Rawasi Albina posts 6% decline in H1 2022 net profit to SAR 9.5 mln

Rawasi Albina posts 6% decline in H1 2022 net profit to SAR 9.5 mln

05/09/2022 Argaam Exclusive

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Rawasi Albina Investment Co. reported to a 6% decline in net profit after Zakat and tax to SAR 9.5 million in H1 2022, from SAR 10.1 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 45.45 55.39 21.9 %
Gross Income 14.31 16.28 13.7 %
Operating Income 11.72 13.04 11.3 %
Net Income 10.08 9.47 (6.0 %)
Average Shares 55.00 55.00 -
EPS (Riyals) 0.18 0.17 (6.0 %)

The lower profit was attributed to higher material costs, general and administrative expenses (G&A), as well as finance costs.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 45.45 55.39 21.9 %
Gross Income 14.31 16.28 13.7 %
Operating Income 11.72 13.04 11.3 %
Net Income 10.08 9.47 (6.0 %)
Average Shares 55.00 55.00 -
EPS (Riyals) 0.18 0.17 (6.0 %)

Shareholders’ equity, after minority interest, reached SAR 102.492 million as of June 30, 2022, up from SAR 85.575 million a year earlier.

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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 %


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

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 %


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

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 - - -

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) 224.40
Enterprise Value (EV) (M) 264.11
Shares Outstanding ((M)) 55.00
Book Value (BV) ( Riyal) 2.50
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 9.89
Price/book 1.63
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Share Price

Rawasi Albina Investment Co.
4.08
0.01 0.25 %

Rawasi Albina Investment Co. (RAWASI)

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