Financial Results : Maadaniyah narrows Q1 2021 loss by 5.1% to SAR 7.1 mln

Maadaniyah narrows Q1 2021 loss by 5.1% to SAR 7.1 mln

18/05/2021 Argaam Exclusive

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National Metal Manufacturing and Casting Co. (Maadaniyah) trimmed net loss after Zakat and tax by 5.1% year-on-year (YoY) to SAR 7.1 million for Q1 2021, driven by lower selling and distributing expenses, general and administrative expenses (G&As), and financial charges.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 79.55 65.26 (18.0 %)
Gross Income 3.63 3.62 0.0 %
Operating Income (5.73) (5.47) 4.6 %
Net Income (7.46) (7.09) 5.1 %
Average Shares 29.95 29.95 -
EPS (Riyals) (0.25) (0.24) 5.1 %

When compared to the previous quarter, Q1 2021 net losses shrank by 64.2%.

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