Al-Omran net profit jumps to SAR 7.2 mln in H1 2021

12/08/2021 Argaam Exclusive

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Al-Omran Industrial Trading Co. reported net profit after Zakat and tax of SAR 7.2 million in H1 2021, over three-fold increase from a net profit of SAR 1.7 million in the prior-year period.

The profit hike was attributed to the decrease in the cost of sales and the increase in selling prices.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	93.30	81.85	(12.3 %)
Gross Income	13.68	18.77	37.2 %
Operating Income	3.48	9.02	159.3 %
Net Income	1.67	7.25	335.2 %
Average Shares	10.21	10.21	-
EPS (Riyals)	0.16	0.71	335.2 %

The company reported a net profit after Zakat and tax of SAR 4.4 million for Q2 2021, an increase of 166%, compared to the same quarter last year.

On a sequential basis, Q2 2021 net profit rose 56%.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	61.72	43.20	(30.0 %)
Gross Income	9.35	9.77	4.5 %
Operating Income	3.03	5.26	73.6 %
Net Income	1.63	4.42	171.0 %
Average Shares	10.21	10.21	-
EPS (Riyals)	0.16	0.43	171.0 %

Item	Q1 2021	Q2 2021	Change‬
Revenues	38.65	43.20	11.8 %
Gross Income	9.00	9.77	8.6 %
Operating Income	3.76	5.26	39.7 %
Net Income	2.84	4.42	55.5 %
Average Shares	10.21	10.21	-
EPS (Riyals)	0.28	0.43	55.5 %

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