Saudi Parts Center posts marginal rise in H1 2022 profit to SAR 2.8 mln

Saudi Parts Center posts marginal rise in H1 2022 profit to SAR 2.8 mln

06/09/2022 Argaam Exclusive

View other reports

Saudi Parts Center Co. (SPC) reported to a marginal rise in H1 2022 net profit after Zakat and tax to SAR 2.84 million, from SAR 2.82 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 38.32 44.35 15.7 %
Gross Income 13.71 15.38 12.2 %
Operating Income 3.39 3.43 1.1 %
Net Income 2.82 2.84 0.8 %
Average Shares 3.00 3.00 -
EPS (Riyals) 0.94 0.95 0.8 %

The company recorded an increase of SAR 6 million in revenue after seizing more available market opportunities to achieve the company’s targets. Gross profit also grew by SAR 1.7 million, on higher revenue. The slight growth in net profit came despite an increase of SAR 1.7 million in operating expenses (OPEX), due to higher staff costs.

 

The company also reported higher costs of licenses related to information technology and professional fees incurred on the company’s listing on Nomu-Parallel Market



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 38.32 44.35 15.7 %
Gross Income 13.71 15.38 12.2 %
Operating Income 3.39 3.43 1.1 %
Net Income 2.82 2.84 0.8 %
Average Shares 3.00 3.00 -
EPS (Riyals) 0.94 0.95 0.8 %

Shareholders’ equity, after minority interest, reached SAR 37.549 million as of June 30, 2022, up from SAR 31.999 million a year earlier

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
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 39.73 - 14.80 - 5.42 -
H2 2020 37.92 - 13.33 - 4.63 -
H1 2021 38.32 (3.5 %) 13.71 (7.4 %) 3.39 (37.4 %)
H2 2021 42.26 11.4 % 14.49 8.7 % 2.91 (37.1 %)
H1 2022 44.35 15.7 % 15.38 12.2 % 3.43 1.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
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 5.37 - 1.79 - 5.37 1.79
H2 2020 4.68 - 1.56 - 4.68 1.56
H1 2021 2.82 (47.5 %) 0.94 - 2.82 0.94
H2 2021 2.93 (37.4 %) 0.98 - 2.93 0.98
H1 2022 2.84 0.8 % 0.95 - 2.84 0.95

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
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 36.22 % 14.47 % 12.94 %
H1 2021 35.45 % 12.89 % 9.83 %
H2 2021 34.99 % 10.56 % 7.13 %
H1 2022 34.49 % 9.83 % 6.66 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
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 3.00 - - 8.29
H2 2020 3.00 3.35 3.35 9.80
H1 2021 3.00 2.50 2.50 10.67
H2 2021 3.00 1.92 1.92 11.57
H1 2022 3.00 1.92 1.92 12.52

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
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 - - -
H2 2021 - - -
H1 2022 65.00 65.00 9.99

Business Segments (Million)

Compared With The
Period Heavy equipment spare parts Truck spare parts Turbocharger spare parts
Q2 2022 27.46 11.06 5.83


Financial Ratios
Current
Market Cap (M Riyal) 204.00
Enterprise Value (EV) (M) 202.85
Shares Outstanding ((M)) 3.00
Book Value (BV) ( Riyal) 15.39
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 34.11
Price/book 4.42
more

Share Price

Saudi Parts Center Co.
68.00
4.00 6.25 %

Saudi Parts Center Co. (SPC)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.