The Arab Company for Technical Contracting announces the annual financial results for the year 2021
The profits of the Arab Technical Contracting Company, which works in the field of outdoor advertising, increased to 206.3 million riyals by the end of 2021, compared to profits of 25.2 million riyals recorded during the same period in 2020.
Al-Arabiya explained that the reason for the increase in profits during the current period compared to the similar period of the previous year is due to the beginning of the return of life to normal, as the travel ban was lifted, tourist visas were issued, and the door to Umrah was opened, in addition to the return of schools and universities and the launch of the Riyadh season during the fourth quarter of the year. 2021 AD, in addition to the continuation of the digital transformation process and the increase of new projects and advertising spaces.
The company's revenues increased by 45% compared to the year 2020 AD, while the net profit in the main business increased from SAR 51 million in 2020 AD to SAR 261 million compared to the year 2021 AD, at a rate of 408%.
The company added that shareholders' equity (there are no minority rights) at the end of the period amounted to 731.278 million riyals, compared to 526.416 million riyals, as at the end of the same period of the previous year.
Summary of Financial Results (Million)
change % | 2021 | 2020 | Item |
44,766 | 720.34 | 497.59 | Revenue |
233,468 | 330.28 | 99.05 | Total profit (loss) |
408.328 | 261.41 | 51.43 | Operating profit (loss). |
718.44 | 206.25 | 25.20 | Net profit (loss) after zakat and tax |
683,826 | 204,861 Read alsoSocietyHis Highness the Emir of Jazan presides over the region's council session in the presence of members of the Shura Council | 26,136 | Total comprehensive income |
38.916 | 731,278 | 526,416 | Total shareholders' equity (excluding minority interests) |
4.12 | 0.50 | Earnings per share (SAR) |
