iOud profit rises to SAR 721,000 in H1 2023

iOud profit rises to SAR 721,000 in H1 2023

09/10/2023 Argaam Exclusive

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Intelligent Oud Co. (iOud) reported an increase in net profit to SAR 721,000 in the first half of 2023, from SAR 315,000 in the prior-year period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 7.13 7.89 10.7 %
Gross Income 4.90 6.09 24.3 %
Operating Income 0.88 1.71 93.4 %
Net Income 0.32 0.72 128.6 %
Average Shares 1.56 1.56 -
EPS (Riyals) 0.20 0.46 128.6 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 7.13 7.89 10.7 %
Gross Income 4.90 6.09 24.3 %
Operating Income 0.88 1.71 93.4 %
Net Income 0.32 0.72 128.6 %
Average Shares 1.56 1.56 -
EPS (Riyals) 0.20 0.46 128.6 %

The higher profit was driven by better sales and a decline in costs.

 

Shareholders’ equity, no minority interest, stood at SAR 22.73 million as of June 30, 2023, up from SAR 22.01 million a year earlier.



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 7.13 - 4.90 - 0.88 -
H2 2022 15.96 - 9.55 - 4.17 -
H1 2023 7.89 10.7 % 6.09 24.3 % 1.71 93.4 %


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 0.32 - 0.20 - 0.32 0.20
H2 2022 3.41 - 2.18 - 3.41 2.18
H1 2023 0.72 128.6 % 0.46 - 0.72 0.46

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 62.59 % 27.86 % 16.12 %
H1 2023 65.57 % 32.31 % 17.31 %


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 1.56 - - 11.55
H1 2022 1.56 - - 11.75
H2 2022 1.56 2.39 2.39 14.11
H1 2023 1.56 2.65 2.65 14.58

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 Manufacturing of oud and incense Air fresheners and deodorizers Sterilizer and cosmetics Thannah food products


Financial Ratios
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
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Share Price

Intelligent Oud Company for Trading
54.00
5.75 11.92 %

Intelligent Oud Company for Trading (IOUD)

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