Financial Results : Tihama turns to SAR 9.4 mln loss in Q1 ending June 30

Tihama turns to SAR 9.4 mln loss in Q1 ending June 30

18/08/2020 Argaam Exclusive

View other reports

Tihama Advertising and Public Relations Co. (TAPRCO) reported a net loss after Zakat and tax of SAR 9.4 million for the first quarter ending June 30, 2020, versus net profit of SAR 1.2 million in year-earlier period, driven by a decline of SAR 6.9 million in gross profit on the COVID-19 outbreak.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 14.95 21.55 44.2 %
Gross Income 7.00 4.91 (29.9 %)
Operating Income (4.45) (5.46) (22.6 %)
Net Income 1.18 (3.10) (363.3 %)
Average Shares 17.01 17.01 -
EPS (Riyals) 0.07 (0.18) (363.3 %)

The company also cited a drop of SAR 5.5 million in gross profit of the advertising segment and a decline of SAR 2.2 million in gross profit of the production division. Other revenue also retreated by SAR 6.6 million.

 

On a quarter-on-quarter basis, Tihama narrowed losses by 42.5%, due to lower selling and general expenses, employee layoff campaigns and salaries reduction. The company also implemented a number of cost-cutting strategies amid the COVID-19 outbreak.

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.