Al-Jouf Mineral Water posts 32% drop in H1 2024 profit to SAR 1.6M

28/08/2024 Argaam Exclusive
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Al-Jouf Mineral Water Bottling Co. reported a net profit of SAR 1.6 million in H1 2024, down 32% from SAR 2.3 million in the prior-year period. 

The first-half earnings were weighed by a 4.20% year-on-year (YoY) revenue decline on lower average selling prices and fierce competition in the water segment, as well as higher cost of sales.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 37.49 35.91 (4.2 %)
Gross Income 19.74 15.23 (22.9 %)
Operating Income 2.84 1.94 (31.7 %)
Net Income 2.31 1.57 (32.0 %)
Average Shares 93.75 93.75 -
Earnings Per Share before unusual items 0.02 0.02 (32.0 %)
EPS (Halala) 2.46 1.67 (32.0 %)

Total shareholders’ equity, no minority interest, stood at SAR 88.76 million by the end of H1 2024, compared to SAR 85.46 million in the year-earlier period.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2020

40.66

2.27

0.48

H2 2020

30.97

2.30

0.49

H1 2021

32.53

2.60

0.55

H2 2021

35.10

2.10

0.45

H1 2022

36.08

2.81

0.60

H2 2022

37.90

2.93

0.62

H1 2023

37.49

2.31

0.52

H2 2023

39.38

1.79

0.38

H1 2024

35.91

1.57

0.33

 

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Share Price

Aljouf Mineral Water Bottling Co. (ALJOUF WATER)

Created with Highstock 6.0.710:5011:0011:0511:2011:2511:3011:3511:5011:5512:3012:3512:4012:4512:5015:001.741.761.781.801.821.841.861.881.901.92
Close : 1.89 | Mar 27, 15:00

Current
Market Cap (M Riyal) 166.88
Enterprise Value (EV) (M) 227.86
Shares Outstanding ((M)) 93.75
Book Value (BV) ( Riyal) 0.96
Par Value ( Halala) 50.00
Adjusted P/E (Last12) More than 100
Price/book 1.86

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