Financial Results : AYYAN Investment’s net profit up 82% to SAR 13.4 mln in Q1 2022

AYYAN Investment’s net profit up 82% to SAR 13.4 mln in Q1 2022

19/05/2022 Argaam Exclusive

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AYYAN Investment Co. reported a net profit of SAR 13.4 million in Q1 2022, an increase of 82% from SAR 7.4 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 72.53 75.60 4.2 %
Gross Income 21.45 19.13 (10.8 %)
Operating Income 1.87 1.56 (16.5 %)
Net Income 7.37 13.42 82.1 %
Average Shares 82.68 88.35 6.9 %
EPS (Riyals) 0.09 0.15 70.4 %

This was driven by higher revenue, decreased general and administrative expenses (G&As) and increased profit share from associates.

 

On a sequential basis, the company turned to a profit from SAR 7.42 million loss in Q4 2021.

 

Total shareholders’ equity, excluding minority interest, stood at SAR 822.074 million, compared to SAR 758.169 million in the prior-year period.

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