Al Arabia profit surges to SAR 206.3 mln in 2021; Q4 up 51% to SAR 70.6 mln

03/03/2022 Argaam Exclusive

View other reports

Arabian Contracting Services Co. (Al Arabia) reported a net profit after Zakat and tax of SAR 206.3 million for 2021, over a seven-fold increase compared to SAR 25.2 million in the previous year.

The gain in net profit is attributed to the return to normalcy after the travel ban was lifted as tourist visas were issued and Umrah resumed.

In addition, schools and universities opened, and the Riyadh season started during Q4 2021. Moreover, the company reported the continuation of digital transformation and increased new projects and advertising spaces.

Financials (M)

Item	2020	2021	Change‬
Revenues	497.59	720.63	44.8 %
Gross Income	99.05	330.28	233.5 %
Operating Income	51.43	261.33	408.2 %
Net Income	25.20	206.25	718.4 %
Average Shares	55.00	55.00	-
Earnings Per Share before unusual items (Riyals)	0.46	3.75	718.4 %
EPS (Riyals)	0.46	3.75	718.4 %

The company reported a net profit of SAR 70.6 million in Q4 2021, a 51% increase from SAR 46.6 million in Q4 2020.

On a sequential basis, net profit grew 23.7% from SAR 57.1 million in Q3 2021.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2020	Q4 2021	Change‬
Revenues	175.83	226.13	28.6 %
Gross Income	69.60	107.32	54.2 %
Operating Income	52.03	89.90	72.8 %
Net Income	46.63	70.60	51.4 %
Average Shares	55.00	55.00	-
Earnings Per Share before unusual items (Riyals)	0.85	1.28	51.4 %
EPS (Riyals)	0.85	1.28	51.4 %

Item	Q3 2021	Q4 2021	Change‬
Revenues	188.39	226.13	20.0 %
Gross Income	86.76	107.32	23.7 %
Operating Income	68.84	89.90	30.6 %
Net Income	57.09	70.60	23.7 %
Average Shares	55.00	55.00	-
Earnings Per Share before unusual items (Riyals)	1.04	1.28	23.7 %
EPS (Riyals)	1.04	1.28	23.7 %

Total shareholders’ equity rose 39% to SAR 731.28 million as of Dec. 31, 2021, from SAR 526.42 million a year earlier.

View More Financial Results

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

×