Enma AlRawabi net profit down 6% to SAR 22 mln for 2021

17/03/2022 Argaam Exclusive

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19.94
(0.06) (0.30 %)

Enma AlRawabi Co. (ENMA ALRAWABI)

Enma AlRawabi Co. reported a net profit after Zakat and tax of SAR 22 million for 2021, a decline of 6%, from SAR 23.3 million in the year-earlier period.



Financials (M)

Item 2020 2021 Change‬
Revenues 42.53 38.98 (8.3 %)
Gross Income 29.24 28.31 (3.2 %)
Operating Income 24.91 23.21 (6.8 %)
Net Income 23.34 21.99 (5.8 %)
Average Shares 40.00 40.00 -
EPS (Riyals) 0.58 0.55 (5.8 %)

The earnings drop was driven by lower rent revenue on the COVID-19 outbreak, and higher general and administrative expenses (G&As).



Total shareholders’ equity, excluding minority interest, rose 4.65% to SAR 492.565 million in 2021 from SAR 470.68 million a year earlier.

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