Saudi Cable Co. trimmed net loss after Zakat and tax to SAR 55.1 million in H1 2021, from a net loss of SAR 59.8 million in the year-earlier period, driven by lower expenses and increased profit share from associates.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 204.72 | 105.20 | (48.6 %) |
| Gross Income | (24.04) | (38.22) | (59.0 %) |
| Operating Income | (63.09) | (68.34) | (8.3 %) |
| Net Income | (59.78) | (55.07) | 7.9 % |
| Average Shares | 6.67 | 6.67 | - |
| EPS (Riyals) | (8.96) | (8.25) | 7.9 % |
The company’s Q2 2021 net loss widened to SAR 19.2 million in Q2 2021, from SAR 16.6 million in the year-earlier period, due to lower sales volumes.
On a sequential basis, Saudi Cable narrowed net loss by 46.5%.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 145.18 | 41.35 | (71.5 %) |
| Gross Income | (6.74) | (20.97) | (211.1 %) |
| Operating Income | (25.14) | (31.50) | (25.3 %) |
| Net Income | (16.58) | (19.19) | (15.7 %) |
| Average Shares | 6.67 | 6.67 | - |
| EPS (Riyals) | (2.48) | (2.88) | (15.7 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 63.86 | 41.35 | (35.2 %) |
| Gross Income | (17.26) | (20.97) | (21.5 %) |
| Operating Income | (36.83) | (31.50) | 14.5 % |
| Net Income | (35.88) | (19.19) | 46.5 % |
| Average Shares | 6.67 | 6.67 | - |
| EPS (Riyals) | (5.38) | (2.88) | 46.5 % |
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