Knowledge City turns to losses of SAR 25.7 mln in 2020

30/03/2021 Argaam Exclusive

View other reports

Knowledge Economic City Co. (KEC) reported a net loss after Zakat and tax of SAR 25.7 million for 2020 from a net profit after Zakat and tax of SAR 18.2 million in 2019.

The company attributed the losses to lower revenue, gains in 2019 from the re-measurement to fair value of a pre-existing interest in a joint venture and land sale.

Financials (M)

Item	2019	2020	Change‬
Revenues	151.76	112.94	(25.6 %)
Gross Income	46.36	24.54	(47.1 %)
Operating Income	4.49	(16.26)	(462.2 %)
Net Income	18.16	(25.72)	(241.6 %)
Average Shares	339.30	339.30	-
EPS (Riyals)	0.05	(0.08)	(241.6 %)

The company widened net loss after Zakat and tax to SAR 3.5 million for Q4 2020, compared to SAR 1.5 million in the year-earlier.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	26.58	20.58	(22.6 %)
Gross Income	4.35	6.45	48.2 %
Operating Income	(4.89)	(3.81)	22.1 %
Net Income	(1.45)	(3.51)	(142.0 %)
Average Shares	339.30	339.30	-
EPS (Riyals)	0.00	(0.01)	(142.0 %)

Item	Q3 2020	Q4 2020	Change‬
Revenues	9.90	20.58	108.0 %
Gross Income	1.12	6.45	476.2 %
Operating Income	(9.63)	(3.81)	60.4 %
Net Income	(15.14)	(3.51)	76.8 %
Average Shares	339.30	339.30	-
EPS (Riyals)	(0.04)	(0.01)	76.8 %

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.

×