Tihama Advertising and Public Relations Co. widened net loss after Zakat and tax to SAR 74.7 million for the fiscal year ended March 31, 2021, compared to net loss of SAR 25.6 million in year-earlier period.
The losses were driven by lower gross profit of business segments and a decline in the company’s revenue due to the COVID-19 outbreak.
The company also cited higher expenses related to the capital increase and lower profit share from associates.
In Q4 2020/21, net losses stood at SAR 43 million.
Accumulated losses reached SAR 115.96 million, or 66.3% of capital as of March 31, 2021.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 96.81 | 73.25 | (24.3 %) |
| Gross Income | 30.20 | 10.63 | (64.8 %) |
| Operating Income | (36.15) | (55.35) | (53.1 %) |
| Net Income | (25.59) | (72.18) | (182.0 %) |
| Average Shares | 17.01 | 18.90 | 11.1 % |
| EPS (Riyals) | (1.51) | (3.82) | (153.7 %) |
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 24.48 | 17.95 | (26.7 %) |
| Gross Income | 5.12 | (0.03) | (100.6 %) |
| Operating Income | (20.40) | (25.32) | (24.1 %) |
| Net Income | (12.69) | (40.51) | (219.3 %) |
| Average Shares | 17.01 | 18.90 | 11.1 % |
| EPS (Riyals) | (0.75) | (2.14) | (187.3 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 12.33 | 17.95 | 45.6 % |
| Gross Income | 2.28 | (0.03) | (101.4 %) |
| Operating Income | (16.21) | (25.32) | (56.2 %) |
| Net Income | (14.62) | (40.51) | (177.1 %) |
| Average Shares | 18.90 | 18.90 | - |
| EPS (Riyals) | (0.77) | (2.14) | (177.1 %) |
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