Saudi Industrial Development Co. (SIDC) widened net losses after Zakat and tax by 7% to SAR 6.1 million for the first half of 2021, from SAR 5.7 million in the year-ago period on higher operating expenses (OPEX).
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 81.88 | 87.48 | 6.8 % |
| Gross Income | 18.94 | 16.29 | (14.0 %) |
| Operating Income | (1.31) | (6.46) | (394.4 %) |
| Net Income | (5.68) | (6.06) | (6.7 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.14) | (0.15) | (6.7 %) |
In Q2 2021, SIDC swung to a net loss of SAR 4.3 million, against a net profit of SAR 4.3 million a year earlier, hit by higher OPEX.
On a quarterly basis, net losses more than doubled from SAR 1.7 million.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 41.58 | 41.94 | 0.9 % |
| Gross Income | 11.10 | 8.39 | (24.4 %) |
| Operating Income | 3.00 | (4.19) | (239.7 %) |
| Net Income | 4.34 | (4.32) | (199.7 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | 0.11 | (0.11) | (199.7 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 45.54 | 41.94 | (7.9 %) |
| Gross Income | 7.91 | 8.39 | 6.1 % |
| Operating Income | (2.26) | (4.19) | (85.2 %) |
| Net Income | (1.74) | (4.32) | (148.4 %) |
| Average Shares | 40.00 | 40.00 | - |
| EPS (Riyals) | (0.04) | (0.11) | (148.4 %) |
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