Sadr Logistics Co. turned to a net loss after Zakat and tax of SAR 2.8 million in H1 2022, from a profit of SAR 846,000 in the prior-year period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 30.96 | 36.25 | 17.1 % |
| Gross Income | 8.44 | 6.53 | (22.6 %) |
| Operating Income | 1.48 | (2.10) | (242.1 %) |
| Net Income | 0.85 | (2.82) | (433.8 %) |
| Average Shares | 153.96 | 175.00 | 13.7 % |
| EPS (Riyals) | 0.01 | (0.02) | (393.7 %) |
The loss was attributed to higher cost of sales driven by the increase in raw materials prices, in addition to higher selling and marketing expenses, general and administrative expenses and Zakat provision.
The company reported a net loss after Zakat and tax of SAR 1 million for Q2 2022, from a net profit of SAR 250,000 in the same quarter last year.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 16.08 | 16.48 | 2.5 % |
| Gross Income | 4.02 | 3.22 | (19.8 %) |
| Operating Income | 0.71 | (0.75) | (205.8 %) |
| Net Income | 0.25 | (1.00) | (506.3 %) |
| Average Shares | 153.96 | 175.00 | 13.7 % |
| EPS (Riyals) | 0.00 | (0.01) | (457.5 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 19.77 | 16.48 | (16.6 %) |
| Gross Income | 3.31 | 3.22 | (2.6 %) |
| Operating Income | (1.35) | (0.75) | 44.2 % |
| Net Income | (1.83) | (1.00) | 45.6 % |
| Average Shares | 175.00 | 175.00 | - |
| EPS (Riyals) | (0.01) | (0.01) | 45.6 % |
On a sequential basis, the company narrowed its losses from SAR 1.8 million in Q1 2022 on lower cost of sales, selling and marketing expenses and financing costs as well as higher investment and other income.
Shareholders’ equity, after minority interest, stood at SAR 180.046 million as of June 30, 2022, compared to SAR 33.944 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}