Al Abdullatif Industrial Investment Co. narrowed net loss after Zakat and tax to SAR 4.4 million in Q1 2021, compared to a loss of SAR 7.7 million in Q1 2020, driven by higher sales and lower industrial expenses in addition to a slight drop in general and administrative expenses (G&As).
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 133.35 | 154.10 | 15.6 % |
| Gross Income | 5.59 | 9.56 | 71.2 % |
| Operating Income | (2.09) | 0.20 | 109.4 % |
| Net Income | (7.73) | (4.38) | 43.4 % |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.10) | (0.05) | 43.4 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 148.33 | 154.10 | 3.9 % |
| Gross Income | 30.33 | 9.56 | (68.5 %) |
| Operating Income | 16.67 | 0.20 | (98.8 %) |
| Net Income | 8.05 | (4.38) | (154.4 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | 0.10 | (0.05) | (154.4 %) |
The company swung to loss in Q1 2021 versus net profit of SAR 8.05 million in Q4 2020.
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