MOBI’s profit surges 86% to SAR 17.6 mln in H1 2023

MOBI’s profit surges 86% to SAR 17.6 mln in H1 2023

29/08/2023 Argaam Exclusive

View other reports

MOBI Industry Co. reported a net profit leap of 86% to SAR 17.6 million in the first half of 2023 from SAR 9.5 million in the prior-year period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 97.76 100.41 2.7 %
Gross Income 24.57 35.50 44.4 %
Operating Income 9.19 18.14 97.4 %
Net Income 9.48 17.62 85.9 %
Average Shares 50.00 50.00 -
EPS (Riyals) 0.19 0.35 85.9 %

The profit rise was spurred by higher sales, as detergents sales jumped by 12.12% year-on-year (YoY). MOBI also recorded a decline of 10.43% YoY in the cost of goods sold.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 97.76 100.41 2.7 %
Gross Income 24.57 35.50 44.4 %
Operating Income 9.19 18.14 97.4 %
Net Income 9.48 17.62 85.9 %
Average Shares 50.00 50.00 -
EPS (Riyals) 0.19 0.35 85.9 %

Shareholders’ equity, no minority interest, increased to SAR 77.95 million as of June 30, 2023, from SAR 69.14 million a year earlier.

 

Historical Data

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR)

H1 2020

96.03

11.05

0.22

H2 2020

84.40

6.33

0.13

H1 2021

86.90

12.21

0.24

H1 2022

83.48

3.92

0.08

H1 2021

97.76

9.48

0.19

H2 2022

93.00

4.44

0.09

H1 2023

100.75

17.62

0.34

 

View more financial results

 


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 78.28 - 25.29 - 10.15 -
H2 2019 76.73 - 22.34 - 7.57 -
H1 2020 96.03 22.7 % 31.35 23.9 % 11.35 11.8 %
H2 2020 84.40 10.0 % 25.73 15.2 % 6.49 (14.2 %)
H1 2021 86.90 (9.5 %) 27.44 (12.5 %) 12.35 8.9 %
H2 2021 83.48 (1.1 %) 19.45 (24.4 %) 4.46 (31.3 %)
H1 2022 97.76 12.5 % 24.57 (10.4 %) 9.19 (25.7 %)
H2 2022 84.63 1.4 % 22.64 16.4 % 4.69 5.1 %
H1 2023 100.41 2.7 % 35.50 44.4 % 18.14 97.4 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 8.56 - 0.17 - 8.56 0.17
H2 2019 1.76 - 0.04 (4.83) 6.59 0.13
H1 2020 11.05 29.1 % 0.22 - 11.05 0.22
H2 2020 6.33 259.3 % 0.13 - 6.33 0.13
H1 2021 12.21 10.4 % 0.24 - 12.21 0.24
H2 2021 3.92 (38.0 %) 0.08 - 3.92 0.08
H1 2022 9.48 (22.4 %) 0.19 - 9.48 0.19
H2 2022 4.45 13.4 % 0.09 - 4.45 0.09
H1 2023 17.62 85.9 % 0.35 - 17.62 0.35

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 30.73 % - 9.77 %
H1 2020 31.08 % 12.61 % 10.21 %
H2 2020 31.63 % 12.83 % 9.63 %
H1 2021 31.03 % 12.52 % 10.82 %
H2 2021 27.52 % 11.50 % 9.47 %
H1 2022 24.29 % 9.71 % 7.39 %
H2 2022 25.89 % 9.21 % 7.63 %
H1 2023 31.42 % 14.09 % 11.93 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (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 50.00 - - -
H2 2019 50.00 0.21 0.30 1.29
H1 2020 50.00 0.26 0.35 1.37
H2 2020 50.00 0.35 0.35 1.18
H1 2021 50.00 0.37 0.37 1.33
H2 2021 50.00 0.32 0.32 1.29
H1 2022 50.00 0.27 0.27 1.38
H2 2022 50.00 0.28 0.28 1.32
H1 2023 50.00 0.44 0.44 1.56

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 41.17 41.17 10.33
H1 2022 27.80 27.80 5.39
H2 2022 21.55 21.55 4.54
H1 2023 16.70 16.70 4.73

Business Segments (Million)

Compared With The
Period Detergents Fertilizer Agricultural Activity Food sector Plastic Eliminations
Q2 2020 71.38 11.85 8.75 4.04 - -
Q4 2020 67.09 8.02 5.29 6.29 - (2.30)
Q2 2021 76.28 10.62 - - - -
Q4 2021 68.57 14.91 - - - -
Q2 2022 83.76 14.00 - - - -
Q4 2022 77.71 6.92 - - - -
Q2 2023 93.57 6.84 - - - -


Financial Ratios
Current
Market Cap (M Riyal) 775.00
Enterprise Value (EV) (M) 772.65
Shares Outstanding ((M)) 50.00
Book Value (BV) ( Riyal) 1.31
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 25.54
Price/book 11.83
more

Share Price

MOBI Industry Co.
15.50
(0.06) (0.39 %)

MOBI Industry Co. (MOBI INDUSTRY)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.