The National Co. for Glass Industries (Zoujaj) reported a net profit after Zakat and tax of SAR 72.4 million for the first half of 2022, a rise of over three times from SAR 19.8 million in the corresponding period last year.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 38.79 | 50.97 | 31.4 % |
| Gross Income | 2.78 | 7.16 | 158.1 % |
| Operating Income | (3.11) | 0.68 | 121.9 % |
| Net Income | 19.84 | 72.37 | 264.7 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | 0.60 | 2.20 | 264.7 % |
The increase in net profit was backed by the company’s higher profit share from associates operating in the float glass sector, in addition to better revenue and operating profit of the core glass container business activity.
In Q2 2022, net profit after Zakat and tax skyrocketed to SAR 37.1 million, compared to SAR 10 million a year earlier.
Sequentially, net profit jumped 5.2% from SAR 35.28 million.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 16.75 | 22.70 | 35.5 % |
| Gross Income | 0.64 | 2.29 | 255.9 % |
| Operating Income | (2.78) | (0.91) | 67.2 % |
| Net Income | 10.05 | 37.09 | 269.2 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | 0.31 | 1.13 | 269.2 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 28.28 | 22.70 | (19.7 %) |
| Gross Income | 4.88 | 2.29 | (53.1 %) |
| Operating Income | 1.59 | (0.91) | (157.2 %) |
| Net Income | 35.28 | 37.09 | 5.1 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | 1.07 | 1.13 | 5.1 % |
Total shareholders’ equity, after minority interest, rose to SAR 679.7 million as of June 30, 2022, from SAR 610.2 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}