Saudi Chemical posts SAR 74 mln profit in 2020

28/03/2021 Argaam Exclusive

View other reports

Saudi Chemical Co. reported a net profit after Zakat and tax of SAR 74 million for 2020, a more than twofold increase from SAR 33 million in 2019.

Financials (M)

Item	2019	2020	Change‬
Revenues	2,949.17	3,306.16	12.1 %
Gross Income	457.96	436.41	(4.7 %)
Operating Income	124.49	149.63	20.2 %
Net Income	32.88	74.03	125.2 %
Average Shares	843.20	843.20	-
EPS (Riyals)	0.04	0.09	125.2 %

The company attributed the profit rise to performance improvement and higher sales from the pharma and explosives sector.

Reduction in expected credit loss provision and finance cost was also cited for the profit rise.

In Q4 2020, the company narrowed its net loss after Zakat and tax to SAR 23 million from SAR 50.7 million in the same period a year ago.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	595.97	836.51	40.4 %
Gross Income	98.23	73.80	(24.9 %)
Operating Income	(17.78)	(1.40)	92.1 %
Net Income	(50.72)	(22.96)	54.7 %
Average Shares	843.20	843.20	-
EPS (Riyals)	(0.06)	(0.03)	54.7 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	811.35	836.51	3.1 %
Gross Income	104.92	73.80	(29.7 %)
Operating Income	38.55	(1.40)	(103.6 %)
Net Income	18.85	(22.96)	(221.8 %)
Average Shares	843.20	843.20	-
EPS (Riyals)	0.02	(0.03)	(221.8 %)

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×