Retal net profit jumps 62% to SAR 63.4 mln in Q1 2022

Retal net profit jumps 62% to SAR 63.4 mln in Q1 2022

28/06/2022 Argaam Exclusive

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Retal Urban Development Co. reported a 62% rise in Q1 2022 net profit after Zakat and tax to SAR 63.4 million, from SAR 39.3 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 216.03 275.16 27.4 %
Gross Income 51.04 77.39 51.6 %
Operating Income 40.26 59.96 48.9 %
Net Income 39.26 63.44 61.6 %
Average Shares 500.00 500.00 -
EPS (Riyals) 0.08 0.13 61.6 %

The profit growth was spurred by a 27.37% year-on-year (YoY) rise in revenue. The company’s gross profit climbed 47.92% YoY to SAR 75.5 million, leading gross profit margins to expand to 27.44% in the three-month period from 23.63% in Q1 2021.

 

Compared to the previous quarter, net profit after Zakat and tax dropped 14.1% from SAR 73.82 million.

Shareholders’ equity, after minority interest, increased by 12.3% to SAR 632.35 million by the end of Q1 2022, from SAR 563.04 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 - - - - - -
Q2 2014 - - - - - -
Q3 2014 - - - - - -
Q4 2014 - - - - - -
Q1 2015 - - - - - -
Q2 2015 - - - - - -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 81.07 - 17.94 - 6.61 -
Q2 2020 106.38 - 16.48 - 9.21 -
Q3 2020 133.81 - 23.00 - 14.67 -
Q4 2020 266.20 - 66.89 - 59.92 -
Q1 2021 216.03 166.5 % 51.04 184.6 % 40.26 508.8 %
Q2 2021 159.31 49.8 % 39.94 142.4 % 28.41 208.3 %
Q3 2021 238.01 77.9 % 54.13 135.3 % 36.26 147.2 %
Q4 2021 471.97 77.3 % 100.35 50.0 % 76.60 27.8 %
Q1 2022 275.16 27.4 % 77.39 51.6 % 59.96 48.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 - - - - - -
Q2 2014 - - - - - -
Q3 2014 - - - - - -
Q4 2014 - - - - - -
Q1 2015 - - - - - -
Q2 2015 - - - - - -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 2.79 - 0.01 - 2.79 0.01
Q2 2020 24.05 - 0.05 - 24.05 0.05
Q3 2020 16.10 - 0.03 - 16.10 0.03
Q4 2020 55.70 - 0.11 - 55.70 0.11
Q1 2021 39.26 1305.5 % 0.08 - 39.26 0.08
Q2 2021 45.43 88.9 % 0.09 11.65 33.78 0.07
Q3 2021 35.21 118.7 % 0.07 3.31 31.90 0.06
Q4 2021 73.82 32.5 % 0.15 (1.03) 74.85 0.15
Q1 2022 63.44 61.6 % 0.13 - 63.44 0.13

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 21.16 % 17.51 % 16.79 %
Q1 2021 21.79 % 18.94 % 18.70 %
Q2 2021 23.33 % 20.32 % 18.68 %
Q3 2021 24.10 % 20.60 % 18.26 %
Q4 2021 22.62 % 18.05 % 16.57 %
Q1 2022 23.75 % 18.88 % 17.82 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 500.00 - - -
Q2 2020 500.00 - - -
Q3 2020 500.00 - - -
Q4 2020 500.00 0.20 0.20 1.04
Q1 2021 500.00 0.27 0.27 1.13
Q2 2021 500.00 0.31 0.29 1.06
Q3 2021 500.00 0.35 0.32 1.13
Q4 2021 500.00 0.39 0.36 1.14
Q1 2022 500.00 0.44 0.41 1.26

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -

Business Segments (Million)

Compared With The
Period Development investment Other Eliminations
Q1 2021 324.82 - 7.30 (116.09)
Q2 2021 36.43 - 7.34 115.55
Q3 2021 229.38 - 10.19 (1.56)
Q4 2021 469.56 - 0.31 2.11
Q1 2022 205.44 62.11 7.61 -


Financial Ratios
Current
Market Cap (M Riyal) 8,910.00
Enterprise Value (EV) (M) 9,422.40
Shares Outstanding ((M)) 500.00
EPS ( Riyal) (TTM) 0.46
Book Value (BV) ( Riyal) 1.51
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 38.60
P/E (TTM) 38.60
Price/book 11.80
Return on Average Assets (%) (TTM) 6.3
Return on Average Equity (%) (TTM) 32.0
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Share Price

Retal Urban Development Co.
17.82
0.40 2.30 %

Retal Urban Development Co. (RETAL)

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