Saudi Ground Services Co.’s net loss after Zakat and tax narrowed to SAR 254.4 million in 2021, compared to SAR 454.3 million in 2020.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 1,251.84 | 1,607.93 | 28.4 % |
| Gross Income | (20.70) | 194.98 | 1042.0 % |
| Operating Income | (405.01) | (183.62) | 54.7 % |
| Net Income | (454.30) | (254.41) | 44.0 % |
| Average Shares | 188.00 | 188.00 | - |
| EPS (Riyals) | (2.42) | (1.35) | 44.0 % |
The company’s comprehensive loss decreased 47.5% year-on-year (YoY) to SAR 234.5 million due to the continuous operational recovery. Although revenue improved 28.4%, operating costs rose 11% amid the reduction of SANED support of SAR 141.7 million YoY.
The company’s Q4 2021 net loss after Zakat and tax trimmed to SAR 101.1 million from SAR 118.1 million.
Sequentially, losses more than doubled from SAR 43.49 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 356.67 | 439.46 | 23.2 % |
| Gross Income | 12.26 | 69.59 | 467.5 % |
| Operating Income | (103.27) | (71.45) | 30.8 % |
| Net Income | (118.09) | (101.07) | 14.4 % |
| Average Shares | 188.00 | 188.00 | - |
| EPS (Riyals) | (0.63) | (0.54) | 14.4 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 420.69 | 439.46 | 4.5 % |
| Gross Income | 56.94 | 69.59 | 22.2 % |
| Operating Income | (32.01) | (71.45) | (123.2 %) |
| Net Income | (43.49) | (101.07) | (132.4 %) |
| Average Shares | 188.00 | 188.00 | - |
| EPS (Riyals) | (0.23) | (0.54) | (132.4 %) |
Total shareholders’ equity, excluding minority interest, fell 9.4% YoY to SAR 2.264 billion.
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}}