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Red Sea International Co. 2020 Annual Results

Revenue

SAR 487M

Net Profit

SAR -158M

Red Sea International Co. (4230) reported full year 2020 revenue of SAR 487M, down 2.4% from SAR 499M in 2019. Net profit came in at SAR -158M, down 120.3% year on year. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2020	2019
Revenue	SAR 487M	SAR 499M
Net Profit	SAR -158M	SAR -72M
Gross Profit	SAR 46M	SAR 142M
Net Margin	-32.5%	-14.4%
ROE	-35.8%	-11.4%
Total Assets	SAR 1.04B	SAR 1.18B
Total Equity	SAR 442M	SAR 631M

Year on Year Comparison

Revenue decreased by 2.4% compared to 2019. Net profit decreased by 120.3%. Both revenue and profit declined year on year.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2021-03-31.