Sadr Logistics H1 2021 net profit falls 31% to SAR 846,000

19/08/2021 Argaam Exclusive

View other reports

Sadr Logistics Co. posted a net profit after Zakat and tax of SAR 846,000 in H1 2021, down 31%, compared to SAR 1.2 million a year earlier.

The lower profit was attributed to higher cost of revenues, raw materials, selling and marketing expenses, as well as general and administrative costs.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	21.06	30.96	47.0 %
Gross Income	6.26	8.44	34.8 %
Operating Income	1.34	1.48	10.5 %
Net Income	1.22	0.85	(30.7 %)
Average Shares	153.96	153.96	-
EPS (Riyals)	0.01	0.01	(30.7 %)

The company’s Q2 2021 net profit after Zakat and tax fell 84% to SAR 245,000, from 1.54 million in Q2 2020.

When compared to the previous quarter, net profit fell 59% in Q2 2021.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	10.79	16.08	49.0 %
Gross Income	3.91	4.02	2.8 %
Operating Income	1.65	0.71	(56.8 %)
Net Income	1.55	0.25	(84.2 %)
Average Shares	153.96	153.96	-
EPS (Riyals)	0.01	0.00	(84.2 %)

Item	Q1 2021	Q2 2021	Change‬
Revenues	14.88	16.08	8.1 %
Gross Income	4.41	4.02	(8.9 %)
Operating Income	0.77	0.71	(7.2 %)
Net Income	0.60	0.25	(59.2 %)
Average Shares	153.96	153.96	-
EPS (Riyals)	0.00	0.00	(59.2 %)

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.

×