Savola 2020 net profit surges 92% to SAR 910.8 mln

27/01/2021 Argaam Exclusive
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Savola Group reported an annual net profit after Zakat and tax of SAR 910.8 million, rising 92% year-on-year (YoY), due to higher gross profit, increased profit share from associates and lower operating expenses



Financials (M)

Item 2019 2020 Change‬
Revenues 21,406.42 21,701.94 1.4 %
Gross Income 4,504.30 4,640.38 3.0 %
Operating Income 669.60 956.68 42.9 %
Net Income 475.63 910.80 91.5 %
Average Shares 241.05 241.05 -
Earnings Per Share before unusual items 1.40 3.69 163.8 %
EPS (Riyals) 1.97 3.78 91.5 %

Savola’s net profit after Zakat and tax stood at SAR 44.7 million, down by 67% YoY, in the fourth quarter of 2020, driven by lower gross profit due to slightly lower sales and margins.

 

On a sequential basis, Q4 2020 net profit dropped 84.24%.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 5,231.73 5,184.71 (0.9 %)
Gross Income 1,191.50 1,074.27 (9.8 %)
Operating Income 211.54 105.12 (50.3 %)
Net Income 137.31 44.73 (67.4 %)
Average Shares 241.05 241.05 -
Earnings Per Share before unusual items 0.29 0.19 (36.5 %)
EPS (Riyals) 0.57 0.19 (67.4 %)

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Share Price

Savola Group
29.50
(0.35) (1.17 %)

Savola Group (SAVOLA GROUP)

1 Day (1.17 %) 5 Days (3.12 %) 3 Months (18.06 %) 6 Months (4.55 %) Year (14.64 %) 2 Years 73.89 % 5 Years 39.32 % All 600.88 %
Created with Highstock 6.0.710:1510:3010:4511:0011:1511:3011:4512:0012:1512:3012:4513:0013:1513:3013:4514:0014:1514:3014:4515:15101.5101.75102102.25102.5102.75103103.25103.5103.75104104.25
Close : 102.00 | Mar 27, 15:20
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Financial Ratios
Current
Market Cap (M Riyal) 8,850.00
Enterprise Value (EV) (M) 10,192.45
Shares Outstanding ((M)) 300.00
EPS ( Riyal) (TTM) 33.25
Book Value (BV) ( Riyal) 15.40
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 26.74
P/E (TTM) 0.89
Price/book 1.92
Return on Average Assets (%) (TTM) 38.9
Return on Average Equity (%) (TTM) 57.7
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