Naseej International Trading Co. trimmed net loss after Zakat and tax to SAR 10.3 million for H1 2021, from SAR 36.9 million in the prior-year period, driven by higher sales, improved margins, lower expenses and financial charges.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 80.01 | 136.13 | 70.1 % |
| Gross Income | 3.55 | 21.49 | 506.1 % |
| Operating Income | (26.31) | (4.03) | 84.7 % |
| Net Income | (36.86) | (10.29) | 72.1 % |
| Average Shares | 8.91 | 8.91 | - |
| EPS (Riyals) | (4.14) | (1.16) | 72.1 % |
The company narrowed net loss to SAR 5 million in Q2 2021, from SAR 17.3 million in the year-earlier period, backed by higher sales, improved margins from better product mix, higher capacity utilization and lower expenses.
On a sequential basis, net loss shrank by 4.7%.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 36.98 | 65.86 | 78.1 % |
| Gross Income | 1.95 | 11.34 | 482.4 % |
| Operating Income | (11.93) | (1.65) | 86.2 % |
| Net Income | (17.32) | (5.02) | 71.0 % |
| Average Shares | 8.91 | 8.91 | - |
| EPS (Riyals) | (1.94) | (0.56) | 71.0 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 70.26 | 65.86 | (6.3 %) |
| Gross Income | 10.15 | 11.34 | 11.7 % |
| Operating Income | (2.39) | (1.65) | 30.9 % |
| Net Income | (5.27) | (5.02) | 4.7 % |
| Average Shares | 8.91 | 8.91 | - |
| EPS (Riyals) | (0.59) | (0.56) | 4.7 % |
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