Al Abdullatif Industrial Investment Co. reported a net profit of SAR 640,000 for H1 2021, versus SAR 20.8 million net loss in the prior-year period, driven by lower cost of finance, and investment profit at fair value.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 215.21 | 305.01 | 41.7 % |
| Gross Income | 2.05 | 27.29 | 1228.8 % |
| Operating Income | (13.07) | 8.67 | 166.3 % |
| Net Income | (20.76) | 0.64 | 103.1 % |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.26) | 0.01 | 103.1 % |
The company posted a net profit of SAR 5 million in Q2 2021, versus a net loss of SAR 13.03 million in the year-earlier period, on higher sales, lower industrial expenses, and decreased cost of financing.
On a sequential basis, the firm swung to profit against SAR 4.38 million loss in Q1 2021.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 81.86 | 150.91 | 84.4 % |
| Gross Income | (3.53) | 17.73 | 601.8 % |
| Operating Income | (10.98) | 8.47 | 177.1 % |
| Net Income | (13.03) | 5.02 | 138.5 % |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.16) | 0.06 | 138.5 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 154.10 | 150.91 | (2.1 %) |
| Gross Income | 9.56 | 17.73 | 85.4 % |
| Operating Income | 0.20 | 8.47 | 4200.0 % |
| Net Income | (4.38) | 5.02 | 214.7 % |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.05) | 0.06 | 214.7 % |
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