Al-Hasoob net profit rises 8% to SAR 12 mln in 2021

Al-Hasoob net profit rises 8% to SAR 12 mln in 2021

29/03/2022 Argaam Exclusive

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Al-Hasoob Co. reported a net profit after Zakat and tax of SAR 12 million in 2021, an increase of 8% from SAR 11 million a year earlier.



Financials (M)

Item 2020 2021 Change‬
Revenues 255.37 256.46 0.4 %
Gross Income 20.13 24.10 19.7 %
Operating Income 11.73 12.81 9.2 %
Net Income 11.03 11.95 8.3 %
Average Shares 2.80 2.80 -
EPS (Riyals) 3.94 4.27 8.3 %

The earnings rise was driven by lower cost of sales. 

 


Current Half Annual Comparison (M)

Compared With The
Item H2 2020 H2 2021 Change‬
Revenues 134.63 146.27 8.6 %
Gross Income 11.44 13.99 22.4 %
Operating Income 6.86 6.79 (0.9 %)
Net Income 6.44 6.28 (2.4 %)
Average Shares 2.80 2.80 -
EPS (Riyals) 2.30 2.24 (2.4 %)

Total shareholders’ equity, excluding minority interest, increased to SAR 29.1 million in 2021, from SAR 25.2 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2012 - - - - - -
H2 2012 - - - - - -
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 120.74 - 8.69 - 4.87 -
H2 2020 134.63 - 11.44 - 6.86 -
H1 2021 110.18 (8.7 %) 10.11 16.3 % 6.02 23.6 %
H2 2021 146.27 8.6 % 13.99 22.4 % 6.79 (0.9 %)
2021 256.46 0.4 % 24.10 19.7 % 12.81 9.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2012 - - - - - -
H2 2012 - - - - - -
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 4.60 - 1.64 - 4.60 1.64
H2 2020 6.44 - 2.30 - 6.44 2.30
H1 2021 5.67 23.2 % 2.02 - 5.67 2.02
H2 2021 6.28 (2.4 %) 2.24 - 6.28 2.24
2021 11.95 8.3 % 4.27 - 11.95 4.27

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2012 - - -
H2 2012 - - -
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 7.88 % 4.82 % 4.32 %
H1 2021 8.80 % 5.45 % 4.94 %
H2 2021 9.40 % 5.24 % 4.66 %
2021 9.40 % 5.24 % 4.66 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2012 - - - -
H2 2012 - - - -
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 2.80 - - -
H2 2020 2.80 3.94 3.94 8.99
H1 2021 2.80 4.32 4.32 8.15
H2 2021 2.80 4.27 4.27 10.38

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2012 - - -
H2 2012 - - -
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 59.75 59.75 24.57

Current
Market Cap (M Riyal) 182.00
Enterprise Value (EV) (M) 167.18
Shares Outstanding ((M)) 2.80
Book Value (BV) ( Riyal) 13.28
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 4.89

Share Price

65.00
5.60 9.43 %

Alhasoob Co. (ALHASOOB)


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