Al Abdullatif Industrial Investment Co. trimmed net loss after Zakat and tax to SAR 10 million in the first nine months of 2021, compared to a net loss of SAR 32.9 million in a year-earlier period, driven by higher sales, and lower financing expenses.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 317.77 | 461.18 | 45.1 % |
| Gross Income | (0.04) | 35.32 | 98197.2 % |
| Operating Income | (23.29) | 2.62 | 111.2 % |
| Net Income | (32.88) | (9.95) | 69.7 % |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.40) | (0.12) | 69.7 % |
Al Abdullatif narrowed net loss after Zakat and tax to SAR 10.6 million in Q3 2021, from SAR 12.12 million in year-earlier period, on higher sales, lower cost of sales and decreased financing expenses.
On a sequential basis, the company turned to losses in Q3 2021, versus a net profit after Zakat and tax of SAR 5.02 million in Q2 2021.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 102.56 | 156.17 | 52.3 % |
| Gross Income | (2.09) | 8.02 | 483.8 % |
| Operating Income | (10.22) | (6.05) | 40.8 % |
| Net Income | (12.12) | (10.59) | 12.6 % |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.15) | (0.13) | 12.6 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 150.91 | 156.17 | 3.5 % |
| Gross Income | 17.73 | 8.02 | (54.8 %) |
| Operating Income | 8.47 | (6.05) | (171.4 %) |
| Net Income | 5.02 | (10.59) | (310.9 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | 0.06 | (0.13) | (310.9 %) |
Total shareholders’ equity (after deducting minority equity) inched up 0.5% year-on-year (YoY) to SAR 1.1218 billion for the nine-month period.
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