Ash-Sharqiyah Development widens net loss to SAR 3.5 mln in 9M 2021

27/10/2021 Argaam Exclusive

View other reports

Ash-Sharqiyah Development Co. widened net loss after Zakat and tax to SAR 3.5 million in the first nine months of 2021, from SAR 1.4 million in the year-earlier period, driven by the company incurring accrued expenses in the current period as a result of proving the CEO’s dues for previous periods.

Financials (M)

Item	9m 2020	9m 2021	Change‬
Gross Income	(0.31)	(0.39)	(28.1 %)
Operating Income	(1.77)	(4.10)	(132.0 %)
Net Income	(1.44)	(3.50)	(143.9 %)
Average Shares	19.65	19.65	-
EPS (Riyals)	(0.07)	(0.18)	(143.9 %)

In addition, the developer bore the expenses of finance for this period, which it did not incur in the previous period.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2020	Q3 2021	Change‬
Gross Income	(0.10)	(0.13)	(28.2 %)
Operating Income	(0.74)	(0.75)	(2.3 %)
Net Income	(0.42)	(0.76)	(80.3 %)
Average Shares	19.65	19.65	-
EPS (Riyals)	(0.02)	(0.04)	(80.3 %)

Item	Q2 2021	Q3 2021	Change‬
Gross Income	(0.13)	(0.13)	(0.8 %)
Operating Income	(2.82)	(0.75)	73.3 %
Net Income	(2.43)	(0.76)	68.8 %
Average Shares	19.65	19.65	-
EPS (Riyals)	(0.12)	(0.04)	68.8 %

The company posted a net loss after Zakat and tax to SAR 759,000 for Q3 2021, compared to a loss of SAR 421,500 in Q3 2020.

On a sequential basis, the developer narrowed net loss in Q3 from SAR 2.4 million.

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.

×