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Alujain’s Q3 net profits jump 256%

Alujain’s Q3 net profits jump 256%
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Riyadh – Mubasher: Alujain Holding Corporation recorded a year-on-year (YoY) leap of 256.4% in net profits after Zakat and tax to SAR 56.74 million during the third quarter (Q3) of 2021 from SAR 15.92 million.

Revenues soared by 100% to SAR 6.53 million in Q3-21 from SAR 3.26 million in Q3-20, according to the financial results on Tuesday.

On a quarterly basis, the net profits in Q3-21 were 38% lower than SAR 91.96 million in Q2-21 and the revenues increased by 24% from SAR 5.25 million.

During the first nine months of 2021, Alujain registered a 37% YoY rise in net profits to SAR 209illion from SAR 152.53 million.

Earnings per share went up to SAR 3.02 at the end of September this year from SAR 2.2 in the same period in 2020.

Revenues surged by 57% YoY to SAR 16.54 million in January-September 2021 from SAR 10.51 million.