Riyadh – Mubasher: Kingdom Holding Company achieved a net profit after Zakat and tax worth SAR 91.06 million during the first quarter (Q1) of 2021, against a net loss of SAR 50.11 million in the same period a year ago.

Earnings per share stood at SAR 0.02 in Q1-21, versus a loss per share of SAR 0.01 in Q1-20, according to the initial financial results.

Revenues shrank by 56% to SAR 174.88 million during the January-March 2021 period, from SAR 397.92 million in Q1-20.

On a quarterly basis, the net profit in Q1-21 was against a net loss of SAR 97.2 million in Q4-20.

The revenues in the first three months of 2021 were higher by almost 50% compared to SAR 116.68 million in Q4-20.