Kingdom Holding Company has achieved net profits after zakat and tax of SAR 503.307 million during the first half (H1) of 2021, against net losses of SAR 1.176 billion in the same period of 2020.
Turning to profitability is driven by a higher share of results from equity-accounted investees and dividend income and lower impairment of equity-accounted investees, hotels and other operating costs, financial charges, and general, administrative, and marketing expenses, according to a bourse filing on Sunday.
The company generated revenues of SAR 596.34 million in H1-21, down 2.626% from SAR 612.423 million in the corresponding half of the earlier year.
The earnings per share (EPS) settled at SAR 0.13 in the January-June period of 2021, versus losses per share of SAR 0.32 in the same period of 2020.
During the second quarter (Q2) of 2021, the company recorded net profits of SAR 412.246 million in the first six months of 2021, versus net losses of SAR 1.126 billion in the year-ago period.
It is noteworthy to mention that during the first quarter (Q1) of 2021, the company saw a net profit after Zakat and tax worth SAR 91.06 million, against a net loss of SAR 50.11 million in the same period a year ago.
Turning to profitability is driven by a higher share of results from equity-accounted investees and dividend income and lower impairment of equity-accounted investees, hotels and other operating costs, financial charges, and general, administrative, and marketing expenses, according to a bourse filing on Sunday.
The company generated revenues of SAR 596.34 million in H1-21, down 2.626% from SAR 612.423 million in the corresponding half of the earlier year.
The earnings per share (EPS) settled at SAR 0.13 in the January-June period of 2021, versus losses per share of SAR 0.32 in the same period of 2020.
During the second quarter (Q2) of 2021, the company recorded net profits of SAR 412.246 million in the first six months of 2021, versus net losses of SAR 1.126 billion in the year-ago period.
It is noteworthy to mention that during the first quarter (Q1) of 2021, the company saw a net profit after Zakat and tax worth SAR 91.06 million, against a net loss of SAR 50.11 million in the same period a year ago.
No comments:
Post a Comment