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Batic Investments turns profitable in H1-21

Batic Investments turns profitable in H1-21
Earnings per share stood at SAR 0.003 in H1-21
BATIC
4110
0.32% 46.45 0.15

Riyadh – Mubasher: Batic Investments and Logistics Company registered net profits after Zakat and tax worth SAR 90,712 in the first half (H1) of 2021, against losses of SAR 10.31 million in H1-20.

Earnings per share stood at SAR 0.003 in H1-21, compared to a loss per share of SAR 0.34 in H1-20, according to the financial results on Tadawul.

Revenues increased by 6.9% to SAR 217.88 million in the January-June 2021 period from SAR 203.68 million in the same six months a year ago.

In the second quarter (Q2) of 2021, Batic Investments also turned to profits worth SAR 3.85 million, versus losses of SAR 7.19 million in Q2-20.

Revenues soared by 10.7% to SAR 108.59 million in Q2-21 from SAR 98.05 million in Q2-20.

Quarter-on-quarter (QoQ), the net profits in Q2-21 were against losses worth SAR 3.76 million in Q1-21, while the revenues went down marginally by 0.6% from SAR 108.59 million.