Fawaz Abdulaziz AlHokair & Co. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 93 halalas per share, compared with the S&P Capital IQ consensus estimate of 1.59 riyals per share.
EPS climbed 7.8% year over year from 86 halalas.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 194.7 million riyals, a gain of 7.8% from 180.6 million riyals in the prior-year period.
The normalized profit margin declined to 9.4% from 11.5% in the year-earlier period.
Total revenue grew 32.0% on an annual basis to 2.07 billion riyals from 1.57 billion riyals, and total operating expenses grew 38.4% year over year to 1.78 billion riyals from 1.29 billion riyals.
Reported net income increased 7.7% year over year to 303.7 million riyals, or 1.45 riyals per share, from 282.1 million riyals, or 1.34 riyals per share.
As of Oct. 22, US$1 was equivalent to 3.75 Saudi Arabian riyals.
