Alujain posts 83% surge in FY2019 net profit to SAR 191.2 mln

02/07/2020 Argaam Exclusive

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Alujain Holding Corp posted net profit after Zakat and tax of SAR 191.2 million for the fiscal year 2019, a rise of 83% compared to net profit of SAR 104.8 million a year earlier.

The profit increase was spurred by an increase of SAR 87 million year-on-year in the company’s profit share from National Petrochemical Industrial Co. (NATPET).

Financials (M)

Item	2018	2019	Change‬
Revenues	25.87	23.73	(8.3 %)
Gross Income	4.64	5.70	23.0 %
Operating Income	(15.27)	(11.71)	23.3 %
Net Income	104.75	191.16	82.5 %
Average Shares	69.20	69.20	-
EPS (Riyals)	1.51	2.76	82.5 %

In Q4 2019, net profit stood at SAR 449.3 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	7.02	5.73	(18.3 %)
Gross Income	1.57	1.53	(2.4 %)
Operating Income	(3.69)	(6.72)	(82.0 %)
Net Income	(49.29)	449.33	1011.6 %
Average Shares	69.20	69.20	-
EPS (Riyals)	(0.71)	6.49	1011.6 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	6.69	5.73	(14.2 %)
Gross Income	1.61	1.53	(4.5 %)
Operating Income	(1.57)	(6.72)	(327.4 %)
Net Income	(108.46)	449.33	514.3 %
Average Shares	69.20	69.20	-
EPS (Riyals)	(1.57)	6.49	514.3 %

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