Sales/Revenue

1,896

1,889

0.37

1,938

-2.167

Gross Profit (Loss)

1,259

1,355

-7.084

1,216

3.536

Operational Profit (Loss)

159

297

-46.464

158

0.632

Net Profit (Loss) after Zakat and Tax

42

59

-28.813

41

2.439

Total Comprehensive Income

55

48

14.583

68

-19.117

All figures are in (Millions) Saudi Arabia, Riyals

Sales/Revenue

3,833

3,928

-2.418

Gross Profit (Loss)

2,474

2,828

-12.517

Operational Profit (Loss)

317

653

-51.454

Net Profit (Loss) after Zakat and Tax

83

164

-49.39

Total Comprehensive Income

102

86

18.604

Total Share Holders Equity (after Deducting Minority Equity)

8,831

4,189

110.814

Profit (Loss) per Share

0.092

0.242

All figures are in (Millions) Saudi Arabia, Riyals

The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is

Zain KSA recorded a retained earnings of SR 28 million for the first time in its history as a result of a net profit booked in this quarter.

The company reported net profit of SR 42 million in Q2 2021 compared to a net profit of SR 59 million in Q2 2020 due to the increase in cost of revenue by 19% amounting SR 102 million as a result of the provision released in Q2 2020. Moreover, Opex increased by SR 40 million. This has been partially absorbed by a decrease in finance cost by SR 124 million due to the reduction of the total debt of the company as a result of the capital restructuring.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is

Zain KSA maintained a stable profit in Q2 2021 compared with Q1 2021 despite the decrease in revenue by 2% which was offset by a decrease in cost of revenue by SR 85 million. Add to that, Opex increased by SR 14 million and depreciation and amortization by SR 29 million.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is

The net profit decreased by SR 81 million from H1 2021 vs H1 2020 due to the decrease of revenue by 2% and increase in cost of revenue by 24% mainly due to the reversal released in the previous period. This was partially compensated by a decrease in finance cost by SR 262 million as a result of the capital restructure.

Statement of the type of external auditor's report

Unmodified conclusion

Reclassification of Comparison Items

NA

Additional Information

For the first time in its history, Zain KSA recorded a retained earnings after extinguishing all of the accumulated losses due to the net profit achieved during this quarter.