Al-Omran Industrial Trading Co. reported a net profit after Zakat and tax of SAR 5.9 million in H1 2022, a slump of 19% compared to SAR 7.3 million in the prior-year period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 81.85 | 75.94 | (7.2 %) |
| Gross Income | 18.77 | 18.65 | (0.6 %) |
| Operating Income | 9.02 | 8.54 | (5.3 %) |
| Net Income | 7.25 | 5.88 | (19.0 %) |
| Average Shares | 10.21 | 10.21 | 0.0 % |
| EPS (Riyals) | 0.71 | 0.58 | (19.0 %) |
The decline was triggered by lower sales, higher general and administrative expenses, and an increase in financing costs.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 43.20 | 34.46 | (20.2 %) |
| Gross Income | 9.77 | 10.24 | 4.9 % |
| Operating Income | 5.26 | 5.06 | (3.7 %) |
| Net Income | 4.42 | 3.62 | (18.1 %) |
| Average Shares | 10.21 | 10.21 | 0.0 % |
| EPS (Riyals) | 0.43 | 0.35 | (18.1 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 41.48 | 34.46 | (16.9 %) |
| Gross Income | 8.41 | 10.24 | 21.9 % |
| Operating Income | 3.48 | 5.06 | 45.5 % |
| Net Income | 2.26 | 3.62 | 59.9 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.22 | 0.35 | 59.9 % |
The company’s Q2 2022 net profit after Zakat and tax dropped 18% to SAR 3.6 million from SAR 4.4 million a year earlier.
On a sequential basis, Q2 net profit rose by 60% from SAR 2.3 million on lower cost of sales.
Total shareholders’ equity, excluding minority interest, stood at SAR 116.689 million by the end of H1 2022, compared to SAR 113.807 million in the year-earlier period.
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