Lana’s H1 2024 net profit grows 5% to SAR 3.2M

Lana’s H1 2024 net profit grows 5% to SAR 3.2M

28/08/2024 Argaam Exclusive

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Lana Medical Co. reported a net profit rise of 5% to SAR 3.2 million for the first half of 2024, from SAR 3.1 million a year earlier.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 21.67 33.66 55.3 %
Gross Income 8.09 11.47 41.8 %
Operating Income 3.84 4.20 9.4 %
Net Income 3.06 3.22 5.3 %
Average Shares 3.00 3.60 20.0 %
EPS (Riyals) 1.02 0.89 (12.3 %)

The rise in the six-month net profit was driven by a 55.31% leap year-on-year (YoY) in revenue, as the company boosted its market share. Revenue was propelled by government projects.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 21.67 33.66 55.3 %
Gross Income 8.09 11.47 41.8 %
Operating Income 3.84 4.20 9.4 %
Net Income 3.06 3.22 5.3 %
Average Shares 3.00 3.60 20.0 %
EPS (Riyals) 1.02 0.89 (12.3 %)

Total shareholders’ equity, no minority interest, rose to SAR 71.27 million as of June 30, 2024, compared to SAR 50.48 million a year earlier. 

 

Historical Data

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR)

2023

H1

21.67

3.06

1.02

H2

26.96

(0.05)

(0.01)

2024

H1

33.66

3.22

0.89
 

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 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 21.67 - 8.09 - 3.84 -
H2 2023 26.96 - 12.06 - 0.73 -
H1 2024 33.66 55.3 % 11.47 41.8 % 4.20 9.4 %


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 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 3.06 - 1.02 - 3.06 1.02
H2 2023 (0.05) - (0.01) - (0.05) (0.01)
H1 2024 3.22 5.3 % 0.89 - 3.22 0.89

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 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 41.42 % 13.18 % 6.19 %
H1 2024 38.80 % 12.21 % 5.23 %


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 - - - -
H2 2021 - - - -
H1 2022 - - - -
H2 2022 - - - -
H1 2023 3.00 - - 16.83
H2 2023 3.60 0.84 0.84 18.90
H1 2024 3.60 0.88 0.88 19.80

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 - - -
H2 2023 38.28 38.28 1.69
H1 2024 35.93 35.93 1.60

Business Segments (Million)

Compared With The
Period Medical waste treatment Medical supplies Medical devices Contracting Rent
Q2 2023 10.89 5.50 5.28 - -
Q4 2023 9.62 6.55 7.08 3.71 -
Q2 2024 14.71 8.74 4.52 3.59 2.11


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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