WAJA profit leaps 39% to SAR 7.4M in H1 2024

WAJA profit leaps 39% to SAR 7.4M in H1 2024

28/08/2024 Argaam Exclusive

View other reports

WAJA Co.’s net profit leapt 39% to SAR 7.4 million in H1 2024, compared to SAR 5.4 million in the year-ago period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 41.01 97.29 137.3 %
Gross Income 9.54 14.16 48.4 %
Operating Income 6.49 9.33 43.9 %
Net Income 5.36 7.44 38.9 %
Average Shares 70.00 70.00 -
EPS (Halala) 7.65 10.63 38.9 %

Total revenues jumped by 37.25% (SAR 56.28 million) compared to a year before, due to an increase in the signed contracts and projects.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 41.01 97.29 137.3 %
Gross Income 9.54 14.16 48.4 %
Operating Income 6.49 9.33 43.9 %
Net Income 5.36 7.44 38.9 %
Average Shares 70.00 70.00 -
EPS (Halala) 7.65 10.63 38.9 %

Total shareholders’ equity, no minority interest, reached SAR 102.68 million by the end of the six-month period, from SAR 77.65 million a year earlier.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

36.49

11.80

16.85

H2 2021

42.54

5.56

7.95

H1 2022

43.97

8.30

11.85

H2 2022

55.21

9.96

14.24

H1 2023

41.01

5.36

7.65

H2 2023

93.64

17.5

25.01

H1 2024

97.29

7.44

10.63

 

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 36.49 - 15.12 - 12.00 -
H2 2021 42.55 - 8.04 - 4.89 -
H1 2022 43.97 20.5 % 11.84 (21.7 %) 9.11 (24.1 %)
H2 2022 55.21 29.8 % 14.18 76.4 % 11.15 128.1 %
H1 2023 41.01 (6.7 %) 9.54 (19.4 %) 6.49 (28.8 %)
H2 2023 93.64 69.6 % 24.89 75.5 % 20.34 82.3 %
H1 2024 97.29 137.3 % 14.16 48.4 % 9.33 43.9 %


Profit Performance (Million)

Period Net Income Change EPS(Halala) 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 11.80 - 16.85 - 11.80 0.17
H2 2021 5.57 - 7.95 1.65 3.92 0.06
H1 2022 8.30 (29.7 %) 11.85 - 8.30 0.12
H2 2022 9.97 79.1 % 14.24 - 9.97 0.14
H1 2023 5.36 (35.4 %) 7.65 - 5.36 0.08
H2 2023 17.51 75.7 % 25.01 - 17.51 0.25
H1 2024 7.44 38.9 % 10.63 - 7.44 0.11

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 29.30 % 23.27 % 19.88 %
H1 2022 22.98 % 17.75 % 14.11 %
H2 2022 26.24 % 21.47 % 18.41 %
H1 2023 24.66 % 19.42 % 15.92 %
H2 2023 25.57 % 20.73 % 16.98 %
H1 2024 20.45 % 16.12 % 13.07 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) 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 70.00 - - 0.67
H2 2021 70.00 24.80 22.45 0.75
H1 2022 70.00 19.80 17.44 0.90
H2 2022 70.00 26.09 26.09 1.03
H1 2023 70.00 21.89 21.89 1.11
H2 2023 70.00 32.66 32.66 1.36
H1 2024 70.00 35.64 35.64 1.47

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 31.16 31.16 6.15
H2 2023 18.40 18.40 4.42
H1 2024 18.38 18.38 4.46

Business Segments (Million)

Compared With The
Period Contracting business sector Operation and maintenance sector
Q2 2022 38.65 5.32
Q4 2022 51.58 3.64
Q2 2023 36.14 4.86
Q4 2023 92.97 0.67
Q2 2024 96.29 1.00


Financial Ratios
Current
Market Cap (M Riyal) 546.00
Enterprise Value (EV) (M) 554.79
Shares Outstanding ((M)) 70.00
Book Value (BV) ( Riyal) 1.36
Par Value ( Halala) 50.00
Adjusted P/E (Last12) 23.88
Price/book 5.73
more

Share Price

Waja Co.
7.80
(0.07) (0.89 %)

Waja Co. (WAJA)

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.