Savola Group reported an annual net profit after Zakat and tax of SAR 910.8 million, rising 92% year-on-year (YoY), due to higher gross profit, increased profit share from associates and lower operating expenses
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 21,406.42 | 21,701.94 | 1.4 % |
| Gross Income | 4,504.30 | 4,640.38 | 3.0 % |
| Operating Income | 669.60 | 956.68 | 42.9 % |
| Net Income | 475.63 | 910.80 | 91.5 % |
| Average Shares | 533.98 | 533.98 | - |
| EPS (Riyals) | 0.89 | 1.71 | 91.5 % |
Savola’s net profit after Zakat and tax stood at SAR 44.7 million, down by 67% YoY, in the fourth quarter of 2020, driven by lower gross profit due to slightly lower sales and margins.
On a sequential basis, Q4 2020 net profit dropped 84.24%.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 5,231.73 | 5,184.71 | (0.9 %) |
| Gross Income | 1,191.50 | 1,074.27 | (9.8 %) |
| Operating Income | 211.54 | 105.12 | (50.3 %) |
| Net Income | 137.31 | 44.73 | (67.4 %) |
| Average Shares | 533.98 | 533.98 | - |
| EPS (Riyals) | 0.26 | 0.08 | (67.4 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 4,587.28 | 5,184.71 | 13.0 % |
| Gross Income | 1,064.43 | 1,074.27 | 0.9 % |
| Operating Income | 214.56 | 105.12 | (51.0 %) |
| Net Income | 283.74 | 44.73 | (84.2 %) |
| Average Shares | 533.98 | 533.98 | - |
| EPS (Riyals) | 0.53 | 0.08 | (84.2 %) |
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