Financial Results : SASCO net profit up 48% to SAR 12 mln in Q1 2021

SASCO net profit up 48% to SAR 12 mln in Q1 2021

06/05/2021 Argaam Exclusive

View other reports

Saudi Automotive Services Co. (SASCO) reported a net profit after Zakat and tax of SAR 12 million for the first quarter of 2021, an increase of 48% compared to the same period last year when it reported a profit of SAR 8.1 million.

 

The increase in net profit was attributed to higher revenue and investment revenue, along with a decrease in Zakat expense.

 

This was offset by an increase in selling and marketing expenses, general and administrative expenses, and financing costs, along with lower other income.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 641.07 750.54 17.1 %
Gross Income 30.32 37.65 24.2 %
Operating Income 17.13 23.53 37.4 %
Net Income 8.12 12.01 47.9 %
Average Shares 70.00 70.00 -
EPS (Riyals) 0.12 0.17 47.9 %

When compared to previous quarter, net profit in Q1 2021 grew almost 19% in Q1 2021.

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.