Ash-Sharqiyah Development narrows H1 2022 loss to SAR 1 mln; Q2 at SAR 405,000

Ash-Sharqiyah Development narrows H1 2022 loss to SAR 1 mln; Q2 at SAR 405,000

25/08/2022 Argaam Exclusive

View other reports

Ash-Sharqiyah Development Co. trimmed H1 2022 net loss after Zakat and tax to SAR 1 million, compared to SAR 2.7 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Gross Income (0.26) - -
Operating Income (3.34) (1.64) 50.9 %
Net Income (2.74) (1.01) 63.4 %
Average Shares 19.65 19.66 0.0 %
Earnings Per Share before unusual items (0.14) (0.05) 63.4 %
EPS (Riyals) (0.14) (0.05) 63.4 %

This was triggered by the absence of additional expenses and lower operating costs on reclassifying some items of expenses year-on-year.

 

The Saudi-listed firm narrowed Q2 2022 net loss after Zakat and tax to SAR 405,000, from SAR 2.43 million a year earlier, driven by the absence of any additional expenses that were recognized during this quarter, in addition to lower operating costs on reclassifying some items of expenses.

 

On a sequential basis, net loss shrank from SAR 600,000.



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Gross Income (0.13) - -
Operating Income (2.82) (0.76) 73.1 %
Net Income (2.43) (0.41) 83.3 %
Average Shares 19.65 19.66 0.0 %
Earnings Per Share before unusual items (0.12) (0.02) 83.3 %
EPS (Riyals) (0.12) (0.02) 83.3 %

Total shareholders’ equity, excluding minority interest, stood at SAR 141.662 million by the end of H1 2022, compared to SAR 140.261 million in the year-earlier period.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.