Sadr Logistics Co. posted a net profit after Zakat and tax of SAR 846,000 in H1 2021, down 31%, compared to SAR 1.2 million a year earlier.
The lower profit was attributed to higher cost of revenues, raw materials, selling and marketing expenses, as well as general and administrative costs.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 21.06 | 30.96 | 47.0 % |
| Gross Income | 6.26 | 8.44 | 34.8 % |
| Operating Income | 1.34 | 1.48 | 10.5 % |
| Net Income | 1.22 | 0.85 | (30.7 %) |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | 0.01 | 0.01 | (30.7 %) |
The company’s Q2 2021 net profit after Zakat and tax fell 84% to SAR 245,000, from 1.54 million in Q2 2020.
When compared to the previous quarter, net profit fell 59% in Q2 2021.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 10.79 | 16.08 | 49.0 % |
| Gross Income | 3.91 | 4.02 | 2.8 % |
| Operating Income | 1.65 | 0.71 | (56.8 %) |
| Net Income | 1.55 | 0.25 | (84.2 %) |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | 0.01 | 0.00 | (84.2 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 14.88 | 16.08 | 8.1 % |
| Gross Income | 4.41 | 4.02 | (8.9 %) |
| Operating Income | 0.77 | 0.71 | (7.2 %) |
| Net Income | 0.60 | 0.25 | (59.2 %) |
| Average Shares | 153.96 | 153.96 | - |
| EPS (Riyals) | 0.00 | 0.00 | (59.2 %) |
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