The National Company for Glass Industries (Zoujaj) turned to a net profit after Zakat and tax of SAR 39.3 million in the first nine months of 2021, compared to a net loss of SAR 5.1 million in the same period last year.
Item | 9m 2020 | 9m 2021 | Change |
---|---|---|---|
Revenues | 57.35 | 58.31 | 1.7 % |
Gross Income | 3.48 | 2.70 | (22.5 %) |
Operating Income | (4.32) | (8.30) | (92.3 %) |
Net Income | (5.15) | 38.90 | 855.5 % |
Average Shares | 32.90 | 32.90 | - |
EPS (Riyals) | (0.16) | 1.18 | 855.5 % |
The company attributed the earnings to higher profit from associates operating in the float glass sector due to better performance.
Item | Q3 2020 | Q3 2021 | Change |
---|---|---|---|
Revenues | 16.22 | 19.52 | 20.4 % |
Gross Income | 0.10 | (0.07) | (175.5 %) |
Operating Income | (2.81) | (5.20) | (85.0 %) |
Net Income | 2.64 | 19.05 | 622.5 % |
Average Shares | 32.90 | 32.90 | - |
EPS (Riyals) | 0.08 | 0.58 | 622.5 % |
Item | Q2 2021 | Q3 2021 | Change |
---|---|---|---|
Revenues | 16.75 | 19.52 | 16.5 % |
Gross Income | 0.64 | (0.07) | (111.5 %) |
Operating Income | (2.78) | (5.20) | (87.1 %) |
Net Income | 10.05 | 19.05 | 89.6 % |
Average Shares | 32.90 | 32.90 | - |
EPS (Riyals) | 0.31 | 0.58 | 89.6 % |
The third-quarter net profit after Zakat and tax surged to SAR 20.1 million from SAR 2.6 million in year-earlier period, thanks to higher profit from associates in the float glass sector.
When compared to previous quarter, Q3 2021 net profit jumped 95.1%.
Total shareholders’ equity, excluding minority rights, amounted to SAR 633 million in the nine-month period, compared to SAR 586.4 million in the same period a year ago.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}