Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) reported an 79% slump in its 2021 net profit after Zakat and tax to SAR 26.4 million, from SAR 124.8 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 1,555.29 | 1,459.78 | (6.1 %) |
| Gross Income | 690.48 | 620.71 | (10.1 %) |
| Operating Income | 143.22 | 54.67 | (61.8 %) |
| Net Income | 124.79 | 26.45 | (78.8 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 1.04 | 0.22 | (78.8 %) |
The company attributed the losses to a 6% drop year-on-year (YoY) in revenue, a 5% increase YoY in operating expenses and a decline of SAR 26.8 million in its profit share from associates.
In Q4 2021, SPIMACO deepened its net loss to SAR 38.2 million, from SAR 13.19 million in the year-earlier period.
In Q3 2021, the company posted a net profit of SAR 7.40 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 378.52 | 367.67 | (2.9 %) |
| Gross Income | 145.55 | 159.50 | 9.6 % |
| Operating Income | 2.91 | (13.76) | (572.9 %) |
| Net Income | (13.20) | (38.15) | (189.1 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | (0.11) | (0.32) | (189.1 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 311.36 | 367.67 | 18.1 % |
| Gross Income | 145.71 | 159.50 | 9.5 % |
| Operating Income | 18.69 | (13.76) | (173.6 %) |
| Net Income | 7.40 | (38.15) | (615.8 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.06 | (0.32) | (615.8 %) |
Shareholders’ equity, after minority interest, fell to SAR 1.837 billion in 2021, from SAR 1.915 billion in 2020.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}