The National Company for Glass Industries (Zoujaj) turned to a net profit after Zakat and tax of SAR 51.1 million in 2021, compared to a net loss after Zakat and tax of SAR 11 million in 202.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 73.31 | 86.93 | 18.6 % |
| Gross Income | (2.26) | 2.79 | 223.8 % |
| Operating Income | (14.87) | (14.27) | 4.1 % |
| Net Income | (11.04) | 51.12 | 563.2 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | (0.34) | 1.55 | 563.2 % |
The earnings were driven by an increase in profit share from joint ventures operating in the float glass segment, on better financial performance.
The company swung to a net profit after Zakat and tax of SAR 11.7 million in Q4 2021, compared to a net loss after Zakat and tax of SAR 5.85 million in the year-earlier period.
Sequentially, net profit fell 41.7% from SAR 20.13 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 15.96 | 28.62 | 79.4 % |
| Gross Income | (5.74) | 0.09 | 101.6 % |
| Operating Income | (10.56) | (5.96) | 43.5 % |
| Net Income | (5.89) | 12.22 | 307.5 % |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | (0.18) | 0.37 | 307.5 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 19.52 | 28.62 | 46.6 % |
| Gross Income | (0.07) | 0.09 | 224.3 % |
| Operating Income | (5.20) | (5.96) | (14.8 %) |
| Net Income | 19.05 | 12.22 | (35.9 %) |
| Average Shares | 32.90 | 32.90 | - |
| EPS (Riyals) | 0.58 | 0.37 | (35.9 %) |
Total shareholders’ equity, excluding minority rights, amounted to SAR 640.2 million in 2021, compared to SAR 590.3 million in 2020.
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