Al-Hasoob net profit rises 8% to SAR 12 mln in 2021

29/03/2022 Argaam Exclusive

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Alhasoob Co.
54.00
(1.70) (3.05 %)

Alhasoob Co. (ALHASOOB)

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Al-Hasoob Co. reported a net profit after Zakat and tax of SAR 12 million in 2021, an increase of 8% from SAR 11 million a year earlier.



Financials (M)

Item 2020 2021 Change‬
Revenues 255.37 256.46 0.4 %
Gross Income 20.13 24.10 19.7 %
Operating Income 11.73 12.81 9.2 %
Net Income 11.03 11.95 8.3 %
Average Shares 2.80 2.80 -
EPS (Riyals) 3.94 4.27 8.3 %

The earnings rise was driven by lower cost of sales. 

 


Total shareholders’ equity, excluding minority interest, increased to SAR 29.1 million in 2021, from SAR 25.2 million a year earlier.

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