Tadweeer’s H1 2022 net profit falls 13% to SAR 8.5 mln

Tadweeer’s H1 2022 net profit falls 13% to SAR 8.5 mln

14/09/2022 Argaam Exclusive

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National Environmental Recycling Co. (Tadweeer) posted a drop of 13% in H1 2022 net profit after Zakat and tax to SAR 8.5 million, compared to SAR 9.8 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 67.15 191.69 185.5 %
Gross Income 10.67 14.02 31.4 %
Operating Income 8.13 11.11 36.7 %
Net Income 9.77 8.47 (13.2 %)
Average Shares 58.08 58.08 -
EPS (Riyals) 0.17 0.15 (13.2 %)

The lower profit was attributed to a decline in gross profit margins (GPMs), due to the nature of business. The company explained that it deals with various types of minerals, and the sales of the current period included low-margin minerals. Accordingly, GPM decreased from 15.9% to 7.6%.

 

Moreover, the company’s Safe Information Modern System Co. was acquired in Dubai, which increased net profit by SAR 2.350 million in H1 2021



Shareholders equity, after minority interest, reached SAR 146.686 million as of June 30, 2022, up from SAR 55.813 million a year earlier.

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
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 20.79 - 6.37 - 5.09 - 0.09
Q4 2020 41.65 - 9.40 - 6.59 - 0.11
Q1 2021 - - - - - - -
Q2 2021 - - - - - - -
Q3 2021 36.79 76.9 % 4.15 (34.9 %) 3.40 (33.1 %) 0.06
Q4 2021 49.66 19.3 % 3.95 (58.0 %) (1.82) (127.6 %) (0.03)
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
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 30.64 % - 24.48 %
Q4 2020 25.26 % 22.89 % 18.71 %
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 20.07 % 18.60 % 15.20 %
Q4 2021 16.03 % 12.39 % 8.91 %
Q1 2022 - - -
Q2 2022 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
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 58.08 0.09 0.09 -
Q4 2020 58.08 0.20 0.20 0.80
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 58.08 0.26 0.26 1.03
Q4 2021 58.08 0.23 0.23 2.38
Q1 2022 - - - -
Q2 2022 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
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 - - -


Financial Ratios
Current
Market Cap (M Riyal) 798.02
Enterprise Value (EV) (M) 866.63
Shares Outstanding ((M)) 58.08
Book Value (BV) ( Riyal) 3.44
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 34.59
Price/book 3.99
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Share Price

National Environmental Recycling Co.
13.74
0.00 0.00 %

National Environmental Recycling Co. (TADWEEER)

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