SISCO Q1 2021 net profit jumps 21% to SAR 32.3 mln

02/05/2021 Argaam Exclusive

Saudi Industrial Services Co. (SISCO) announced a net profit after Zakat and tax of SAR 32.3 million for Q1 2021, a rise of 21% from SAR 26.6 million in the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 167.29 258.30 54.4 %
Gross Income 53.17 134.88 153.7 %
Operating Income 13.41 94.75 606.6 %
Net Income 26.60 32.28 21.3 %
Average Shares 81.60 81.60 -
EPS (Riyals) 0.33 0.40 21.3 %

The quarterly figures were driven by a revenue growth of 54.4% year-on-year (YoY), amid the strong top-line performance of the ports segment. SISCO also reported an over twofold increase YoY in the first-quarter gross profit and a higher profit share from associates.

When compared to Q4 2020, the company’s net profit after Zakat and tax grew by 15% from SAR 28 million, thanks to an increase in gross profit, and the one off reversal of old liabilities worth SAR 4.6 million during Q1 2021.

 

Adjusting for the impact of accounting construction revenue, which does not impact gross profit or net income, revenue grew by 5.8% when compared to the previous quarter.

 

 

Shareholders’ equity, excluding minority interest, grew by 8.2% to SAR 1.206 billion by the end of Q1 2021, compared to SAR 1.114 billion in the year-ago period.

View other reports

Share Price

Sustained Infrastructure Holding Co.
29.35
(0.25) (0.84 %)

Sustained Infrastructure Holding Co. (SISCO HOLDING)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,394.96
Enterprise Value (EV) (M) 3,660.13
Shares Outstanding ((M)) 81.60
EPS ( Riyal) (TTM) (0.16)
Book Value (BV) ( Riyal) 17.76
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 44.56
P/E (TTM) NEG
Price/book 1.65
Return on Average Assets (%) (TTM) (0.23 )
Return on Average Equity (%) (TTM) (0.89 )
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