Raydan trims net loss to SAR 13 mln in H1 2021

19/08/2021 Argaam Exclusive
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Raydan Food Co. trimmed net loss after Zakat and tax to SAR 13 million for H1 2021, from SAR 15.5 million in the prior-year period, driven by lower selling and marketing expenses, in addition to decreased financing expenses.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 72.10 66.08 (8.4 %)
Gross Income (3.88) (2.63) 32.2 %
Operating Income (13.68) (11.80) 13.7 %
Net Income (15.49) (13.49) 12.9 %
Average Shares 13.92 13.92 -
Earnings Per Share before unusual items (1.11) (0.97) 12.9 %
EPS (Riyals) (1.11) (0.97) 12.9 %

The company narrowed net loss to SAR 4.1 million in Q2 2021, from SAR 8.83 million in the year-earlier period, backed by higher sales revenue, and lower selling and marketing expenses.

 

On a sequential basis, net loss shrank by 53.3%.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 23.41 33.20 41.8 %
Gross Income (3.96) 0.31 107.8 %
Operating Income (7.86) (3.46) 56.0 %
Net Income (8.84) (4.24) 52.0 %
Average Shares 13.92 13.92 -
Earnings Per Share before unusual items (0.64) (0.30) 52.0 %
EPS (Riyals) (0.64) (0.30) 52.0 %

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Share Price

Raydan Food Co.
20.70
(0.30) (1.43 %)

Raydan Food Co. (RAYDAN)

1 Day (1.43 %) 5 Days (1.90 %) 3 Months (4.17 %) 6 Months (23.33 %) Year (27.37 %) 2 Years (19.14 %) 5 Years 7.03 % All (66.66 %)
Created with Highstock 6.0.710:0510:2010:3010:4511:0511:2011:3511:4512:0512:2512:5513:1013:1513:2013:3013:3513:4513:5014:0014:1014:2014:2514:3014:3514:4014:4514:5014:5515:1015:1520.520.620.720.820.92121.121.221.321.4
Close : 20.70 | Mar 27, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 327.27
Enterprise Value (EV) (M) 329.74
Shares Outstanding ((M)) 15.81
EPS ( Riyal) (TTM) (4.62)
Book Value (BV) ( Riyal) 5.12
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 4.04
Return on Average Assets (%) (TTM) (28.53 )
Return on Average Equity (%) (TTM) (42.11 )
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