Natural Gas Distribution posts 24% drop in H1 2022 net profit to SAR 930,000

Natural Gas Distribution posts 24% drop in H1 2022 net profit to SAR 930,000

15/09/2022 Argaam Exclusive

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Natural Gas Distribution Co. (NGDC) posted a drop of 24% in H1 2022 net profit after Zakat and tax to SAR 930,000, compared to SAR 1.229 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 44.93 43.25 (3.8 %)
Gross Income 4.32 3.39 (21.5 %)
Operating Income 1.33 0.97 (26.8 %)
Net Income 1.23 0.93 (24.3 %)
Average Shares 5.00 5.00 -
EPS (Riyals) 0.25 0.19 (24.3 %)

The profit drop was attributed to lower revenue, after Saudi Aramco suspended gas supply last May. The company also cited higher operational consumption as a result of the addition of new fixed assets.



Shareholders equity, no minority interest, came in at SAR 54.617 million as of June 30, 2022, down from SAR 54.714 million a year earlier.

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Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 21.58 - 2.30 - 1.24 - 0.25
Q4 2019 23.11 - 2.43 - 1.16 - 0.23
Q1 2020 - - - - - - -
Q2 2020 21.28 - 2.28 - 1.17 - 0.23
Q3 2020 21.48 (0.5 %) 2.23 (3.0 %) 1.09 (12.6 %) 0.22
Q4 2020 23.29 0.8 % 2.51 3.5 % 0.85 (26.8 %) 0.17
Q1 2021 - - - - - - -
Q2 2021 21.67 1.8 % 1.95 (14.3 %) 0.10 (91.7 %) 0.02
Q3 2021 - - - - - - -
Q4 2021 - - - - - - -
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 10.65 % - 5.76 %
Q4 2019 10.57 % 7.87 % 5.38 %
Q1 2020 - - -
Q2 2020 10.61 % 10.52 % 5.42 %
Q3 2020 10.56 % 10.59 % 5.33 %
Q4 2020 10.60 % 11.57 % 4.79 %
Q1 2021 - - -
Q2 2021 10.23 % - 3.66 %
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 5.00 0.25 0.25 -
Q4 2019 5.00 0.48 0.48 11.34
Q1 2020 - - - -
Q2 2020 5.00 0.72 0.72 -
Q3 2020 5.00 0.93 0.93 10.98
Q4 2020 5.00 0.85 0.85 11.26
Q1 2021 - - - -
Q2 2021 5.00 0.64 0.64 10.94
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 - - - -
Q2 2022 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -


Financial Ratios
Current
Market Cap (M Riyal) 230.75
Enterprise Value (EV) (M) 224.77
Shares Outstanding ((M)) 5.00
Book Value (BV) ( Riyal) 11.62
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 3.97
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Share Price

Natural Gas Distribution Co.
46.15
(0.45) (0.97 %)

Natural Gas Distribution Co. (NGDC)

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