National Building and Marketing Co. (NBM) reported a 6% drop in net profit after Zakat and tax to SAR 50.2 million for the first nine months of 2022, from SAR 53.2 million in the year-earlier period.
The company was hit by higher operational and financing costs. Total financing costs increased to SAR 4.9 million from SAR 3.9 million a year earlier, on higher interest rates.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 461.65 | 486.94 | 5.5 % |
| Gross Income | 69.36 | 69.63 | 0.4 % |
| Operating Income | 56.87 | 54.43 | (4.3 %) |
| Net Income | 53.22 | 50.25 | (5.6 %) |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 4.44 | 4.19 | (5.6 %) |
In Q3 2022, net profit after Zakat and tax fell 25% to SAR 18.4 million, from SAR 28.1 million a year earlier, as revenues across the board dropped from SAR 164 million to SAR 148 million.
Compared to Q2 2022, net profit jumped 16% from SAR 15.9 million, on an increase in sales volumes during the current period.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 163.61 | 148.05 | (9.5 %) |
| Gross Income | 33.60 | 25.89 | (22.9 %) |
| Operating Income | 28.15 | 20.69 | (26.5 %) |
| Net Income | 28.13 | 18.35 | (34.8 %) |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 2.34 | 1.53 | (34.8 %) |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 160.64 | 148.05 | (7.8 %) |
| Gross Income | 21.56 | 25.89 | 20.1 % |
| Operating Income | 16.46 | 20.69 | 25.7 % |
| Net Income | 15.86 | 18.35 | 15.8 % |
| Average Shares | 12.00 | 12.00 | - |
| EPS (Riyals) | 1.32 | 1.53 | 15.8 % |
Total shareholders’ equity, after minority interest, rose to SAR 291.564 million by the end of the nine-month period, from SAR 212.230 million a year earlier.
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}}