Jahez net profit rises 85% to SAR 53.2 mln in H1 2022

Jahez net profit rises 85% to SAR 53.2 mln in H1 2022

04/09/2022 Argaam Exclusive

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Jahez International Company for Information System Technology reported a net profit after Zakat and tax of SAR 53.2 million for the first half of 2022, a rise of 85% from SAR 28.7 million a year earlier.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 486.46 739.82 52.1 %
Gross Income 94.26 168.81 79.1 %
Operating Income 31.45 60.14 91.2 %
Net Income 28.72 53.22 85.3 %
Average Shares 192.00 203.37 5.9 %
EPS (Halala) 14.96 26.17 74.9 %

The profit surge was attributed to a 59.9% surge year-on-year (YoY) in revenue, due to the increase in delivery fee and commission revenue by SAR 159.5 million and SAR 81.8 million, respectively.

 

The higher revenue was driven by a 36.5% YoY rise in gross merchandize value (GMV) to SAR 2 billion. The average take rate increased in the first half to 12.3%, compared to 11.2% in H1 2021. Gross profit also soared 90% despite a 52.6% increase in the cost of revenue.

 

Operating profit skyrocketed 91.2% YoY. Earnings before interest, tax, depreciation and amortization (EBITDA) grew to SAR 66.1 million, from SAR 34.1 million in H1 2021.



Total shareholders’ equity, excluding minority interest, rose to SAR 990.96 million as of June 30, 2022, from SAR 98.77 million a year earlier.  



Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Halala)
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 64.75 - 13.48 - 3.69 - 2.64
Q2 2020 93.93 - 26.19 - 17.74 - 12.67
Q3 2020 129.54 - 38.03 - 21.75 - 15.54
Q4 2020 171.09 - 30.83 - (1.17) - (0.84)
Q1 2021 243.29 275.7 % 59.43 340.9 % 26.34 613.4 % 18.81
Q2 2021 243.17 158.9 % 34.83 33.0 % 2.38 (86.6 %) 1.24
Q3 2021 361.24 178.9 % 98.05 157.8 % 61.33 182.0 % 31.94
Q4 2021 311.87 82.3 % 53.21 72.6 % 27.02 2403.2 % 14.07
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 20.82 % 6.74 % 5.70 %
Q2 2020 25.00 % - 13.51 %
Q3 2020 26.96 % - 14.98 %
Q4 2020 23.63 % 9.66 % 9.15 %
Q1 2021 24.22 % 10.69 % 10.14 %
Q2 2021 20.72 % 7.12 % 6.26 %
Q3 2021 21.90 % 9.50 % 8.72 %
Q4 2021 21.17 % 10.81 % 10.10 %
Q1 2022 - - -
Q2 2022 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) 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 140.00 2.64 2.64 -
Q2 2020 140.00 15.31 15.31 -
Q3 2020 140.00 30.84 30.84 -
Q4 2020 140.00 30.01 30.01 0.31
Q1 2021 140.00 46.18 46.18 0.50
Q2 2021 192.00 25.68 25.68 -
Q3 2021 192.00 46.29 46.29 0.83
Q4 2021 192.00 60.97 60.97 0.98
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 - - -

Business Segments (Million)

Compared With The
Period Delivery Platforms Segment Logistics Activity Other Activities Exclusions

Current
Market Cap (M Riyal) 5,655.19
Enterprise Value (EV) (M) 4,434.44
Shares Outstanding ((M)) 209.84
Book Value (BV) ( Riyal) 5.49
Par Value ( Halala) 50.00
Adjusted P/E (Last12) 45.12
Price/book 4.91

Jahez International Company for Information Systems Technology (JAHEZ)


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