Batic Investments and Logistics Co. widened net losses after Zakat and tax to SAR 3.8 million in Q1 2021, from SAR 3.1 million in the year-earlier period.
The company cut reported a 92% increase year-on-year (YoY) in operating costs. Moreover, finance costs increased by 98% YoY during the current quarter to SAR 2.75 million.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 105.67 | 123.64 | 17.0 % |
| Gross Income | 14.36 | 9.40 | (34.6 %) |
| Operating Income | (2.61) | (2.45) | 6.1 % |
| Net Income | (3.11) | (3.23) | (3.6 %) |
| Average Shares | 584.96 | 584.96 | - |
| EPS (Riyals) | (0.01) | (0.01) | (3.6 %) |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 122.50 | 123.64 | 0.9 % |
| Gross Income | 10.02 | 9.40 | (6.2 %) |
| Operating Income | (12.00) | (2.45) | 79.6 % |
| Net Income | (10.47) | (3.23) | 69.2 % |
| Average Shares | 584.96 | 584.96 | - |
| EPS (Riyals) | (0.02) | (0.01) | 69.2 % |
When compared to the previous quarter, net losses narrowed by 67.8% from SAR 11.7 million, thanks to a 6% increase in operating revenue during the current quarter.
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