Al-Baha Investment and Development Co. reported a net loss after Zakat and tax of SAR 1.6 million for H1 2021, versus a net profit of SAR 830,704 in the prior-year period, driven by higher general and non-recurring expenses.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 5.65 | 5.35 | (5.4 %) |
| Gross Income | 3.53 | 2.90 | (17.9 %) |
| Operating Income | 2.06 | (1.49) | (172.1 %) |
| Net Income | 0.58 | (1.62) | (378.9 %) |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | 0.02 | (0.05) | (378.9 %) |
The company reported a net loss of SAR 635,626 for Q2 2021, versus a net profit of SAR 449,905 in the year-earlier period, due to an expected credit loss of SAR 1.6 million on the repercussions of COVID-19 pandemic.
On a sequential basis, losses shrank 36.09%.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 2.89 | 2.81 | (3.0 %) |
| Gross Income | 1.86 | 1.58 | (15.2 %) |
| Operating Income | 1.12 | (0.93) | (183.2 %) |
| Net Income | 0.31 | (0.66) | (315.3 %) |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | 0.01 | (0.02) | (315.3 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 2.54 | 2.81 | 10.4 % |
| Gross Income | 1.32 | 1.58 | 19.5 % |
| Operating Income | (0.55) | (0.93) | (68.2 %) |
| Net Income | (0.95) | (0.66) | 30.4 % |
| Average Shares | 2,964.00 | 2,964.00 | - |
| EPS (Halala) | (0.03) | (0.02) | 30.4 % |
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