Riyadh – Mubasher: Saudi Ground Services Company registered a net loss after Zakat and tax worth SAR 109.85 million in the first half (H1) of 2021, lower by 55.9% than SAR 249.41 million in the same six months last year.
The loss per share stood at SAR 0.58 in H1-21, compared to SAR 1.33 in H1-20, according to a bourse filing on Sunday.
Revenues grew by 19% to SAR 747.77 million in H1-21 from SAR 627.26 million in H1-20.
During the second quarter (Q2) of 2021, Saudi Ground Services logged 52.9% lower losses at SAR 93.16 million from SAR 197.87 million in Q2-20.
Revenues jumped annually by 225.6% to SAR 374.82 million in Q2-21 from SAR 115.09 million in Q2-20.
On a quarterly basis, the losses in Q2-21 deepened by 458% from SAR 16.69 million in Q1-21, while the revenues went up 0.5% from SAR 372.95 million.
