Atlas Elevators H1 2023 profit jumps 58% to SAR 8.3 mln

05/10/2023 Argaam Exclusive

Atlas Elevators General Trading & Contracting Co. reported a 58% rise in H1 2023 net profit to SAR 8.3 million, compared to SAR 5.3 million in the first half of 2022.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 37.61 33.55 (10.8 %)
Gross Income 13.45 15.99 18.9 %
Operating Income 5.08 7.75 52.6 %
Net Income 5.20 8.25 58.5 %
Average Shares 4.80 4.80 -
Earnings Per Share before unusual items 1.08 1.72 58.5 %
EPS (Riyals) 1.08 1.72 58.5 %

The profit growth was driven by lower cost of sales.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 37.61 33.55 (10.8 %)
Gross Income 13.45 15.99 18.9 %
Operating Income 5.08 7.75 52.6 %
Net Income 5.20 8.25 58.5 %
Average Shares 4.80 4.80 -
Earnings Per Share before unusual items 1.08 1.72 58.5 %
EPS (Riyals) 1.08 1.72 58.5 %

Shareholders' equity, no minority interest, reached SAR 68.86 million at the end of the period, compared to SAR 58.49 million a year before.

 

Historical Change of Financial Data

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/Share)

H1 2022

37.61

5.27

1.10

H2 2022

39.73

4.26

0.89

H1 2023

33.55

8.30

1.73

 

View more financial results

 

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Share Price

Atlas Elevators General Trading and Contracting Co.
22.06
(0.24) (1.08 %)

Atlas Elevators General Trading and Contracting Co. (ATLAS ELEVATORS)

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Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
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 10.68 - 2.23 - 10.68 2.23
H2 2021 - - - - - -
H1 2022 5.20 (51.3 %) 1.08 - 5.20 1.08
H2 2022 4.32 - 0.90 - 4.32 0.90
H1 2023 8.25 58.5 % 1.72 - 8.25 1.72


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 79.29 - 26.93 - 10.73 -
H2 2021 - - - - - -
H1 2022 37.61 (52.6 %) 13.45 (50.1 %) 5.08 (52.7 %)
H2 2022 39.74 - 11.64 - 3.93 -
H1 2023 33.55 (10.8 %) 15.99 18.9 % 7.75 52.6 %

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 33.97 % 18.02 % 13.47 %
H2 2021 - - -
H1 2022 - - -
H2 2022 32.43 % 16.51 % 12.32 %
H1 2023 37.69 % 20.94 % 17.16 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
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 4.80 4.45 4.45 11.60
H2 2021 - - - -
H1 2022 4.80 - - 12.19
H2 2022 4.80 1.99 1.99 13.13
H1 2023 4.80 2.62 2.62 14.35

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H2 2022 - - -
H1 2023 - - -

Business Segments (Million)

Compared With The
Period Installation Maintenance of elevators installed by the company Third-party elevator maintenance
Q2 2022 34.36 3.05 0.20
Q4 2022 34.52 5.03 0.19
Q2 2023 30.35 2.82 0.38

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