Financial Results : National Gypsum Q1 2021 profit declines 20% to SAR 14.2 mln

National Gypsum Q1 2021 profit declines 20% to SAR 14.2 mln

23/05/2021 Argaam Exclusive

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National Gypsum Co. posted a net profit after Zakat and tax of SAR 14.2 million for the first quarter of 2021, down 20% compared to SAR 17.7 million in the same period a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 35.00 27.01 (22.8 %)
Gross Income 20.75 14.58 (29.8 %)
Operating Income 18.71 12.31 (34.2 %)
Net Income 17.71 11.76 (33.6 %)
Average Shares 31.67 31.67 -
EPS (Riyals) 0.56 0.37 (33.6 %)

The firm attributed the profit decline to lower net sales due to the continuing impact of the COVID-19 pandemic.

When compared to the previous quarter, Q1 2021 net profit surged more than twofold on higher net sales.

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