Knowledge City narrows losses to SAR 22.1 mln in 2021; Q4 losses at SAR 19.5 mln

24/03/2022 Argaam Exclusive

Knowledge Economic City Co. (Knowledge City) narrowed net losses after Zakat and tax to SAR 22.1 million for 2021, from a loss of SAR 25.7 million logged a year earlier.



Financials (M)

Item 2020 2021 Change‬
Revenues 112.94 42.45 (62.4 %)
Gross Income 24.54 10.47 (57.3 %)
Operating Income (16.26) (46.13) (183.8 %)
Net Income (25.72) (22.09) 14.1 %
Average Shares 339.30 339.30 -
EPS (Riyals) (0.08) (0.07) 14.1 %

The decline in losses followed a SAR 26 million rise in other income due to liquidation of a letter of guarantee belonging to one of the company’s contractors.

 

Knowledge City reported a net loss of SAR 19.5 million for Q4 2021, from a loss of SAR 3.5 million in Q4 2020.

 

On a sequential basis, the company widened its losses from SAR 2.5 million in Q3 2021.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 20.58 8.94 (56.6 %)
Gross Income 6.45 1.80 (72.1 %)
Operating Income (3.81) (21.43) (462.2 %)
Net Income (3.51) (19.51) (456.1 %)
Average Shares 339.30 339.30 -
EPS (Riyals) (0.01) (0.06) (456.1 %)

Total shareholders’ equity, excluding minority interest, fell 0.7 % to SAR 3.076 billion from SAR 3.098 billion a year ago.

View more financial results

 

View other reports

Share Price

Knowledge Economic City
14.30
(0.02) (0.14 %)

Knowledge Economic City (KEC)

More


Financial Ratios
Current
Market Cap (M Riyal) 4,851.99
Enterprise Value (EV) (M) 6,057.42
Shares Outstanding ((M)) 339.30
EPS ( Riyal) (TTM) (0.20)
Book Value (BV) ( Riyal) 8.71
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.64
Return on Average Assets (%) (TTM) (1.68 )
Return on Average Equity (%) (TTM) (2.31 )
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request