Financial Results : National Gypsum 2021 profit declines 35% to SAR 20.8 mln; Q4 loss at SAR 5.1 mln

National Gypsum 2021 profit declines 35% to SAR 20.8 mln; Q4 loss at SAR 5.1 mln

31/03/2022 Argaam Exclusive

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National Gypsum Co. reported a net profit after Zakat and tax of SAR 20.8 million for 2021, a decline of 35%, compared with SAR 31.8 million a year earlier.   



Financials (M)

Item 2020 2021 Change‬
Revenues 103.76 85.56 (17.5 %)
Gross Income 48.67 34.24 (29.7 %)
Operating Income 35.71 22.12 (38.1 %)
Net Income 31.77 20.76 (34.7 %)
Average Shares 31.67 31.67 -
EPS (Riyals) 1.00 0.66 (34.7 %)

The profit decline was attributed to a fall in net sales by 17.54% due to turbulent changes in the market.

 

The company's net loss widened to SAR 5.10 million in Q4 2021, compared with SAR 440,000 a year earlier. 

 

On a sequential basis, the firm turned to a loss in the fourth quarter, against a profit of SAR 6.03 million in Q3 2021.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 21.37 16.59 (22.4 %)
Gross Income 6.92 1.78 (74.3 %)
Operating Income 1.17 (3.24) (377.7 %)
Net Income (0.47) (2.71) (474.6 %)
Average Shares 31.67 31.67 -
EPS (Riyals) (0.01) (0.09) (474.6 %)

Total shareholders’ equity, after minority interest, reached SAR 474.3 million at the end of 2021, up 2.9% from SAR 460.6 million a year earlier.

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