Dur Hospitality logs SAR 1.2 mln profit in 2021; Q4 at SAR 9.3 mln

27/03/2022 Argaam Exclusive

View other reports

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.

Financials (M)

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.

Current Quarter Comparison (M)

Compared With The

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.

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

×