Dur widens net loss to SAR 8.1 mln in 9M 2021

08/11/2021 Argaam Exclusive

View other reports

Dur Hospitality Co. widened its net loss after Zakat and tax to SAR 8.1 million for the first nine months of 2021, from SAR 7.5 million in the same period a year earlier.

Financials (M)

Item	9m 2020	9m 2021	Change‬
Revenues	332.45	330.74	(0.5 %)
Gross Income	60.28	29.19	(51.6 %)
Operating Income	29.20	6.78	(76.8 %)
Net Income	(7.47)	(8.14)	(9.0 %)
Average Shares	100.00	100.00	-
EPS (Riyals)	(0.07)	(0.08)	(9.0 %)

The company attributed the increase in net loss to the repercussions of COVID-19 during the whole period, compared to part of the same period of the previous year being affected by the same.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2020	Q3 2021	Change‬
Revenues	99.59	117.00	17.5 %
Gross Income	14.41	14.18	(1.6 %)
Operating Income	6.53	4.63	(29.1 %)
Net Income	(8.41)	(6.27)	25.5 %
Average Shares	100.00	100.00	-
EPS (Riyals)	(0.08)	(0.06)	25.5 %

Item	Q2 2021	Q3 2021	Change‬
Revenues	113.56	117.00	3.0 %
Gross Income	12.22	14.18	16.0 %
Operating Income	3.94	4.63	17.4 %
Net Income	(3.74)	(6.27)	(67.4 %)
Average Shares	100.00	100.00	-
EPS (Riyals)	(0.04)	(0.06)	(67.4 %)

The company narrowed its net loss after Zakat and tax to SAR 6.3 million in Q3 2021, compared to SAR 8.4 million in the same quarter last year, due to the improvement in revenue on improved operation of the company's facilities.

On a quarterly basis, the company also widened its losses in Q3 2021 compared to a loss of SAR 3.7 million in Q2 2021.

Accumulated losses stood at SAR 6.753 million as of Sept. 30, 2021, representing 0.68% of the company’s SAR 1 billion capital.

Total shareholders’ equity reached SAR 1.631 billion at the end of September 2021, declining from SAR 1.684 billion in the same period last year.

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.

×