Alujain’s H1 2022 net profit falls 22% to SAR 118.8 mln; Q2 at SAR 63 mln

07/08/2022 Argaam Exclusive

View other reports

Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 118.8 million for the first half of 2022, a decline of 22% from SAR 152.3 million in the same period last year.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	10.00	1,084.01	10737.9 %
Gross Income	1.53	304.41	19822.2 %
Operating Income	(13.05)	153.42	1275.7 %
Net Income	152.26	118.75	(22.0 %)
Average Shares	69.20	69.20	-
EPS (Riyals)	2.20	1.72	(22.0 %)

The decline in net profit is attributed to lower share in net profit from National Petrochemical Industrial Co. (NATPET) and higher finance cost.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	5.25	574.64	10855.9 %
Gross Income	0.79	144.29	18256.9 %
Operating Income	(8.90)	64.17	821.2 %
Net Income	91.96	62.97	(31.5 %)
Average Shares	69.20	69.20	-
EPS (Riyals)	1.33	0.91	(31.5 %)

Item	Q1 2022	Q2 2022	Change‬
Revenues	509.37	574.64	12.8 %
Gross Income	160.13	144.29	(9.9 %)
Operating Income	89.26	64.17	(28.1 %)
Net Income	55.78	62.97	12.9 %
Average Shares	69.20	69.20	-
EPS (Riyals)	0.81	0.91	12.9 %

In Q2 2022, net profit after Zakat and tax retreated 32% to SAR 62.97 million from SAR 91.96 million in the prior-year period.

Compared to Q1 2022, net profit rose 12.9% from SAR 55.78 million, on higher share of profit from NATPET.

Total shareholders’ equity, after minority interest, rose to SAR 2.639 billion as of June 30, 2022, from SAR 1.843 billion a year earlier.

View More Financial Results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×