Fawaz Abdulaziz Alhokair Co. widened net loss after Zakat and tax by 63% to SAR 1.11 billion in the fiscal year ended March 31, 2021, from SAR 681.2 million a year earlier.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 5,341.79 | 4,232.51 | (20.8 %) |
| Gross Income | 995.88 | 17.70 | (98.2 %) |
| Operating Income | 344.01 | (721.92) | (309.9 %) |
| Net Income | (656.26) | (1090.75) | (66.2 %) |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | (5.72) | (9.50) | (66.2 %) |
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 1,085.03 | 1,132.26 | 4.4 % |
| Gross Income | 46.84 | (270.38) | (677.3 %) |
| Operating Income | (163.11) | (466.45) | (186.0 %) |
| Net Income | (887.56) | (337.87) | 61.9 % |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | (7.73) | (2.94) | 61.9 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 1,349.71 | 1,132.26 | (16.1 %) |
| Gross Income | 281.45 | (270.38) | (196.1 %) |
| Operating Income | 91.63 | (466.45) | (609.1 %) |
| Net Income | (128.56) | (337.87) | (162.8 %) |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | (1.12) | (2.94) | (162.8 %) |
The losses were attributed to a 20.8% decrease year-on-year (YoY) in revenue, due to the lockdowns and movement restrictions amid the COVID-19 pandemic across Saudi Arabia and all international markets, in which the company operates. In the Kingdom, all stores were closed from March 15 to April 26, 2020.
Selling, general and administrative expenses (SG&A) increased by 24.1% YoY to SAR 442.3 million.
In the fourth quarter, the company incurred a net loss of SAR 357.4 million.
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