Alinma Bank’s Q1 2020 net profit fell by 42% year-on-year (YoY) to SAR 370 million, from SAR 638 million in year-earlier period.
The drop was attributed to higher operating expenses and impairment charges, along with investment revaluation losses.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 976.43 | 1,121.16 | 14.8 % |
| Operating Income | 1,289.64 | 1,259.28 | (2.4 %) |
| Debt Provisions | (65.40) | (358.69) | (448.5 %) |
| Net Income | 637.84 | 370.27 | (41.9 %) |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.26 | 0.15 | (41.9 %) |
| EPS Diluted (Riyal) | 0.26 | 0.15 | (42.3 %) |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,141.93 | 1,121.16 | (1.8 %) |
| Operating Income | 1,515.34 | 1,259.28 | (16.9 %) |
| Debt Provisions | (385.11) | (358.69) | 6.9 % |
| Net Income | 508.53 | 370.27 | (27.2 %) |
| Average Shares | 2,500.00 | 2,500.00 | - |
| EPS (Riyals) | 0.20 | 0.15 | (27.2 %) |
| EPS Diluted (Riyal) | 0.20 | 0.15 | (25.0 %) |
When compared to Q4 2019, net profit slid 27.3%, due to lower operating income on the revaluation losses incurred from investments at fair value through statement of income (FVSI), lower financing and investment income.
| Item | 3m 2019 | 3m 2020 | Change |
|---|---|---|---|
| Assets | 121.79 | 138.02 | 13.3 % |
| Customer Deposits | 92.26 | 103.87 | 12.6 % |
| Financing Investments | 85.88 | 97.78 | 13.9 % |
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}}