Al Naqool logs SAR 1.2 mln profit in H1 2023

Al Naqool logs SAR 1.2 mln profit in H1 2023

20/08/2023 Argaam Exclusive

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Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 23.11 18.77 (18.8 %)
Gross Income 4.41 2.21 (49.8 %)
Operating Income 2.36 0.10 (95.7 %)
Net Income 0.29 (0.65) (323.5 %)
Average Shares 2.90 2.90 -
EPS (Riyals) 0.10 (0.22) (323.5 %)

The profit growth was driven by currency exchange differences despite the high prices of raw materials, in addition to the decline in sales due to the company maintaining its selling price policy, which will reflect positively on the firm's performance in the future.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 23.11 18.77 (18.8 %)
Gross Income 4.41 2.21 (49.8 %)
Operating Income 2.36 0.10 (95.7 %)
Net Income 0.29 (0.65) (323.5 %)
Average Shares 2.90 2.90 -
EPS (Riyals) 0.10 (0.22) (323.5 %)

Shareholders' equity, no minority rights, stood at SAR 52.40 million in H1 2023, compared with SAR 50.55 million a year earlier.

 

                                                          Historical Development of Financials 

Period 

Revenues

(SAR mln) 

Net Earnings

(SAR mln) 

EPS

(SAR/Share) 

H1 2019 

16.75 

2.40 

0.83 

H2 2019 

17.60 

3.85 

1.33 

H1 2020 

18.80 

1.52 

0.52 

H2 2020 

26.04 

4.96 

1.71 

H1 2021 

23.25 

4.04 

1.39 

H2 2021 

30.07 

5.17 

1.78 

H1 2022 

23.11 

0.29 

0.10 

H2 2022 

20.12 

0.52 

0.18 

H1 2023 

18.77 

1.15 

0.40 
 

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 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 %
H2 2021 30.08 15.5 % 4.97 (32.7 %) 4.00 (20.2 %)
H1 2022 23.11 (0.6 %) 4.41 (27.0 %) 2.36 (43.3 %)
H2 2022 20.12 (33.1 %) 0.96 (80.7 %) (1.56) (139.1 %)
H1 2023 18.77 (18.8 %) 2.21 (49.8 %) 0.10 (95.7 %)


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 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
H2 2021 5.16 4.1 % 1.78 - 5.16 1.78
H1 2022 0.29 (92.8 %) 0.10 - 0.29 0.10
H2 2022 (0.09) (101.7 %) (0.03) 1.41 (1.50) (0.52)
H1 2023 (0.65) (323.5 %) (0.22) - (0.65) (0.22)

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 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 %
H2 2021 20.65 % 22.61 % 17.26 %
H1 2022 17.63 % 19.29 % 10.25 %
H2 2022 12.42 % 10.79 % (2.80 %)
H1 2023 8.16 % 7.41 % (5.54 %)


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 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
H2 2021 2.90 3.17 3.17 17.32
H1 2022 2.90 1.88 1.88 17.43
H2 2022 2.90 0.07 (0.42) 17.43
H1 2023 2.90 (0.26) (0.74) 17.20

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 36.27 36.27 7.25
H2 2021 55.64 55.64 10.20
H1 2022 49.24 49.24 5.31
H2 2022 More than 100 NEG 3.67
H1 2023 NEG NEG 3.42

Business Segments (Million)

Compared With The
Period Concrete and cement block segment Real estate segment Others
Q2 2023 18.77 - -


Financial Ratios
Current
Market Cap (M Riyal) 147.32
Enterprise Value (EV) (M) 164.95
Shares Outstanding ((M)) 2.90
Book Value (BV) ( Riyal) 17.30
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
Price/book 2.94
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Share Price

Mohammed Hasan AlNaqool Sons Co.
50.80
4.25 9.13 %

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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