Almuneef H1 2024 net profit down 3% to SAR 10.3M

Almuneef H1 2024 net profit down 3% to SAR 10.3M

08/08/2024 Argaam Exclusive

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Almuneef Co. for Trade, Industry, Agriculture and Contracting reported a net profit of SAR 10.3 million in H1 2024, a decline of 3% from SAR 10.5 million in the year-earlier period.

 



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 124.34 113.41 (8.8 %)
Gross Income 14.18 13.04 (8.1 %)
Operating Income 10.87 10.95 0.7 %
Net Income 10.54 10.26 (2.7 %)
Average Shares 3.80 3.80 -
EPS (Riyals) 2.77 2.70 (2.7 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 124.34 113.41 (8.8 %)
Gross Income 14.18 13.04 (8.1 %)
Operating Income 10.87 10.95 0.7 %
Net Income 10.54 10.26 (2.7 %)
Average Shares 3.80 3.80 -
EPS (Riyals) 2.77 2.70 (2.7 %)

This was driven by lower sales value and decreased prices of the company's main products.

 

Total shareholders’ equity, no minority interest, reached SAR 97.08 million by June 30, 2024, compared to SAR 86.98 million in the corresponding period of the year before.
 

Financials History

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR/Share)

H1 2022

149.03

11.77

3.10

H2 2022

169.4

8.86

2.33

H1 2023

124.34

10.54

2.77

H2 2023

121.96

7.04

1.85

H1 2024

113.41

10.26

2.70

 

 

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 76.70 - 22.04 - 8.62 -
H2 2021 111.06 - 5.17 - 11.65 -
H1 2022 149.03 94.3 % 17.43 (20.9 %) 12.06 39.8 %
H2 2022 169.41 52.5 % 15.20 194.2 % 10.46 (10.2 %)
H1 2023 124.34 (16.6 %) 14.18 (18.6 %) 10.87 (9.8 %)
H2 2023 121.96 (28.0 %) 13.75 (9.5 %) 9.00 (14.0 %)
H1 2024 113.41 (8.8 %) 13.04 (8.1 %) 10.95 0.7 %


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 8.54 - 10.81 - 8.54 10.81
H2 2021 11.44 - 3.01 - 11.44 3.01
H1 2022 11.77 37.9 % 3.10 - 11.77 3.10
H2 2022 8.85 (22.6 %) 2.33 - 8.85 2.33
H1 2023 10.54 (10.5 %) 2.77 - 10.54 2.77
H2 2023 7.04 (20.5 %) 1.85 - 7.04 1.85
H1 2024 10.26 (2.7 %) 2.70 - 10.26 2.70

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 14.49 % 14.54 % 10.64 %
H1 2022 8.69 % 11.85 % 8.92 %
H2 2022 10.25 % 9.36 % 6.48 %
H1 2023 10.00 % 9.69 % 6.60 %
H2 2023 11.34 % 10.90 % 7.14 %
H1 2024 11.38 % 11.47 % 7.35 %


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 0.79 - - 18.53
H2 2021 3.80 5.26 5.26 14.66
H1 2022 3.80 6.11 6.11 17.76
H2 2022 3.80 5.43 5.43 20.12
H1 2023 3.80 5.10 5.10 22.89
H2 2023 3.80 4.63 4.63 24.85
H1 2024 3.80 4.55 4.55 25.55

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 13.66 13.66 3.04
H2 2023 11.09 11.09 2.06
H1 2024 11.47 11.47 2.04

Business Segments (Million)

Compared With The
Period Agriculture sector Transportation sector Stations sector
Q2 2021 64.72 7.23 4.76
Q4 2021 100.48 7.88 2.69
Q2 2022 140.51 8.52 -
Q4 2022 160.64 8.77 -
Q2 2023 117.37 6.96 -
Q4 2023 114.21 7.74 -
Q2 2024 107.68 - -


Financial Ratios
Current
Market Cap (M Riyal) 216.22
Enterprise Value (EV) (M) 186.17
Shares Outstanding ((M)) 3.80
Book Value (BV) ( Riyal) 24.85
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 12.30
Price/book 2.29
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Share Price

Almuneef Company for Trade, Industry, Agriculture and Contracting
56.90
2.90 5.37 %

Almuneef Company for Trade, Industry, Agriculture and Contracting (ALMUNEEF)

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