Raoom’s net profit falls 5% to SAR 24.9 mln in 2021

20/03/2022 Argaam Exclusive

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Share Price

Raoom Trading Co.
136.00
1.60 1.19 %

Raoom Trading Co. (RAOOM)

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Raoom Trading Co. reported a net profit after Zakat and tax of SAR 24.9 million in 2021, down 5%, from SAR 26.1 million in the year-earlier period.



Financials (M)

Item 2020 2021 Change‬
Revenues 108.86 110.19 1.2 %
Gross Income 39.36 38.00 (3.5 %)
Operating Income 28.94 27.58 (4.7 %)
Net Income 26.07 24.88 (4.5 %)
Average Shares 6.25 6.25 -
EPS (Riyals) 4.17 3.98 (4.5 %)

The decline was driven by an increase in the cost of revenue.



Total shareholders' equity, excluding minority rights, reached SAR 95.45 million in 2021, compared to SAR 86.68 million in the year-earlier period.

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