Al Abdullatif Industrial Investment Co.’s net losses after Zakat and tax widened to SAR 47.8 million in 2021, compared to SAR 24.8 million in 2020.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 466.09 | 641.52 | 37.6 % |
| Gross Income | 30.30 | 18.79 | (38.0 %) |
| Operating Income | (6.61) | (26.14) | (295.4 %) |
| Net Income | (24.83) | (47.75) | (92.3 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.31) | (0.59) | (92.3 %) |
The firm reported higher losses due to a rise in material costs and cost of sales, increased marketing and selling expenses, and fall in other income.
The company swung to a net loss after Zakat and tax of SAR 37.8 million in 2021 from a net profit after Zakat and tax of SAR 8.05 million.
Sequentially, losses deepened from SAR 10.59 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 148.33 | 180.34 | 21.6 % |
| Gross Income | 30.33 | (16.53) | (154.5 %) |
| Operating Income | 16.67 | (28.76) | (272.5 %) |
| Net Income | 8.05 | (37.81) | (569.5 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | 0.10 | (0.47) | (569.5 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 156.17 | 180.34 | 15.5 % |
| Gross Income | 8.02 | (16.53) | (306.0 %) |
| Operating Income | (6.05) | (28.76) | (375.4 %) |
| Net Income | (10.59) | (37.81) | (257.0 %) |
| Average Shares | 81.25 | 81.25 | - |
| EPS (Riyals) | (0.13) | (0.47) | (257.0 %) |
Total shareholders’ equity, excluding minority interest, fell 3.2% year-on-year (YoY) to SAR 1.049 billion.
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