Ash-Sharqiyah Development Co. widened net loss after Zakat and tax by more than two-fold to SAR 2.7 million in H1 2021, from SAR 1.01 million in year-earlier period, driven by recording the full dues of the CEO, in addition to the reclassification of some expenses.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Gross Income | (0.20) | (0.26) | (28.1 %) |
| Operating Income | (1.03) | (3.34) | (225.0 %) |
| Net Income | (1.01) | (2.74) | (170.6 %) |
| Average Shares | 19.65 | 19.65 | - |
| EPS (Riyals) | (0.05) | (0.14) | (170.6 %) |
The company widened net loss after Zakat and tax to SAR 2.43 million in Q2 2021, from SAR 504,345 in year-earlier period, due to recording the CEO’s dues for the previous periods during the current quarter, in addition to the reclassification of some expenses.
On a sequential basis, losses widened to SAR 2.43 million, from SAR 313,942 in Q1 2021.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Gross Income | (0.10) | (0.13) | (28.4 %) |
| Operating Income | (0.53) | (2.82) | (430.8 %) |
| Net Income | (0.50) | (2.43) | (382.1 %) |
| Average Shares | 19.65 | 19.65 | - |
| EPS (Riyals) | (0.03) | (0.12) | (382.1 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Gross Income | (0.13) | (0.13) | (1.6 %) |
| Operating Income | (0.52) | (2.82) | (446.2 %) |
| Net Income | (0.31) | (2.43) | (673.9 %) |
| Average Shares | 19.65 | 19.65 | - |
| EPS (Riyals) | (0.02) | (0.12) | (673.9 %) |
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