AYYAN Investment net profit surges to SAR 30.9 mln in 2020

04/03/2021 Argaam Exclusive

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AYYAN Investment Co.’s net profit after Zakat and tax skyrocketed to SAR 30.8 million in 2020, compared to a net profit of SAR 726,292 a year earlier, backed by higher revenue, increased gross profit, and recording profit from investments.

Financials (M)

Item	2019	2020	Change‬
Revenues	245.51	255.32	4.0 %
Gross Income	69.38	67.87	(2.2 %)
Operating Income	(6.30)	1.73	127.4 %
Net Income	(1.28)	27.29	2225.7 %
Average Shares	53.69	80.79	50.5 %
EPS (Riyals)	(0.02)	0.34	1512.7 %

In Q4 2020, the company swung to a net profit after Zakat and tax of SAR 1.79 million, compared to a net loss of SAR 4.97 million in Q4 2019.

Shareholders’ equity, after minority rights, increased 45.24% year-on-year (YoY) to SAR 750.80 million in 2020.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	69.00	64.62	(6.3 %)
Gross Income	24.10	16.45	(31.8 %)
Operating Income	(6.56)	(1.32)	80.0 %
Net Income	(6.88)	(1.76)	74.4 %
Average Shares	53.69	80.79	50.5 %
EPS (Riyals)	(0.13)	(0.02)	83.0 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	65.95	64.62	(2.0 %)
Gross Income	18.98	16.45	(13.3 %)
Operating Income	2.11	(1.32)	(162.4 %)
Net Income	9.19	(1.76)	(119.2 %)
Average Shares	80.79	80.79	-
EPS (Riyals)	0.11	(0.02)	(119.2 %)

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