Abdulmohsen Alhokair Group for Tourism and Development cut its net loss after Zakat and tax by 14% to SAR 171.6 million in 2021, from SAR 200.2 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 613.11 | 708.42 | 15.5 % |
| Gross Income | 45.96 | 103.77 | 125.8 % |
| Operating Income | (159.34) | (84.15) | 47.2 % |
| Net Income | (200.16) | (173.72) | 13.2 % |
| Average Shares | 226.54 | 315.00 | 39.1 % |
| EPS (Riyals) | (0.88) | (0.55) | 37.6 % |
The decline in losses was attributed to a 15.5% year-on-year (YoY) rise in revenue to SAR 708.42 million in 2021. Operational losses dropped 46% YoY to SAR 86.09 million.
The group narrowed Q4 2021 net loss after Zakat and tax to SAR 47.7 million, from SAR 95 million in the prior-year period.
In the previous quarter, the company posted a net profit of SAR 6.18 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 149.24 | 193.76 | 29.8 % |
| Gross Income | 7.76 | 33.30 | 329.4 % |
| Operating Income | (50.35) | (7.80) | 84.5 % |
| Net Income | (95.01) | (49.84) | 47.5 % |
| Average Shares | 226.54 | 315.00 | 39.1 % |
| EPS (Riyals) | (0.42) | (0.16) | 62.3 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 191.01 | 193.76 | 1.4 % |
| Gross Income | 40.59 | 33.30 | (18.0 %) |
| Operating Income | (14.49) | (7.80) | 46.2 % |
| Net Income | 6.18 | (49.84) | (906.3 %) |
| Average Shares | 315.00 | 315.00 | - |
| EPS (Riyals) | 0.02 | (0.16) | (906.3 %) |
Shareholders’ equity, after minority interest, jumped 52.7%% to SAR 377.88 million in 2021, from SAR 247.42 million in 2020.
Accumulated losses reached SAR 650 million as of Dec. 31, 2021, representing 41.9% of total capital
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