Tihama Advertising and Public Relations Co. widened net loss after Zakat and tax to SAR 11.5 million for the first quarter ended June 30, 2021, compared to SAR 4.6 million in year-earlier period.
The losses were driven by lower gross profit of business segments and a decline in revenue due to the COVID-19 outbreak.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 21.55 | 13.89 | (35.5 %) |
| Gross Income | 4.91 | 2.56 | (47.9 %) |
| Operating Income | (5.46) | (10.89) | (99.6 %) |
| Net Income | (3.10) | (11.53) | (272.4 %) |
| Average Shares | 17.01 | 18.90 | 11.1 % |
| EPS (Riyals) | (0.18) | (0.61) | (235.0 %) |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 17.95 | 13.89 | (22.6 %) |
| Gross Income | (0.03) | 2.56 | 8087.5 % |
| Operating Income | (25.32) | (10.89) | 57.0 % |
| Net Income | (40.51) | (11.53) | 71.5 % |
| Average Shares | 18.90 | 18.90 | - |
| EPS (Riyals) | (2.14) | (0.61) | 71.5 % |
On a sequential basis, the company narrowed net losses on higher gross profit from business segments, higher share of associate’s profit, and lower general and selling expenses.
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