Mohammed Hasan Al Naqool Sons Co., which was recently listed on Nomu – Parallel Market, reported a net profit of SAR 6.48 million for 2020, a 3.6% increase, compared to SAR 6.25 million in 2019.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 34.35 | 44.84 | 30.5 % |
| Gross Income | 8.59 | 10.21 | 18.8 % |
| Operating Income | 6.32 | 6.58 | 4.1 % |
| Net Income | 6.25 | 6.48 | 3.6 % |
| Average Shares | 2.90 | 2.90 | - |
| EPS (Riyals) | 2.16 | 2.23 | 3.6 % |
The company attributed increase in net profit to higher revenue and lower financing charge, despite increase in cost of sales, general and administrative expenses and increased Zakat provision for 2020.
Shareholders’ equity, excluding minority interest, stood at SAR 41.02 million as of Dec. 31, 2020, compared to SAR 34.44 million a year earlier.
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