Al Kathiri Holding Co. reported a net profit after Zakat and tax of SAR 7.3 million for the first half of 2021, increasing 213%, from SAR 2.3 million in the year-earlier period.
The higher profit was driven by increased revenue from sales growth and mitigating precautionary measures followed by the Kingdom.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 40.81 | 75.40 | 84.8 % |
| Gross Income | 9.42 | 21.70 | 130.3 % |
| Operating Income | 3.35 | 7.86 | 134.6 % |
| Net Income | 2.34 | 7.25 | 210.3 % |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | 1.09 | 3.21 | 193.6 % |
Al Kathiri turned to a net profit after Zakat and tax of SAR 3.1 million in Q2 2021, compared to a net loss after Zakat and tax of SAR 1.3 in Q2 2020.
When compared to the previous quarter, profit fell 26% due to higher general and administrative expenses.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 15.24 | 40.19 | 163.7 % |
| Gross Income | 1.94 | 11.81 | 508.0 % |
| Operating Income | (0.71) | 3.37 | 574.4 % |
| Net Income | (1.29) | 3.07 | 337.6 % |
| Average Shares | 213.84 | 226.04 | 5.7 % |
| EPS (Halala) | (0.60) | 1.36 | 324.8 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 35.21 | 40.19 | 14.1 % |
| Gross Income | 9.90 | 11.81 | 19.3 % |
| Operating Income | 4.50 | 3.37 | (25.1 %) |
| Net Income | 4.18 | 3.07 | (26.5 %) |
| Average Shares | 226.04 | 226.04 | - |
| EPS (Halala) | 1.85 | 1.36 | (26.5 %) |
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