Publisher: Maaal International Media Company
License: 465734
Ayyan Investment Co. announced that its profits after zakat and tax jumped 59.8% to SR 13.6 million in the first quarter of 2022 compared to 8.5 million during the same period of 2021.
This came after Ayyan announcement on Thursday of the preliminary financial results for the period ending on 31.03.2022 (three months).
The company’s operational profit fell 16.5% to SR 1.6 million in the 1st quarter of the current year from SR 1.9 million in the same period of the previous year.
Gross profit of Ayyan plunged 10.8% to SR 19.12 million in the first quarter of this year from SR 21.5 million a year ago, while the profit per share rose to SR 0.17 from SR 0.1.
The reason for the increase in the profits of the current quarter compared to the profits of the same quarter of the previous year is due to the following:
The reason for achieving profits during the current quarter compared to realizing losses during the previous quarter is due to the following:
Additional Information:
Earnings per share have been calculated from the profit for the period by dividing the net profit for the period (after excluding minority interest) by the weighted average number of shares outstanding during the period as follows
Current Quarter:
13,415,862 / 80,636,328 = 0.17
The same quarter of the previous year has reached earnings per share:
7,366,484 / 73,732,069 = 0.10