Arabian Pipes Co. (APC) widened H1 2022 net losses to SAR 17.5 million, from SAR 12 million in the year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 253.42 | 130.93 | (48.3 %) |
| Gross Income | 18.62 | (5.36) | (128.8 %) |
| Operating Income | (3.25) | (25.10) | (673.4 %) |
| Net Income | (12.11) | (17.47) | (44.3 %) |
| Average Shares | 10.00 | 10.00 | - |
| EPS (Riyals) | (1.21) | (1.75) | (44.3 %) |
In Q2 2022, the steel pipe manufacturer trimmed net losses by 67.8% to SAR 4.2 million, from SAR 13.06 million in the corresponding period of 2021.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 124.08 | 70.04 | (43.6 %) |
| Gross Income | 4.91 | (6.43) | (230.9 %) |
| Operating Income | (8.41) | (11.59) | (37.8 %) |
| Net Income | (13.06) | (4.25) | 67.4 % |
| Average Shares | 10.00 | 10.00 | - |
| EPS (Riyals) | (1.31) | (0.43) | 67.4 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 61.72 | 70.04 | 13.5 % |
| Gross Income | 1.43 | (6.43) | (548.0 %) |
| Operating Income | (12.69) | (11.59) | 8.6 % |
| Net Income | (13.21) | (4.25) | 67.8 % |
| Average Shares | 10.00 | 10.00 | - |
| EPS (Riyals) | (1.32) | (0.43) | 67.8 % |
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