Sadr Logistics turns to SAR 2.6 mln profit in 2020

18/03/2021 Argaam Exclusive
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Sadr Logistics Co. posted a net profit after Zakat and tax of SAR 2.6 million for 2020, against a net loss of SAR 1.9 million a year earlier.

 

The strong performance was lifted by a 29% rise year-on-year (YoY) in sales and revenue, as the company expanded in the logistics services sector and concluded long-term contracts with its customers in the same sector. The annual results were also driven by higher sales of storage equipment and other sectors, lower government costs for the industrial sector and lower selling costs, due to lower transportation and installation costs for projects.



Financials (M)

Item 2019 2020 Change‬
Revenues 42.04 54.28 29.1 %
Gross Income 9.81 14.68 49.6 %
Operating Income (1.67) 3.92 334.1 %
Net Income (1.90) 2.58 235.5 %
Average Shares 153.96 153.96 -
Earnings Per Share before unusual items (0.01) 0.02 235.5 %
EPS (Riyals) (0.01) 0.02 235.5 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 11.19 21.58 92.9 %
Gross Income 2.28 4.90 114.7 %
Operating Income (1.33) 1.81 236.1 %
Net Income (1.54) 0.81 152.5 %
Average Shares 153.96 153.96 -
Earnings Per Share before unusual items (0.01) 0.01 152.5 %
EPS (Riyals) (0.01) 0.01 152.5 %

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Share Price

3.14
0.09 2.95 %

Sadr Logistics Co. (SADR)


Current
Market Cap (M Riyal) 549.50
Enterprise Value (EV) (M) 547.95
Shares Outstanding ((M)) 175.00
EPS ( Riyal) (TTM) (0.02)
Book Value (BV) ( Riyal) 0.96
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.28
Return on Average Assets (%) (TTM) (1.59 )
Return on Average Equity (%) (TTM) (1.84 )

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