Saudi Cable Co. deepened its H1 2022 net loss to SAR 81.6 million, compared to SAR 55.1 million in the prior-year period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 105.20 | 60.38 | (42.6 %) |
| Gross Income | (38.22) | (45.05) | (17.9 %) |
| Operating Income | (68.34) | (78.13) | (14.3 %) |
| Net Income | (55.07) | (81.64) | (48.3 %) |
| Average Shares | 6.67 | 6.67 | - |
| EPS (Riyals) | (8.25) | (12.24) | (48.3 %) |
The losses widened due to a decline in output, higher expenses, and lower profit from subsidiaries and other revenue.
In Q2 2022, the company reported a net loss of SAR 44.5 million, from SAR 19.2 million a year earlier.
Saudi Cable widened losses in Q2 2022 from a loss of SAR 37.2 million in Q1 2022.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 41.35 | 25.03 | (39.5 %) |
| Gross Income | (20.97) | (18.31) | 12.7 % |
| Operating Income | (31.50) | (36.06) | (14.5 %) |
| Net Income | (19.19) | (44.49) | (131.9 %) |
| Average Shares | 6.67 | 6.67 | - |
| EPS (Riyals) | (2.88) | (6.67) | (131.9 %) |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 35.36 | 25.03 | (29.2 %) |
| Gross Income | (26.74) | (18.31) | 31.5 % |
| Operating Income | (42.07) | (36.06) | 14.3 % |
| Net Income | (37.16) | (44.49) | (19.7 %) |
| Average Shares | 6.67 | 6.67 | - |
| EPS (Riyals) | (5.57) | (6.67) | (19.7 %) |
Shareholders’ equity, after minority interest, reached SAR -21.584 million by the end of the six-month period, from SAR 222.724 million a year earlier.
Accumulated losses stood at SAR 240.071 million, or 91.52% of the company’s capital, as of June 30, 2022.
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}}