Gas Arabian Services net profit drops 18% to SAR 60.1 mln in 2021

10/03/2022 Argaam Exclusive

Gas Arabian Services Co. posted an 18% drop in its 2021 net profit after Zakat and tax to SAR 60.1 million, compared to SAR 73.3 million a year earlier.



Financials (M)

Item 2020 2021 Change‬
Revenues 322.01 386.46 20.0 %
Gross Income 117.06 104.70 (10.6 %)
Operating Income 66.50 37.36 (43.8 %)
Net Income 73.31 60.06 (18.1 %)
Average Shares 158.00 158.00 -
EPS (Riyals) 0.46 0.38 (18.1 %)

The lower profit was attributed to an increase in the cost of revenue during 2021, as the cost of supplying the materials used in technical support and maintenance services projects rose on an annual basis.

 

The company also reported higher general and administrative expenses in 2021, amid the positive impact of the government initiatives, through the financial support of SANED programs, among others, that mitigated the COVID-19 impacts on the 2020 net profit.



Current Half Annual Comparison (M)

Compared With The
Item H2 2020 H2 2021 Change‬
Revenues 191.88 246.58 28.5 %
Gross Income 90.84 73.86 (18.7 %)
Operating Income 64.86 39.56 (39.0 %)
Net Income 63.82 44.62 (30.1 %)
Average Shares 158.00 158.00 -
EPS (Riyals) 0.40 0.28 (30.1 %)

Shareholders' equity, after minority interest, amounted to SAR 278.166 million, compared to SAR 240.359 million a year earlier.

View More Financial Results

 

View other reports

Share Price

Gas Arabian Services Co.
18.40
0.16 0.88 %

Gas Arabian Services Co. (GAS)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,907.20
Enterprise Value (EV) (M) 2,816.14
Shares Outstanding ((M)) 158.00
Book Value (BV) ( Riyal) 2.28
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 35.68
Price/book 8.06
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request