Saudi Industrial Development Co. (SIDC) narrowed its net loss after Zakat and tax to SAR 3.2 million in 2020 from SAR 39.2 million in 2019.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 191.40 | 164.60 | (14.0 %) |
| Gross Income | 33.19 | 35.65 | 7.4 % |
| Operating Income | (25.28) | (10.86) | 57.0 % |
| Net Income | (39.20) | (3.25) | 91.7 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.98) | (0.08) | 91.7 % |
The company cited lower operating losses due to the decrease in production costs and operating expenses, for the drop in loss.
In Q4 2020, SIDC further narrowed its net loss after Zakat and tax to SAR 2.7 million, compared to SAR 36.2 million in the same period a year earlier.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 41.47 | 43.06 | 3.8 % |
| Gross Income | 6.05 | 8.48 | 40.0 % |
| Operating Income | (16.76) | (7.35) | 56.2 % |
| Net Income | (36.23) | (0.54) | 98.5 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.91) | (0.01) | 98.5 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 39.67 | 43.06 | 8.5 % |
| Gross Income | 8.24 | 8.48 | 2.9 % |
| Operating Income | (2.21) | (7.35) | (232.1 %) |
| Net Income | (1.36) | (0.54) | 60.5 % |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.03) | (0.01) | 60.5 % |
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