National Gypsum posts SAR 37.2 mln profit in 2020

30/03/2021 Argaam Exclusive

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National Gypsum Co. reported a net profit after Zakat and tax of SAR 37.2 million for 2020, a more than threefold increase from SAR 10.9 million in 2019.

Financials (M)

Item	2019	2020	Change‬
Revenues	70.18	103.76	47.8 %
Gross Income	20.21	48.67	140.9 %
Operating Income	11.94	35.71	199.1 %
Net Income	10.91	31.77	191.3 %
Average Shares	31.67	31.67	-
EPS (Riyals)	0.34	1.00	191.3 %

The company attributed the profit rise to higher net sales by 52.5% and lower costs, which in turn contributed to improved profit margins.

In Q4 2020, the company's net profit after Zakat and tax declined 47% year-on-year (YoY) to SAR 5 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	24.92	21.37	(14.2 %)
Gross Income	11.61	6.92	(40.4 %)
Operating Income	9.26	1.17	(87.4 %)
Net Income	9.34	(0.47)	(105.1 %)
Average Shares	31.67	31.67	-
EPS (Riyals)	0.30	(0.01)	(105.1 %)

Item	Q3 2020	Q4 2020	Change‬
Revenues	29.54	21.37	(27.7 %)
Gross Income	13.15	6.92	(47.4 %)
Operating Income	10.01	1.17	(88.3 %)
Net Income	9.35	(0.47)	(105.1 %)
Average Shares	31.67	31.67	-
EPS (Riyals)	0.30	(0.01)	(105.1 %)

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