Riyadh – Mubasher: Al Kathiri Holding Company achieved net profits after Zakat and tax worth SAR 7.3 million in the first half (H1) of 2021, a jump of 212.5% from SAR 2.33 million in H1-20.
Earnings per share stood at SAR 0.64 in H1-21, compared to SAR 0.21 in H1-20, according to the financial results on Wednesday.
Revenues grew annually by 84% to SAR 75.4 million in the January-June 2021 period from SAR 40.8 million in the same six months last year.
In the second quarter (Q2) of 2021, the company turned to profits of SAR 3.1 million against losses worth SAR 1.29 million in Q2-20.
Revenues grew by 163% to SAR 40.19 million in Q2-21 from SAR 15.24 million in Q2-20.
On a quarterly basis, the net profits in Q2-21 were 26% lower than SAR 4.19 million in Q1-21, while the revenues soared by 14% to SAR 35.2 million.
