Red Sea International Co. deepened net loss after Zakat and tax by 18.5% to SAR 62.1 million for the first six months of 2021, compared to SAR 52.4 million in the year-earlier period.
The losses widened due to a decrease in revenue and gross profit compared to last year.
Item | 6m 2020 | 6m 2021 | Change |
---|---|---|---|
Revenues | 284.27 | 236.02 | (17.0 %) |
Gross Income | 6.53 | (15.14) | (331.7 %) |
Operating Income | (45.76) | (54.81) | (19.8 %) |
Net Income | (52.45) | (62.08) | (18.4 %) |
Average Shares | 30.23 | 30.23 | - |
EPS (Riyals) | (1.73) | (2.05) | (18.4 %) |
In the second quarter, net loss after Zakat and tax widened 7.7% YoY to SAR 29.4 million, compared to SAR 27.3 million in Q2 2020.
On a quarterly basis, net loss shrank by 10% on higher revenue and lower gross loss.
Item | Q2 2020 | Q2 2021 | Change |
---|---|---|---|
Revenues | 128.81 | 127.66 | (0.9 %) |
Gross Income | 0.40 | (6.32) | (1688.2 %) |
Operating Income | (25.31) | (26.17) | (3.4 %) |
Net Income | (27.31) | (29.43) | (7.7 %) |
Average Shares | 30.23 | 30.23 | - |
EPS (Riyals) | (0.90) | (0.97) | (7.7 %) |
Item | Q1 2021 | Q2 2021 | Change |
---|---|---|---|
Revenues | 108.36 | 127.66 | 17.8 % |
Gross Income | (8.82) | (6.32) | 28.3 % |
Operating Income | (28.64) | (26.17) | 8.6 % |
Net Income | (32.66) | (29.43) | 9.9 % |
Average Shares | 30.23 | 30.23 | - |
EPS (Riyals) | (1.08) | (0.97) | 9.9 % |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}