Tihama narrows losses to SAR 19.6 mln in H1 2021/22

11/11/2021 Argaam Exclusive

View other reports

Tihama Advertising and Public Relations Co. narrowed its net loss to SAR 19.6 million in H1 2021/22 ended Sept. 30, 2021, from SAR 17.1 million in the prior-year period.

The company attributed the decline in losses to higher gross profit of the company’s retail segment and advertising segment as well as higher share from associates’ profit. In addition, the company’s results for the same period included the impact of closure of branches as part of the precautionary measures to combat the spread of the COVID-19.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	42.97	46.12	7.3 %
Gross Income	8.38	12.21	45.6 %
Operating Income	(13.83)	(16.76)	(21.2 %)
Net Income	(17.05)	(19.63)	(15.1 %)
Average Shares	18.90	18.90	-
EPS (Riyals)	(0.90)	(1.04)	(15.1 %)

The company reported a net loss of SAR 8.1 million for Q2 2021/22, compared to SAR 14 million in the same quarter last year.

On a sequential basis, the company also narrowed its losses from a loss of SAR 11.5 million in Q1 2021/22.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	21.42	32.22	50.4 %
Gross Income	3.48	9.65	177.8 %
Operating Income	(8.37)	(5.86)	29.9 %
Net Income	(13.95)	(8.10)	41.9 %
Average Shares	18.90	18.90	-
EPS (Riyals)	(0.74)	(0.43)	41.9 %

Item	Q1 2021	Q2 2021	Change‬
Revenues	13.89	32.22	131.9 %
Gross Income	2.56	9.65	277.7 %
Operating Income	(10.89)	(5.86)	46.2 %
Net Income	(11.53)	(8.10)	29.7 %
Average Shares	18.90	18.90	-
EPS (Riyals)	(0.61)	(0.43)	29.7 %

Accumulated losses stood at SAR 135.6 million as of Sept. 30, 2021, representing 77.5% of the company’s SAR 175 million capital.

Shareholders’ equity fell to SAR 33.5 million as of Sept. 30 from SAR 118.5 million in the same period last year.

View more financial results

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×