SACO swings to SAR 19.4 mln loss in H1 2022, Q2 at SAR 20.5 mln

11/08/2022 Argaam Exclusive
1

Saudi Company for Hardware (SACO) swung to a net loss after Zakat and tax of SAR 19.4 million in the first half of 2022, compared to a profit of SAR 30.1 million in the same period last year.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 661.29 570.50 (13.7 %)
Gross Income 131.06 87.64 (33.1 %)
Operating Income 50.19 (0.43) (100.9 %)
Net Income 30.08 (19.42) (164.6 %)
Average Shares 36.00 36.00 -
Earnings Per Share before unusual items 0.84 (0.54) (164.6 %)
EPS (Riyals) 0.84 (0.54) (164.6 %)

The loss was mainly due to a decline in sales and an increase in general and administrative expenses, related to the relocation and development of the company’s warehouses and supply chain process. 



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Revenues 323.66 251.00 (22.5 %)
Gross Income 62.81 31.59 (49.7 %)
Operating Income 22.95 (12.89) (156.2 %)
Net Income 14.44 (20.53) (242.1 %)
Average Shares 36.00 36.00 -
Earnings Per Share before unusual items 0.40 (0.57) (242.1 %)
EPS (Riyals) 0.40 (0.57) (242.1 %)

SACO also turned to a net loss after Zakat and tax of SAR 20.5 million in Q2 2022, compared to a profit of SAR 14.44 million in Q2 2021, due to lower sales.

 

In Q1 2021, SACO posted a net profit of SAR 1.11 million.

 

Shareholders’ equity, after minority interest, stood at SAR 536.77 million as of June 30, 2022, compared to SAR 556.19 million a year earlier.

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Share Price

Saudi Company for Hardware
31.00
(1.05) (3.28 %)

Saudi Company for Hardware (SACO)

1 Day (3.28 %) 5 Days (3.28 %) 3 Months (4.47 %) 6 Months (12.92 %) Year (12.92 %) 2 Years 5.44 % 5 Years (18.53 %) All (39.61 %)
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:3011:5012:1012:2012:3012:4013:0013:1013:3013:5014:1014:3014:4015:1092.592.759393.2593.593.759494.2594.594.75
Close : 93.60 | Apr 3, 15:11
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Financial Ratios
Current
Market Cap (M Riyal) 1,116.00
Enterprise Value (EV) (M) 1,256.01
Shares Outstanding ((M)) 36.00
EPS ( Riyal) (TTM) (0.39)
Book Value (BV) ( Riyal) 9.06
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.42
Return on Average Assets (%) (TTM) (1.18 )
Return on Average Equity (%) (TTM) (4.20 )
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Comments 1

1
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3819

ابو ريم 11

منذ 7 شهر

تحسن جيد ان شاءالله تستمر اندبغ دبغ السهم بشكل غير طبيعي من اول يوم تداول قبل اشهر نزول اكثر من 50%  خلال اشهر من  حدود 21 الى 10 ريال الله يعوض ملاكها خير 

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