Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 55.8 million for the first quarter of 2022, down 8% from SAR 60.3 million a year earlier.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 4.76 | 509.37 | 10607.8 % |
| Gross Income | 0.74 | 160.13 | 21480.3 % |
| Operating Income | (4.15) | 89.26 | 2249.7 % |
| Net Income | 60.30 | 55.78 | (7.5 %) |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 0.87 | 0.81 | (7.5 %) |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 502.76 | 509.37 | 1.3 % |
| Gross Income | 116.24 | 160.13 | 37.8 % |
| Operating Income | 72.55 | 89.26 | 23.0 % |
| Net Income | 1,413.31 | 55.78 | (96.1 %) |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 20.42 | 0.81 | (96.1 %) |
The company attributed the profit decline to higher finance cost.
When compared to the previous quarter, net profit fell 96% from 1.413 billion.
Total shareholders’ equity, after minority interest, reached 2.649 billion at the end of Q1 2022, up 51.2% from SAR 1.751 billion a year earlier.
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