Al-Hasoob net profit rises 8% to SAR 12 mln in 2021

29/03/2022 Argaam Exclusive

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Al-Hasoob Co. reported a net profit after Zakat and tax of SAR 12 million in 2021, an increase of 8% from SAR 11 million a year earlier.

Financials (M)

Item	2020	2021	Change‬
Revenues	255.37	256.46	0.4 %
Gross Income	20.13	24.10	19.7 %
Operating Income	11.73	12.81	9.2 %
Net Income	11.03	11.95	8.3 %
Average Shares	2.80	2.80	-
EPS (Riyals)	3.94	4.27	8.3 %

The earnings rise was driven by lower cost of sales.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2020	H2 2021	Change‬
Revenues	134.63	146.27	8.6 %
Gross Income	11.44	13.99	22.4 %
Operating Income	6.86	6.79	(0.9 %)
Net Income	6.44	6.28	(2.4 %)
Average Shares	2.80	2.80	-
EPS (Riyals)	2.30	2.24	(2.4 %)

Item	H1 2021	H2 2021	Change‬
Revenues	110.18	146.27	32.8 %
Gross Income	10.11	13.99	38.5 %
Operating Income	6.02	6.79	12.9 %
Net Income	5.67	6.28	10.9 %
Average Shares	2.80	2.80	-
EPS (Riyals)	2.02	2.24	10.9 %

Total shareholders’ equity, excluding minority interest, increased to SAR 29.1 million in 2021, from SAR 25.2 million a year earlier.

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