Financial Results : Sadr Logistics turns to profit of SAR 601,000 in Q1 2021

Sadr Logistics turns to profit of SAR 601,000 in Q1 2021

10/05/2021 Argaam Exclusive

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Sadr Logistics Co. reported a net profit after Zakat and tax of SAR 601,000 in Q1 2021, compared to a net loss after Zakat and tax of SAR 325,000 in Q1 2020.

 

The profit was driven by a 45% rise in sales in all sectors of the company.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 10.26 14.88 45.0 %
Gross Income 2.35 4.41 88.2 %
Operating Income (0.31) 0.77 348.2 %
Net Income (0.33) 0.60 284.9 %
Average Shares 153.96 153.96 -
EPS (Riyals) 0.00 0.00 284.9 %

When compared to the previous quarter, net profit fell 29.7% in Q1 2021.

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