Enma AlRawabi profit slips to SAR 12.2 mln in H1 2023

Enma AlRawabi profit slips to SAR 12.2 mln in H1 2023

17/08/2023 Argaam Exclusive

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Enma AlRawabi Co. reported a marginal decline in H1 2023 net profit to SAR 12.2 million from SAR 12.4 million in H1 2022.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 20.05 21.52 7.3 %
Gross Income 14.77 16.02 8.5 %
Operating Income 11.95 12.97 8.5 %
Net Income 12.38 12.20 (1.4 %)
Average Shares 40.00 40.00 -
EPS (Riyals) 0.31 0.31 (1.4 %)

The lower profit was attributed to losses from the revaluation of investment funds compared to H1 2022.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 20.05 21.52 7.3 %
Gross Income 14.77 16.02 8.5 %
Operating Income 11.95 12.97 8.5 %
Net Income 12.38 12.20 (1.4 %)
Average Shares 40.00 40.00 -
EPS (Riyals) 0.31 0.31 (1.4 %)
Total shareholders’ equity, no minority interest, reached SAR 536.52 million as of June 30, 2023, compared to SAR 504.94 million a year earlier.
 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2020

17.15

10.23

0.26

H2 2020

25.38

13.11

0.32

H1 2021

19.60

12.82

0.32

H2 2021

19.38

9.17

0.23

H1 2022

20.05

12.38

0.31

H2 2022

28.08

19.46

0.49

H1 2023

21.52

12.20

0.31

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 17.15 - 11.29 - 10.19 -
H2 2020 25.39 - 17.95 - 14.72 -
H1 2021 19.60 14.3 % 14.33 27.0 % 12.86 26.2 %
H2 2021 19.38 (23.7 %) 13.98 (22.1 %) 10.35 (29.7 %)
H1 2022 20.05 2.3 % 14.77 3.0 % 11.95 (7.1 %)
H2 2022 28.08 44.9 % 22.98 64.4 % 21.41 106.8 %
H1 2023 21.52 7.3 % 16.02 8.5 % 12.97 8.5 %


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 10.23 - 0.26 - 10.23 0.26
H2 2020 13.11 - 0.33 - 13.11 0.33
H1 2021 12.81 25.3 % 0.32 - 12.81 0.32
H2 2021 9.18 (30.0 %) 0.23 - 9.18 0.23
H1 2022 12.38 (3.4 %) 0.31 - 12.38 0.31
H2 2022 19.46 112.0 % 0.49 - 19.46 0.49
H1 2023 12.20 (1.4 %) 0.31 - 12.20 0.31

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 68.75 % 78.22 % 54.87 %
H1 2021 71.76 % 80.28 % 57.63 %
H2 2021 72.62 % 81.54 % 56.41 %
H1 2022 72.89 % 78.41 % 54.67 %
H2 2022 78.43 % 87.31 % 66.15 %
H1 2023 78.63 % 86.87 % 63.84 %


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 40.00 - - -
H2 2020 40.00 0.58 0.58 11.77
H1 2021 40.00 0.65 0.65 12.09
H2 2021 40.00 0.55 0.55 12.31
H1 2022 40.00 0.54 0.54 12.62
H2 2022 40.00 0.80 0.80 13.11
H1 2023 40.00 0.79 0.79 13.41

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 62.02 62.02 2.77
H1 2022 40.82 40.82 1.74
H2 2022 22.87 22.87 1.39
H1 2023 25.90 25.90 1.53

Business Segments (Million)

Compared With The
Period Commercial center housing center


Financial Ratios
Current
Market Cap (M Riyal) 751.20
Enterprise Value (EV) (M) 701.27
Shares Outstanding ((M)) 40.00
Book Value (BV) ( Riyal) 13.91
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 17.81
Price/book 1.35
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Share Price

Enma AlRawabi Co.
18.78
0.28 1.51 %

Enma AlRawabi Co. (ENMA ALRAWABI)

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