Riyadh – Mubasher: National Gas and Industrialization Company (GASCO) recorded a net profit after Zakat and tax worth SAR 85.2 million in the first quarter (Q1) of 2021, an annual surge of 479.5% from SAR 14.7 million in Q1-20.

The initial income statements showed that earnings per share stood at SAR 1.14 in Q1-21, compared to SAR 0.2 in Q1-20.

Revenues decreased by 3.3% to SAR 511.1 million in the first three months of 2021, from SAR 528.6 million in the same period a year earlier.

On a quarterly basis, the net profit registered in Q1-21 was 7% higher than SAR 79.5 million recorded during Q4-20.

Quarterly revenues were 2% higher in Q1-21 from the SAR 500.8 million logged in Q4-20.