Al-Omran Industrial Trading Co. reported net profit after Zakat and tax of SAR 7.2 million in H1 2021, over three-fold increase from a net profit of SAR 1.7 million in the prior-year period.
The profit hike was attributed to the decrease in the cost of sales and the increase in selling prices.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 93.30 | 81.85 | (12.3 %) |
| Gross Income | 13.68 | 18.77 | 37.2 % |
| Operating Income | 3.48 | 9.02 | 159.3 % |
| Net Income | 1.67 | 7.25 | 335.2 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.16 | 0.71 | 335.2 % |
The company reported a net profit after Zakat and tax of SAR 4.4 million for Q2 2021, an increase of 166%, compared to the same quarter last year.
On a sequential basis, Q2 2021 net profit rose 56%.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 61.72 | 43.20 | (30.0 %) |
| Gross Income | 9.35 | 9.77 | 4.5 % |
| Operating Income | 3.03 | 5.26 | 73.6 % |
| Net Income | 1.63 | 4.42 | 171.0 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.16 | 0.43 | 171.0 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 38.65 | 43.20 | 11.8 % |
| Gross Income | 9.00 | 9.77 | 8.6 % |
| Operating Income | 3.76 | 5.26 | 39.7 % |
| Net Income | 2.84 | 4.42 | 55.5 % |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.28 | 0.43 | 55.5 % |
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