Sadr Logistics Co. posted a net profit after Zakat and tax of SAR 2.6 million for 2020, against a net loss of SAR 1.9 million a year earlier.
The strong performance was lifted by a 29% rise year-on-year (YoY) in sales and revenue, as the company expanded in the logistics services sector and concluded long-term contracts with its customers in the same sector. The annual results were also driven by higher sales of storage equipment and other sectors, lower government costs for the industrial sector and lower selling costs, due to lower transportation and installation costs for projects.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 42.04 | 54.28 | 29.1 % |
| Gross Income | 9.81 | 14.68 | 49.6 % |
| Operating Income | (1.67) | 3.92 | 334.1 % |
| Net Income | (1.90) | 2.58 | 235.5 % |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | (0.01) | 0.02 | 235.5 % |
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 11.19 | 21.58 | 92.9 % |
| Gross Income | 2.28 | 4.90 | 114.7 % |
| Operating Income | (1.33) | 1.81 | 236.1 % |
| Net Income | (1.54) | 0.81 | 152.5 % |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | (0.01) | 0.01 | 152.5 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 11.65 | 21.58 | 85.3 % |
| Gross Income | 3.52 | 4.90 | 39.4 % |
| Operating Income | 0.77 | 1.81 | 135.1 % |
| Net Income | 0.55 | 0.81 | 45.8 % |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | 0.00 | 0.01 | 45.8 % |
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