Al Othaim reports 53% profit decline to SAR 105.6 mln for H1 2021

19/08/2021 Argaam Exclusive
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Abdullah Al Othaim Markets Co. reported net profit after Zakat and tax of SAR 105.6 million for H1 2021, a decline of 53%, from SAR 224.80 million in prior-year period, driven by lower sales and decreased gross margins.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 4,953.92 4,268.41 (13.8 %)
Gross Income 971.47 819.71 (15.6 %)
Operating Income 240.19 84.03 (65.0 %)
Net Income 224.80 105.61 (53.0 %)
Average Shares 900.00 900.00 -
Earnings Per Share before unusual items 0.25 0.12 (53.0 %)
EPS (Riyals) 0.25 0.12 (53.0 %)

Q2 2021 net profit dropped 62% year-on-year (YoY) to SAR 47.9 million, due to a 15.66% YoY slump in sales and lower gross margin.

 

The second quarter of 2020 witnessed higher retail sales driven by stronger demand on the COVID-19 lockdown.

 

On a sequential basis, Q2 net profit fell 16.9%.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 2,574.43 2,171.27 (15.7 %)
Gross Income 512.15 400.49 (21.8 %)
Operating Income 147.37 36.73 (75.1 %)
Net Income 125.25 47.93 (61.7 %)
Average Shares 900.00 900.00 -
Earnings Per Share before unusual items 0.14 0.05 (61.7 %)
EPS (Riyals) 0.14 0.05 (61.7 %)

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Share Price

Abdullah Al Othaim Markets Co.
9.78
0.03 0.31 %

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

1 Day 0.31 % 5 Days 4.04 % 3 Months (7.74 %) 6 Months (18.09 %) Year (27.01 %) 2 Years (21.63 %) 5 Years 12.41 % All 466.96 %
Created with Highstock 6.0.710:1510:3010:4511:0011:1511:3011:4512:0012:1512:3012:4513:0013:1513:3013:4514:0014:1514:3014:4515:159.629.649.669.689.79.729.749.769.789.8
Close : 9.78 | Mar 27, 15:20
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Financial Ratios
Current
Market Cap (M Riyal) 8,802.00
Enterprise Value (EV) (M) 9,047.98
Shares Outstanding ((M)) 900.00
EPS ( Riyal) (TTM) 0.58
Book Value (BV) ( Riyal) 1.53
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 25.58
P/E (TTM) 16.83
Price/book 6.41
Return on Average Assets (%) (TTM) 8.0
Return on Average Equity (%) (TTM) 14.1
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