Rawasi Albina posts 20% rise in 2022 earnings to SAR 20.9 mln

Rawasi Albina posts 20% rise in 2022 earnings to SAR 20.9 mln

20/03/2023 Argaam Exclusive

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Rawasi Albina Investment Co. posted a net profit of SAR 20.9 million for 2022, compared with SAR 17.5 million a year earlier. 



Financials (M)

Item 2021 2022 Change‬
Revenues 95.53 135.22 41.5 %
Gross Income 30.01 37.55 25.1 %
Operating Income 23.97 31.00 29.3 %
Net Income 17.48 20.90 19.5 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.32 0.38 19.5 %


Current Half Annual Comparison (M)

Compared With The
Item H2 2021 H2 2022 Change‬
Revenues 50.09 79.84 59.4 %
Gross Income 15.70 21.27 35.5 %
Operating Income 12.25 17.95 46.5 %
Net Income 7.41 11.43 54.3 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.13 0.21 54.3 %

Shareholders' equity, no minority interest, amounted to SAR 114.9 million at the end of 2022, compared with SAR 93 million a year before.

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
H1 2021 45.45 - 14.31 - 11.72 -
H2 2021 50.09 - 15.70 - 12.25 -
H1 2022 55.39 21.9 % 16.28 13.7 % 13.04 11.3 %
H2 2022 79.84 59.4 % 21.27 35.5 % 17.95 46.5 %
2022 135.22 41.5 % 37.55 25.1 % 31.00 29.3 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 - - - - - -
H1 2021 10.08 - 0.18 - 10.08 0.18
H2 2021 7.41 - 0.13 - 7.41 0.13
H1 2022 9.47 (6.0 %) 0.17 - 9.47 0.17
H2 2022 11.43 54.3 % 0.21 - 11.43 0.21
2022 20.90 19.5 % 0.38 - 20.90 0.38

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
H1 2021 - - -
H2 2021 31.41 % 29.46 % 18.30 %
H1 2022 30.31 % 27.36 % 16.00 %
H2 2022 27.77 % 26.17 % 15.45 %
2022 27.77 % 26.17 % 15.45 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
H1 2021 55.00 - - 1.56
H2 2021 55.00 0.32 0.32 1.69
H1 2022 55.00 0.31 0.31 1.86
H2 2022 55.00 0.38 0.38 2.09

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 16.42 16.42 2.99

Business Segments (Million)

Compared With The
Period Electricity installation and connection service Communications installation and connection services Selling shutters and communications supplies


Financial Ratios
Current
Market Cap (M Riyal) 226.05
Enterprise Value (EV) (M) 265.76
Shares Outstanding ((M)) 55.00
Book Value (BV) ( Riyal) 2.50
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 9.96
Price/book 1.64
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Share Price

Rawasi Albina Investment Co.
4.11
0.03 0.74 %

Rawasi Albina Investment Co. (RAWASI)

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