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.
| 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.
| 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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