Financial Results : Saudi Fisheries widens Q1 2022 net loss to SAR 15.5 mln

Saudi Fisheries widens Q1 2022 net loss to SAR 15.5 mln

22/05/2022 Argaam Exclusive

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Saudi Fisheries Co. (Alasmak) widened net loss after Zakat and tax to SAR 15.5 million in Q1 2022, compared to SAR 9.8 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 12.01 16.98 41.3 %
Gross Income 0.41 (9.61) (2472.1 %)
Operating Income (10.01) (20.63) (106.2 %)
Net Income (9.75) (0.39) 96.0 %
Average Shares 40.00 40.00 -
EPS (Riyals) (0.24) (0.01) 96.0 %

On a sequential basis, the company swung to losses from a net profit of SAR 3.51 million in Q4 2021.

 

Total shareholders’ equity, excluding minority interest, fell 13.38% year-on-year (YoY) to SAR 255.759 million in Q1 2022. 

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