Saudi Automotive Services Co. (SASCO) reported a net profit after Zakat and tax of SAR 35.5 million in the first nine months of 2021, an increase of 18% from SAR 30 million in the year-earlier period.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 1,525.27 | 2,847.23 | 86.7 % |
| Gross Income | 116.00 | 109.00 | (6.0 %) |
| Operating Income | 84.75 | 73.65 | (13.1 %) |
| Net Income | 30.01 | 35.50 | 18.3 % |
| Average Shares | 70.00 | 70.00 | - |
| EPS (Riyals) | 0.43 | 0.51 | 18.3 % |
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 586.83 | 1,140.82 | 94.4 % |
| Gross Income | 39.68 | 36.41 | (8.2 %) |
| Operating Income | 28.34 | 23.55 | (16.9 %) |
| Net Income | 17.45 | 11.40 | (34.6 %) |
| Average Shares | 70.00 | 70.00 | - |
| EPS (Riyals) | 0.25 | 0.16 | (34.6 %) |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 955.87 | 1,140.82 | 19.3 % |
| Gross Income | 34.94 | 36.41 | 4.2 % |
| Operating Income | 26.06 | 23.55 | (9.6 %) |
| Net Income | 12.08 | 11.40 | (5.6 %) |
| Average Shares | 70.00 | 70.00 | - |
| EPS (Riyals) | 0.17 | 0.16 | (5.6 %) |
The company reported a net profit after Zakat and tax of SAR 11.4 million for Q3 2021, a decline of 35% year-on-year (YoY).
On a sequential basis, Q3 net profit fell 5.6%.
Total shareholders’ equity, excluding minority interests, edged down 1.3% YoY to SAR 811.31 million as of Sept. 30, 2021.
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