Al-Jouf Agricultural Development Co. reported net profit after Zakat and tax of SAR 3.8 million for Q1 2021, a 41% decline from a profit of SAR 6.5 million in the same period last year.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 46.13 | 61.36 | 33.0 % |
| Gross Income | 19.16 | 12.48 | (34.9 %) |
| Operating Income | 11.76 | 3.79 | (67.8 %) |
| Net Income | 6.54 | 3.84 | (41.4 %) |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.22 | 0.13 | (41.4 %) |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 56.06 | 61.36 | 9.5 % |
| Gross Income | 11.38 | 12.48 | 9.7 % |
| Operating Income | (9.22) | 3.79 | 141.1 % |
| Net Income | 1.76 | 3.84 | 117.8 % |
| Average Shares | 30.00 | 30.00 | - |
| EPS (Riyals) | 0.06 | 0.13 | 117.8 % |
The decline was driven by lower profit margins on increased product cost, lower gross profit and higher selling and distribution costs.
When compared to the previous quarter, the company swung to profit from SAR 4.7 million losses in Q4 2020.
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}}