Clean Life H1 2023 net profit up 30% to SAR 5.3 mln

Clean Life H1 2023 net profit up 30% to SAR 5.3 mln

24/10/2023 Argaam Exclusive

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Clean Life Co. reported a net profit of SAR 5.3 million in the first six months of 2023, a 30% increase from SAR 4.1 million a year earlier, as revenues rose 52.96% year-on-year.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 15.25 23.32 53.0 %
Gross Income 11.56 16.80 45.4 %
Operating Income 4.35 5.35 22.9 %
Net Income 4.08 5.33 30.5 %
Average Shares 1.50 1.50 -
EPS (Riyals) 2.72 3.55 30.5 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 15.25 23.32 53.0 %
Gross Income 11.56 16.80 45.4 %
Operating Income 4.35 5.35 22.9 %
Net Income 4.08 5.33 30.5 %
Average Shares 1.50 1.50 -
EPS (Riyals) 2.72 3.55 30.5 %

Total shareholders’ equity, no minority interest, stood at SAR 16.85 million by the end of H1 2023, compared to SAR 19.02 million in the year-earlier period.

Quarterly Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

15.25

4.08

8.16

H2 2022

17.96

4.26

2.84

H1 2023

23.32

5.33

3.55

 

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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 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 15.25 - 11.56 - 4.35 -
H2 2022 17.96 - 12.53 - 3.99 -
H1 2023 23.32 53.0 % 16.80 45.4 % 5.35 22.9 %


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 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 4.08 - 2.72 - 4.08 2.72
H2 2022 4.19 - 2.79 - 4.19 2.79
H1 2023 5.33 30.5 % 3.55 - 5.33 3.55

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 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 72.54 % 30.55 % 24.91 %
H1 2023 71.06 % 29.25 % 23.05 %


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 - - - -
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 1.50 - - 9.83
H2 2022 1.50 5.51 5.51 12.56
H1 2023 1.50 6.34 6.34 11.11

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 - - -
H2 2022 - - -
H1 2023 - - -

Business Segments (Million)

Compared With The
Period Move-in cleaning Furniture and upholstery cleaning


Financial Ratios
Current
Market Cap (M Riyal) 163.50
Enterprise Value (EV) (M) 154.56
Shares Outstanding ((M)) 1.50
Book Value (BV) ( Riyal) 13.70
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 17.76
Price/book 7.95
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Share Price

Clean Life Co.
109.00
0.00 0.00 %

Clean Life Co. (CLEAN LIFE)

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