Financial Results : Fitaihi turns to SAR 147.1 mln profit in H1 2021

Fitaihi turns to SAR 147.1 mln profit in H1 2021

12/08/2021 Argaam Exclusive

View other reports

Fitaihi Holding Group reported a net profit of SAR 147.1 million for H1 2021, versus a net loss of SAR 19.3 million in the prior-year period, driven by exceptional capital gains of SAR 125.7 million from selling a stake in an associate.

 

The company also cited higher dividends from equity instruments at fair value.

 



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 22.17 27.65 24.7 %
Gross Income 6.28 12.20 94.3 %
Operating Income (8.32) (3.42) 58.9 %
Net Income (19.28) 147.11 862.9 %
Average Shares 275.00 275.00 -
EPS (Riyals) (0.07) 0.53 862.9 %

Fitaihi reported a net profit of SAR 17 million in Q2 2021, versus SAR 16.87 million loss in the year-earlier period, backed by 48% higher sales and increased dividends from equity instruments at fair value.

 

On a sequential basis, net profit dropped by 87%.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 9.38 13.95 48.6 %
Gross Income 0.86 6.11 614.3 %
Operating Income (5.71) (1.71) 70.1 %
Net Income (16.87) 17.01 200.8 %
Average Shares 275.00 275.00 -
EPS (Riyals) (0.06) 0.06 200.8 %

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.