Ash-Sharqiyah Development widens net loss to SAR 2.7 mln in H1 2021

18/08/2021 Argaam Exclusive
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Ash-Sharqiyah Development Co. widened net loss after Zakat and tax by more than two-fold to SAR 2.7 million in H1 2021, from SAR 1.01 million in year-earlier period, driven by recording the full dues of the CEO, in addition to the reclassification of some expenses.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Gross Income (0.20) (0.26) (28.1 %)
Operating Income (1.03) (3.34) (225.0 %)
Net Income (1.01) (2.74) (170.6 %)
Average Shares 19.65 19.65 -
Earnings Per Share before unusual items (0.05) (0.14) (170.6 %)
EPS (Riyals) (0.05) (0.14) (170.6 %)

The company widened net loss after Zakat and tax to SAR 2.43 million in Q2 2021, from SAR 504,345 in year-earlier period, due to recording the CEO’s dues for the previous periods during the current quarter, in addition to the reclassification of some expenses.

 

On a sequential basis, losses widened to SAR 2.43 million, from SAR 313,942 in Q1 2021.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Gross Income (0.10) (0.13) (28.4 %)
Operating Income (0.53) (2.82) (430.8 %)
Net Income (0.50) (2.43) (382.1 %)
Average Shares 19.65 19.65 -
Earnings Per Share before unusual items (0.03) (0.12) (382.1 %)
EPS (Riyals) (0.03) (0.12) (382.1 %)

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Share Price

Ash-Sharqiyah Development Co.
18.60
(0.28) (1.48 %)

Ash-Sharqiyah Development Co. (SHARQIYAH DEV)

1 Day (1.48 %) 5 Days (1.48 %) 3 Months (7.28 %) 6 Months (11.43 %) Year 0.43 % 2 Years (18.12 %) 5 Years (5.22 %) All 407.46 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:4012:0012:1012:2012:3012:4012:5013:0013:1013:2013:4013:5014:0014:1014:2014:3014:4014:5015:10135.5136136.5137137.5138138.5139139.5140140.5
Close : 138.80 | Apr 3, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 558.00
Enterprise Value (EV) (M) 380.45
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) (0.14)
Book Value (BV) ( Riyal) 11.94
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.56
Return on Average Assets (%) (TTM) (1.00 )
Return on Average Equity (%) (TTM) (1.15 )
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