AMAK net profit rises 22% to SAR 41.8 mln in Q1 2022

AMAK net profit rises 22% to SAR 41.8 mln in Q1 2022

17/05/2022 Argaam Exclusive

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Al Masane Al Kobra Mining Co. (AMAK) reported a net profit after Zakat and tax of SAR 41.8 million in Q1 2022, up 22% compared to SAR 34.3 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 117.59 157.99 34.4 %
Gross Income 47.11 68.06 44.5 %
Operating Income 35.99 49.66 38.0 %
Net Income 34.32 41.82 21.8 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.38 0.46 21.8 %

The rise in profit was driven by higher revenue from base and precious metals segment, despite an increase in general and administrative, selling and marketing, and Zakat expenses.

 

Net profit after Zakat and tax fell 33.3% from SAR 62.7 million in Q4 2021, mainly due to lower revenue following a decrease in production and sales volume of most metals as the company carried out maintenance and improvement works.

 

AMAK also noted an increase in general and administrative and Zakat expenses.

 

Shareholders’ equity, after minority interest, increased to SAR 1.295 billion as of March 31, 2022, from SAR 486.309 million a year earlier.

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 66.49 - 14.41 - 1.63 - 0.02
Q2 2020 78.59 - 23.76 - 11.20 - 0.12
Q3 2020 89.79 - 31.61 - 16.39 - 0.18
Q4 2020 140.28 - 55.48 - 58.25 - 0.65
Q1 2021 117.59 76.8 % 47.11 226.8 % 34.32 2000.6 % 0.38
Q2 2021 146.62 86.6 % 71.50 200.9 % 58.43 421.8 % 0.65
Q3 2021 150.25 67.3 % 66.58 110.7 % 41.82 155.2 % 0.46
Q4 2021 172.20 22.8 % 82.50 48.7 % 62.74 7.7 % 0.70
Q1 2022 157.99 34.4 % 68.06 44.5 % 41.82 21.8 % 0.46

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 33.39 % 31.45 % 23.31 %
Q1 2021 37.06 % 39.50 % 28.19 %
Q2 2021 41.62 % 46.91 % 33.87 %
Q3 2021 43.39 % 48.72 % 34.76 %
Q4 2021 45.63 % 52.81 % 33.63 %
Q1 2022 46.03 % 52.50 % 32.66 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 90.00 - - -
Q2 2020 90.00 - - -
Q3 2020 90.00 - - -
Q4 2020 90.00 0.97 0.97 5.02
Q1 2021 90.00 1.34 1.34 5.40
Q2 2021 90.00 1.86 1.86 6.05
Q3 2021 90.00 2.14 2.14 6.51
Q4 2021 90.00 2.19 2.19 7.20
Q1 2022 90.00 2.28 2.28 14.39

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 27.08 27.08 4.28

Business Segments (Million)

Compared With The
Period Factories mine Guyan mountain mine
Q3 2021 125.71 24.54
Q4 2021 130.47 41.72
Q1 2022 117.33 40.66


Financial Ratios
Current
Market Cap (M Riyal) 5,661.00
Enterprise Value (EV) (M) 5,758.03
Shares Outstanding ((M)) 90.00
EPS ( Riyal) (TTM) 0.41
Book Value (BV) ( Riyal) 12.97
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 4.85
Return on Average Assets (%) (TTM) 2.4
Return on Average Equity (%) (TTM) 3.0
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Share Price

Almasane Alkobra Mining Co.
62.90
0.10 0.16 %

Almasane Alkobra Mining Co. (AMAK)

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