Financial Results : Alujain Q1 2022 profit falls 8% to SAR 55.8 mln

Alujain Q1 2022 profit falls 8% to SAR 55.8 mln

19/05/2022 Argaam Exclusive

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Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 55.8 million for the first quarter of 2022, down 8% from SAR 60.3 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 4.76 509.37 10607.8 %
Gross Income 0.74 160.13 21480.3 %
Operating Income (4.15) 89.26 2249.7 %
Net Income 60.30 55.78 (7.5 %)
Average Shares 69.20 69.20 -
EPS (Riyals) 0.87 0.81 (7.5 %)

The company attributed the profit decline to higher finance cost.

 

When compared to the previous quarter, net profit fell 96% from 1.413 billion.

 

Total shareholders’ equity, after minority interest, reached 2.649 billion at the end of Q1 2022, up 51.2% from SAR 1.751 billion a year earlier.

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