Saudi Printing and Packaging Co. widened its net loss after Zakat and tax to SAR 46.7 million for the first nine months of 2021, from SAR 11.6 million in the same period a year earlier.
The company attributed the increase in net loss to lower sales and higher cost of raw materials.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 598.35 | 571.26 | (4.5 %) |
| Gross Income | 101.59 | 63.35 | (37.6 %) |
| Operating Income | 14.07 | (20.17) | (243.3 %) |
| Net Income | (11.60) | (46.66) | (302.4 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.19) | (0.78) | (302.4 %) |
The company turned into a net loss after Zakat and tax of SAR 17.8 million in Q3 2021, compared to a profit of SAR 1.8 million in the same quarter last year, due to due to higher cost of raw materials.
On a quarterly basis, the company widened its losses in Q3 2021 compared to a loss of SAR 15.4 million in Q2 2021.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 204.45 | 203.61 | (0.4 %) |
| Gross Income | 38.23 | 19.14 | (49.9 %) |
| Operating Income | 8.54 | (8.74) | (202.4 %) |
| Net Income | 1.82 | (17.75) | (1073.2 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.03 | (0.30) | (1073.2 %) |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 194.21 | 203.61 | 4.8 % |
| Gross Income | 21.34 | 19.14 | (10.3 %) |
| Operating Income | (6.26) | (8.74) | (39.7 %) |
| Net Income | (15.35) | (17.75) | (15.6 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.26) | (0.30) | (15.6 %) |
Accumulated losses stood at SAR 52.8 million as of Sept. 30, 2021, representing 8.8% of the company’s SAR 600 million capital.
Total shareholders’ equity reached SAR 655.5 million at the end of September 2021, declining from SAR 712.3 million in the same period last year.
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}}