Thob Al Aseel posts 3% rise in 2020 net profit to SAR 82.4 mln

14/02/2021 Argaam Exclusive

View other reports

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.

Financials (M)

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.

Current Quarter Comparison (M)

Compared With The

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 %

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×