Financial Results : SIDC cuts net loss by 83% to SAR 1.7 mln in Q1 2021

SIDC cuts net loss by 83% to SAR 1.7 mln in Q1 2021

02/05/2021 Argaam Exclusive

View other reports

Saudi Industrial Development Co. (SIDC) narrowed net losses after Zakat and tax by 83% to SAR 1.7 million in Q1 2021, SAR 10 million in the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 40.30 45.54 13.0 %
Gross Income 7.84 7.91 0.9 %
Operating Income (4.31) (2.26) 47.4 %
Net Income (10.02) (1.74) 82.6 %
Average Shares 13.50 13.50 -
EPS (Riyals) (0.74) (0.13) 82.6 %

The losses decreased due to higher sales and lower operating expenses.

When compared to Q4 2020, the company narrowed net losses after Zakat and tax by 37% from SAR 2.7 million, backed by higher sales and lower operating expenses.

 

Shareholders’ equity, excluding minority interest, grew by 5.84% to SAR 213.6 million by the end of Q1 2021, compared to SAR 201.8 million in the year-ago period.

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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.