Ladun Investment Co., which will be listed on Nomu-Paralell Market, reported a net profit of SAR 69.9 million for the first nine months of 2021, compared to a net profit of SAR 1.8 million a year earlier.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 352.75 | 526.71 | 49.3 % |
| Gross Income | 52.50 | 53.53 | 2.0 % |
| Operating Income | 4.80 | 9.26 | 93.1 % |
| Net Income | 1.78 | 69.88 | 3819.2 % |
| Average Shares | 500.00 | 500.00 | - |
| EPS (Riyals) | 0.00 | 0.14 | 3819.2 % |
The profit growth was spurred by a 49.3% rise year-on-year (YoY) in revenue.
Ladun realized gains from sale of financial assets during the nine-month period at SAR 2.9 million, against net losses of SAR 5.1 million in the year-ago period.
The company also exited its stake in 3Bees Co., recording gains of SAR 61.9 million.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 176.73 | 124.30 | (29.7 %) |
| Gross Income | 24.28 | 17.67 | (27.2 %) |
| Operating Income | 5.77 | (1.22) | (121.1 %) |
| Net Income | 4.81 | (3.61) | (175.0 %) |
| Average Shares | 500.00 | 500.00 | - |
| EPS (Riyals) | 0.01 | (0.01) | (175.0 %) |
| Item | Q2 2021 | Q3 2021 | Change |
|---|
Shareholders’ equity, after minority interest, stood at SAR 510.031 million.
Retained earnings reached SAR 11.169 million, or 2.2% of the company’s capital as of Sept. 30, 2021.
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