Earnings Report /
Saudi Arabia

Kayan: Q2 21 review – Strong results, in-line with expectations

  • Kayan reported their highest quarterly earnings since Q2 18, with a net profit of SAR781mn

  • Revenues stood at SAR2.97bn, up 93.5% yoy (+10.8% qoq), its highest levels since Q3 18.

  • Kayan reported a gross profit of SAR1.04bn vs a gross loss of SAR71mn in Q2 20 and a gross profit of SAR750mn in Q1 21.

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
27 July 2021
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