Ladun records net profit of SAR 60.2 mln in 2022

22/03/2023 Argaam Exclusive

Ladun Investment Co. reported a decline of 26% in net profit to SAR 60.2 million in 2022, from SAR 80.8 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 769.82 881.18 14.5 %
Gross Income 102.85 167.06 62.4 %
Operating Income 35.88 77.43 115.8 %
Net Income 80.80 60.19 (25.5 %)
Average Shares 500.00 500.00 -
EPS (Riyals) 0.16 0.12 (25.5 %)

The profit decline was attributed to recording a non-recurring profit from sale of a subsidiary during last year at a value of SAR 57.58 million.

 

Excluding the impact of non-recurring profit, the company’s net profit from recurring operations grew by SAR 36.97 million, or 159%.

 

The company also noted the start of new projects with good profit margins, improvement at on-going projects, efficiency in managing projects’ costs, starting commercial production from new factories.



Current Half Annual Comparison (M)

Compared With The
Item H2 2021 H2 2022 Change‬
Revenues 367.42 367.29 0.0 %
Gross Income 66.99 85.18 27.2 %
Operating Income 25.40 34.27 34.9 %
Net Income 7.31 30.18 312.6 %
Average Shares 500.00 500.00 -
EPS (Riyals) 0.01 0.06 312.6 %

Total shareholders’ equity, no minority interest, fell to SAR 551.99 million as of Dec. 31, 2022, from SAR 516.69 million a year earlier.

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Share Price

Ladun Investment Co.
3.48
0.03 0.87 %

Ladun Investment Co. (LADUN)

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Financial Ratios
Current
Market Cap (M Riyal) 1,740.00
Enterprise Value (EV) (M) 2,657.32
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 1.19
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 14.37
Price/book 2.92
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 176.02 - 28.22 - (0.97) -
H2 2020 351.00 - 77.58 - 32.93 -
H1 2021 402.40 128.6 % 35.86 27.1 % 10.48 1182.2 %
H2 2021 367.42 4.7 % 66.99 (13.7 %) 25.40 (22.9 %)
H1 2022 513.89 27.7 % 81.88 128.3 % 43.16 311.8 %
H2 2022 367.29 0.0 % 85.18 27.2 % 34.27 34.9 %
2022 881.18 14.5 % 167.06 62.4 % 77.43 115.8 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 (3.02) - (0.01) - (3.02) (0.01)
H2 2020 27.84 - 0.06 - 27.84 0.06
H1 2021 73.49 2530.5 % 0.15 57.58 15.91 0.03
H2 2021 7.31 (73.7 %) 0.01 - 7.31 0.01
H1 2022 30.01 (59.2 %) 0.06 - 30.01 0.06
H2 2022 30.18 312.6 % 0.06 5.51 24.67 0.05
2022 60.19 (25.5 %) 0.12 5.51 54.68 0.11

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 20.07 % 15.69 % 4.71 %
H1 2021 15.06 % 12.65 % 5.81 %
H2 2021 13.36 % 8.31 % 3.02 %
H1 2022 16.89 % 11.37 % 4.24 %
H2 2022 18.96 % 13.13 % 6.21 %
2022 18.96 % 13.13 % 6.21 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 500.00 - - 1.08
H2 2020 500.00 0.05 0.05 0.89
H1 2021 500.00 0.20 0.09 1.08
H2 2021 500.00 0.16 0.05 1.03
H1 2022 500.00 0.07 0.07 1.09
H2 2022 500.00 0.12 0.11 1.10

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 20.15 20.15 1.38
H2 2022 13.21 14.54 1.44

Business Segments (Million)

Compared With The
Period Real estate investment Construction sector Industrial development services segment Restaurants
Q2 2020 114.25 23.88 - 1.31 36.59
Q4 2020 171.37 117.42 - 0.49 61.72
Q2 2021 343.87 30.86 23.45 4.22 -
Q4 2021 198.00 132.93 39.79 (3.31) -
Q2 2022 307.32 156.57 48.46 1.55 -
Q4 2022 247.55 79.54 38.02 2.18 -

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