GAS H1 2022 net profit rises 16% to SAR 17.8 mln

GAS H1 2022 net profit rises 16% to SAR 17.8 mln

21/08/2022 Argaam Exclusive

View other reports

Gas Arabian Services Co. (GAS) reported a net profit after Zakat and tax of SAR 17.8 million in H1 2022, an increase of 16%, compared to SAR 15.4 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 139.89 188.99 35.1 %
Gross Income 30.85 35.73 15.8 %
Operating Income (2.20) 1.99 190.3 %
Net Income 15.44 17.85 15.6 %
Average Shares 158.00 158.00 -
EPS (Riyals) 0.10 0.11 15.6 %

This was triggered by higher total shares and increased profit share from joint ventures and associates.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 139.89 188.99 35.1 %
Gross Income 30.85 35.73 15.8 %
Operating Income (2.20) 1.99 190.3 %
Net Income 15.44 17.85 15.6 %
Average Shares 158.00 158.00 -
EPS (Riyals) 0.10 0.11 15.6 %

Total shareholders’ equity, excluding minority interest, stood at SAR 264.414 million by the end of H1 2022, compared to SAR 233.799 million in the year-earlier period.

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 130.13 - 26.22 - 1.64 -
H2 2020 191.88 - 90.84 - 64.86 -
H1 2021 139.89 7.5 % 30.85 17.7 % (2.20) (233.8 %)
H2 2021 246.58 28.5 % 73.86 (18.7 %) 39.56 (39.0 %)
H1 2022 188.99 35.1 % 35.73 15.8 % 1.99 190.3 %


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 9.49 - 0.06 - 9.49 0.06
H2 2020 63.82 - 0.40 - 63.82 0.40
H1 2021 15.44 62.7 % 0.10 - 15.44 0.10
H2 2021 44.62 (30.1 %) 0.28 - 44.62 0.28
H1 2022 17.85 15.6 % 0.11 - 17.85 0.11

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 36.35 % 21.68 % 22.77 %
H1 2021 36.68 % 19.89 % 23.89 %
H2 2021 27.09 % 10.68 % 15.54 %
H1 2022 25.16 % 10.53 % 14.34 %


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 158.00 - - 1.11
H2 2020 158.00 0.46 0.46 1.52
H1 2021 158.00 0.50 0.50 1.48
H2 2021 158.00 0.38 0.38 1.76
H1 2022 158.00 0.40 0.40 1.67

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 18.89 18.89 4.46

Business Segments (Million)

Compared With The
Period Trade sector services segment Manufacturing sector
Q2 2020 77.30 52.32 0.51
Q4 2020 110.56 72.59 8.73
Q2 2021 77.84 55.65 6.40
Q4 2021 138.58 102.92 5.07
Q2 2022 109.72 76.22 3.05


Financial Ratios
Current
Market Cap (M Riyal) 2,907.20
Enterprise Value (EV) (M) 2,816.14
Shares Outstanding ((M)) 158.00
Book Value (BV) ( Riyal) 2.28
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 35.68
Price/book 8.06
more

Share Price

Gas Arabian Services Co.
18.40
0.16 0.88 %

Gas Arabian Services Co. (GAS)

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.