Ladun Investment records net profit of SAR 30 mln in H1 2022

07/09/2022 Argaam Exclusive
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Ladun Investment Co. reported to a 59.2% drop in H1 2022 net profit after Zakat and tax to SAR 30 million, from SAR 73.5 million in the year-earlier period.

The company said that last year’s results included non-recurring profit of SAR 57.58 million from the sale of a subsidiary.

 

Adjusting for the impact of non-recurring profit, Ladun’s net profit from recurring operations would grow by 89% year-on-year (YoY) or SAR 14.10 million.  

 

 

The first-half net profit reached SAR 30.012 million, compared to SAR 15.906 million from continued operations in H1 2021, excluding non-recurring profit from the sale of a subsidiary.

 

Ladun reported improved performance from core operations during the six-month period, backed by better revenue from the launch of new projects with strong profit margins, the improved execution of ongoing projects, the operating efficiency from cost management and the commencement of commercial production at some factories.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 402.40 513.89 27.7 %
Gross Income 35.86 81.88 128.3 %
Operating Income 10.48 43.16 311.8 %
Net Income 73.49 30.01 (59.2 %)
Average Shares 500.00 500.00 -
Earnings Per Share before unusual items 0.03 0.06 88.7 %
EPS (Riyals) 0.15 0.06 (59.2 %)

Shareholders’ equity, after minority interest, rose to SAR 544.16 million as of June 30, 2022, from SAR 539.38 million a year earlier.

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Share Price

Ladun Investment Co.
3.57
(0.26) (6.79 %)

Ladun Investment Co. (LADUN)

1 Day (6.79 %) 5 Days (6.79 %) 3 Months (6.05 %) 6 Months 17.05 % Year (29.31 %) 2 Years 132.42 % 5 Years 110.00 % All 110.00 %
Created with Highstock 6.0.710:1010:1510:2510:4010:5011:1011:2511:3011:3511:5012:0512:4012:5013:1014:2514:3014:5015:103.403.453.503.553.603.653.703.753.803.853.903.95
Close : 3.57 | Apr 3, 15:11
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Financial Ratios
Current
Market Cap (M Riyal) 1,785.00
Enterprise Value (EV) (M) 2,757.68
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 1.27
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 28.07
Price/book 2.81
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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 %)
2021 769.82 46.1 % 102.85 (2.8 %) 35.88 12.3 %
H1 2022 513.89 27.7 % 81.88 128.3 % 43.16 311.8 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share 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 (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
2021 80.80 225.6 % 0.16 57.58 23.22 0.05
H1 2022 30.01 (59.2 %) 0.06 - 30.01 0.06

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 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (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

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

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 -

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