Al Ashghal Al Moysra’s H1 2024 net profit jumps 60% to SAR 7.4M

Al Ashghal Al Moysra’s H1 2024 net profit jumps 60% to SAR 7.4M

28/08/2024 Argaam Exclusive

View other reports

Al Ashghal Al Moysra Co. reported a net profit of SAR 7.4 million in H1 2024, up 60% from SAR 4.6 million a year earlier.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 23.46 32.03 36.6 %
Gross Income 7.55 10.51 39.2 %
Operating Income 4.13 7.44 79.9 %
Net Income 4.59 7.36 60.3 %
Average Shares 2.40 2.40 -
EPS (Riyals) 1.91 3.07 60.3 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 23.46 32.03 36.6 %
Gross Income 7.55 10.51 39.2 %
Operating Income 4.13 7.44 79.9 %
Net Income 4.59 7.36 60.3 %
Average Shares 2.40 2.40 -
EPS (Riyals) 1.91 3.07 60.3 %

This was spurred by a 36.55% jump year-on-year in revenue on a diversified client base, a 0.7% drop in direct costs and a decline of 4.9% in general and administrative expenses (G&As).

 

Shareholders’ equity, no minority interest, reached SAR 47.25 million by June 30, 2024, compared to SAR 12.35 million a year earlier.

 

Interim Financials

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/Share)

H1 2023

23.45

4.59

1.91

H2 2023

30.49

6.06

1.64

H1 2024

32.03

7.36

3.07

 

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 23.46 - 7.55 - 4.13 -
H2 2023 30.49 - 10.08 - 6.16 -
H1 2024 32.03 36.6 % 10.51 39.2 % 7.44 79.9 %


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 4.59 - 1.91 - 4.59 1.91
H2 2023 6.06 - 2.52 - 6.06 2.52
H1 2024 7.36 60.3 % 3.07 - 7.36 3.07

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 32.69 % 20.35 % 19.74 %
H1 2024 32.94 % 22.89 % 21.46 %


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 2.40 - - 5.15
H2 2023 2.40 4.44 4.44 16.63
H1 2024 2.40 5.59 5.59 19.69

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 - - -
H1 2024 - - -

Business Segments (Million)

Compared With The
Period Maintenance and Operations Construction Transportation
Q4 2022 9.04 0.73 1.83
Q2 2023 18.97 2.45 2.04
Q4 2023 16.85 9.53 4.11
Q2 2024 19.65 9.88 2.50


Financial Ratios
Current
Market Cap (M Riyal) 143.76
Enterprise Value (EV) (M) 130.63
Shares Outstanding ((M)) 2.40
Book Value (BV) ( Riyal) 16.63
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 13.50
Price/book 3.60
more

Share Price

Al Ashghal Al Moysra Co.
59.90
1.90 3.28 %

Al Ashghal Al Moysra Co. (ALASHGHAL ALMOYSRA)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.