Financial Results : Zahrat Al Waha H1 2021 profit rises 87% to SAR 36.6 mln

Zahrat Al Waha H1 2021 profit rises 87% to SAR 36.6 mln

27/07/2021 Argaam Exclusive

View other reports

Zahrat Al Waha for Trading Co. reported a net profit after Zakat and tax of SAR 36.6 million for the first half of 2021, an 87% increase from SAR 19.5 million in the year-ago period.

 

The company attributed the increase in net profit to higher sales, other revenue and profits at fair value from investment portfolio.

 

Lower cost of goods sold, selling and distribution expenses, general and administrative expenses, and financing costs were also cited for the profit rise.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 232.26 242.73 4.5 %
Gross Income 35.61 42.39 19.0 %
Operating Income 26.75 33.13 23.8 %
Net Income 19.53 36.60 87.4 %
Average Shares 22.50 22.50 -
EPS (Riyals) 0.87 1.63 87.4 %

The company reported a net profit after Zakat and tax of SAR 16.3 million in Q2 2021, up from SAR 6.6 million in year-ago period, on higher sales and other revenue.

 

When compared to previous quarter, net profit fell 19.9% on higher cost of goods sold and general and administrative expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 108.62 124.59 14.7 %
Gross Income 14.67 19.75 34.6 %
Operating Income 10.31 15.15 46.9 %
Net Income 6.62 16.28 145.9 %
Average Shares 22.50 22.50 -
EPS (Riyals) 0.29 0.72 145.9 %

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.


Comments {{getCommentCount()}}

Be the first to comment

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