Lana Medical 2022 profit down 17% to SAR 5.5 mln

Lana Medical 2022 profit down 17% to SAR 5.5 mln

03/10/2023 Argaam Exclusive

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Lana Medical Co., which is set to be listed on Nomu-Parallel Market, posted a net profit of SAR 5.5 million for 2022, a decline of 17% compared to SAR 6.6 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 31.97 40.80 27.6 %
Gross Income 16.87 18.87 11.9 %
Operating Income 7.32 6.56 (10.3 %)
Net Income 6.59 5.49 (16.7 %)
Average Shares 3.00 3.00 -
EPS (Riyals) 2.20 1.83 (16.7 %)


The profit decline was attributed to a fall in operating profit margin from 23% to 16% on higher administrative and marketing expenses. This was in addition to lower other income and higher financing charges.

 

However, revenues increased by 28% to SAR 40.8 million in 2022, compared to SAR 32 million in 2021. Zakat expenses also declined year-on-year (YoY).

 

Shareholders' equity, no minority interest, totaled SAR 48.42 million by the end of 2022, compared to SAR 41.57 million a year before.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
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 - - - - - -
2022 40.80 27.6 % 18.87 11.9 % 6.56 (10.3 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
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 - - - - - -
2022 5.49 (16.7 %) 1.83 - 5.49 1.83

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
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 - - -
2022 46.25 % 19.83 % 13.46 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
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 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
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 - - -

Business Segments (Million)

Compared With The
Period Medical waste treatment Medical supplies Medical devices


Financial Ratios
Current
Market Cap (M Riyal) 132.12
Enterprise Value (EV) (M) 118.88
Shares Outstanding ((M)) 3.60
Book Value (BV) ( Riyal) 18.90
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 43.90
Price/book 1.94
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Share Price

Lana Medical Co.
36.70
1.20 3.38 %

Lana Medical Co. (LANA)

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