Sumou Real Estate net profit up 2% to SAR 71.4 mln in 2020

Sumou Real Estate net profit up 2% to SAR 71.4 mln in 2020

28/02/2021 Argaam Exclusive

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Sumou Real Estate Co. reported net profit after Zakat and tax of SAR 71.4 million in 2020, an increase of 2% from SAR 69.80 million the year earlier.

 

The profit increase was driven by an 11% drop in general and administrative expenses (G&As) and a 34% slump in financing costs.

 



Financials (M)

Item 2019 2020 Change‬
Revenues 179.99 97.16 (46.0 %)
Gross Income 97.05 87.28 (10.1 %)
Operating Income 83.50 80.02 (4.2 %)
Net Income 69.80 71.38 2.3 %
Average Shares 50.00 50.00 -
EPS (Riyals) 1.40 1.43 2.3 %



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
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 - - - - - -
2020 97.16 (46.0 %) 87.28 (10.1 %) 80.02 (4.2 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
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 - - - - - -
2020 71.38 2.3 % 1.43 - 71.38 1.43

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
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 - - -
2020 89.83 % 82.69 % 73.47 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2011 - - - -
H2 2011 - - - -
H1 2012 - - - -
H2 2012 - - - -
H1 2013 - - - -
H2 2013 - - - -
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 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
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 - - -

Business Segments (Million)

Compared With The
Period Real estate contracting Real estate project management investment Joint assets and liabilities Other activities


Financial Ratios
Current
Market Cap (M Riyal) 1,977.50
Enterprise Value (EV) (M) 1,863.03
Shares Outstanding ((M)) 50.00
Book Value (BV) ( Riyal) 10.73
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 18.83
Price/book 3.68
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