Seera narrows losses to SAR 132 mln in H1 2022; Q2 loss at SAR 69 mln

24/08/2022 Argaam Exclusive

Seera Group Holding narrowed net loss after Zakat and tax to SAR 132 million in H1 2022, from a loss of SAR 229 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 471.88 985.19 108.8 %
Gross Income 233.04 384.61 65.0 %
Operating Income (207.84) (125.32) 39.7 %
Net Income (228.54) (132.34) 42.1 %
Average Shares 300.00 300.00 -
EPS (Riyals) (0.76) (0.44) 42.1 %

The company said the decline in losses came as demand increased on travel services leading to improved revenue and healthier profit margins.



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Revenues 285.62 524.39 83.6 %
Gross Income 174.48 222.37 27.4 %
Operating Income (64.04) (53.20) 16.9 %
Net Income (98.56) (69.08) 29.9 %
Average Shares 300.00 300.00 -
EPS (Riyals) (0.33) (0.23) 29.9 %

Seera cut net loss after Zakat and tax to SAR 69 million in Q2 2022, from SAR 99 million in the same quarter last year.  

 

The edible oil producer widened its loss in Q2 2022 from SAR 63.3 million in Q1 2022. 

 

Shareholders’ equity, after minority interest, stood at SAR 5.265 billion as of June 30, 2022, compared to SAR 5.650 billion a year earlier. 

  

Seera adjusted its opening retained earnings by SAR 37.4 million as of Jan. 1, 2022 during the current quarter. 

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Share Price

Seera Group Holding
22.84
(0.04) (0.17 %)

Seera Group Holding (SEERA)

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Financial Ratios
Current
Market Cap (M Riyal) 6,852.00
Enterprise Value (EV) (M) 8,236.30
Shares Outstanding ((M)) 300.00
EPS ( Riyal) (TTM) 0.80
Book Value (BV) ( Riyal) 22.32
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) 28.55
Price/book 1.02
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 3.7
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