Saudi Lime net profit climbs 83% to SAR 8.5M in H1 2024

Saudi Lime net profit climbs 83% to SAR 8.5M in H1 2024

25/08/2024 Argaam Exclusive

View other reports

Saudi Lime Industries Co. reported a net profit of SAR 8.5 million for the first half of 2024, an 83% jump from SAR 4.7 million a year earlier.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 71.53 90.03 25.9 %
Gross Income 31.03 39.69 27.9 %
Operating Income 4.59 9.60 109.4 %
Net Income 4.67 8.54 82.8 %
Average Shares 22.00 22.00 -
EPS (Riyals) 0.21 0.39 82.8 %

This was due a rise in revenues compared with a year earlier on higher sales volume and relative rise in the selling price of the final product.

 

However, the company posted higher cost of sales and an increase in general and administrative expenses compared with a year before.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 71.53 90.03 25.9 %
Gross Income 31.03 39.69 27.9 %
Operating Income 4.59 9.60 109.4 %
Net Income 4.67 8.54 82.8 %
Average Shares 22.00 22.00 -
EPS (Riyals) 0.21 0.39 82.8 %

Shareholders’ equity, no minority interest, increased to SAR 284.1 million as of June 30, 2024, from SAR 271.1 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

65.15

6.45

0.32

H2 2021

66.44

4.81

0.24

H1 2022

70.90

6.52

0.33

H2 2022

71.48

9.31

0.47

H1 2023

71.53

4.67

0.21

H2 2023

78.45

5.08

0.23

H1 2024

90.03

8.54

0.39

 

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 65.15 - 29.90 - 8.33 -
H2 2021 66.45 - 28.82 - 1.46 -
H1 2022 70.90 8.8 % 31.13 4.1 % 6.69 (19.7 %)
H2 2022 71.48 7.6 % 32.01 11.1 % 9.01 519.1 %
H1 2023 71.53 0.9 % 31.03 (0.3 %) 4.59 (31.5 %)
H2 2023 78.44 9.7 % 35.68 11.5 % 1.74 (80.7 %)
H1 2024 90.03 25.9 % 39.69 27.9 % 9.60 109.4 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 6.45 - 0.32 - 6.45 0.32
H2 2021 4.82 - 0.24 3.65 1.17 0.06
H1 2022 6.52 1.1 % 0.33 1.50 5.02 0.25
H2 2022 9.31 93.3 % 0.47 - 9.31 0.47
H1 2023 4.67 (28.3 %) 0.21 - 4.67 0.21
H2 2023 5.09 (45.3 %) 0.23 3.72 1.37 0.06
H1 2024 8.54 82.8 % 0.39 - 8.54 0.39

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 44.62 % 16.96 % 5.79 %
H1 2022 43.65 % 16.69 % 4.50 %
H2 2022 44.35 % 20.35 % 10.06 %
H1 2023 44.08 % 19.66 % 9.78 %
H2 2023 44.48 % 14.64 % 4.03 %
H1 2024 44.74 % 15.75 % 5.88 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 20.00 - - 11.34
H2 2021 20.00 0.56 0.38 11.56
H1 2022 20.00 0.57 0.31 11.38
H2 2022 20.00 0.79 0.72 11.86
H1 2023 22.00 0.64 0.64 12.32
H2 2023 22.00 0.44 0.27 12.53
H1 2024 22.00 0.62 0.45 12.91

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H2 2022 - - -
H1 2023 20.70 20.70 1.07
H2 2023 31.55 50.97 1.12
H1 2024 19.62 26.99 0.94

Business Segments (Million)

Compared With The
Period limestone Sector Carbonate Sector Brick Sector Elimination - lime
Q2 2021 49.52 10.17 5.46 -
Q4 2021 50.06 11.26 5.13 -
Q2 2022 53.37 10.59 6.95 -
Q4 2022 53.59 11.72 6.17 -
Q2 2023 55.61 8.74 7.18 -
Q4 2023 54.92 16.30 7.21 -
Q2 2024 71.76 10.78 7.61 (0.12)


Financial Ratios
Current
Market Cap (M Riyal) 272.80
Enterprise Value (EV) (M) 233.15
Shares Outstanding ((M)) 22.00
Book Value (BV) ( Riyal) 12.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 45.14
Price/book 0.99
more

Share Price

Saudi Lime Industries Co.
12.40
0.10 0.81 %

Saudi Lime Industries Co. (LIME INDUSTRIES)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.