Al Yamamah Steel Industries Co. posted a net profit after Zakat and tax of SAR 167.7 million for the nine-month period ended June 30, 2021, compared to a net profit of SAR 25.4 million a year earlier.
The profit rise was attributed to 26.61% year-on-year (YoY) increase in selling prices of the products in the construction sector, along with a decline in selling and marketing expenses.
The profit increase was offset by 33% YoY decline in sales volume.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 1,393.71 | 1,293.39 | (7.2 %) |
| Gross Income | 127.83 | 284.03 | 122.2 % |
| Operating Income | 65.60 | 223.11 | 240.1 % |
| Net Income | 25.41 | 167.75 | 560.2 % |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | 0.50 | 3.30 | 560.2 % |
Q3 2020/21 net profit after Zakat and tax soared to SAR 65.1 million, from SAR 932,000 in the same period the previous year.
On a quarterly basis, Q3 2020/21 net profit rose 8.4% from SAR 60 million.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 394.99 | 405.50 | 2.7 % |
| Gross Income | 32.45 | 103.81 | 219.9 % |
| Operating Income | 12.68 | 82.98 | 554.5 % |
| Net Income | 0.93 | 65.06 | 6880.6 % |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | 0.02 | 1.28 | 6880.6 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 453.02 | 405.50 | (10.5 %) |
| Gross Income | 100.98 | 103.81 | 2.8 % |
| Operating Income | 79.47 | 82.98 | 4.4 % |
| Net Income | 60.02 | 65.06 | 8.4 % |
| Average Shares | 50.80 | 50.80 | - |
| EPS (Riyals) | 1.18 | 1.28 | 8.4 % |
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