Abdulmohsen Alhokair Group for Tourism and Development narrowed its net loss after Zakat and tax by 56.22% to SAR 54.2 million in the first nine months of 2022, from SAR 123.9 million a year earlier.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 514.65 | 520.94 | 1.2 % |
| Gross Income | 70.47 | 97.31 | 38.1 % |
| Operating Income | (76.35) | (36.39) | 52.3 % |
| Net Income | (123.87) | (56.43) | 54.4 % |
| Average Shares | 315.00 | 315.00 | - |
| EPS (Riyals) | (0.39) | (0.18) | 54.4 % |
The group cited a 1.2% year-on-year (YoY) rise in revenue to SAR 520.94 million in 9M 2022.
The group’s operating losses dropped 78.1% YoY to SAR 15.06 million.
In Q3 2022, net profit after Zakat and tax reached SAR 12.1 million, compared to SAR 6.18 million in the third quarter of 2021.
Compared to the previous quarter, it turned to profitability from a loss of SAR 35 million in Q2 2022.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 191.01 | 176.50 | (7.6 %) |
| Gross Income | 40.59 | 46.36 | 14.2 % |
| Operating Income | (14.49) | 3.12 | 121.5 % |
| Net Income | 6.18 | 11.22 | 81.5 % |
| Average Shares | 315.00 | 315.00 | - |
| EPS (Riyals) | 0.02 | 0.04 | 81.5 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 172.07 | 176.50 | 2.6 % |
| Gross Income | 23.47 | 46.36 | 97.6 % |
| Operating Income | (21.93) | 3.12 | 114.2 % |
| Net Income | (35.66) | 11.22 | 131.5 % |
| Average Shares | 315.00 | 315.00 | - |
| EPS (Riyals) | (0.11) | 0.04 | 131.5 % |
Shareholders’ equity, after minority interest, stood at SAR 323.44 million by the end of 9M 2022, down from SAR 377.88 million a year earlier.
Accumulated losses reached SAR 326.52 million as of Sept. 30, 2022, representing 50.2% of the company’s capital of SAR 650 million.
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