Shmoh Almadi H1 2024 net profit down 44% to SAR 5.2M

Shmoh Almadi H1 2024 net profit down 44% to SAR 5.2M

05/12/2024 Argaam Exclusive

View other reports

Shmoh Almadi Co., which is in the process of listing its shares on the Nomu-Parallel Market, posted a net profit of SAR 5.2 million for H1 2024, a decline of 44% from SAR 9.2 million.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 71.91 64.94 (9.7 %)
Gross Income 26.82 24.92 (7.1 %)
Operating Income 10.13 5.90 (41.8 %)
Net Income 9.21 5.17 (43.8 %)
Average Shares 8.00 8.00 -
EPS (Riyals) 1.15 0.65 (43.8 %)

The profit decline was attributed to a decrease in revenues to SAR 64.9 million in H1 2024, compared to SAR 71.9 million a year earlier. In addition, the operating profit margin fell to 9% from 14% in H1 2023, due to an increase in operating expenses amid rise in administrative and marketing costs.

 

Earnings before interest, taxes, depreciation and amortization (EBITDA) fell to SAR 9.7 million in H1 2024, from SAR 13.5 million in the same period last year. However, this was partially offset by a higher profit margin, which rose to 38% from 37% a year earlier, and lower Zakat expenses.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 71.91 64.94 (9.7 %)
Gross Income 26.82 24.92 (7.1 %)
Operating Income 10.13 5.90 (41.8 %)
Net Income 9.21 5.17 (43.8 %)
Average Shares 8.00 8.00 -
EPS (Riyals) 1.15 0.65 (43.8 %)

Shareholders' equity, no minority rights, fell to SAR 44.69 million by the end of H1 2024, compared to SAR 54.49 million a year earlier.



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 71.91 - 26.82 - 10.13 -
H2 2023 71.07 - 26.28 - 7.90 -
H1 2024 64.94 (9.7 %) 24.92 (7.1 %) 5.90 (41.8 %)


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 9.21 - 1.15 - 9.21 1.15
H2 2023 6.76 - 0.84 - 6.76 0.84
H1 2024 5.17 (43.8 %) 0.65 - 5.17 0.65

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 37.13 % 17.39 % 11.17 %
H1 2024 37.65 % 15.44 % 8.77 %


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 8.00 - - 6.81
H2 2023 8.00 2.00 2.00 6.44
H1 2024 8.00 1.49 1.49 5.59

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 Production, Marketing and Sale of food industry products Production, Marketing and Sale of frozen food products Production, Marketing and Sale of snacks sector products


Share Price

Shmoh Almadi Co.
21.20
(0.80) (3.64 %)

Shmoh Almadi Co. (SMC)

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.