Thimar net loss declines to SR1.12 mln in Q2 of 2021 by 35%

Thimar Development Holding Co. announced a decline in Net (Loss after Zakat and Tax in the second quarter of the year 2021 to 1.12 mln riyals, compared to 1.7 mln riyals in the same quarter of last year, by 35%. This came after today’s announcement of the preliminary financial results for the period ending in 2021- 06-30 (six months).

The Loss after Zakat and Tax during the 6-month period of the year amounted to 2.4 mln riyals, compared to 3.6 million riyals in the same period last year, a decrease of 33.3%.

The operating loss amounted to 2.4 mln riyals in the 6-month period, compared to 3.6 million riyals in the same quarter of the previous year, a decline of 33%.

The total shareholders’ equity “without minority rights” amounted to 33.9 mln riyals in the current period, compared to 44.3 mln riyals in the same period last year, a decrease of 23.5%.

The reason for the decrease in net loss during the current quarter compared to the same quarter of the previous year is due to:

1. Decrease in general and administrative expenses during the current quarter.
2. Increase in other income during the current quarter.

The reason for the decrease in net loss during the current quarter compared to the previous quarter is due to:

1. Decrease in general and administrative expenses during the current quarter.
2. Increase in other income during the current quarter.

The reason for the decrease in net loss during the current period compared to the same period of the previous year is due to:

1. Decrease in general and administrative expenses during the current period.
2. Increase in other income during the current period.