Saudi Chemical Co. reported a net profit after Zakat and tax of SAR 40.8 million for the first quarter of 2021, an increase of 8% compared to the same period last year when it reported a profit of SAR 38 million.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 799.58 | 969.46 | 21.2 % |
| Gross Income | 130.14 | 128.94 | (0.9 %) |
| Operating Income | 54.30 | 60.82 | 12.0 % |
| Net Income | 37.97 | 40.83 | 7.5 % |
| Average Shares | 843.20 | 843.20 | - |
| EPS (Riyals) | 0.05 | 0.05 | 7.5 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 836.51 | 969.46 | 15.9 % |
| Gross Income | 73.80 | 128.94 | 74.7 % |
| Operating Income | (1.40) | 60.82 | 4438.2 % |
| Net Income | (22.96) | 40.83 | 277.8 % |
| Average Shares | 843.20 | 843.20 | - |
| EPS (Riyals) | (0.03) | 0.05 | 277.8 % |
The increase in net profit was attributed to the increase in sales of pharma and explosives segments, in addition to lower general and administrative expenses, despite an increase in Zakat provisions and selling and marketing expenses.
When compared to previous quarter, the company turned to profit in Q1 2021 from a loss of SAR 23 million.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}