Al-Omran Industrial Trading Co. reported a net profit after Zakat and tax of SAR 6.4 million in the first nine months of 2022, a 29% decline compared to SAR 8.9 million in the year-ago period.
The profit decline was attributed to lower sales, higher general and administrative expenses and increased financing costs.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 114.45 | 105.50 | (7.8 %) |
| Gross Income | 26.45 | 26.56 | 0.4 % |
| Operating Income | 11.60 | 10.50 | (9.5 %) |
| Net Income | 8.88 | 6.35 | (28.5 %) |
| Average Shares | 10.21 | 10.21 | 0.0 % |
| EPS (Riyals) | 0.87 | 0.62 | (28.5 %) |
In Q3 2022, net profit after Zakat and tax saw a 71% drop to SAR 473,500 from SAR 1.63 million in the year before.
Sequentially, the company’s net profit fell 87% from SAR 3.62 million in Q2 2022.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 32.60 | 29.56 | (9.3 %) |
| Gross Income | 7.68 | 7.91 | 3.0 % |
| Operating Income | 2.58 | 1.96 | (23.9 %) |
| Net Income | 1.63 | 0.47 | (70.9 %) |
| Average Shares | 10.21 | 10.21 | 0.0 % |
| EPS (Riyals) | 0.16 | 0.05 | (70.9 %) |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 34.46 | 29.56 | (14.2 %) |
| Gross Income | 10.24 | 7.91 | (22.8 %) |
| Operating Income | 5.06 | 1.96 | (61.3 %) |
| Net Income | 3.62 | 0.47 | (86.9 %) |
| Average Shares | 10.21 | 10.21 | - |
| EPS (Riyals) | 0.35 | 0.05 | (86.9 %) |
Total shareholders’ equity, excluding minority interest, grew to SAR 117.616 million as of Sept. 30, 2022, from SAR 115.909 million in the year-earlier period.
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