Abdulmohsen Alhokair Group for Tourism and Development widened its net loss after Zakat and tax to SAR 105.2 million for the first nine months of 2020, from SAR 47 million in the same period a year earlier.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 861.51 | 463.86 | (46.2 %) |
| Gross Income | 226.86 | 38.21 | (83.2 %) |
| Operating Income | 28.32 | (108.99) | (484.9 %) |
| Net Income | (46.96) | (105.15) | (123.9 %) |
| Average Shares | 226.54 | 226.54 | - |
| EPS (Riyals) | (0.21) | (0.46) | (123.9 %) |
The company attributed the increase in net loss to lower revenue from the hotels segment due to the COVID-19 outbreak and lower share of profit from joint ventures.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 301.85 | 113.23 | (62.5 %) |
| Gross Income | 82.85 | (41.57) | (150.2 %) |
| Operating Income | 13.46 | (90.29) | (770.8 %) |
| Net Income | (15.52) | (109.32) | (604.5 %) |
| Average Shares | 226.54 | 226.54 | - |
| EPS (Riyals) | (0.07) | (0.48) | (604.5 %) |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 119.58 | 113.23 | (5.3 %) |
| Gross Income | (1.52) | (41.57) | (2,643.7 %) |
| Operating Income | (47.24) | (90.29) | (91.1 %) |
| Net Income | 2.07 | (109.32) | (5383.9 %) |
| Average Shares | 226.54 | 226.54 | - |
| EPS (Riyals) | 0.01 | (0.48) | (5383.9 %) |
Meanwhile, the company widened its net loss after Zakat and tax to SAR 109.3 million for Q3 2020, due to lower revenues.
On a quarterly basis, the company turned to net loss on lower revenues and higher direct costs.
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