Batic Investments and Logistics Co. reported net profit after Zakat and tax of SAR 90,700 for H1 2021, versus net loss of SAR 10.31 million in prior-year period, driven by an increase in realized and unrealized revenues from investments at fair value.
The company also cited higher operating revenue and increased gross profit.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 203.68 | 236.73 | 16.2 % |
| Gross Income | 19.30 | 19.63 | 1.7 % |
| Operating Income | (9.40) | 0.25 | 102.6 % |
| Net Income | (10.31) | 0.13 | 101.3 % |
| Average Shares | 584.96 | 584.96 | - |
| EPS (Riyals) | (0.02) | 0.00 | 101.3 % |
The company swung to SAR 3.9 million net profit in Q2 2021, versus net loss of SAR 7.20 million in year-earlier period, due to higher operating revenue, and increased gross profit.
On a sequential basis, the company turned to profit in Q2, versus SAR 3.76 million loss in Q1 2021.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 98.05 | 113.09 | 15.3 % |
| Gross Income | 4.97 | 10.23 | 105.7 % |
| Operating Income | (6.79) | 2.70 | 139.7 % |
| Net Income | (7.20) | 3.36 | 146.6 % |
| Average Shares | 584.96 | 584.96 | - |
| EPS (Riyals) | (0.01) | 0.01 | 146.6 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 123.64 | 113.09 | (8.5 %) |
| Gross Income | 9.40 | 10.23 | 8.8 % |
| Operating Income | (2.45) | 2.70 | 210.0 % |
| Net Income | (3.23) | 3.36 | 204.1 % |
| Average Shares | 584.96 | 584.96 | - |
| EPS (Riyals) | (0.01) | 0.01 | 204.1 % |
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