Almarai: announced Q3-2021 financial results

Riyadh / SA. (ac) Almarai Company announced its condensed consolidated interim financial results for the period ended 30th September 2021 (three months) on 10 October as follows.

Third Quarter of 2021 Highlights

  • The Revenue for the Third quarter 2021 amounted to SAR 3,9xx.x million (not readable), an increase of 2.0 percent as compared to the corresponding quarter of the last year (SAR 3,863.1 million).
  • The Gross Profit for the Third quarter 2021 amounted to SAR 1,xxx.7 million (not readable), a decrease of 15.8 percent as compared to the corresponding quarter of the last year (SAR 1,514.7).
  • The Operating Profit for the Third quarter 2021 amounted to SAR 518.6 million, a decrease of 30.9 percent as compared to the corresponding quarter of the last year (SAR 750.2 million).
  • The Consolidated Profit Attributable to Shareholders of the Company for the Third quarter 2021 amounted to SAR 409.1 million, a decrease of 34.2 percent as compared to the corresponding quarter of the last year (SAR 621.5 million) and a decrease of 15.1 percent as compared to the previous quarter (SAR 482.0 million).
  • The Comprehensive Income Attributable to Shareholders of the Company for the Third quarter 2021 amounted to SAR 389.2 million, a decrease of 43.4 percent as compared to the corresponding quarter of the last year (SAR 687.8 million) and a decrease of 15.1 percent as compared to the previous quarter (SAR 458.6 million).
  • Total Equity Attributable to Shareholders as of 30° September 2021 amounted to SAR 15,861.3 million as compared to the corresponding date of last year (SAR 15,334.4 million), an increase of 3.4 percent. The book value of one share, as of 30 September 2021, reached SAR 15.86.
  • The Earnings per Share (EPS) based on the Consolidated Profit Attributable to Shareholders of the Company for the Period ended on 30 September 2021 (Three Months) and the corresponding Period of last year, reached SAR 0.42 and SAR 0.63, respectively. Diluted EPS for the Period ended on 30 September 2021 (Three Months) and the corresponding Period of last year are SAR 0.41 and SAR 0.62, respectively.

Nine Months Period of 2020 Highlights

  • The Revenue for the nine months period ended 30 September 2021 amounted to SAR 11,592.3 million, a slight increase by 0.5 percent as compared to the corresponding period of the last year (SAR 11,537.4 million).
  • The Gross Profit for the nine months period ended 30 September 2021 amounted to SAR 3,866.6 million, a decrease of 10.1 percent as compared to the corresponding period of the last year (SAR 4,303.1 million).
  • The Operating Profit for the nine months period ended 30 September 2021 amounted to SAR 1,622.6 million, a decrease of 19.8 percent as compared to the corresponding period of the last year (SAR 2,022.2 million).
  • The Consolidated Profit Attributable to Shareholders of the Company for the nine months period ended 30 September 2021 amounted to SAR 1,277.0 million, a decrease of 22.5 percent as compared to the corresponding period of the last year (SAR 1,648.5 million).
  • The Comprehensive Income Attributable to Shareholders of the Company for the nine months period ended 30 September 2021 amounted to SAR 1,227.4 million, a decrease of 26.3 percent as compared to the corresponding period of the last year (SAR 1,665.5 million).
  • Total Equity Attributable to Shareholders as of 30 September 2021 amounted to SAR 15,861.3 million as compared to the corresponding date of last year (SAR 15,334.4 million), an increase of 3.4 percent. As of 30 September 2021, the book value per share reached SAR 15.86.
  • The Earnings per Share (EPS) based on the Consolidated Profit Attributable to Shareholders of the Company for the nine months period ended 30 September 2021 and the corresponding Period of last year, reached SAR 1.30 and SAR 1.68, respectively. Diluted EPS for the nine months period ended 30 September 2021 and the corresponding Period of last year were SAR 1.28 and SAR 1.65, respectively.

Further details are available in the Company’s news release below (626 KB):

20211112-ALMARAI-Q3-2021
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