Al Kathiri Holding Co. swung to net loss after Zakat and tax of SAR 5.5 million in the first half of 2022, from a profit of SAR 7.3 million in the year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 75.40 | 46.01 | (39.0 %) |
| Gross Income | 21.70 | 0.44 | (98.0 %) |
| Operating Income | 7.86 | (4.43) | (156.3 %) |
| Net Income | 7.25 | (5.52) | (176.2 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 3.21 | (2.44) | (176.2 %) |
The earnings decline came due to a decrease in revenues and an increase in general and administrative expenses, and, selling and marketing expenses.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 40.19 | 20.73 | (48.4 %) |
| Gross Income | 11.81 | (0.59) | (105.0 %) |
| Operating Income | 3.37 | (2.83) | (183.9 %) |
| Net Income | 3.07 | (3.46) | (212.7 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 1.36 | (1.53) | (212.7 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 25.27 | 20.73 | (18.0 %) |
| Gross Income | 1.03 | (0.59) | (157.6 %) |
| Operating Income | (1.60) | (2.83) | (76.6 %) |
| Net Income | (2.06) | (3.46) | (68.0 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | (0.91) | (1.53) | (68.0 %) |
Al Kathiri turned to a net loss after Zakat and tax of SAR 3.5 million in Q2 2022, compared to a net profit after Zakat and tax of SAR 3.1 in Q2 2021.
When compared to the previous quarter, Q2 losses widened from SAR 2.07 million.
Shareholders’ equity, after minority interest, stood at SAR 128.2 million as of June 30, 2022, compared to SAR 132.7 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}