Jabal Omar Development Co. widened its net loss after Zakat and tax to SAR 1.339 billion for 2020, from SAR 635.1 million in 2019.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 885.22 | 176.68 | (80.0 %) |
| Gross Income | 150.84 | (424.69) | (381.5 %) |
| Operating Income | (117.82) | (757.62) | (543.0 %) |
| Net Income | (635.10) | (1339.01) | (110.8 %) |
| Average Shares | 929.40 | 929.40 | - |
| EPS (Riyals) | (0.68) | (1.44) | (110.8 %) |
The company attributed the increase in loss to a steep decline in revenue due to the pandemic lockdown.
The developer also cited lower other operating income and higher credit loss allowances over the pandemic outbreak, in addition to higher Zakat provision.
In Q4 2020, the company narrowed its net loss after Zakat and tax marginally to SAR 421.2 million from SAR 429.1 million in the same period a year earlier.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 158.16 | 31.72 | (79.9 %) |
| Gross Income | (43.88) | (176.57) | (302.4 %) |
| Operating Income | (158.10) | (316.41) | (100.1 %) |
| Net Income | (429.11) | (421.23) | 1.8 % |
| Average Shares | 929.40 | 929.40 | - |
| EPS (Riyals) | (0.46) | (0.45) | 1.8 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 1.93 | 31.72 | 1541.8 % |
| Gross Income | (67.16) | (176.57) | (162.9 %) |
| Operating Income | (143.06) | (316.41) | (121.2 %) |
| Net Income | (236.95) | (421.23) | (77.8 %) |
| Average Shares | 929.40 | 929.40 | - |
| EPS (Riyals) | (0.25) | (0.45) | (77.8 %) |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}