Almarai: announced Q4-2021 financial results

Riyadh / SA. (ac) Almarai Company announced its consolidated financial results for the fourth quarter (Q4) and full year (FY) ended on 31 December 2021 (twelve months) as follows.

Fourth Quarter of 2021 Highlights

01. The Revenue for the Fourth quarter 2021 amounted to SAR 4,257.4 million, an increase of 11.5 percent as compared to the corresponding quarter of the last year (SAR 3,819.6 million).

02. The Gross Profit for the Fourth quarter 2021 amounted to SAR 1,192.7 million, a decrease of 3.2 percent as compared to the corresponding quarter of the last year (SAR 1,232.4).

03. The Operating Profit for the Fourth quarter 2021 amounted to SAR 392.2 million, a decrease of 21.6 percent as compared to the corresponding quarter of the last year (SAR 500.2 million).

04. The Consolidated Profit Attributable to Shareholders of the Company for the Fourth quarter 2021 amounted to SAR 286.5 million, a decrease of 14.7 percent as compared to the corresponding quarter of the last year (SAR 335.9 million) and a decrease of 30 percent as compared to the previous quarter (SAR 409.1 million).

05. The Comprehensive Income Attributable to Shareholders of the Company for the Fourth quarter 2021 amounted to SAR 243.6 million, a decrease of 22.7 percent as compared to the corresponding quarter of the last year (SAR 315.1 million) and a decrease of 37.4 percent as compared to the previous quarter (SAR 389.2 million).

Year Ended 31 December 2021 Highlights

06. The Revenue for the year ended 31 December 2021 amounted to SAR 15,849.7 million, an increase of 3.2 percent as compared to the corresponding period of the last year (SAR 15,356.9 million).

07. The Gross Profit for the year ended 31st December 2021 amounted to SAR 5,059.3 million, a decrease of 8.6 percent as compared to the corresponding period of the last year (SAR 5,535.5 million).

08. The Operating Profit for the year ended 31S December 2021 amounted to SAR 2,014.9 million, a decrease of 20.1 percent as compared to the corresponding period of the last year (SAR 2,522.3 million).

09. The Consolidated Profit Attributable to Shareholders of the Company for the year ended 31 December 2021 amounted to SAR 1,563.5 million, a decrease of 21.2 percent as compared to the corresponding period of the last year (SAR 1,984.4 million).

10. The Comprehensive Income Attributable to Shareholders of the Company for the year ended 31st December 2021 amounted to SAR 1,471.0 million, a decrease of 25.7 percent as compared to the corresponding period of the last year (SAR 1,980.6 million).

11. Total Equity Attributable to Shareholders as of 31st December 2021 amounted to SAR 16,119.5 million as compared to the corresponding date of last year (SAR 15,686.9 million), an increase of 2.8 percent. As of 31* December 2021, the book value per share reached SAR 16.1.

12. The Earnings per Share (EPS) based on the Consolidated Profit Attributable to Shareholders of the Company for the year ended 31*t December 2021 and the last year, reached SAR 1.59 and SAR 2.02, respectively. Diluted EPS for the year ended 31 December 2021 and the last year were SAR 1.56 and SAR 1.98, respectively.

Further details are available in the Company’s news release below (599 KB):

20220228-ALMARAI-Q4-2021
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