Naseej International Trading Co. narrowed its net loss after Zakat and tax by 71% to SAR 21.9 million for the nine-month period ended Sept. 30, 2021, from SAR 75.6 million in the year-earlier period, backed by higher sales, as well as lower expenses and asset impairment
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 128.54 | 181.41 | 41.1 % |
| Gross Income | 5.35 | 23.23 | 334.5 % |
| Operating Income | (63.25) | (13.02) | 79.4 % |
| Net Income | (75.61) | (21.87) | 71.1 % |
| Average Shares | 8.91 | 8.91 | - |
| EPS (Riyals) | (8.49) | (2.46) | 71.1 % |
In Q3 2021, the net loss after Zakat and tax decreased by 70% to SAR 11.6 million from SAR 38.8 million a year earlier on lower expenses and asset impairment.
When compared to the previous quarter, Naseej deepened its net loss compared to SAR 5 million, hit by lower sales, high cost of sales, which in turn reduced margins.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 48.52 | 45.28 | (6.7 %) |
| Gross Income | 1.80 | 1.74 | (3.5 %) |
| Operating Income | (36.94) | (8.98) | 75.7 % |
| Net Income | (38.75) | (11.58) | 70.1 % |
| Average Shares | 8.91 | 8.91 | - |
| EPS (Riyals) | (4.35) | (1.30) | 70.1 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 65.86 | 45.28 | (31.2 %) |
| Gross Income | 11.34 | 1.74 | (84.7 %) |
| Operating Income | (1.65) | (8.98) | (444.6 %) |
| Net Income | (5.02) | (11.58) | (130.7 %) |
| Average Shares | 8.91 | 8.91 | - |
| EPS (Riyals) | (0.56) | (1.30) | (130.7 %) |
Shareholders’ equity, after minority interest, fell 45.5% to SAR 33.560 million in the nine-month period, from SAR 61.632 million a year earlier.
Accumulated losses reached SAR 28.07 million in the nine-month period, or 45.55% of 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}}