Alujain 9M 2021 net profit rises 37% to SAR 209 mln

02/11/2021 Argaam Exclusive
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Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 209 million for the first nine months of 2021, up 37% from SAR 152.5 million in the prior-year period.

 

The company attributed the profit rise to higher profit share from its subsidiary, National Petrochemical Industrial Co. (NATPET), and lower general and administrative expenses. 



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 10.51 16.54 57.4 %
Gross Income 0.96 2.85 197.2 %
Operating Income (22.17) (14.91) 32.7 %
Net Income 152.53 209.00 37.0 %
Average Shares 69.20 69.20 -
EPS (Riyals) 2.20 3.02 37.0 %

Alujain reported a net profit after Zakat and tax of SAR 56.7 million in Q3 2021, a more than threefold increase year-on-year (YoY), driven by a rise in profit share from NATPET.

 

On a sequential basis, Q3 2021 net profit plunged 38.2% on higher finance costs.



Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 3.26 6.53 100.4 %
Gross Income 0.31 1.32 332.0 %
Operating Income (7.75) (1.86) 76.0 %
Net Income 15.92 56.74 256.4 %
Average Shares 69.20 69.20 -
EPS (Riyals) 0.23 0.82 256.4 %

Total shareholders’ equity, excluding minority rights, amounted to SAR 1.900 billion in 9M 2021 compared to SAR 1.633 billion in the year-earlier period.

 

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Share Price

36.75
(0.05) (0.14 %)

Alujain Corp. (ALUJAIN)

Created with Highstock 6.0.710:1010:2010:3010:4010:5011:1011:2011:3011:5012:1012:2012:3012:4012:5013:1013:2013:3014:0014:1014:2014:4014:5015:1036.536.5536.636.6536.736.7536.836.8536.936.953737.0537.1
Close : 36.75 | Jan 12, 15:18

Current
Market Cap (M Riyal) 2,543.10
Enterprise Value (EV) (M) 2,966.01
Shares Outstanding ((M)) 69.20
EPS ( Riyal) (TTM) (0.01)
Book Value (BV) ( Riyal) 52.14
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 0.70
Return on Average Assets (%) (TTM) (0.01 )
Return on Average Equity (%) (TTM) (0.02 )

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