Al Arabia Q1 profit surges to SAR 64.9 mln

Al Arabia Q1 profit surges to SAR 64.9 mln

18/05/2022 Argaam Exclusive

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Arabian Contracting Services Co. posted a net profit after Zakat and tax of SAR 64.9 million for the first quarter of 2022, more than double from SAR 29.6 million a year earlier, according to a bourse filing. 



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 148.58 287.40 93.4 %
Gross Income 50.12 129.11 157.6 %
Operating Income 36.65 106.01 189.2 %
Net Income 29.63 64.89 119.0 %
Average Shares 50.00 50.00 -
EPS (Riyals) 0.59 1.30 119.0 %

The profit increase year-on-year was driven by the continuous digital transformation, which increased the advertising spaces. 

 

The company also cited a 93% increase YoY in Q1 2022 revenues and higher net operating profit.  

 

When compared to the previous quarter, net profit fell 8% from SAR 70.59 million, due to the partial increase in billboard rental costs and financing expenses.  

 

Shareholders’ equity, after minority interest, increased by 43% to SAR 796.168 million, from SAR 556.42 million in the same quarter a year earlier.  

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 181.46 - 87.17 - 76.12 -
Q2 2020 32.93 - (70.04) - (77.89) -
Q3 2020 107.37 - 12.32 - 1.17 -
Q4 2020 175.83 - 69.60 - 52.03 -
Q1 2021 148.58 (18.1 %) 50.12 (42.5 %) 36.65 (51.9 %)
Q2 2021 157.53 378.4 % 86.08 222.9 % 65.95 184.7 %
Q3 2021 188.39 75.5 % 86.76 604.5 % 68.84 5783.6 %
Q4 2021 226.13 28.6 % 107.32 54.2 % 89.90 72.8 %
Q1 2022 287.40 93.4 % 129.11 157.6 % 106.01 189.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO 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 - - - - - -
Q4 2019 - - - - - -
Q1 2020 68.56 - 1.37 - 68.56 1.37
Q2 2020 (83.91) - (1.68) - (83.91) (1.68)
Q3 2020 (6.08) - (0.12) - (6.08) (0.12)
Q4 2020 46.63 - 0.93 - 46.63 0.93
Q1 2021 29.63 (56.8 %) 0.59 - 29.63 0.59
Q2 2021 48.94 158.3 % 0.98 - 48.94 0.98
Q3 2021 57.09 1039.4 % 1.14 - 57.09 1.14
Q4 2021 70.60 51.4 % 1.41 - 70.60 1.41
Q1 2022 64.89 119.0 % 1.30 (24.36) 89.25 1.78

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 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 19.91 % - 5.06 %
Q1 2021 13.34 % 22.04 % (2.96 %)
Q2 2021 37.01 % 52.64 % 20.21 %
Q3 2021 43.64 % 69.92 % 27.19 %
Q4 2021 45.83 % 80.01 % 28.62 %
Q1 2022 47.62 % 79.04 % 30.93 %


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 - - - -
Q4 2019 - - - -
Q1 2020 50.00 - - 11.38
Q2 2020 50.00 - - 9.70
Q3 2020 50.00 - - 9.58
Q4 2020 50.00 0.50 0.50 10.53
Q1 2021 50.00 (0.27) (0.27) 11.12
Q2 2021 50.00 2.38 2.38 12.10
Q3 2021 50.00 3.65 3.65 13.24
Q4 2021 50.00 4.12 4.12 14.63
Q1 2022 50.00 4.83 5.32 15.92

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 24.53 24.53 6.92
Q1 2022 22.57 20.50 6.85

Business Segments (Million)

Compared With The
Period Advertisement Sector Printing Reconciliation & elimination
Q1 2021 145.90 2.68 -
Q2 2021 154.48 3.05 -
Q3 2021 185.82 11.50 (8.93)
Q4 2021 220.75 7.99 (2.61)
Q1 2022 283.51 6.82 (2.92)


Financial Ratios
Current
Market Cap (M Riyal) 7,620.00
Enterprise Value (EV) (M) 8,919.29
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) 5.44
Book Value (BV) ( Riyal) 25.89
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.03
P/E (TTM) 28.03
Price/book 5.89
Return on Average Assets (%) (TTM) 7.2
Return on Average Equity (%) (TTM) 23.4
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Share Price

Arabian Contracting Services Co.
152.40
(0.60) (0.39 %)

Arabian Contracting Services Co. (ALARABIA)

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