Saudi Ground Services 2021 losses narrow to SAR 254.4 mln; Q4 at SAR 101.1 mln

24/03/2022 Argaam Exclusive
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Saudi Ground Services Co.’s net loss after Zakat and tax narrowed to SAR 254.4 million in 2021, compared to SAR 454.3 million in 2020.



Financials (M)

Item 2020 2021 Change‬
Revenues 1,251.84 1,607.93 28.4 %
Gross Income (20.70) 194.98 1042.0 %
Operating Income (405.01) (183.62) 54.7 %
Net Income (454.30) (254.41) 44.0 %
Average Shares 188.00 188.00 -
Earnings Per Share before unusual items (2.42) (1.35) 44.0 %
EPS (Riyals) (2.42) (1.35) 44.0 %

The company’s comprehensive loss decreased 47.5% year-on-year (YoY) to SAR 234.5 million due to the continuous operational recovery. Although revenue improved 28.4%, operating costs rose 11% amid the reduction of SANED support of SAR 141.7 million YoY.

 

The company’s Q4 2021 net loss after Zakat and tax trimmed to SAR 101.1 million from SAR 118.1 million.

 

Sequentially, losses more than doubled from SAR 43.49 million in Q3 2021.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 356.67 439.46 23.2 %
Gross Income 12.26 69.59 467.5 %
Operating Income (103.27) (71.45) 30.8 %
Net Income (118.09) (101.07) 14.4 %
Average Shares 188.00 188.00 -
Earnings Per Share before unusual items (0.63) (0.54) 14.4 %
EPS (Riyals) (0.63) (0.54) 14.4 %

Total shareholders’ equity, excluding minority interest, fell 9.4% YoY to SAR 2.264 billion.

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Share Price

Saudi Ground Services Co.
51.60
(0.10) (0.19 %)

Saudi Ground Services Co. (SGS)

1 Day (0.19 %) 5 Days (0.77 %) 3 Months 4.67 % 6 Months (2.64 %) Year (2.27 %) 2 Years 136.26 % 5 Years 130.36 % All (6.18 %)
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:1011:3011:5012:0012:2012:4012:5013:0013:2013:3013:4013:5014:0014:1014:2014:3014:4014:5015:2051.451.551.651.751.851.95252.152.252.3
Close : 51.60 | Mar 27, 15:20
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Financial Ratios
Current
Market Cap (M Riyal) 9,700.80
Enterprise Value (EV) (M) 8,990.57
Shares Outstanding ((M)) 188.00
EPS ( Riyal) (TTM) 1.74
Book Value (BV) ( Riyal) 13.37
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 29.66
P/E (TTM) 29.66
Price/book 3.86
Return on Average Assets (%) (TTM) 7.7
Return on Average Equity (%) (TTM) 9.7
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