Al Naqool reports SAR 4 mln net profit in H1 2021

Al Naqool reports SAR 4 mln net profit in H1 2021

23/08/2021 Argaam Exclusive

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Mohammed Hasan AlNaqool Sons Co. reported net profit after Zakat and tax of SAR 4 million for the first six months of 2021, an increase of more than two-fold, compared to SAR 1.5 million in year-earlier period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 18.80 23.25 23.6 %
Gross Income 2.82 6.04 114.2 %
Operating Income 1.57 4.16 165.0 %
Net Income 1.52 4.04 166.2 %
Average Shares 2.90 2.90 -
EPS (Riyals) 0.52 1.39 166.2 %

The profit increase was driven by higher revenue from increased sales, in addition to easing the precautionary measures related to the COVID-19 lockdown in the Kingdom.



Current Half Annual Comparison (M)

Compared With The
Item H1 2020 H1 2021 Change‬
Revenues 18.80 23.25 23.6 %
Gross Income 2.82 6.04 114.2 %
Operating Income 1.57 4.16 165.0 %
Net Income 1.52 4.04 166.2 %
Average Shares 2.90 2.90 -
EPS (Riyals) 0.52 1.39 166.2 %
Shareholders' equity, excluding minority rights, stood at SAR 35.96 million in H1 2021, a 25.3% YoY increase.
 

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 16.75 - 3.04 - 2.10 -
H2 2019 17.60 - 5.55 - 4.22 -
H1 2020 18.80 12.3 % 2.82 (7.2 %) 1.57 (25.4 %)
H2 2020 26.03 47.9 % 7.39 33.0 % 5.02 18.8 %
H1 2021 23.25 23.6 % 6.04 114.2 % 4.16 165.0 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 2.40 - 0.83 - 2.40 0.83
H2 2019 3.85 - 1.33 - 3.85 1.33
H1 2020 1.52 (36.8 %) 0.52 - 1.52 0.52
H2 2020 4.96 28.8 % 1.71 - 4.96 1.71
H1 2021 4.04 166.2 % 1.39 - 4.04 1.39

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 25.02 % 28.92 % 18.21 %
H1 2020 23.01 % 25.40 % 14.75 %
H2 2020 22.77 % 22.96 % 14.45 %
H1 2021 27.25 % 27.07 % 18.27 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 2.90 - - -
H2 2019 2.90 2.16 2.16 11.88
H1 2020 2.90 1.85 1.85 12.40
H2 2020 2.90 2.23 2.23 14.15
H1 2021 2.90 3.10 3.10 15.54

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H1 2021 36.27 36.27 7.25

Current
Market Cap (M Riyal) 144.42
Enterprise Value (EV) (M) 162.05
Shares Outstanding ((M)) 2.90
Book Value (BV) ( Riyal) 17.30
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
Price/book 2.88

Share Price

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)


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