Financial Results : Zahrat Al Waha 2021 net profit up 59% to SAR 64.6 mln; Q4 earnings at SAR 20.5 mln

Zahrat Al Waha 2021 net profit up 59% to SAR 64.6 mln; Q4 earnings at SAR 20.5 mln

28/02/2022 Argaam Exclusive

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Zahrat Al Waha for Trading Co. reported a net profit after Zakat and tax of SAR 64.6 million for 2021, up 59%, from SAR 40.6 million in 2020.



Financials (M)

Item 2020 2021 Change‬
Revenues 424.85 549.01 29.2 %
Gross Income 74.19 87.83 18.4 %
Operating Income 57.71 69.59 20.6 %
Net Income 40.57 64.57 59.2 %
Average Shares 22.50 22.50 -
EPS (Riyals) 1.80 2.87 59.2 %

The company attributed the profit rise to higher sales by SAR 124.16 million and lower selling and distribution expenses

 

Meanwhile, Zakat and finance costs decreased by 2.69% and 22.97%, respectively.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 91.05 140.80 54.6 %
Gross Income 23.64 29.40 24.4 %
Operating Income 20.10 25.84 28.5 %
Net Income 13.84 20.50 48.1 %
Average Shares 22.50 22.50 -
EPS (Riyals) 0.62 0.91 48.1 %

The company reported a net profit of SAR 20.5 million for Q4 2021, a 48% year-on-year (YoY) rise.

 

Shareholders' equity, excluding minority rights, at the end of the period amounted to SAR 301.91 million, compared to SAR 252.34 million at the end of the same period of the previous year.

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