National Building posts net profit of SAR 23.3 mln in 2020

31/03/2021 Argaam Exclusive

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National Building & Marketing Co. (NBM) posted a net profit after Zakat and tax of SAR 23.3 million for 2020, compared to a net profit of SAR 6.2 million a year earlier.

The net profit rise was driven by an increase in sales volumes and other revenues. The full-year financials were also backed by the positive impact of the increase in the company’s profit share from sister companies to SAR 7.16 million.

Financials (M)

Item	2019	2020	Change‬
Revenues	170.81	286.73	67.9 %
Gross Income	15.84	38.41	142.6 %
Operating Income	12.83	29.83	132.6 %
Net Income	6.22	30.45	389.3 %
Average Shares	12.00	12.00	-
EPS (Riyals)	0.52	2.54	389.3 %

In Q4 2020, the company reported a net profit after Zakat and tax of SAR 3.6 million, against a net loss of SAR 13.55 million a year earlier.

Shareholders’ equity, excluding minority interest, rose 30.96% to SAR 169.48 million in 2020, from SAR 129.42 million a year earlier.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2019	H2 2020	Change‬
Revenues	91.13	133.04	46.0 %
Gross Income	1.93	23.63	1125.2 %
Operating Income	0.83	18.71	2141.3 %
Net Income	(2.33)	22.69	1072.1 %
Average Shares	12.00	12.00	-
EPS (Riyals)	(0.19)	1.89	1072.1 %

Item	H1 2020	H2 2020	Change‬
Revenues	153.70	133.04	(13.4 %)
Gross Income	14.78	23.63	59.9 %
Operating Income	11.12	18.71	68.2 %
Net Income	7.76	22.69	192.5 %
Average Shares	12.00	12.00	-
EPS (Riyals)	0.65	1.89	192.5 %

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