Natural Gas’ 2023 net profit up 14% to SAR 3.8M

Natural Gas’ 2023 net profit up 14% to SAR 3.8M

28/03/2024 Argaam Exclusive

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Natural Gas Distribution Co. (NGDC) reported a 14% net profit increase to SAR 3.8 million in 2023, compared to SAR 3.3 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 91.01 92.49 1.6 %
Gross Income 7.97 8.78 10.1 %
Operating Income 3.14 2.92 (7.1 %)
Net Income 3.29 3.77 14.4 %
Average Shares 5.00 5.00 -
EPS (Riyals) 0.66 0.75 14.4 %


The company’s higher revenue was attributed to the contract to operate and maintain the gas network in King Abdullah Economic City, in addition to the rollout of internal gas networks to some new customers. Additionally, the company also cited higher returns from Islamic deposits.

 

Total shareholders’ equity, no minority interest, stood at SAR 58.09 million by Dec. 31, 2023, compared to SAR 56.98 million a year ago.

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 21.58 - 2.30 - 1.24 - 0.25
Q4 2019 23.11 - 2.43 - 1.16 - 0.23
Q1 2020 - - - - - - -
Q2 2020 21.28 - 2.28 - 1.17 - 0.23
Q3 2020 21.48 (0.5 %) 2.23 (3.0 %) 1.09 (12.6 %) 0.22
Q4 2020 23.29 0.8 % 2.51 3.5 % 0.85 (26.8 %) 0.17
Q1 2021 - - - - - - -
Q2 2021 21.67 1.8 % 1.95 (14.3 %) 0.10 (91.7 %) 0.02
Q3 2021 - - - - - - -
Q4 2021 - - - - - - -
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 - - - - - - -
Q2 2023 - - - - - - -
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 92.49 1.6 % 8.78 10.1 % 3.77 14.4 % 0.75

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 10.65 % - 5.76 %
Q4 2019 10.57 % 7.87 % 5.38 %
Q1 2020 - - -
Q2 2020 10.61 % 10.52 % 5.42 %
Q3 2020 10.56 % 10.59 % 5.33 %
Q4 2020 10.60 % 11.57 % 4.79 %
Q1 2021 - - -
Q2 2021 10.23 % - 3.66 %
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
2023 9.49 % 9.12 % 4.07 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 5.00 0.25 0.25 -
Q4 2019 5.00 0.48 0.48 11.34
Q1 2020 - - - -
Q2 2020 5.00 0.72 0.72 -
Q3 2020 5.00 0.93 0.93 10.98
Q4 2020 5.00 0.85 0.85 11.26
Q1 2021 - - - -
Q2 2021 5.00 0.64 0.64 10.94
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 - - - -
Q2 2022 - - - -
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 - - - -
Q2 2023 - - - -
Q3 2023 - - - -
Q4 2023 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -


Financial Ratios
Current
Market Cap (M Riyal) 232.25
Enterprise Value (EV) (M) 226.27
Shares Outstanding ((M)) 5.00
Book Value (BV) ( Riyal) 11.62
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 4.00
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Share Price

Natural Gas Distribution Co.
46.45
(0.55) (1.17 %)

Natural Gas Distribution Co. (NGDC)

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