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.
| 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.
| 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 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 165.49 | 140.80 | (14.9 %) |
| Gross Income | 16.03 | 29.40 | 83.4 % |
| Operating Income | 10.62 | 25.84 | 143.2 % |
| Net Income | 7.47 | 20.50 | 174.4 % |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 0.33 | 0.91 | 174.4 % |
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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