Thob Al Aseel 2021 net profit down 28% to SAR 59.7 mln; Q4 earnings at SAR 7.7 mln

21/02/2022 Argaam Exclusive

Thob Al Aseel Co. posted a net profit after Zakat and tax of SAR 59.7 million in 2021, down 28%, from SAR 82.4 million a year earlier.



Financials (M)

Item 2020 2021 Change‬
Revenues 527.34 481.90 (8.6 %)
Gross Income 188.49 174.51 (7.4 %)
Operating Income 97.93 77.79 (20.6 %)
Net Income 82.39 59.73 (27.5 %)
Average Shares 400.00 400.00 -
EPS (Riyals) 0.21 0.15 (27.5 %)

The company attributed the profit decrease to lower sales due to signing a contract to supply medical supplies in 2020. It contributed SAR 133 million to the sales of the previous year. Excluding sales of medical supplies, the company achieved a sales growth rate of 12.2% in 2021.

 

Selling and marketing expenses increased in 2021 due to higher spending on promotional activities.

 

Government initiatives that mitigated the effects of COVID-19 were reflected positively on net profit during the previous year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 105.96 91.68 (13.5 %)
Gross Income 39.08 35.29 (9.7 %)
Operating Income 9.61 10.01 4.1 %
Net Income 6.63 7.69 16.0 %
Average Shares 400.00 400.00 -
EPS (Riyals) 0.02 0.02 16.0 %

In Q4 2021, the company reported a net profit after Zakat and tax of SAR 7.7 million, rising 16% year-on-year (YoY).

 

On a sequential basis, Q4 2021 net profit more than doubled from SAR 3.6 million.

 

Total shareholders’ equity, excluding minority interest, increased to SAR 579.2 million in 2021 from SAR 542.8 million a year ago.

View more financial results

 

View other reports

Share Price

Thob Al Aseel Co.
4.18
(0.02) (0.48 %)

Thob Al Aseel Co. (ALASEEL)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,672.00
Enterprise Value (EV) (M) 1,580.67
Shares Outstanding ((M)) 400.00
EPS ( Riyal) (TTM) 0.21
Book Value (BV) ( Riyal) 1.45
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 19.96
P/E (TTM) 19.96
Price/book 2.87
Return on Average Assets (%) (TTM) 12.2
Return on Average Equity (%) (TTM) 14.5
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