iOud H1 2024 profit dips to SAR 528,000

iOud H1 2024 profit dips to SAR 528,000

01/09/2024 Argaam Exclusive

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Intelligent Oud Company for Trading’s (iOud) net profit fell to SAR 528,000 by the end of H1 2024, compared to SAR 721,000 in in the year before.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 7.89 10.35 31.1 %
Gross Income 6.09 7.00 15.0 %
Operating Income 1.71 2.26 32.4 %
Net Income 0.72 0.53 (26.7 %)
Average Shares 1.56 1.95 25.0 %
EPS (Riyals) 0.46 0.27 (41.4 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 7.89 10.35 31.1 %
Gross Income 6.09 7.00 15.0 %
Operating Income 1.71 2.26 32.4 %
Net Income 0.72 0.53 (26.7 %)
Average Shares 1.56 1.95 25.0 %
EPS (Riyals) 0.46 0.27 (41.4 %)

The 26.7% year-on-year (YoY) profit drop was attributed to a higher Zakat provision due to the issuance premium in H1 2025. 

 

This was despite a 31.1% YoY increase in revenue from new products and the enhancement of existing ones. 

 

Shareholders’ equity, no minority interest, grew to SAR 41.60 million by the end of June 30, 2034, versus SAR 22.73 million in the prior-year period. 

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

7.13

0.32

0.20

H2 2022

15.96

3.40

2.18

H1 2023

7.89

0.72

0.46

H2 2023

17.31

4.56

2.34

H1 2024

10.34

0.52

0.27

 

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 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 %
H2 2023 17.31 8.4 % 11.78 23.3 % 6.03 44.7 %
H1 2024 10.35 31.1 % 7.00 15.0 % 2.26 32.4 %


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 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
H2 2023 4.56 33.7 % 2.34 - 4.56 2.34
H1 2024 0.53 (26.7 %) 0.27 - 0.53 0.27

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 62.59 % 27.86 % 16.12 %
H1 2023 65.57 % 32.31 % 17.31 %
H2 2023 70.92 % 39.72 % 20.94 %
H1 2024 67.92 % 38.33 % 18.38 %


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 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
H2 2023 1.95 2.71 2.71 21.08
H1 2024 1.95 2.61 2.61 21.34

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 17.08 17.08 2.19
H1 2024 16.58 16.58 2.03

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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