Al-Jouf Mineral Water H1 2023 profit falls 18% to SAR 2.3 mln

Al-Jouf Mineral Water H1 2023 profit falls 18% to SAR 2.3 mln

10/08/2023 Argaam Exclusive

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Al-Jouf Mineral Water Bottling Co. reported a net profit of SAR 2.3 million in H1 2023, a decline of 18% from SAR 2.8 million in the year-earlier period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 36.08 37.49 3.9 %
Gross Income 18.53 19.74 6.5 %
Operating Income 2.91 2.84 (2.5 %)
Net Income 2.81 2.31 (17.8 %)
Average Shares 4.69 4.69 -
EPS (Riyals) 0.60 0.49 (17.8 %)

This was due to an increase in the costs of raw materials and transportation. In addition, general, administrative and marketing expenses edged higher.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 36.08 37.49 3.9 %
Gross Income 18.53 19.74 6.5 %
Operating Income 2.91 2.84 (2.5 %)
Net Income 2.81 2.31 (17.8 %)
Average Shares 4.69 4.69 -
EPS (Riyals) 0.60 0.49 (17.8 %)

Shareholders’ equity, no minority interest, stood at SAR 85.47 million as of June 30, 2023, compared to SAR 80.89 million a year earlier.

 

                                                                           Development of Financial Figures

Period

Revenue

Net Earnings

EPS

H1 2020

40.66

2.27

0.48

H2 2020

30.97

2.30

0.49

H1 2021

32.53

2.60

0.55

H2 2021

35.10

2.10

0.45

H1 2022

36.08

2.81

0.60

H2 2022

37.9

2.93

0.62

H1 2023

37.5

2.3

0.53

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 40.66 - 20.90 - 2.72 -
H2 2020 30.97 - 15.87 - 1.99 -
H1 2021 32.53 (20.0 %) 16.92 (19.0 %) 2.76 1.4 %
H2 2021 35.10 13.3 % 17.32 9.2 % 2.52 26.5 %
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 %
H1 2023 37.49 3.9 % 19.74 6.5 % 2.84 (2.5 %)


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 2.27 - 0.48 - 2.27 0.48
H2 2020 2.30 - 0.49 - 2.30 0.49
H1 2021 2.60 14.2 % 0.55 - 2.60 0.55
H2 2021 2.11 (8.2 %) 0.45 - 2.11 0.45
H1 2022 2.81 8.2 % 0.60 - 2.81 0.60
H2 2022 2.93 39.2 % 0.63 - 2.93 0.63
H1 2023 2.31 (17.8 %) 0.49 - 2.31 0.49

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 51.32 % 15.02 % 6.38 %
H1 2021 51.63 % 16.95 % 7.70 %
H2 2021 50.63 % 16.79 % 6.95 %
H1 2022 50.37 % 15.95 % 6.91 %
H2 2022 41.34 % 18.08 % 7.76 %
H1 2023 42.18 % 17.47 % 6.95 %


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 4.69 - - -
H2 2020 4.69 0.97 0.97 11.36
H1 2021 4.69 1.04 1.04 11.91
H2 2021 4.69 1.00 1.00 12.36
H1 2022 4.69 1.05 1.05 17.26
H2 2022 4.69 1.22 1.22 17.76
H1 2023 4.69 1.12 1.12 18.23

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 - - -
H1 2022 40.65 40.65 2.47
H2 2022 21.24 21.24 1.47
H1 2023 25.60 25.60 1.57


Financial Ratios
Current
Market Cap (M Riyal) 118.66
Enterprise Value (EV) (M) 165.60
Shares Outstanding ((M)) 4.69
Book Value (BV) ( Riyal) 18.60
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.91
Price/book 1.36
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Share Price

Aljouf Mineral Water Bottling Co.
25.30
2.30 10.00 %

Aljouf Mineral Water Bottling Co. (ALJOUF WATER)

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