Al-Jouf Mineral Water’s 2022 net profit grows by 22% to SAR 5.7 mln
30/03/2023
Argaam Exclusive
View other reports
Al-Jouf Mineral Water Bottling Co. reported a net profit after Zakat and tax of SAR 5.7 million in 2022, an increase of 22% from SAR 4.7 million in the prior-year period.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 67.63 | 73.98 | 9.4 % |
| Gross Income | 34.24 | 30.59 | (10.7 %) |
| Operating Income | 5.27 | 6.75 | 27.9 % |
| Net Income | 4.70 | 5.74 | 22.1 % |
| Average Shares | 93.75 | 93.75 | - |
| Earnings Per Share before unusual items | 0.05 | 0.06 | 22.1 % |
| EPS (Halala) | 5.02 | 6.12 | 22.1 % |
This was triggered by a 9.39% year-on-year (YoY) sales growth during the period.
In addition, the company is relying on the retail and homes businesses despite higher cost of raw materials.
Accordingly, sales improved amid lower selling and distribution expenses as well as general and administrative expenses.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 35.10 | 37.89 | 8.0 % |
| Gross Income | 17.32 | 12.05 | (30.4 %) |
| Operating Income | 2.52 | 3.83 | 52.3 % |
| Net Income | 2.11 | 2.93 | 39.2 % |
| Average Shares | 93.75 | 93.75 | - |
| Earnings Per Share before unusual items | 0.02 | 0.03 | 39.2 % |
| EPS (Halala) | 2.25 | 3.13 | 39.2 % |
Total shareholders’ equity, excluding minority interest, stood at SAR 83.159 million by the end of 2022, compared to SAR 57.951 million in the year-earlier period.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 36.08 | 10.9 % | 18.53 | 9.5 % | 2.91 | 5.7 % |
| H2 2022 | 37.89 | 8.0 % | 12.05 | (30.4 %) | 3.83 | 52.3 % |
| 2022 | 73.98 | 9.4 % | 30.59 | (10.7 %) | 6.75 | 27.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Halala) | Extraordinary Income/Expense | Net Profit Before Unusual Items | Earnings Per Share before unusual items |
|---|---|---|---|---|---|---|
| H1 2022 | 2.81 | 8.2 % | 3.00 | - | 2.81 | 0.03 |
| H2 2022 | 2.93 | 39.2 % | 3.13 | - | 2.93 | 0.03 |
| 2022 | 5.74 | 22.1 % | 6.12 | - | 5.74 | 0.06 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 50.37 % | 15.95 % | 6.91 % |
| H2 2022 | 41.34 % | 18.08 % | 7.76 % |
| 2022 | 41.34 % | 18.08 % | 7.76 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Halala) | Earnings Per Share before unusual items (Halala) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 93.75 | 5.24 | 5.24 | 0.86 |
| H2 2022 | 93.75 | 6.12 | 6.12 | 0.89 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | 40.63 | 40.63 | 2.47 |
| H2 2022 | 21.23 | 21.23 | 1.47 |
| Current | |
| Market Cap (M Riyal) | 154.69 |
| Enterprise Value (EV) (M) | 215.67 |
| Shares Outstanding ((M)) | 93.75 |
| Book Value (BV) ( Riyal) | 0.96 |
| Par Value ( Halala) | 50.00 |
| Adjusted P/E (Last12) | More than 100 |
| Price/book | 1.72 |
Share Price
Aljouf Mineral Water Bottling Co. (ALJOUF WATER)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}