Nama Chemicals Co.’s net profit after Zakat and tax soared to SAR 33.41 million in Q1 2022, compared to SAR 10 million in Q1 2021, driven by higher average profit margin for finished products, along with a decrease in general and administrative expenses and cost of finance. The company also recorded non-recurring income for disposal of scrap valued at SAR 2.1 million.
Meanwhile, the company noted a decrease in the selling quantity of finished products.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 162.82 | 172.81 | 6.1 % |
| Gross Income | 34.00 | 52.04 | 53.0 % |
| Operating Income | 12.84 | 32.79 | 155.4 % |
| Net Income | 9.97 | 33.41 | 235.1 % |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | 0.42 | 1.42 | 235.1 % |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 133.81 | 172.81 | 29.1 % |
| Gross Income | 13.10 | 52.04 | 297.3 % |
| Operating Income | (11.67) | 32.79 | 380.9 % |
| Net Income | 3.28 | 33.41 | 917.3 % |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | 0.14 | 1.42 | 917.3 % |
Nama Chemicals Q1 2022 net profit after Zakat and tax also surged in comparison to SAR 2.93 million in Q4 2021.
Shareholders’ equity, excluding minority interest, grew by 19.2% to SAR 366.14 million by the end of Q1 2022, compared to SAR 307.20 million in the year-ago period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}