Naqi Water Co., which is planned to be listed on the Saudi Exchange (Tadawul), posted a net profit of SAR 10 million for Q1 2022, a fall of 25%, compared to SAR 13.3 million a year earlier.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 57.55 | 60.22 | 4.6 % |
| Gross Income | 21.55 | 18.27 | (15.2 %) |
| Operating Income | 13.76 | 9.91 | (28.0 %) |
| Net Income | 13.00 | 9.95 | (23.5 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.65 | 0.50 | (23.5 %) |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 62.80 | 60.22 | (4.1 %) |
| Gross Income | 23.98 | 18.27 | (23.8 %) |
| Operating Income | 13.09 | 9.91 | (24.3 %) |
| Net Income | 14.27 | 9.95 | (30.3 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.71 | 0.50 | (30.3 %) |
The profit decline was due to higher cost of sales and operating expenses, as well as lower operating income. This is despite an increase in sales and other income, in addition lower cost of finance.
Total shareholders’ equity, excluding minority interest, amounted to SAR 217.88 million as of March 31, 2022, compared to SAR 207.93 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}