Dur Hospitality Co. turned to a net profit after Zakat and tax at SAR 1.2 million in 2021, against a net loss of SAR 49.5 million a year before.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 442.32 | 473.15 | 7.0 % |
| Gross Income | 60.82 | 59.50 | (2.2 %) |
| Operating Income | 5.75 | 26.23 | 355.8 % |
| Net Income | (49.50) | 1.19 | 102.4 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | (0.49) | 0.01 | 102.4 % |
The improved results were due to the increase in revenues by 7% as a result of the gradual return to the business sector and the easing of COVID-19 precautionary measures, in addition to the growth in real estate activity revenues as a result of entering new units into operations.
In addition, the company recorded an operating profit of SAR 26.2 million in 2021, compared with SAR 20.5 million a year earlier, driven by improved revenues.
The company also posted a net profit of SAR 9.3 million in Q4 2021, against a loss of SAR 42 million a year before.
On a sequential basis, the company turned profitable from a loss of SAR 6.27 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 109.87 | 142.41 | 29.6 % |
| Gross Income | 0.54 | 30.31 | 5513.0 % |
| Operating Income | (23.44) | 19.45 | 183.0 % |
| Net Income | (42.03) | 9.33 | 122.2 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | (0.42) | 0.09 | 122.2 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 117.00 | 142.41 | 21.7 % |
| Gross Income | 14.18 | 30.31 | 113.8 % |
| Operating Income | 4.63 | 19.45 | 320.5 % |
| Net Income | (6.27) | 9.33 | 248.9 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | (0.06) | 0.09 | 248.9 % |
Total shareholders’ equity, after minority interest, reached SAR 1.557 billion as of Dec. 31, 2021, compared with SAR 1.639 billion a year earlier.
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