Thimar Development Holding Co. swung to a net profit of SAR 2 million in the first half of 2022, against a net loss of SAR 2.5 million in the prior-year period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 0.43 | - | - |
| Gross Income | 0.04 | - | - |
| Operating Income | (2.97) | (2.42) | 18.3 % |
| Net Income | (2.46) | 1.39 | 156.7 % |
| Average Shares | 3.87 | 3.87 | - |
| EPS (Riyals) | (0.63) | 0.36 | 156.7 % |
The positive results were driven by a drop in general and administrative expenses (G&A), alongside a rise in other income.
Thimar narrowed its losses to SAR 541,000 in Q2 2022, from SAR 1.1 million in Q2 2021.
Sequentially, the company turned to a net loss in Q2 2022, from a profit of SAR 2.5 million in Q1 2022.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Operating Income | (1.41) | (1.16) | 17.6 % |
| Net Income | (1.13) | (1.16) | (2.7 %) |
| Average Shares | 3.87 | 3.87 | - |
| EPS (Riyals) | (0.29) | (0.30) | (2.7 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Operating Income | (1.26) | (1.16) | 8.2 % |
| Net Income | 2.55 | (1.16) | (145.5 %) |
| Average Shares | 3.87 | 3.87 | - |
| EPS (Riyals) | 0.66 | (0.30) | (145.5 %) |
Shareholders’ equity, after minority interest, turned to a negative figure at -SAR 94.4 million as of June 30, 2022, down from SAR 33.9 million a year earlier.
Accumulated losses reached SAR 226.9 million by the end of the six-month period, accounting for 226.9% of the company’s capital.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}