Knowledge Economic City (KEC) narrowed net loss after Zakat and tax to SAR 71,000 in H1 2021, compared to SAR 7.1 million in prior-year period, driven by higher other income, offset by decreased gross profit.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 82.46 | 32.02 | (61.2 %) |
| Gross Income | 16.97 | 8.60 | (49.3 %) |
| Operating Income | (2.82) | (12.46) | (342.2 %) |
| Net Income | (7.08) | (0.07) | 99.0 % |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.02) | 0.00 | 99.0 % |
KEC reported net profit after Zakat and tax of SAR 4.7 million in Q2 2021, versus net loss of SAR 324,000 in year-earlier period, on higher other income due to liquidating a letter of guarantee at SAR 15.5 million.
On a quarterly basis, the company swung to profit in Q2 2021, versus net loss of SAR 4.75 million in Q1 2021.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 58.99 | 7.39 | (87.5 %) |
| Gross Income | 12.89 | 2.03 | (84.3 %) |
| Operating Income | 3.53 | (9.18) | (359.9 %) |
| Net Income | (0.32) | 4.69 | 1546.0 % |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | 0.00 | 0.01 | 1546.0 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 24.63 | 7.39 | (70.0 %) |
| Gross Income | 6.57 | 2.03 | (69.2 %) |
| Operating Income | (3.28) | (9.18) | (180.0 %) |
| Net Income | (4.76) | 4.69 | 198.5 % |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.01) | 0.01 | 198.5 % |
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