Saudi Printing and Packaging Co. (SPPC) widened net loss after Zakat and tax to SAR 28.9 million in H1 2021, compared to a loss of SAR 13.4 million in H1 2020, due to lower sales and higher cost of raw materials.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 393.90 | 367.65 | (6.7 %) |
| Gross Income | 64.29 | 44.21 | (31.2 %) |
| Operating Income | 5.53 | (11.43) | (306.6 %) |
| Net Income | (13.42) | (28.91) | (115.4 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.22) | (0.48) | (115.4 %) |
In Q2 2021, SPPC swung to net loss after Zakat and tax of SAR 15.4 million, compared to a profit of SAR 1.5 million in Q2 2020, due to lower gross profit.
On a sequential basis, Q2 net loss narrowed from SAR 13.6 million.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 199.63 | 194.21 | (2.7 %) |
| Gross Income | 37.40 | 21.34 | (42.9 %) |
| Operating Income | 8.58 | (6.26) | (172.9 %) |
| Net Income | 1.49 | (15.35) | (1128.3 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.02 | (0.26) | (1128.3 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 173.44 | 194.21 | 12.0 % |
| Gross Income | 22.87 | 21.34 | (6.7 %) |
| Operating Income | (5.17) | (6.26) | (20.9 %) |
| Net Income | (13.56) | (15.35) | (13.2 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.23) | (0.26) | (13.2 %) |
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