Fitaihi Holding Group reported a net profit of SAR 147.1 million for H1 2021, versus a net loss of SAR 19.3 million in the prior-year period, driven by exceptional capital gains of SAR 125.7 million from selling a stake in an associate.
The company also cited higher dividends from equity instruments at fair value.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 22.17 | 27.65 | 24.7 % |
| Gross Income | 6.28 | 12.20 | 94.3 % |
| Operating Income | (8.32) | (3.42) | 58.9 % |
| Net Income | (19.28) | 147.11 | 862.9 % |
| Average Shares | 275.00 | 275.00 | - |
| EPS (Riyals) | (0.07) | 0.53 | 862.9 % |
Fitaihi reported a net profit of SAR 17 million in Q2 2021, versus SAR 16.87 million loss in the year-earlier period, backed by 48% higher sales and increased dividends from equity instruments at fair value.
On a sequential basis, net profit dropped by 87%.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 9.38 | 13.95 | 48.6 % |
| Gross Income | 0.86 | 6.11 | 614.3 % |
| Operating Income | (5.71) | (1.71) | 70.1 % |
| Net Income | (16.87) | 17.01 | 200.8 % |
| Average Shares | 275.00 | 275.00 | - |
| EPS (Riyals) | (0.06) | 0.06 | 200.8 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 13.71 | 13.95 | 1.8 % |
| Gross Income | 6.09 | 6.11 | 0.3 % |
| Operating Income | (1.71) | (1.71) | (0.1 %) |
| Net Income | 130.11 | 17.01 | (86.9 %) |
| Average Shares | 275.00 | 275.00 | - |
| EPS (Riyals) | 0.47 | 0.06 | (86.9 %) |
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