Rawasi Albina earnings rise 9% to SAR 22.7M in 2023

Rawasi Albina earnings rise 9% to SAR 22.7M in 2023

19/03/2024 Argaam Exclusive

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Rawasi Albina Investment Co. posted a net profit of SAR 22.7 million for 2023, up 9% from SAR 20.9 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 135.22 164.24 21.5 %
Gross Income 37.55 42.50 13.2 %
Operating Income 31.00 34.99 12.9 %
Net Income 20.90 22.69 8.6 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.38 0.41 8.6 %


The profit growth was driven by increased revenues for 2023 as a result of higher number of contracts and projects signed by the company during the year.



Shareholders' equity, no minority interest, rose to SAR 137.77 million at the end of 2023, compared with SAR 114.90 million a year before.

 

Interim Financials

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

45.45

10.08

0.18

H2 2021

50.08

7.41

0.14

H1 2022

55.39

9.47

0.17

H2 2022

79.83

11.43

0.21

H1 2023

94.20

15.13

0.28

H2 2023

70.04

7.56

0.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 21.80 - 6.28 - 4.41 - 0.08
Q2 2021 23.65 - 8.04 - 5.66 - 0.10
Q3 2021 - - - - - - -
Q4 2021 - - - - - - -
Q1 2022 29.15 33.7 % 8.68 38.3 % 5.39 22.2 % 0.10
Q2 2022 26.24 11.0 % 7.60 (5.5 %) 4.07 (28.1 %) 0.07
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 47.43 62.7 % 10.38 19.6 % 6.77 25.5 % 0.12
Q2 2023 46.78 78.3 % 14.26 87.7 % 8.36 105.2 % 0.15
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 164.24 21.5 % 42.50 13.2 % 22.69 8.6 % 0.41

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 28.79 % - 20.24 %
Q2 2021 31.50 % - 22.17 %
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 30.82 % - 20.74 %
Q2 2022 30.34 % - 19.38 %
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 27.44 % - 17.32 %
Q2 2023 27.36 % - 16.44 %
Q3 2023 - - -
Q4 2023 - - -
2023 25.88 % 24.19 % 13.81 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 55.00 0.08 0.08 -
Q2 2021 55.00 0.18 0.18 1.56
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 55.00 0.28 0.28 -
Q2 2022 55.00 0.36 0.36 1.86
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 55.00 0.40 0.40 -
Q2 2023 55.00 0.45 0.45 2.36
Q3 2023 - - - -
Q4 2023 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 22.10 22.10 -
Q2 2023 13.46 13.46 2.55
Q3 2023 - - -
Q4 2023 - - -

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) 289.85
Enterprise Value (EV) (M) 329.56
Shares Outstanding ((M)) 55.00
Book Value (BV) ( Riyal) 2.50
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 12.78
Price/book 2.10
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Share Price

Rawasi Albina Investment Co.
5.27
0.03 0.57 %

Rawasi Albina Investment Co. (RAWASI)

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