Saudi Networkers profit leaps 14% to SAR 32.3 mln in 2022
Saudi Networkers Services Co. (SNS) reported a 14% jump in 2022 net profit to SAR 32.3 million, compared to SAR 28.4 million in 2021.
Financials (M)
Item | 2021 | 2022 | Change |
---|---|---|---|
Revenues | 462.79 | 478.63 | 3.4 % |
Gross Income | 54.27 | 63.39 | 16.8 % |
Operating Income | 30.22 | 35.78 | 18.4 % |
Net Income | 28.34 | 30.10 | 6.2 % |
Average Shares | 6.00 | 6.00 | - |
EPS (Riyals) | 4.72 | 5.02 | 6.2 % |
The profit growth was spurred by higher revenue and additional cost savings.
Current Half Annual Comparison (M)
Item | H2 2021 | H2 2022 | Change |
---|---|---|---|
Revenues | 227.49 | 249.06 | 9.5 % |
Gross Income | 21.71 | 30.64 | 41.1 % |
Operating Income | 10.04 | 14.57 | 45.1 % |
Net Income | 10.36 | 9.52 | (8.1 %) |
Average Shares | 6.00 | 6.00 | - |
EPS (Riyals) | 1.73 | 1.59 | (8.1 %) |
Shareholders’ equity, after minority interest, rose to SAR 82.6 million as of Dec. 31, 2022, from SAR 57.3 million a year earlier.
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Share Price
Saudi Networkers Services Co. (NETWORKERS)
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
H1 2021 | 235.31 | - | 32.56 | - | 20.18 | - |
H2 2021 | 227.49 | - | 21.71 | - | 10.04 | - |
2021 | 462.79 | (1.1 %) | 54.27 | (21.5 %) | 30.22 | (31.4 %) |
H1 2022 | 229.57 | (2.4 %) | 32.75 | 0.6 % | 21.21 | 5.1 % |
H2 2022 | 249.06 | 9.5 % | 30.64 | 41.1 % | 14.57 | 45.1 % |
2022 | 478.63 | 3.4 % | 63.39 | 16.8 % | 35.78 | 18.4 % |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
H1 2021 | 17.98 | - | 3.00 | - | 17.98 | 3.00 |
H2 2021 | 10.36 | - | 1.73 | - | 10.36 | 1.73 |
2021 | 28.34 | (27.5 %) | 4.72 | - | 28.34 | 4.72 |
H1 2022 | 20.58 | 14.5 % | 3.43 | - | 20.58 | 3.43 |
H2 2022 | 9.52 | (8.1 %) | 1.59 | - | 9.52 | 1.59 |
2022 | 30.10 | 6.2 % | 5.02 | - | 30.10 | 5.02 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
H1 2022 | 11.92 % | 7.03 % | 6.77 % |
H2 2022 | 13.24 % | 7.63 % | 6.29 % |
2022 | 13.24 % | 7.63 % | 6.29 % |
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
H1 2022 | 6.00 | 5.16 | 5.16 | 11.13 |
H2 2022 | 6.00 | 5.02 | 5.02 | 14.59 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
H1 2022 | - | - | - |
H2 2022 | 9.97 | 9.97 | 3.43 |
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