SAIC 2021 net profit surges to SAR 91.1 mln; Q4 rises to SAR 25.6 mln

13/03/2022 Argaam Exclusive

Saudi Advanced Industries Co.’s (SAIC) net profit after Zakat and tax registered a nearly four-fold rise to SAR 91.1 million in 2021, compared to SAR 26.1 million in 2020.

 

The higher profit was due to an annual rise in profit shares from subsidiaries despite a fall in dividend distribution, as well as a reduction in Zakat expenses and financial costs. However, the firm reported an increase in general and administrative expenses and a decline in other revenues year-on-year (YoY).



Financials (M)

Item 2020 2021 Change‬
Revenues 36.78 101.48 175.9 %
Gross Income 36.78 101.48 175.9 %
Operating Income 29.07 92.58 218.5 %
Net Income 26.07 91.13 249.6 %
Average Shares 60.00 60.00 -
EPS (Riyals) 0.43 1.52 249.6 %

The company’s Q4 2021 net profit after Zakat and tax rose to SAR 25.6 million from SAR 5.5 million in the same period last year.

 

Sequentially, net profit fell 19.1% from SAR 31.67 million in Q3 2021.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 9.75 26.57 172.6 %
Gross Income 9.75 26.57 172.6 %
Operating Income 7.66 24.03 213.9 %
Net Income 5.53 25.62 363.7 %
Average Shares 60.00 60.00 -
EPS (Riyals) 0.09 0.43 363.7 %

Total shareholders’ equity, excluding minority interest, rose 11.69% YoY to SAR 937.94 million.

View more financial results

 

View other reports

Share Price

Saudi Advanced Industries Co.
36.65
0.10 0.27 %

Saudi Advanced Industries Co. (SAIC)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,199.00
Enterprise Value (EV) (M) 1,704.76
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) 5.45
Book Value (BV) ( Riyal) 20.33
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 6.76
P/E (TTM) 6.84
Price/book 1.80
Return on Average Assets (%) (TTM) 27.3
Return on Average Equity (%) (TTM) 29.4
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