Al-Omran reports net profit of SAR 807,000 for 2020

31/03/2021 Argaam Exclusive

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Al-Omran Industrial Trading Co. reported net profit after Zakat and tax of SAR 807,000 for 2020, an increase of more than two-fold from SAR 306,000 a year earlier.

The profit increase is driven by 12% rise in sales, despite higher provisions for credit losses.

Financials (M)

Item	2019	2020	Change‬
Revenues	115.22	139.36	21.0 %
Gross Income	20.90	30.07	43.9 %
Operating Income	3.36	3.68	9.5 %
Net Income	0.31	0.81	163.7 %
Average Shares	10.21	10.21	-
EPS (Riyals)	0.03	0.08	163.7 %

The company widened its net loss after Zakat and tax to SAR 2.8 million in Q4 2020, compared to a loss of SAR 1.32 million in the year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	22.72	23.02	1.3 %
Gross Income	5.73	8.64	50.8 %
Operating Income	0.57	(2.59)	(551.5 %)
Net Income	(1.32)	(2.80)	(111.3 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	(0.13)	(0.27)	(111.3 %)

Item	Q3 2020	Q4 2020	Change‬
Revenues	23.04	23.02	(0.1 %)
Gross Income	7.75	8.64	11.5 %
Operating Income	2.79	(2.59)	(192.9 %)
Net Income	1.94	(2.80)	(244.4 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.19	(0.27)	(244.4 %)

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