Financial Results : Tihama narrows Q1 2022/2023 net loss to SAR 7.4 mln

Tihama narrows Q1 2022/2023 net loss to SAR 7.4 mln

25/08/2022 Argaam Exclusive

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Tihama Advertising and Public Relations Co. trimmed its net loss to SAR 7.4 million in Q1 ended June 30, 2022, from SAR 11.5 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 13.89 17.14 23.4 %
Gross Income 2.56 4.75 85.9 %
Operating Income (10.89) (7.48) 31.3 %
Net Income (11.53) (7.13) 38.1 %
Average Shares 18.90 5.00 (73.5 %)
EPS (Riyals) (0.61) (1.43) (133.9 %)

This was triggered by higher gross profit on increased profit from advertising, as well as retail segments and lower cost of revenue.

 

On a sequential basis, net loss was slightly higher compared to SAR 7.12 million.

Total shareholders’ equity, excluding minority interest, reached SAR 1.1 million as of June 30, 2022, compared with SAR 32.7 million a year earlier.

 

Accumulated losses stood at SAR 31.8 million, or 63.6% of capital, by the end of the three-month period.

 

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