Alujain Holding Corp. reported a net profit after Zakat and tax of SAR 118.8 million for the first half of 2022, a decline of 22% from SAR 152.3 million in the same period last year.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 10.00 | 1,084.01 | 10737.9 % |
| Gross Income | 1.53 | 304.41 | 19822.2 % |
| Operating Income | (13.05) | 153.42 | 1275.7 % |
| Net Income | 152.26 | 118.75 | (22.0 %) |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 2.20 | 1.72 | (22.0 %) |
The decline in net profit is attributed to lower share in net profit from National Petrochemical Industrial Co. (NATPET) and higher finance cost.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 5.25 | 574.64 | 10855.9 % |
| Gross Income | 0.79 | 144.29 | 18256.9 % |
| Operating Income | (8.90) | 64.17 | 821.2 % |
| Net Income | 91.96 | 62.97 | (31.5 %) |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 1.33 | 0.91 | (31.5 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 509.37 | 574.64 | 12.8 % |
| Gross Income | 160.13 | 144.29 | (9.9 %) |
| Operating Income | 89.26 | 64.17 | (28.1 %) |
| Net Income | 55.78 | 62.97 | 12.9 % |
| Average Shares | 69.20 | 69.20 | - |
| EPS (Riyals) | 0.81 | 0.91 | 12.9 % |
In Q2 2022, net profit after Zakat and tax retreated 32% to SAR 62.97 million from SAR 91.96 million in the prior-year period.
Compared to Q1 2022, net profit rose 12.9% from SAR 55.78 million, on higher share of profit from NATPET.
Total shareholders’ equity, after minority interest, rose to SAR 2.639 billion as of June 30, 2022, from SAR 1.843 billion a year earlier.
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