Leen Alkhair profits down 50% to SAR 4M in H1 2024

Leen Alkhair profits down 50% to SAR 4M in H1 2024

04/08/2024 Argaam Exclusive

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Leen Alkhair Trading Co.’s net profit retreated 50% to SAR 4 million in H1 2024 from SAR 8 million a year earlier.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 117.72 120.90 2.7 %
Gross Income 15.16 11.92 (21.3 %)
Operating Income 8.84 3.63 (58.9 %)
Net Income 7.98 4.02 (49.7 %)
Average Shares 8.16 8.16 -
EPS (Riyals) 0.98 0.49 (49.7 %)

Earnings were weighed down by an increase in cost of sales, along with higher selling, distribution, general and administrative expenses, and financing costs. However, sales and other revenues edged up. 



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 117.72 120.90 2.7 %
Gross Income 15.16 11.92 (21.3 %)
Operating Income 8.84 3.63 (58.9 %)
Net Income 7.98 4.02 (49.7 %)
Average Shares 8.16 8.16 -
EPS (Riyals) 0.98 0.49 (49.7 %)

Total shareholders’ equity, no minority interest, reached SAR 150.19 million by the end of June 2024, compared to SAR 142.23 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

91.19

14.25

1.94

H2 2021

97.37

6.21

0.85

H1 2022

109.59

10.84

1.48

H2 2022

118.98

12.34

1.68

H1 2023

117.72

7.98

0.98

H2 2023

133.62

4.01

0.49

H1 2024

120.90

4.01

0.49

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 91.19 - 23.89 - 15.61 -
H2 2021 97.37 - 9.02 - 7.22 -
H1 2022 109.59 20.2 % 18.81 (21.3 %) 11.83 (24.2 %)
H2 2022 118.98 22.2 % 22.02 144.1 % 13.34 84.8 %
H1 2023 117.72 7.4 % 15.16 (19.4 %) 8.84 (25.3 %)
H2 2023 133.62 12.3 % 17.01 (22.8 %) 7.67 (42.5 %)
H1 2024 120.90 2.7 % 11.92 (21.3 %) 3.63 (58.9 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 14.25 - 1.94 - 14.25 1.94
H2 2021 6.21 - 0.85 (5.00) 11.21 1.53
H1 2022 10.84 (23.9 %) 1.48 - 10.84 1.48
H2 2022 12.33 98.8 % 1.68 - 12.33 1.68
H1 2023 7.98 (26.4 %) 0.98 - 7.98 0.98
H2 2023 4.01 (67.4 %) 0.49 - 4.01 0.49
H1 2024 4.02 (49.7 %) 0.49 - 4.02 0.49

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 17.45 % 12.96 % 13.50 %
H1 2022 13.45 % 10.64 % 10.65 %
H2 2022 17.86 % 12.76 % 10.14 %
H1 2023 15.71 % 11.36 % 8.58 %
H2 2023 12.80 % 9.19 % 4.77 %
H1 2024 11.37 % 7.97 % 3.15 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 7.34 - - 10.49
H2 2021 7.34 2.79 3.47 11.48
H1 2022 7.34 2.32 3.00 12.96
H2 2022 7.34 3.16 3.16 14.67
H1 2023 8.16 2.49 2.49 17.43
H2 2023 8.16 1.47 1.47 17.92
H1 2024 8.16 0.98 0.98 18.41

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 12.74 12.74 1.82
H2 2023 19.23 19.23 1.58
H1 2024 25.38 25.38 1.36


Financial Ratios
Current
Market Cap (M Riyal) 186.70
Enterprise Value (EV) (M) 276.33
Shares Outstanding ((M)) 8.16
Book Value (BV) ( Riyal) 17.92
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 15.57
Price/book 1.28
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Share Price

Leen Alkhair Trading Co.
22.88
(0.04) (0.17 %)

Leen Alkhair Trading Co. (LEEN ALKHAIR)

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