Financial Results : Jabal Omar narrows losses to SAR 182.5 mln in Q1 2022

Jabal Omar narrows losses to SAR 182.5 mln in Q1 2022

24/05/2022 Argaam Exclusive

View other reports

Jabal Omar Development Co. narrowed its net loss after Zakat and tax to SAR 182.5 million for the first quarter of 2022, from SAR 345.3 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 21.57 109.65 408.3 %
Gross Income (88.45) (25.74) 70.9 %
Operating Income (129.18) (73.02) 43.5 %
Net Income (345.30) (182.46) 47.2 %
Average Shares 929.40 1,041.97 12.1 %
EPS (Riyals) (0.37) (0.18) 52.9 %

The company attributed the lower losses to higher year-on-year (YoY) momentum in business operations of hotels and malls.

 

However, fixed nature of the cost of revenues resulted in gross loss. General and administrative expenses fell by 27% YoY.

 

When compared to Q4 2021, the company turned to a loss from a profit of SAR 1.290 million.

 

Total shareholders’ equity, after minority interest, reached SAR 8.444 billion as of March 31, 2022, compared to SAR 6.643 billion a year earlier.

 

Accumulated losses amounted to SAR 1.362 billion at the end of Q1 2022, or 14.65% of 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.

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.