Saudi Vitrified Clay Pipes Co. (SVCP) widened its net loss to SAR 20.2 million in H1 2025, from SAR 17.6 million in the prior-year period.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Revenues | 24.48 | 27.85 | 13.7 % |
Gross Income | (7.74) | (5.46) | 29.4 % |
Operating Income | (16.53) | (18.80) | (13.7 %) |
Net Income | (17.58) | (20.21) | (15.0 %) |
Average Shares | 15.00 | 15.00 | - |
Earnings Per Share before unusual items (Riyals) | (1.17) | (1.35) | (15.0 %) |
EPS (Riyal) | (1.17) | (1.35) | (15.0 %) |
This was due to higher operating expenses and financing charges. However, the company reported higher revenues as its subsidiary achieved increased sales of cement products.
SVCP's Q2 2025 losses reached SAR 11.5 million, down from SAR 12.08 million a year earlier, due to higher revenues during the quarter.
The three-month net losses, however, widened from SAR 8.63 million in Q1 2025.
Item | Q2 2024 | Q2 2025 | Change |
---|---|---|---|
Revenues | 9.66 | 14.76 | 52.8 % |
Gross Income | (7.25) | (4.44) | 38.7 % |
Operating Income | (10.99) | (10.88) | 1.0 % |
Net Income | (12.08) | (11.46) | 5.1 % |
Average Shares | 15.00 | 15.00 | - |
Earnings Per Share before unusual items (Riyal) | (0.81) | (0.76) | 5.1 % |
EPS (Riyal) | (0.81) | (0.76) | 5.1 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 13.10 | 14.76 | 12.7 % |
Gross Income | (1.02) | (4.44) | (336.9 %) |
Operating Income | (7.80) | (10.88) | (39.5 %) |
Net Income | (8.63) | (11.46) | (32.8 %) |
Average Shares | 15.00 | 15.00 | - |
Earnings Per Share before unusual items (Riyal) | (0.58) | (0.76) | (32.8 %) |
EPS (Riyal) | (0.58) | (0.76) | (32.8 %) |
Shareholders’ equity, no minority interest, dropped to SAR 81.83 million as of June 30, 2025, from SAR 189.75 million a year earlier.
Accumulated losses reached SAR 68.17 million at the end of H1 2025, representing 45.45% of the company's capital.
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