SABIC Agri-Nutrients Co. reported net profit after Zakat and tax of SAR 5.228 billion for 2021, nearly a four-fold jump, from SAR 1.294 billion in a year-earlier period, driven by an increase in average selling prices, despite higher inventory provisions.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 3,327.54 | 9,591.98 | 188.3 % |
| Gross Income | 1,665.19 | 6,768.50 | 306.5 % |
| Operating Income | 1,307.97 | 6,074.74 | 364.4 % |
| Net Income | 1,294.40 | 5,228.02 | 303.9 % |
| Average Shares | 416.67 | 476.04 | 14.2 % |
| EPS (Riyals) | 3.11 | 10.98 | 253.5 % |
Q4 2021 net profit after Zakat and tax reached SAR 2.763 billion, compared to SAR 233.56 million in the year-earlier period, due to higher average selling prices.
On a sequential basis, net profit more than doubled.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 768.33 | 4,039.84 | 425.8 % |
| Gross Income | 357.83 | 3,282.79 | 817.4 % |
| Operating Income | 281.73 | 3,082.55 | 994.1 % |
| Net Income | 233.57 | 2,762.84 | 1082.9 % |
| Average Shares | 416.67 | 476.04 | 14.2 % |
| EPS (Riyals) | 0.56 | 5.80 | 935.4 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 2,206.81 | 4,039.84 | 83.1 % |
| Gross Income | 1,547.91 | 3,282.79 | 112.1 % |
| Operating Income | 1,369.17 | 3,082.55 | 125.1 % |
| Net Income | 1,206.47 | 2,762.84 | 129.0 % |
| Average Shares | 476.04 | 476.04 | - |
| EPS (Riyals) | 2.53 | 5.80 | 129.0 % |
Total shareholders’ equity, excluding minority shares, surged 90.5% year-on-year (YoY) to SAR 15.554 billion for 2021.
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}}