Alshehili profit rises 47% to SAR 5.8M in H1 2024

Alshehili profit rises 47% to SAR 5.8M in H1 2024

10/12/2024 Argaam Exclusive

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Alshehili Co. for Metal Industries, which is in the process of listing on Nomu-Parallel Market, posted SAR 5.8 million net profit for H1 2024, a rise of 47% year-on-year from SAR 3.9 million, according to a statement to Tadawul.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 24.59 32.83 33.5 %
Gross Income 8.60 12.30 43.0 %
Operating Income 4.22 6.57 55.6 %
Net Income 3.94 5.78 46.6 %
Average Shares 2.00 2.00 -
EPS (Riyals) 1.97 2.89 46.6 %

The profit rise was driven by an increase in H1 revenues to SAR 32.8 million, from SAR 24.6 million in the same period a year earlier, as well as a rise in gross profit margin and EBITDA.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 24.59 32.83 33.5 %
Gross Income 8.60 12.30 43.0 %
Operating Income 4.22 6.57 55.6 %
Net Income 3.94 5.78 46.6 %
Average Shares 2.00 2.00 -
EPS (Riyals) 1.97 2.89 46.6 %

Shareholders’ equity (no minority interest) amounted to SAR 31.2 million, compared to SAR 23.3 million in the year-ago period.

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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 24.59 - 8.60 - 4.22 -
H2 2023 35.98 - 12.48 - 7.27 -
H1 2024 32.83 33.5 % 12.30 43.0 % 6.57 55.6 %


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 3.94 - 1.97 - 3.94 1.97
H2 2023 6.61 - 3.30 - 6.61 3.30
H1 2024 5.78 46.6 % 2.89 - 5.78 2.89

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 34.81 % 23.46 % 17.42 %
H1 2024 35.74 % 23.87 % 17.49 %


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 2.00 - - 11.66
H2 2023 2.00 5.27 5.27 14.93
H1 2024 2.00 8.17 8.17 15.61

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 Large Refrigerated box Small Refrigerated box Customized product Curtain side trailers Posters maintenance Small dry Cargo Box Large dry Cargo Box Scrap
Q2 2024 11.32 10.43 1.64 2.84 2.19 1.69 1.93 0.60 0.18


Share Price

Alshehili Company for Metal Industries
78.10
(7.40) (8.66 %)

Alshehili Company for Metal Industries (ALSHEHILI METAL)

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