BinDawood Holding net profit down 42% to SAR 227.4 mln in 9M 2021

09/11/2021 Argaam Exclusive

BinDawood Holding Co. reported a net profit after Zakat and tax of SAR 227.4 million for the first nine months of 2021, a fall of 42% from SAR 390.3 million in the year-earlier period.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 4,043.29 3,325.05 (17.8 %)
Gross Income 1,312.84 1,170.06 (10.9 %)
Operating Income 443.05 292.97 (33.9 %)
Net Income 390.33 227.35 (41.8 %)
Average Shares 1,143.00 1,143.00 -
EPS (Riyals) 0.34 0.20 (41.8 %)

The profit decline came as 9M revenue fell 17.8% year-on-year (YoY), mainly due to higher revenue in first half of 2020, which was unseasonably high due to the effect of pantry-buying in response to the COVID-19 pandemic, bulk buying in anticipation of VAT change as of July 1, and restrictions on international travel.



Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 1,082.48 1,077.81 (0.4 %)
Gross Income 356.27 397.30 11.5 %
Operating Income 84.11 93.25 10.9 %
Net Income 78.65 70.24 (10.7 %)
Average Shares 1,143.00 1,143.00 -
EPS (Riyals) 0.07 0.06 (10.7 %)

In Q3 2021, net profit after Zakat and tax decreased by 11% to SAR 70.2 million from SAR 78.7 million a year earlier, hit by

 

When compared to the previous quarter, Q3 net profit saw a decline of 26% to SAR 95 million.

 

Shareholders’ equity, after minority interest, fell 6% to SAR 1.397 billion as of Sept. 30, 2021, from SAR 1.486 billion a year earlier.

View more financial results

 

View other reports

Share Price

BinDawood Holding Co.
6.84
0.07 1.03 %

BinDawood Holding Co. (BINDAWOOD)

More


Financial Ratios
Current
Market Cap (M Riyal) 7,818.12
Enterprise Value (EV) (M) 7,387.41
Shares Outstanding ((M)) 1,143.00
EPS ( Riyal) (TTM) 0.25
Book Value (BV) ( Riyal) 1.26
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 27.29
P/E (TTM) 27.29
Price/book 5.43
Return on Average Assets (%) (TTM) 5.6
Return on Average Equity (%) (TTM) 20.2
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