National Fertilizer Co. (MOBI) posted a net profit after Zakat and tax of SAR 12.2 million in H1 2021, a rise of 10% compared with SAR 11.1 million a year earlier.
The company attributed the profit growth to a 5% increase in sales and a decrease in losses of bad debts of SAR 1.57 million, as well as lower financing expenses of SAR 347,862.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 96.03 | 86.90 | (9.5 %) |
| Gross Income | 31.35 | 27.44 | (12.5 %) |
| Operating Income | 11.35 | 12.36 | 8.9 % |
| Net Income | 11.05 | 12.21 | 10.4 % |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Riyals) | 0.22 | 0.24 | 10.4 % |
Shareholders' equity, excluding minority rights, amounted to SAR 66.29 million in H1 2021, compared to SAR 68.75 million in the same period last year.
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