Aseer Trading trims net loss to SAR 28.7 mln in 9M 2021

07/11/2021 Argaam Exclusive

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Aseer Trading, Tourism and Manufacturing Co. trimmed net loss after Zakat and tax to SAR 28.7 million for the first nine months of 2021, from SAR 32.8 million in a year-earlier period.

 

This was driven by lower general and administrative expenses (G&As), lower operating losses, in addition to recording FX gains.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 1,206.99 1,240.77 2.8 %
Gross Income 359.13 356.72 (0.7 %)
Operating Income 42.57 47.36 11.2 %
Net Income (32.81) (28.73) 12.4 %
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items (Riyals) (0.24) (0.23) 4.9 %
EPS (Riyals) (0.26) (0.23) 12.4 %

Q3 2021 net loss after Zakat and tax narrowed 10.44% year-on-year (YoY) to SAR 26.6 million on lower operating losses, decreased G&As, in addition to recording FX gains.

 

The company also cited lower financing expenses.

 

On a sequential basis, net loss widened in Q3 2021, versus SAR 0.8 million in year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 411.24 411.17 0.0 %
Gross Income 122.14 116.64 (4.5 %)
Operating Income 21.93 20.01 (8.7 %)
Net Income (29.74) (26.56) 10.7 %
Average Shares 126.39 126.39 -
Earnings Per Share before unusual items (Riyals) (0.21) (0.21) 2.1 %
EPS (Riyals) (0.24) (0.21) 10.7 %

Total shareholders’ equity (after deducting minority equity) grew 3.6% year-on-year (YoY) to SAR 1.49 billion in the nine-month period.

 

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Share Price

Sinad Holding Co.
11.48
0.42 3.80 %

Sinad Holding Co. (SINAD HOLDING)

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Financial Ratios
Current
Market Cap (M Riyal) 1,450.94
Enterprise Value (EV) (M) 2,196.57
Shares Outstanding ((M)) 126.39
EPS ( Riyal) (TTM) (0.03)
Book Value (BV) ( Riyal) 8.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.35
Return on Average Assets (%) (TTM) (0.15 )
Return on Average Equity (%) (TTM) (0.36 )
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