BinDawood Holding Co. reported a net profit after Zakat and tax of SAR 240.6 million for 2021, a 46% slump from SAR 447.7 million in the previous year, due to a decline in sales and lower gross profit.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 5,156.47 | 4,382.17 | (15.0 %) |
| Gross Income | 1,671.89 | 1,438.92 | (13.9 %) |
| Operating Income | 505.34 | 264.96 | (47.6 %) |
| Net Income | 447.72 | 240.56 | (46.3 %) |
| Average Shares | 1,143.00 | 1,143.00 | - |
| EPS (Riyals) | 0.39 | 0.21 | (46.3 %) |
The fourth-quarter net profit after Zakat and tax plunged 77% year-on-year to SAR 13.2 million.
Compared to Q3 2021, the Q4 profit was 81.2% lower from SAR 70.24 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 1,113.19 | 1,057.12 | (5.0 %) |
| Gross Income | 359.05 | 268.86 | (25.1 %) |
| Operating Income | 62.29 | (28.00) | (145.0 %) |
| Net Income | 57.39 | 13.22 | (77.0 %) |
| Average Shares | 1,143.00 | 1,143.00 | - |
| EPS (Riyals) | 0.05 | 0.01 | (77.0 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 1,077.81 | 1,057.12 | (1.9 %) |
| Gross Income | 397.30 | 268.86 | (32.3 %) |
| Operating Income | 93.25 | (28.00) | (130.0 %) |
| Net Income | 70.24 | 13.22 | (81.2 %) |
| Average Shares | 1,143.00 | 1,143.00 | - |
| EPS (Riyals) | 0.06 | 0.01 | (81.2 %) |
Shareholders’ equity, after minority interest, rose 7.5% to SAR 1.411 billion in 2021, from SAR 1.312 billion a year earlier.
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