Knowledge Economic City Co. (Knowledge City) narrowed net losses after Zakat and tax to SAR 22.1 million for 2021, from a loss of SAR 25.7 million logged a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 112.94 | 42.45 | (62.4 %) |
| Gross Income | 24.54 | 10.47 | (57.3 %) |
| Operating Income | (16.26) | (14.38) | 11.5 % |
| Net Income | (25.72) | (22.09) | 14.1 % |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.08) | (0.07) | 14.1 % |
The decline in losses followed a SAR 26 million rise in other income due to liquidation of a letter of guarantee belonging to one of the company’s contractors.
Knowledge City reported a net loss of SAR 19.5 million for Q4 2021, from a loss of SAR 3.5 million in Q4 2020.
On a sequential basis, the company widened its losses from SAR 2.5 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 20.58 | 8.94 | (56.6 %) |
| Gross Income | 6.45 | 1.80 | (72.1 %) |
| Operating Income | (3.81) | (9.72) | (155.2 %) |
| Net Income | (3.51) | (19.51) | (456.1 %) |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.01) | (0.06) | (456.1 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 1.50 | 8.94 | 498.1 % |
| Gross Income | 0.08 | 1.80 | 2232.5 % |
| Operating Income | (12.25) | (9.72) | 20.6 % |
| Net Income | (2.50) | (19.51) | (679.6 %) |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.01) | (0.06) | (679.6 %) |
Total shareholders’ equity, excluding minority interest, fell 0.7 % to SAR 3.076 billion from SAR 3.098 billion a year ago.
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