Mohammed Hasan AlNaqool Sons Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 53,322 | 44,835 | 18.929 | ||
| Gross Profit (Loss) | 11,485 | 10,209 | 12.498 | ||
| Operational Profit (Loss) | 8,158 | 6,584 | 23.906 | ||
| Net Profit (Loss) after Zakat and Tax | 9,205 | 6,479 | 42.074 | ||
| Total Comprehensive Income | 9,206 | 6,583 | 39.845 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 50,229 | 41,023 | 22.441 | ||
| Profit (Loss) per Share | 3.17 | 2.23 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The net profit increased during the year 2021G by 42% compared to the year 2020G, mainly due to:
1. An increase in revenues during the year 2021 AD by 18.9% compared to the year 2020.
2. Decrease in administrative expenses for the year 2021 AD by 9.2% compared to the year 2020.
3. A decrease in operating expenses for the year 2021 by 4.4% compared to the year 2020.
4. The company achieved a net profit of 1.2 million Saudi riyals from its investment in the Graphene Ventures Fund for Venture Capital Investment. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Some comparative figures for the year 2020 have been reclassified to conform to the current year's presentation |
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