EPS (Riyals) | (0.14) | (0.02) | 83.0 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 65.95 | 64.62 | (2.0 %) |
| Gross Income | 18.98 | 16.45 | (13.3 %) |
| Operating Income | 2.11 | (1.32) | (162.4 %) |
| Net Income | 9.19 | (1.76) | (119.2 %) |
| Average Shares | 73.73 | 73.73 | - |
| EPS (Riyals) | 0.12 | (0.02) | (119.2 %) |
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