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.
| 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.
| 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 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 22.10 | 16.59 | (24.9 %) |
| Gross Income | 9.37 | 1.78 | (81.1 %) |
| Operating Income | 7.02 | (3.24) | (146.2 %) |
| Net Income | 6.02 | (2.71) | (145.0 %) |
| Average Shares | 31.67 | 31.67 | - |
| EPS (Riyals) | 0.19 | (0.09) | (145.0 %) |
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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