Group Five 2021 net profit dips 58% to SAR 35.1 mln

31/03/2022 Argaam Exclusive

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Share Price

Group Five Pipe Saudi Co.
39.10
0.00 0.00 %

Group Five Pipe Saudi Co. (GROUP FIVE)

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Group Five Pipe Saudi Co.’s 2021 net profit after Zakat and tax more than halved to SAR 35.1 million, compared to SAR 83.6 million a year earlier, hit by lower sales.



Financials (M)

Item 2020 2021 Change‬
Revenues 916.16 641.10 (30.0 %)
Gross Income 129.76 61.31 (52.8 %)
Operating Income 120.03 54.13 (54.9 %)
Net Income 83.61 35.12 (58.0 %)
Average Shares 28.00 28.00 -
EPS (Riyals) 2.99 1.25 (58.0 %)


Shareholders’ equity, excluding minority interest, reached SAR 334.473 million as of Dec. 31, 2021, up from SAR 299.057 million in 2020.

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