Financial Results : Al Abdullatif deepens Q1 2022 net loss to SAR 12.1 mln

Al Abdullatif deepens Q1 2022 net loss to SAR 12.1 mln

23/05/2022 Argaam Exclusive

View other reports

Al Abdullatif Industrial Investment Co. widened Q1 2022 net loss to SAR 12.1 million, from SAR 4.4 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 154.10 181.65 17.9 %
Gross Income 9.56 2.90 (69.7 %)
Operating Income 0.20 (9.22) (4778.2 %)
Net Income (4.38) (12.11) (176.5 %)
Average Shares 81.25 81.25 -
EPS (Riyals) (0.05) (0.15) (176.5 %)

The losses came on the back of lower gross profit during the current quarter compared to the same quarter of the previous year, in addition to operating losses and an increase in the cost of materials.

 

On a sequential basis, net loss shrank from SAR 37.81 million in Q4 2021.

 

Total shareholders’ equity, excluding minority interest, dropped 3.95% year-on-year (YoY) to SAR 1.08 million by the end of Q1 2022.

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.

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.