Financial Results : Al-Omran reports 20% profit drop to SAR 2.3 mln in Q1 2022

Al-Omran reports 20% profit drop to SAR 2.3 mln in Q1 2022

19/05/2022 Argaam Exclusive

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Al-Omran Industrial Trading Co. reported a net profit after Zakat and tax of SAR 2.3 million in Q1 2022, a fall of 20% from SAR 2.8 million in the year-earlier period, due to higher cost of sales.  



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 38.65 41.48 7.3 %
Gross Income 9.00 8.41 (6.6 %)
Operating Income 3.76 3.48 (7.6 %)
Net Income 2.84 2.26 (20.4 %)
Average Shares 10.21 10.21 0.0 %
EPS (Riyals) 0.28 0.22 (20.4 %)

The first-quarter net profit after Zakat and tax more than doubled from SAR 1 million in Q4 2021, driven by better sales.

 

Shareholders’ equity, after minority interest, increased to SAR 117.59 million by the end of Q1 2022, from SAR 109.43 million a year earlier.

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