Ladun Investment H1 2023 profit surges to SAR 73.2 mln

Ladun Investment H1 2023 profit surges to SAR 73.2 mln

23/08/2023 Argaam Exclusive

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Ladun Investment Co.'s net earnings in H1 2023 soared to SAR 73.2 million, compared with SAR 30 million a year earlier.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 513.89 652.13 26.9 %
Gross Income 81.88 147.04 79.6 %
Operating Income 43.16 79.76 84.8 %
Net Income 30.01 73.15 143.7 %
Average Shares 500.00 500.00 -
EPS (Riyals) 0.06 0.15 143.7 %

This was driven by an improvement in the real estate segment, especially as the company's new and ongoing projects have a significant profit margin.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 513.89 652.13 26.9 %
Gross Income 81.88 147.04 79.6 %
Operating Income 43.16 79.76 84.8 %
Net Income 30.01 73.15 143.7 %
Average Shares 500.00 500.00 -
EPS (Riyals) 0.06 0.15 143.7 %

Shareholders’ equity, no minority interest, rose to SAR 602.29 million as of June 30, 2023, from SAR 544.16 million a year earlier. 

 

Historical Data 

Period  

Revenue 

(SAR mln)  

Net Profit 

(SAR mln)   

EPS 

(SAR/Share)  

H1 2021

402.40

73.49

0.15

H2 2021

367.42

7.31

0.01

H1 2022

513.89

30.01

0.06

H2 2022

367.29

30.18

0.06

H1 2023

652.13

73.15

0.15

 

 

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 176.02 - 28.22 - (0.97) -
H2 2020 351.00 - 77.58 - 32.93 -
H1 2021 402.40 128.6 % 35.86 27.1 % 10.48 1182.2 %
H2 2021 367.42 4.7 % 66.99 (13.7 %) 25.40 (22.9 %)
H1 2022 513.89 27.7 % 81.88 128.3 % 43.16 311.8 %
H2 2022 367.29 0.0 % 85.18 27.2 % 34.27 34.9 %
H1 2023 652.13 26.9 % 147.04 79.6 % 79.76 84.8 %


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 (3.02) - (0.01) - (3.02) (0.01)
H2 2020 27.84 - 0.06 - 27.84 0.06
H1 2021 73.49 2530.5 % 0.15 57.58 15.91 0.03
H2 2021 7.31 (73.7 %) 0.01 - 7.31 0.01
H1 2022 30.01 (59.2 %) 0.06 - 30.01 0.06
H2 2022 30.18 312.6 % 0.06 5.51 24.67 0.05
H1 2023 73.15 143.7 % 0.15 - 73.15 0.15

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 20.07 % 15.69 % 4.71 %
H1 2021 15.06 % 12.65 % 5.81 %
H2 2021 13.36 % 8.31 % 3.02 %
H1 2022 16.89 % 11.37 % 4.24 %
H2 2022 18.96 % 13.13 % 6.21 %
H1 2023 22.78 % 14.44 % 9.60 %


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 500.00 - - 1.08
H2 2020 500.00 0.05 0.05 0.89
H1 2021 500.00 0.20 0.09 1.08
H2 2021 500.00 0.16 0.05 1.03
H1 2022 500.00 0.07 0.07 1.09
H2 2022 500.00 0.12 0.11 1.10
H1 2023 500.00 0.21 0.20 1.20

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 20.15 20.15 1.38
H2 2022 13.21 14.54 1.44
H1 2023 8.23 8.69 1.41

Business Segments (Million)

Compared With The
Period Real estate investment Construction sector Industrial development services segment Restaurants
Q2 2020 114.25 23.88 - 1.31 36.59
Q4 2020 171.37 117.42 - 0.49 61.72
Q2 2021 343.87 30.86 23.45 4.22 -
Q4 2021 198.00 132.93 39.79 (3.31) -
Q2 2022 307.32 156.57 48.46 1.55 -
Q4 2022 247.55 79.54 38.02 2.18 -
Q2 2023 499.24 100.70 47.52 4.67 -


Financial Ratios
Current
Market Cap (M Riyal) 1,765.00
Enterprise Value (EV) (M) 2,682.32
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 1.19
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 14.58
Price/book 2.96
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Share Price

Ladun Investment Co.
3.53
(0.07) (1.94 %)

Ladun Investment Co. (LADUN)

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