Al-Omran’s 2021 profit soars to SAR 9.9 mln; Q4 at SAR 1.1 mln

29/03/2022 Argaam Exclusive

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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.

Financials (M)

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.

Current Quarter Comparison (M)

Compared With The

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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