Al Abdullatif Industrial Investment Co. widened net loss after Zakat and tax to SAR 31.1 million for the first nine months of 2022, from SAR 10 million in the year-earlier period, spurred by higher cost of sales, increased selling expenses and higher cost of financing.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 461.18 | 492.48 | 6.8 % |
| Gross Income | 35.32 | 14.27 | (59.6 %) |
| Operating Income | 2.62 | (18.63) | (811.6 %) |
| Net Income | (9.95) | (31.13) | (212.9 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.12) | (0.38) | (212.9 %) |
Al Abdullatif widened Q3 2022 net loss after Zakat and tax by 47% to SAR 15.6 million, from SAR 10.59 million in the year-earlier period, on lower sales, higher cost of sales, and increased cost of financing.
On a sequential basis, net losses deepened compared to SAR 3.45 million in Q2 2022.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 156.17 | 142.60 | (8.7 %) |
| Gross Income | 8.02 | (1.15) | (114.3 %) |
| Operating Income | (6.05) | (10.28) | (69.9 %) |
| Net Income | (10.59) | (15.57) | (47.0 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.13) | (0.19) | (47.0 %) |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 168.23 | 142.60 | (15.2 %) |
| Gross Income | 10.52 | (1.15) | (110.9 %) |
| Operating Income | (1.13) | (10.28) | (806.6 %) |
| Net Income | (3.45) | (15.57) | (351.5 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.04) | (0.19) | (351.5 %) |
Total shareholders’ equity, excluding minority interest, stood at SAR 1.305 billion as of Sept. 30, 2022, compared to SAR 1.121 billion in the prior-year period.
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