Al-Omran Industrial Trading Co. reported a net profit after Zakat and tax of SAR 9.9 million in 2021, a sharp rise from SAR 807,000 in the previous year, due to lower cost of sales and general & administrative expenses.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 139.36 | 135.24 | (3.0 %) |
| Gross Income | 30.07 | 36.85 | 22.5 % |
| Operating Income | 3.68 | 14.62 | 297.4 % |
| Net Income | 0.81 | 9.94 | 1131.1 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.08 | 0.97 | 1131.1 % |
The company turned to a net profit after Zakat and tax of SAR 1.1 million in Q4 2021, versus a loss of SAR 2.8 million in Q4 2020.
On a sequential basis, the Q4 earnings dipped 35.2% from SAR 1.63 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 23.02 | 20.79 | (9.7 %) |
| Gross Income | 8.64 | 10.40 | 20.4 % |
| Operating Income | (2.59) | 3.02 | 216.7 % |
| Net Income | (2.80) | 1.06 | 137.7 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | (0.27) | 0.10 | 137.7 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 32.60 | 20.79 | (36.2 %) |
| Gross Income | 7.68 | 10.40 | 35.4 % |
| Operating Income | 2.58 | 3.02 | 17.1 % |
| Net Income | 1.63 | 1.06 | (35.1 %) |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.16 | 0.10 | (35.1 %) |
Shareholders’ equity, after minority interest, increased to SAR 115.783 million as of Dec. 31, 2021, from SAR 107.029 million a year earlier.
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