Tourism Enterprise Co. (Shams) widened net loss after Zakat and tax of SAR 14.1 million for the first half of 2021, from SAR 4.7 million for the same period last year.
The increase in net loss is attributed to allocation of legal provisions of SAR 9.4 million and increase in general and administrative expenses.
The period also witnessed an increase of Zakat claim due to receiving Zakat adjustments for 2019 and 2020.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 3.87 | 7.98 | 106.3 % |
| Gross Income | (1.30) | 2.01 | 254.1 % |
| Operating Income | (4.42) | (13.22) | (199.3 %) |
| Net Income | (4.67) | (14.14) | (202.9 %) |
| Average Shares | 677.40 | 677.40 | - |
| EPS (Halala) | (0.69) | (2.09) | (202.9 %) |
The company reported a net loss after Zakat and tax of 13.2 million for Q2 2021, compared to SAR 2 million for Q2 2020.
On a sequential basis, Shams widened its losses compared to the last quarter.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 2.14 | 4.77 | 123.6 % |
| Gross Income | (0.35) | 1.51 | 527.5 % |
| Operating Income | (1.84) | (12.42) | (575.6 %) |
| Net Income | (1.98) | (13.19) | (567.7 %) |
| Average Shares | 677.40 | 677.40 | - |
| EPS (Halala) | (0.29) | (1.95) | (567.7 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 3.21 | 4.77 | 48.9 % |
| Gross Income | 0.50 | 1.51 | 201.8 % |
| Operating Income | (0.81) | (12.42) | (1,440.7 %) |
| Net Income | (0.94) | (13.19) | (1,302.1 %) |
| Average Shares | 677.40 | 677.40 | - |
| EPS (Halala) | (0.14) | (1.95) | (1,302.1 %) |
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}}