Financial Results : National Building net profit up to SAR 25.1 mln in H1 2021

National Building net profit up to SAR 25.1 mln in H1 2021

12/09/2021 Argaam Exclusive

View other reports

National Building and Marketing Co. reported a net profit after Zakat and tax of SAR 25.1 million for the first six months of 2021, over a two-fold increase, from SAR 7.8 million in the year-earlier period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 153.70 298.03 93.9 %
Gross Income 14.78 35.76 142.0 %
Operating Income 11.12 28.72 158.2 %
Net Income 7.76 25.09 223.5 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.65 2.09 223.5 %

The company attributed the profit increase to improved economic condition for the building materials segment, on the back of higher sales of the metal industries segment due to increased quantities sold in the market and higher average selling prices.

 

In addition, profit margin rose to 12% from 9.6% in the same period a year earlier, as well as lower financial charges.



Current Half Annual Comparison (M)

Compared With The
Item H1 2020 H1 2021 Change‬
Revenues 153.70 298.03 93.9 %
Gross Income 14.78 35.76 142.0 %
Operating Income 11.12 28.72 158.2 %
Net Income 7.76 25.09 223.5 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.65 2.09 223.5 %

Shareholders' equity, excluding minority rights, reached 184 million in the six-month period, compared to SAR 159 million in the same period last year.

 

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.


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
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.