Al-Baha extends 9M 2022 loss to SAR 4.9 mln, Q3 at SAR 600,000

08/11/2022 Argaam Exclusive

View other reports

Al-Baha Investment and Development Co. widened net losses after Zakat and tax to SAR 4.9 million in the first nine months of 2022, from SAR 2.4 million in the year-earlier period.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	7.93	7.98	0.5 %
Gross Income	4.17	3.55	(14.9 %)
Operating Income	(1.59)	1.01	163.4 %
Net Income	(2.44)	(4.89)	(101.0 %)
Average Shares	2,964.00	2,970.00	0.2 %
EPS (Halala)	(0.08)	(0.16)	(100.6 %)

The increase in net losses is attributed to recording non-recurring expenses related to the company's capital increase file, in addition to higher financing costs.

In Q3 2022, Al-Baha narrowed its losses to SAR 600,000, from SAR 820,000 in Q3 2021.

Compared to Q2 2022, losses saw a three-fold jump from SAR 200,000 due to no other revenue.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	2.59	2.80	8.3 %
Gross Income	1.27	1.30	2.3 %
Operating Income	(0.11)	0.20	291.4 %
Net Income	(0.82)	(0.60)	26.5 %
Average Shares	2,964.00	2,970.00	0.2 %
EPS (Halala)	(0.03)	(0.02)	26.6 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	2.62	2.80	7.0 %
Gross Income	1.17	1.30	11.2 %
Operating Income	0.41	0.20	(50.6 %)
Net Income	(0.20)	(0.60)	(208.7 %)
Average Shares	2,970.00	2,970.00	-
EPS (Halala)	(0.01)	(0.02)	(208.7 %)

Total shareholders’ equity, excluding minority interest, rose to SAR 214.462 million as of Sept. 30, 2022, from SAR 105.265 million a year earlier.

Accumulated losses came in at SAR 82.538 million by the end of the nine-month period, representing 27.79% of the company’s capital.

View More Financial Results

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.

×