Raoom’s net profit falls 5% to SAR 24.9 mln in 2021

20/03/2022 Argaam Exclusive

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Raoom Trading Co. reported a net profit after Zakat and tax of SAR 24.9 million in 2021, down 5%, from SAR 26.1 million in the year-earlier period.

Financials (M)

Item	2020	2021	Change‬
Revenues	108.86	110.19	1.2 %
Gross Income	39.36	38.00	(3.5 %)
Operating Income	28.94	27.58	(4.7 %)
Net Income	26.07	24.88	(4.5 %)
Average Shares	6.25	6.25	-
EPS (Riyals)	4.17	3.98	(4.5 %)

The decline was driven by an increase in the cost of revenue.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2020	H2 2021	Change‬
Revenues	53.19	54.47	2.4 %
Gross Income	17.28	15.81	(8.5 %)
Operating Income	11.30	10.76	(4.8 %)
Net Income	10.02	9.49	(5.3 %)
Average Shares	6.25	6.25	-
EPS (Riyals)	1.60	1.52	(5.3 %)

Item	H1 2021	H2 2021	Change‬
Revenues	55.72	54.47	(2.2 %)
Gross Income	22.18	15.81	(28.7 %)
Operating Income	16.82	10.76	(36.0 %)
Net Income	15.40	9.49	(38.4 %)
Average Shares	6.25	6.25	-
EPS (Riyals)	2.46	1.52	(38.4 %)

Total shareholders' equity, excluding minority rights, reached SAR 95.45 million in 2021, compared to SAR 86.68 million in the year-earlier period.

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