AYYAN Investment Co. reported a net profit of SAR 13.4 million in Q1 2022, an increase of 82% from SAR 7.4 million in the year-earlier period.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 72.53 | 75.60 | 4.2 % |
| Gross Income | 21.45 | 19.13 | (10.8 %) |
| Operating Income | 1.87 | 1.56 | (16.5 %) |
| Net Income | 7.37 | 13.42 | 82.1 % |
| Average Shares | 75.46 | 80.64 | 6.9 % |
| EPS (Riyals) | 0.10 | 0.17 | 70.4 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 60.80 | 75.60 | 24.3 % |
| Gross Income | 6.50 | 19.13 | 194.4 % |
| Operating Income | (11.29) | 1.56 | 113.8 % |
| Net Income | (7.42) | 13.42 | 280.7 % |
| Average Shares | 75.46 | 80.64 | 6.9 % |
| EPS (Riyals) | (0.10) | 0.17 | 269.1 % |
This was driven by higher revenue, decreased general and administrative expenses (G&As) and increased profit share from associates.
On a sequential basis, the company turned to a profit from SAR 7.42 million loss in Q4 2021.
Total shareholders’ equity, excluding minority interest, stood at SAR 822.074 million, compared to SAR 758.169 million in the prior-year period.
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