Financial Results : Saudi Printing trims losses to SAR 13.6 mln in Q1 2021

Saudi Printing trims losses to SAR 13.6 mln in Q1 2021

03/05/2021 Argaam Exclusive

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Saudi Printing and Packaging Co. (SPPC) narrowed net loss after Zakat and tax to SAR 13.6 million in Q1 2021, compared to losses of SAR 14.9 in Q1 2020, driven by lower administrative, selling and marketing expenses and decreased cost of financing.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 194.27 173.44 (10.7 %)
Gross Income 26.89 22.87 (14.9 %)
Operating Income (3.05) (5.17) (69.7 %)
Net Income (14.91) (13.56) 9.1 %
Average Shares 60.00 60.00 -
EPS (Riyals) (0.25) (0.23) 9.1 %

When compared to the previous quarter, net losses widened by 51.5% on higher cost of sales.

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