Thob Al Aseel Co. posted a net profit after Zakat and tax of SAR 82.4 million in 2020, a rise of 3%, compared to a net profit of SAR 80.3 million a year earlier.
The company attributed the profit increase to a 10.5% year-on-year (YoY) in sales and signing of a medical supply contract, which in turn boosted gross profit and net profit.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 477.21 | 527.34 | 10.5 % |
| Gross Income | 180.71 | 188.49 | 4.3 % |
| Operating Income | 94.92 | 97.93 | 3.2 % |
| Net Income | 80.37 | 82.39 | 2.5 % |
| Average Shares | 400.00 | 400.00 | - |
| EPS (Riyals) | 0.20 | 0.21 | 2.5 % |
In Q4 2020, the company reported a net profit after Zakat and tax of SAR 6.6 million, a drop of 34% YoY.
The company said that total shareholders’ equity, excluding minority interest, increased by 2.7% YoY to SAR 542.81 million in 2020.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 106.25 | 105.96 | (0.3 %) |
| Gross Income | 39.98 | 39.08 | (2.2 %) |
| Operating Income | 14.51 | 9.61 | (33.8 %) |
| Net Income | 10.62 | 6.63 | (37.6 %) |
| Average Shares | 400.00 | 400.00 | - |
| EPS (Riyals) | 0.03 | 0.02 | (37.6 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 110.08 | 105.96 | (3.7 %) |
| Gross Income | 31.57 | 39.08 | 23.8 % |
| Operating Income | 10.57 | 9.61 | (9.1 %) |
| Net Income | 5.92 | 6.63 | 12.0 % |
| Average Shares | 400.00 | 400.00 | - |
| EPS (Riyals) | 0.01 | 0.02 | 12.0 % |
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