Saudi Printing and Packaging Co. (SPPC) narrowed net loss after Zakat and tax to SAR 13.6 million in Q1 2021, compared to losses of SAR 14.9 in Q1 2020, driven by lower administrative, selling and marketing expenses and decreased cost of financing.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 194.27 | 173.44 | (10.7 %) |
| Gross Income | 26.89 | 22.87 | (14.9 %) |
| Operating Income | (3.05) | (5.17) | (69.7 %) |
| Net Income | (14.91) | (13.56) | 9.1 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.25) | (0.23) | 9.1 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 169.34 | 173.44 | 2.4 % |
| Gross Income | 25.83 | 22.87 | (11.4 %) |
| Operating Income | (0.11) | (5.17) | (4,477.0 %) |
| Net Income | (8.95) | (13.56) | (51.5 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.15) | (0.23) | (51.5 %) |
When compared to the previous quarter, net losses widened by 51.5% on higher cost of sales.
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