iOud profit rises 31% to SAR 4.9M in 2023
31/03/2024
Argaam Exclusive
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Intelligent Oud Co. (iOud) reported an increase of 31% in its 2023 net profit to SAR 4.9 million, from SAR 3.7 million in the prior-year period.
Financials (M)
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 23.09 | 25.20 | 9.1 % |
| Gross Income | 14.45 | 17.87 | 23.7 % |
| Operating Income | 5.05 | 7.74 | 53.2 % |
| Net Income | 3.72 | 5.28 | 41.7 % |
| Average Shares | 1.56 | 1.95 | 25.0 % |
| EPS (Riyals) | 2.39 | 2.71 | 13.4 % |
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2022 | H2 2023 | Change |
|---|---|---|---|
| Revenues | 15.96 | 17.31 | 8.4 % |
| Gross Income | 9.55 | 11.78 | 23.3 % |
| Operating Income | 4.17 | 6.03 | 44.7 % |
| Net Income | 3.41 | 4.56 | 33.7 % |
| Average Shares | 1.56 | 1.95 | 25.0 % |
| EPS (Riyals) | 2.18 | 2.34 | 6.9 % |
The profit growth was spurred by better sales from the introduction of new offerings, higher selling rates, and the acquisition of new customers.
The company also reported lower raw material costs.
Shareholders’ equity, no minority interest, stood at SAR 40.56 million as of Dec. 31, 2023, up from SAR 22.01million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2023 | 7.89 | 10.7 % | 6.09 | 24.3 % | 1.71 | 93.4 % |
| H2 2023 | 17.31 | 8.4 % | 11.78 | 23.3 % | 6.03 | 44.7 % |
| 2023 | 25.20 | 9.1 % | 17.87 | 23.7 % | 7.74 | 53.2 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2023 | 0.72 | 128.6 % | 0.46 | - | 0.72 | 0.46 |
| H2 2023 | 4.56 | 33.7 % | 2.34 | - | 4.56 | 2.34 |
| 2023 | 5.28 | 41.7 % | 2.71 | - | 5.28 | 2.71 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2023 | 65.57 % | 32.31 % | 17.31 % |
| H2 2023 | 70.92 % | 39.72 % | 20.94 % |
| 2023 | 70.92 % | 39.72 % | 20.94 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2023 | 1.56 | 2.65 | 2.65 | 14.58 |
| H2 2023 | 1.95 | 2.71 | 2.71 | 21.08 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2023 | - | - | - |
| H2 2023 | 17.08 | 17.08 | 2.19 |
Business Segments (Million)
2022
| Period | Manufacturing of oud and incense | Air fresheners and deodorizers | Sterilizer and cosmetics | Thannah food products |
|---|
| Current | |
| Market Cap (M Riyal) | 105.30 |
| Enterprise Value (EV) (M) | 113.67 |
| Shares Outstanding ((M)) | 1.95 |
| Book Value (BV) ( Riyal) | 21.08 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 19.96 |
| Price/book | 2.56 |
Share Price
Intelligent Oud Company for Trading (IOUD)
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