Leen Alkhair 2022 net profit rises 13% to SAR 23.2 mln
30/03/2023
Argaam Exclusive
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Leen Alkhair Trading Co.’s 2022 net profit grew 13% to SAR 23.2 million from SAR 20.5 million a year earlier, driven by higher sales of fruit and vegetables.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 188.56 | 228.57 | 21.2 % |
| Gross Income | 32.91 | 40.83 | 24.1 % |
| Operating Income | 22.83 | 25.17 | 10.2 % |
| Net Income | 20.46 | 23.18 | 13.3 % |
| Average Shares | 7.34 | 7.34 | - |
| EPS (Riyals) | 2.79 | 3.16 | 13.3 % |
Revenue also increased by 21% YoY to SAR 228.567 million in 2022 on higher sales in the Saudi market.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 97.37 | 118.98 | 22.2 % |
| Gross Income | 9.02 | 22.02 | 144.1 % |
| Operating Income | 7.22 | 13.34 | 84.8 % |
| Net Income | 6.21 | 12.33 | 98.8 % |
| Average Shares | 7.34 | 7.34 | - |
| EPS (Riyals) | 0.85 | 1.68 | 98.8 % |
Total shareholders’ equity, no minority interest, reached SAR 107.74 million by the end of 2022, compared to SAR 84.31 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 109.59 | 20.2 % | 18.81 | (21.3 %) | 11.83 | (24.2 %) |
| H2 2022 | 118.98 | 22.2 % | 22.02 | 144.1 % | 13.34 | 84.8 % |
| 2022 | 228.57 | 21.2 % | 40.83 | 24.1 % | 25.17 | 10.2 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 10.84 | (23.9 %) | 1.48 | - | 10.84 | 1.48 |
| H2 2022 | 12.33 | 98.8 % | 1.68 | - | 12.33 | 1.68 |
| 2022 | 23.18 | 13.3 % | 3.16 | - | 23.18 | 3.16 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 13.45 % | 10.64 % | 10.65 % |
| H2 2022 | 17.86 % | 12.76 % | 10.14 % |
| 2022 | 17.86 % | 12.76 % | 10.14 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 7.34 | 2.32 | 3.00 | 12.96 |
| H2 2022 | 7.34 | 3.16 | 3.16 | 14.67 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | - | - | - |
| Current | |
| Market Cap (M Riyal) | 187.03 |
| Enterprise Value (EV) (M) | 276.65 |
| Shares Outstanding ((M)) | 8.16 |
| Book Value (BV) ( Riyal) | 17.92 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 15.60 |
| Price/book | 1.28 |
Share Price
Leen Alkhair Trading Co. (LEEN ALKHAIR)
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