Financial Results : Al Kathiri Holding profit surges to SAR 7.3 mln in H1 2021

Al Kathiri Holding profit surges to SAR 7.3 mln in H1 2021

18/08/2021 Argaam Exclusive

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Al Kathiri Holding Co. reported a net profit after Zakat and tax of SAR 7.3 million for the first half of 2021, increasing 213%, from SAR 2.3 million in the year-earlier period.

 

The higher profit was driven by increased revenue from sales growth and mitigating precautionary measures followed by the Kingdom.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 40.81 75.40 84.8 %
Gross Income 9.42 21.70 130.3 %
Operating Income 3.35 7.86 134.6 %
Net Income 2.34 7.25 210.3 %
Average Shares 213.84 226.04 5.7 %
EPS (Halala) 1.09 3.21 193.6 %

Al Kathiri turned to a net profit after Zakat and tax of SAR 3.1 million in Q2 2021, compared to a net loss after Zakat and tax of SAR 1.3 in Q2 2020.  

 

When compared to the previous quarter, profit fell 26% due to higher general and administrative expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 15.24 40.19 163.7 %
Gross Income 1.94 11.81 508.0 %
Operating Income (0.71) 3.37 574.4 %
Net Income (1.29) 3.07 337.6 %
Average Shares 213.84 226.04 5.7 %
EPS (Halala) (0.60) 1.36 324.8 %

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