Natural Gas Distribution posts 92% leap in H1 2023 profit to SAR 1.8 mln

Natural Gas Distribution posts 92% leap in H1 2023 profit to SAR 1.8 mln

04/09/2023 Argaam Exclusive

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Natural Gas Distribution Co. (NGDC) posted a leap of 92% in H1 2023 net profit to SAR 1.8 million, compared to SAR 930,000 in the year-earlier period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 43.25 47.68 10.2 %
Gross Income 3.39 4.50 32.8 %
Operating Income 0.97 1.48 52.6 %
Net Income 0.93 1.78 91.5 %
Average Shares 5.00 5.00 -
EPS (Riyals) 0.19 0.36 91.5 %

The profit growth was due to higher revenues on an increase in natural gas consumption by the company’s customers, as well as lower operational consumption on the completion of depreciation of some gas network assets and the first natural gas network by the end of 2022.

 

Shareholders equity, no minority interest, came in at SAR 56.26 million as of June 30, 2023, up from SAR 54.61 million a year earlier.



Historical Data 

Period  

Revenue 

(SAR mln)  

Net Profit 

(SAR mln)   

EPS 

(SAR)  

H1 2020 

44.49

2.49

0.50

H2 2020 

44.76

1.93

0.38

H1 2021  

44.93

1.23

0.25

H2 2021  

44.66

1.25

0.25

H1 2022  

43.25

0.93

0.19

H2 2022  

47.76

2.36

0.47

H1 2023  

46.68

1.78

0.36

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 - - - - - - -
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 - - - - - - -
Q2 2023 - - - - - - -

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 - - - -
Q2 2023 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -


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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