Financial Results : Tihama widens loss to SAR 11.5 mln in Q1 2021/2022

Tihama widens loss to SAR 11.5 mln in Q1 2021/2022

22/08/2021 Argaam Exclusive

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Tihama Advertising and Public Relations Co. widened net loss after Zakat and tax to SAR 11.5 million for the first quarter ended June 30, 2021, compared to SAR 4.6 million in year-earlier period.

 

The losses were driven by lower gross profit of business segments and a decline in revenue due to the COVID-19 outbreak.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 21.55 13.89 (35.5 %)
Gross Income 4.91 2.56 (47.9 %)
Operating Income (5.46) (10.89) (99.6 %)
Net Income (3.10) (11.53) (272.4 %)
Average Shares 17.01 18.90 11.1 %
EPS (Riyals) (0.18) (0.61) (235.0 %)

On a sequential basis, the company narrowed net losses on higher gross profit from business segments, higher share of associate’s profit, and lower general and selling expenses.

 

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