Alhasoob net profit slides to SAR 1.7M in 2023

Alhasoob net profit slides to SAR 1.7M in 2023

31/03/2024 Argaam Exclusive

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Alhasoob Co.’s net profit slumped by 74% to SAR 1.7 million in 2023, compared to SAR 6.7 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 220.24 229.81 4.3 %
Gross Income 20.65 14.36 (30.5 %)
Operating Income 8.20 2.94 (64.2 %)
Net Income 6.66 1.74 (73.8 %)
Average Shares 2.80 2.80 -
EPS (Riyals) 2.38 0.62 (73.8 %)

This was attributed to lower exports and decreased product profit margins on abundant supply and fierce competition.



Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Revenues 121.12 123.93 2.3 %
Gross Income 9.59 7.78 (18.8 %)
Operating Income 4.07 0.88 (78.5 %)
Net Income 3.24 0.31 (90.3 %)
Average Shares 2.80 2.80 -
EPS (Riyals) 1.16 0.11 (90.3 %)

Total shareholders’ equity, no minority interest, stood at SAR 37.19 million by Dec. 31, 2023, compared to SAR 35.55 million a year ago.

 

Historical Data

Period

Revenue (SAR mln)

Net profit (SAR mln)

EPS (SAR /share)

H1 2020

120.74

4.60

1.64

H2 2020

134.63

6.43

2.30

H1 2021

110.18

5.67

2.02

H2 2021

146.28

6.28

2.25

H1 2022

99.12

3.42

1.22

H2 2022

121.12

3.24

1.16

H1 2023

105.89

1.43

0.51

H2 2023

123.92

0.31

0.11

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %)
H1 2022 99.12 (10.0 %) 11.06 9.5 % 4.12 (31.5 %)
H2 2022 121.12 (17.2 %) 9.59 (31.5 %) 4.07 (40.1 %)
H1 2023 105.89 6.8 % 6.58 (40.5 %) 2.06 (50.1 %)
H2 2023 123.93 2.3 % 7.78 (18.8 %) 0.88 (78.5 %)
2023 229.81 4.3 % 14.36 (30.5 %) 2.94 (64.2 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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
H1 2022 3.42 (39.7 %) 1.22 - 3.42 1.22
H2 2022 3.24 (48.5 %) 1.16 - 3.24 1.16
H1 2023 1.43 (58.2 %) 0.51 - 1.43 0.51
H2 2023 0.31 (90.3 %) 0.11 - 0.31 0.11
2023 1.74 (73.8 %) 0.62 - 1.74 0.62

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
H1 2022 10.21 % 4.73 % 3.95 %
H2 2022 9.38 % 4.03 % 3.02 %
H1 2023 7.12 % 2.99 % 2.06 %
H2 2023 6.25 % 1.58 % 0.76 %
2023 6.25 % 1.58 % 0.76 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
H1 2022 2.80 3.46 3.46 11.60
H2 2022 2.80 2.38 2.38 12.70
H1 2023 2.80 1.67 1.67 13.21
H2 2023 2.80 0.62 0.62 13.28

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
H1 2022 32.85 32.85 9.81
H2 2022 41.02 41.02 7.68
H1 2023 60.50 60.50 7.63
H2 2023 More than 100 More than 100 6.19


Share Price

Alhasoob Co.
63.00
0.60 0.96 %

Alhasoob Co. (ALHASOOB)

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