Keir International’s H1 net profit down 81% to SAR 1.3 mln

Keir International’s H1 net profit down 81% to SAR 1.3 mln

04/09/2023 Argaam Exclusive

View other reports

Keir International Co.’s net profit reached SAR 1.3 million for the first six months of 2023, a decline of 81% year-on-year (YoY), from SAR 6.6 million in a year earlier period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 63.59 77.56 22.0 %
Gross Income 16.78 15.11 (10.0 %)
Operating Income 8.52 5.65 (33.8 %)
Net Income 6.64 1.29 (80.5 %)
Average Shares 120.00 120.00 -
EPS (Riyals) 0.06 0.01 (80.5 %)

This is driven by higher cost of sales and suppliers’ raising prices on increased cost of finance.

 

Keir expanded its business portfolio by entering into new sectors and winning new projects, which weighed on the projects’ profit margins for the same period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 63.59 77.56 22.0 %
Gross Income 16.78 15.11 (10.0 %)
Operating Income 8.52 5.65 (33.8 %)
Net Income 6.64 1.29 (80.5 %)
Average Shares 120.00 120.00 -
EPS (Riyals) 0.06 0.01 (80.5 %)

Shareholders’ equity, excluding minority interest, reached SAR 234.200 million by June 30, 2023, compared to SAR 232.608 million a year earlier.

 

Quarterly Statements

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/share)

H1 2021

56.65

4.06

0.03

H2 2021

112.72

12.88

0.11

H1 2022

63.59

6.64

0.06

H2 2022

107.82

13.2

0.11

H1 2023

77.56

1.29

0.01

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 56.65 - 10.13 - 5.32 -
H2 2021 112.73 - 24.09 - 17.72 -
H1 2022 63.59 12.3 % 16.78 65.7 % 8.52 60.1 %
H2 2022 107.82 (4.4 %) 27.74 15.1 % 19.31 9.0 %
H1 2023 77.56 22.0 % 15.11 (10.0 %) 5.65 (33.8 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 4.06 - 0.04 - 4.06 0.04
H2 2021 12.88 - 0.11 - 12.88 0.11
H1 2022 6.64 63.3 % 0.06 - 6.64 0.06
H2 2022 13.20 2.5 % 0.11 - 13.20 0.11
H1 2023 1.29 (80.5 %) 0.01 - 1.29 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 20.20 % 15.12 % 10.00 %
H1 2022 23.18 % 16.35 % 11.07 %
H2 2022 25.97 % 17.79 % 11.57 %
H1 2023 23.11 % 15.22 % 7.82 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 100.00 - - 1.55
H2 2021 120.00 0.14 0.14 1.95
H1 2022 120.00 0.16 0.16 1.94
H2 2022 120.00 0.17 0.17 2.02
H1 2023 120.00 0.12 0.12 1.95

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 73.79 73.79 6.05
H1 2023 46.36 46.36 2.87

Business Segments (Million)

Compared With The
Period Telecommunication Power Software
Q2 2022 49.51 14.08 -
Q4 2022 89.98 17.84 -
Q2 2023 43.39 30.59 3.59


Financial Ratios
Current
Market Cap (M Riyal) 708.00
Enterprise Value (EV) (M) 794.88
Shares Outstanding ((M)) 120.00
Book Value (BV) ( Riyal) 2.02
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
Price/book 2.92
more

Share Price

KEIR International Co.
5.90
0.09 1.55 %

KEIR International Co. (KEIR)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.