Nama Chemicals Co. reported net profit after Zakat and tax of SAR 10 million for Q1 2021, versus net losses of SAR 7.33 million in year-earlier period, driven by higher average selling prices, increased sales volumes, and lower cost of finance.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 120.02 | 162.82 | 35.7 % |
| Gross Income | 9.57 | 34.00 | 255.2 % |
| Operating Income | (6.57) | 12.84 | 295.5 % |
| Net Income | (7.33) | 9.97 | 236.1 % |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (0.31) | 0.42 | 236.1 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 114.73 | 162.82 | 41.9 % |
| Gross Income | (2.95) | 34.00 | 1253.4 % |
| Operating Income | (21.01) | 12.84 | 161.1 % |
| Net Income | (24.68) | 9.97 | 140.4 % |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (1.05) | 0.42 | 140.4 % |
When compared to the previous quarter, the company swung to profit versus SAR 24.68 million losses in Q4 2020, on lower selling and distribution expenses.
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