AlNaqool makes SAR 1.2M profit in H1 2024

AlNaqool makes SAR 1.2M profit in H1 2024

26/08/2024 Argaam Exclusive

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Mohammed Hasan AlNaqool Sons Co. swung to a net profit of SAR 1.2 million in the first half of 2024, against a net loss of SAR 652,000 in H1 2023.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 18.77 29.23 55.7 %
Gross Income 2.21 4.71 112.5 %
Operating Income 0.10 2.33 2216.0 %
Net Income (0.65) 1.20 284.2 %
Average Shares 2.90 2.90 -
EPS (Riyals) (0.22) 0.41 284.2 %

The positive results were driven by higher revenues from subsidiaries.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 18.77 29.23 55.7 %
Gross Income 2.21 4.71 112.5 %
Operating Income 0.10 2.33 2216.0 %
Net Income (0.65) 1.20 284.2 %
Average Shares 2.90 2.90 -
EPS (Riyals) (0.22) 0.41 284.2 %

Shareholders’ equity, no minority interest, decreased to SAR 51.6 million as of June 30, 2024, from SAR 52.4 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

Earnings per Share

(SAR)

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

(0.09)

(0.03)

H1 2023

18.77

(0.65)

(0.22)

H2 2023

24.52

(1.45)

(0.50)

H1 2024

29.23

1.20

0.41

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %)
H2 2023 24.52 21.9 % 3.77 292.3 % 2.16 238.5 %
H1 2024 29.23 55.7 % 4.71 112.5 % 2.33 2216.0 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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)
H2 2023 0.36 503.8 % 0.12 - 0.36 0.12
H1 2024 1.20 284.2 % 0.41 - 1.20 0.41

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %)
H2 2023 13.82 % 16.51 % (0.68 %)
H1 2024 15.77 % 17.18 % 2.90 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
H2 2023 2.90 (0.10) (0.10) 17.30
H1 2024 2.90 0.54 0.54 17.79

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
H2 2023 NEG NEG 3.03
H1 2024 77.79 77.79 2.35

Business Segments (Million)

Compared With The
Period Concrete and cement block segment Real estate segment Others
Q2 2023 18.77 - -
Q4 2023 20.93 3.59 -
Q2 2024 19.51 8.34 1.38


Financial Ratios
Current
Market Cap (M Riyal) 145.00
Enterprise Value (EV) (M) 162.63
Shares Outstanding ((M)) 2.90
Book Value (BV) ( Riyal) 17.30
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
Price/book 2.89
more

Share Price

Mohammed Hasan AlNaqool Sons Co.
49.35
(1.45) (2.85 %)

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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