Tihama Advertising and Public Relations Co. narrowed its net loss after Zakat and tax to SAR 35.5 million for the fiscal year ended March 31, 2022, compared to SAR 72.2 million in year-earlier period.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 73.25 | 76.39 | 4.3 % |
| Gross Income | 10.63 | 15.23 | 43.3 % |
| Operating Income | (55.35) | (44.48) | 19.6 % |
| Net Income | (72.18) | (35.50) | 50.8 % |
| Average Shares | 18.90 | 18.90 | - |
| EPS (Riyals) | (3.82) | (1.88) | 50.8 % |
The reason for the decrease in losses is mainly due to a SAR 11.2 million increase in gross profit, as the advertising segment’s gross profit rose by nearly SAR 5.2 million.
In addition, the company’s share of associates’ earnings grew by SAR 14.6 million. However, selling and administrative expenses surged by SAR 8.8 million, mainly as a result of the expansion of retail operations.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 17.95 | 15.84 | (11.7 %) |
| Gross Income | (0.03) | 2.39 | 7562.5 % |
| Operating Income | (25.32) | (14.96) | 40.9 % |
| Net Income | (40.51) | (6.33) | 84.4 % |
| Average Shares | 18.90 | 18.90 | - |
| EPS (Riyals) | (2.14) | (0.34) | 84.4 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 14.43 | 15.84 | 9.8 % |
| Gross Income | 0.64 | 2.39 | 276.1 % |
| Operating Income | (12.76) | (14.96) | (17.3 %) |
| Net Income | (9.54) | (6.33) | 33.6 % |
| Average Shares | 18.90 | 18.90 | - |
| EPS (Riyals) | (0.50) | (0.34) | 33.6 % |
The fourth-quarter loss reached SAR 6.33 million, compared to SAR 40.53 million in year-earlier period.
Total shareholders’ equity, after minority interest, reached SAR 8.3 million as of March 31, 2022, compared to SAR 44.3 million a year earlier.
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