Financial Results : Seera turns to net loss of SAR 131 mln in Q1 2021

Seera turns to net loss of SAR 131 mln in Q1 2021

06/05/2021 Argaam Exclusive

View other reports

Seera Group Holding reported a net loss after Zakat and tax of SAR 131 million for the first quarter of 2021, from a net profit of SAR 1.1 billion for the same period last year.

 

The company attributed the net loss to the decrease in gross booking value (GBV) due to the precautionary measures and restrictive impact as a result of the COVID-19 outbreak that has directly affected the travel and tourism sector across all verticals.

 

As a consumer driven business, Seera’s Almosafer and Tajawal brands have been hit hard by the pandemic with GBV dropping 61% year-on-year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 396.70 186.26 (53.0 %)
Gross Income 185.20 58.56 (68.4 %)
Operating Income (110.18) (143.81) (30.5 %)
Net Income 1,113.50 (129.98) (111.7 %)
Average Shares 300.00 300.00 -
EPS (Riyals) 3.71 (0.43) (111.7 %)

When compared to previous quarter, the company narrowed its losses in Q1 2021.

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.