Financial Results : Zahrat Al Waha’s net profit surges 57% to SAR 20.3 mln in Q1 2021

Zahrat Al Waha’s net profit surges 57% to SAR 20.3 mln in Q1 2021

25/04/2021 Argaam Exclusive

View other reports

Zahrat Al Waha for Trading Co. reported a net profit after Zakat and tax of SAR 20.3 million for the first quarter of 2021, a rise of 57%, from SAR 12.9 million in the year-earlier period.

 

The profit increase was due to a decline in the cost of sales, selling and distribution expenses, finance costs, and an increase in investment profits and non-activity revenues.

 

On a sequential basis, net profit after Zakat and tax rose by 46.8%, driven by higher sales, lower selling and distribution expenses, as well as higher investment profits.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 123.65 118.14 (4.5 %)
Gross Income 20.95 22.64 8.1 %
Operating Income 16.44 17.98 9.4 %
Net Income 12.91 20.32 57.4 %
Average Shares 22.50 22.50 -
EPS (Riyals) 0.57 0.90 57.4 %

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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.