Raydan trims net loss to SAR 13 mln in H1 2021

19/08/2021 Argaam Exclusive

View other reports

Raydan Food Co. trimmed net loss after Zakat and tax to SAR 13 million for H1 2021, from SAR 15.5 million in the prior-year period, driven by lower selling and marketing expenses, in addition to decreased financing expenses.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	72.10	66.08	(8.4 %)
Gross Income	(3.88)	(2.63)	32.2 %
Operating Income	(13.68)	(11.80)	13.7 %
Net Income	(15.49)	(13.49)	12.9 %
Average Shares	13.92	13.92	-
EPS (Riyals)	(1.11)	(0.97)	12.9 %

The company narrowed net loss to SAR 4.1 million in Q2 2021, from SAR 8.83 million in the year-earlier period, backed by higher sales revenue, and lower selling and marketing expenses.

On a sequential basis, net loss shrank by 53.3%.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	23.41	33.20	41.8 %
Gross Income	(3.96)	0.31	107.8 %
Operating Income	(7.86)	(3.46)	56.0 %
Net Income	(8.84)	(4.24)	52.0 %
Average Shares	13.92	13.92	-
EPS (Riyals)	(0.64)	(0.30)	52.0 %

Item	Q1 2021	Q2 2021	Change‬
Revenues	32.87	33.20	1.0 %
Gross Income	(2.94)	0.31	110.5 %
Operating Income	(8.34)	(3.46)	58.5 %
Net Income	(9.25)	(4.24)	54.1 %
Average Shares	13.92	13.92	-
EPS (Riyals)	(0.66)	(0.30)	54.1 %

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.

×