Al-Omran Industrial Trading Co. reported net profit after Zakat and tax of SAR 1.66 million for the first half of 2020, a decline of 12% year-on-year (YoY), driven by Zakat provisions at SAR 1.2 million.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 61.45 | 93.30 | 51.8 % |
| Gross Income | 10.53 | 13.68 | 30.0 % |
| Operating Income | 2.79 | 3.48 | 24.9 % |
| Net Income | 1.94 | 1.67 | (13.9 %) |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.19 | 0.16 | (13.9 %) |
Net profit after Zakat and tax for the second quarter increased by 37.9% YoY to SAR 1.64 million, due to higher sales revenue especially in June after the Kingdom increased VAT.
On a quarter-on-quarter basis, the profit for the current quarter jumped 11.86%.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 37.85 | 61.72 | 63.1 % |
| Gross Income | 5.76 | 9.35 | 62.4 % |
| Operating Income | 1.71 | 3.03 | 77.1 % |
| Net Income | 1.22 | 1.63 | 33.3 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.12 | 0.16 | 33.3 % |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 31.58 | 61.72 | 95.4 % |
| Gross Income | 4.33 | 9.35 | 115.8 % |
| Operating Income | 0.45 | 3.03 | 571.4 % |
| Net Income | 0.04 | 1.63 | 4302.7 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.00 | 0.16 | 4302.7 % |
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