Jahez net profit rises 85% to SAR 53.2 mln in H1 2022
View other reports
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 | 209.84 | 9.3 % |
| EPS (Halala) | 14.96 | 25.36 | 69.6 % |
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.
Current Half Annual Comparison (M)
| Item | H1 2021 | H1 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 | 209.84 | 9.3 % |
| EPS (Halala) | 14.96 | 25.36 | 69.6 % |
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 | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 739.82 | 52.1 % | 168.81 | 79.1 % | 60.14 | 91.2 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Halala) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 53.22 | 85.3 % | 25.36 | - | 53.22 | 0.25 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 22.65 % | 11.13 % | 10.02 % |
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Halala) | Adjusted EPS (Halala) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 209.84 | 67.47 | 67.47 | 4.72 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | 67.37 | 67.37 | 9.62 |
Business Segments (Million)
Q2 2022
| Period | Delivery Platforms Segment | Logistics Activity | Other Activities | Exclusions |
|---|---|---|---|---|
| Q2 2022 | 738.13 | 138.59 | 1.69 | (138.59) |
Analysts Estimates (Million)
| Item | Q2 2022 (e) | Q2 2022 (a) | Change |
|---|---|---|---|
| Average | 48.00 | 53.22 | 10.87 % |
Estimates vs Actual (Million)
| Item | Q2 2022 (e) | Q2 2022 (a) | Change |
|---|---|---|---|
| Al Rajhi Capital | 48.00 | 53.22 | 10.9 % |
| Current | |
| Market Cap (M Riyal) | 7,889.98 |
| Enterprise Value (EV) (M) | 6,669.24 |
| Shares Outstanding ((M)) | 209.84 |
| Book Value (BV) ( Riyal) | 5.49 |
| Par Value ( Halala) | 50.00 |
| Adjusted P/E (Last12) | More than 100 |
| Price/book | 6.85 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}