Al-Omran turns to SAR 4.2 mln loss in H1 2023; Q2 at SAR 3.6 mln

13/08/2023 Argaam Exclusive

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Al-Omran Industrial Trading Co. reported a net loss of SAR 4.2 million in H1 2023, compared to SAR 5.9 million in earnings in the prior-year period.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	75.94	70.39	(7.3 %)
Gross Income	18.65	9.74	(47.8 %)
Operating Income	8.54	(1.33)	(115.6 %)
Net Income	5.88	(4.24)	(172.1 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.58	(0.42)	(172.1 %)

This was due to a 7% year-on-year (YoY) decrease in sales and an 11% increase in the ratio of cost of sales to sales. General and administrative expenses also jumped YoY by 28%.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	34.46	28.96	(16.0 %)
Gross Income	10.24	3.52	(65.6 %)
Operating Income	5.06	(2.08)	(141.0 %)
Net Income	3.62	(3.61)	(199.8 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.35	(0.35)	(199.8 %)

Item	Q1 2023	Q2 2023	Change‬
Revenues	41.43	28.96	(30.1 %)
Gross Income	6.22	3.52	(43.4 %)
Operating Income	0.74	(2.08)	(379.5 %)
Net Income	(0.63)	(3.61)	(470.2 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	(0.06)	(0.35)	(470.2 %)

The company also reported a net loss of SAR 3.6 million in Q2 2023, against a net profit of SAR 3.6 million a year earlier on lower sales.

On a sequential basis, the company widened its Q2 2023 loss significantly from SAR 360,000 as sales slumped by 30% and the cost of sales to sales ratio tumbled by 3% quarter-on-quarter.

Total shareholders’ equity, excluding minority interest, stood at SAR 111 million by the end of H1 2023, compared to SAR 117 million in the year-earlier period.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	94.68	8.8 %	20.57	(4.1 %)	8.69	(18.0 %)
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	118.81	25.5 %	22.63	10.0 %	9.45	8.7 %
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	22.45	-	6.57	-	2.16	-
2016	137.09	15.4 %	32.52	43.7 %	17.71	87.5 %
Q1 2017	26.54	-	6.49	-	2.79	-
Q2 2017	47.78	-	10.89	-	5.96	-
Q3 2017	23.82	-	5.47	-	1.64	-
Q4 2017	24.11	7.4 %	5.45	(17.0 %)	0.71	(67.0 %)
2017	122.25	(10.8 %)	28.30	(13.0 %)	11.11	(37.3 %)
Q1 2018	22.59	(14.9 %)	6.32	(2.5 %)	2.30	(17.8 %)
Q2 2018	37.23	(22.1 %)	7.55	(30.7 %)	3.31	(44.4 %)
Q3 2018	34.51	44.9 %	6.58	20.2 %	1.92	17.1 %
Q4 2018	22.11	(8.3 %)	2.88	(47.2 %)	(0.99)	(239.2 %)
2018	116.05	(5.1 %)	23.33	(17.6 %)	6.54	(41.1 %)
Q1 2019	23.60	4.5 %	4.38	(30.8 %)	0.68	(70.2 %)
Q2 2019	37.85	1.7 %	5.76	(23.7 %)	1.71	(48.4 %)
Q3 2019	31.05	(10.0 %)	4.64	(29.4 %)	0.00	(99.9 %)
Q4 2019	22.72	2.7 %	5.73	99.1 %	0.57	157.6 %
2019	115.22	(0.7 %)	20.90	(10.4 %)	3.36	(48.6 %)
Q1 2020	31.58	33.8 %	4.33	(1.0 %)	0.45	(34.1 %)
Q2 2020	61.72	63.1 %	9.35	62.4 %	3.03	77.1 %
Q3 2020	23.04	(25.8 %)	7.75	66.8 %	2.79	278500.0 %
Q4 2020	23.02	1.3 %	8.64	50.8 %	(2.59)	(551.5 %)
2020	139.36	21.0 %	30.07	43.9 %	3.68	9.5 %
Q1 2021	38.65	22.4 %	9.00	107.7 %	3.76	734.6 %
Q2 2021	43.20	(30.0 %)	9.77	4.5 %	5.26	73.6 %
Q3 2021	32.60	41.5 %	7.68	(0.8 %)	2.58	(7.5 %)
Q4 2021	20.79	(9.7 %)	10.40	20.4 %	3.02	216.7 %
2021	135.24	(3.0 %)	36.85	22.5 %	14.62	297.4 %
Q1 2022	41.48	7.3 %	8.41	(6.6 %)	3.48	(7.6 %)
Q2 2022	34.46	(20.2 %)	10.24	4.9 %	5.06	(3.7 %)
Q3 2022	29.56	(9.3 %)	7.91	3.0 %	1.96	(23.9 %)
Q4 2022	21.43	3.1 %	8.13	(21.9 %)	1.41	(53.2 %)
2022	126.93	(6.1 %)	34.69	(5.9 %)	11.91	(18.5 %)
Q1 2023	41.43	(0.1 %)	6.22	(26.0 %)	0.74	(78.7 %)
Q2 2023	28.96	(16.0 %)	3.52	(65.6 %)	(2.08)	(141.0 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	87.05	3.0 %	21.46	(1.5 %)	10.59	(5.7 %)
2014	94.68	8.8 %	20.57	(4.1 %)	8.69	(18.0 %)
2015	118.81	25.5 %	22.63	10.0 %	9.45	8.7 %
2016	137.09	15.4 %	32.52	43.7 %	17.71	87.5 %
2017	122.25	(10.8 %)	28.30	(13.0 %)	11.11	(37.3 %)
2018	116.05	(5.1 %)	23.33	(17.6 %)	6.54	(41.1 %)
2019	115.22	(0.7 %)	20.90	(10.4 %)	3.36	(48.6 %)
2020	139.36	21.0 %	30.07	43.9 %	3.68	9.5 %
2021	135.24	(3.0 %)	36.85	22.5 %	14.62	297.4 %
2022	126.93	(6.1 %)	34.69	(5.9 %)	11.91	(18.5 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	7.41	(19.8 %)	0.73	-	7.41	0.73
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	8.05	8.6 %	0.79	-	8.05	0.79
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	2.10	-	0.21	-	2.10	0.21
2016	16.41	104.0 %	1.61	-	16.41	1.61
Q1 2017	2.29	-	0.22	-	2.29	0.22
Q2 2017	5.23	-	0.51	-	5.23	0.51
Q3 2017	0.98	-	0.10	-	0.98	0.10
Q4 2017	0.40	(80.8 %)	0.04	-	0.40	0.04
2017	8.90	(45.8 %)	0.87	-	8.90	0.87
Q1 2018	1.72	(24.8 %)	0.17	-	1.72	0.17
Q2 2018	2.96	(43.5 %)	0.29	-	2.96	0.29
Q3 2018	0.78	(20.1 %)	0.08	-	0.78	0.08
Q4 2018	(1.74)	(530.0 %)	(0.17)	-	(1.74)	(0.17)
2018	3.70	(58.4 %)	0.36	-	3.70	0.36
Q1 2019	0.71	(58.7 %)	0.07	-	0.71	0.07
Q2 2019	1.22	(58.6 %)	0.12	-	1.22	0.12
Q3 2019	(0.31)	(139.0 %)	(0.03)	-	(0.31)	(0.03)
Q4 2019	(1.32)	23.8 %	(0.13)	-	(1.32)	(0.13)
2019	0.31	(91.7 %)	0.03	-	0.31	0.03
Q1 2020	0.04	(94.8 %)	0.00	-	0.04	0.00
Q2 2020	1.63	33.3 %	0.16	-	1.63	0.16
Q3 2020	1.94	734.8 %	0.19	-	1.94	0.19
Q4 2020	(2.80)	(111.3 %)	(0.27)	-	(2.80)	(0.27)
2020	0.81	163.7 %	0.08	-	0.81	0.08
Q1 2021	2.84	7573.0 %	0.28	-	2.84	0.28
Q2 2021	4.42	171.0 %	0.43	-	4.42	0.43
Q3 2021	1.63	(16.0 %)	0.16	-	1.63	0.16
Q4 2021	1.06	137.7 %	0.10	-	1.06	0.10
2021	9.94	1131.1 %	0.97	-	9.94	0.97
Q1 2022	2.26	(20.4 %)	0.22	-	2.26	0.22
Q2 2022	3.62	(18.1 %)	0.35	-	3.62	0.35
Q3 2022	0.47	(70.9 %)	0.05	-	0.47	0.05
Q4 2022	(0.56)	(153.0 %)	(0.05)	-	(0.56)	(0.05)
2022	5.79	(41.7 %)	0.57	-	5.79	0.57
Q1 2023	(0.63)	(128.0 %)	(0.06)	-	(0.63)	(0.06)
Q2 2023	(3.61)	(199.8 %)	(0.35)	-	(3.61)	(0.35)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	9.24	(10.9 %)	0.91	-	9.24	0.91
2014	7.41	(19.8 %)	0.73	-	7.41	0.73
2015	8.05	8.6 %	0.79	-	8.05	0.79
2016	16.41	104.0 %	1.61	-	16.41	1.61
2017	8.90	(45.8 %)	0.87	-	8.90	0.87
2018	3.70	(58.4 %)	0.36	-	3.70	0.36
2019	0.31	(91.7 %)	0.03	-	0.31	0.03
2020	0.81	163.7 %	0.08	-	0.81	0.08
2021	9.94	1131.1 %	0.97	-	9.94	0.97
2022	5.79	(41.7 %)	0.57	-	5.79	0.57

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	21.73 %	11.43 %	7.83 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	19.05 %	10.27 %	6.77 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	23.72 %	14.92 %	11.97 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	24.39 %	12.66 %	8.79 %
Q4 2017	23.15 %	11.41 %	7.28 %
2017	23.15 %	11.41 %	7.28 %
Q1 2018	23.78 %	11.43 %	7.04 %
Q2 2018	23.01 %	10.20 %	5.62 %
Q3 2018	21.87 %	9.55 %	4.95 %
Q4 2018	20.04 %	8.06 %	3.19 %
2018	20.10 %	8.08 %	3.19 %
Q1 2019	18.20 %	6.54 %	2.31 %
Q2 2019	16.59 %	5.11 %	0.83 %
Q3 2019	15.40 %	3.77 %	(0.10 %)
Q4 2019	17.80 %	5.24 %	0.26 %
2019	18.14 %	5.58 %	0.27 %
Q1 2020	16.61 %	4.96 %	(0.30 %)
Q2 2020	16.36 %	5.23 %	0.03 %
Q3 2020	19.53 %	7.54 %	1.64 %
Q4 2020	21.57 %	5.23 %	0.58 %
2020	21.57 %	5.23 %	0.58 %
Q1 2021	23.72 %	7.18 %	2.46 %
Q2 2021	27.48 %	9.90 %	5.00 %
Q3 2021	25.52 %	8.99 %	4.43 %
Q4 2021	27.25 %	13.30 %	7.35 %
2021	27.25 %	13.30 %	7.35 %
Q1 2022	26.26 %	12.77 %	6.78 %
Q2 2022	28.40 %	13.45 %	6.62 %
Q3 2022	29.26 %	13.27 %	5.86 %
Q4 2022	27.32 %	11.94 %	4.56 %
2022	27.33 %	11.94 %	4.56 %
Q1 2023	25.61 %	9.79 %	2.28 %
Q2 2023	21.23 %	4.35 %	(3.56 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	24.65 %	14.78 %	10.62 %
2014	21.73 %	11.43 %	7.83 %
2015	19.05 %	10.27 %	6.77 %
2016	23.72 %	14.92 %	11.97 %
2017	23.15 %	11.41 %	7.28 %
2018	20.10 %	8.08 %	3.19 %
2019	18.14 %	5.58 %	0.27 %
2020	21.57 %	5.23 %	0.58 %
2021	27.25 %	13.30 %	7.35 %
2022	27.33 %	11.94 %	4.56 %

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	29.27 %	13.06 %	9.37 %
Q1 2017	24.44 %	13.10 %	8.61 %
Q2 2017	22.78 %	13.74 %	10.94 %
Q3 2017	22.98 %	9.65 %	4.11 %
Q4 2017	22.61 %	6.68 %	1.68 %
Q1 2018	28.00 %	13.49 %	7.61 %
Q2 2018	20.27 %	10.83 %	7.94 %
Q3 2018	19.07 %	7.60 %	2.27 %
Q4 2018	13.01 %	(1.44 %)	(7.85 %)
Q1 2019	18.54 %	5.73 %	3.01 %
Q2 2019	15.21 %	6.29 %	3.23 %
Q3 2019	14.95 %	2.93 %	(0.98 %)
Q4 2019	25.22 %	6.17 %	(5.82 %)
Q1 2020	13.72 %	4.49 %	0.12 %
Q2 2020	15.15 %	6.41 %	2.64 %
Q3 2020	33.62 %	16.09 %	8.40 %
Q4 2020	37.53 %	(7.78 %)	(12.14 %)
Q1 2021	23.28 %	11.99 %	7.34 %
Q2 2021	22.62 %	14.14 %	10.22 %
Q3 2021	23.56 %	10.46 %	4.99 %
Q4 2021	50.01 %	18.46 %	5.07 %
Q1 2022	20.26 %	10.31 %	5.45 %
Q2 2022	29.73 %	17.04 %	10.49 %
Q3 2022	26.76 %	9.38 %	1.60 %
Q4 2022	37.91 %	10.40 %	(2.61 %)
Q1 2023	15.01 %	3.74 %	(1.53 %)
Q2 2023	12.15 %	(4.39 %)	(12.46 %)

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	10.21	-	-	9.89
Q1 2017	10.21	-	-	10.12
Q2 2017	10.21	-	-	10.63
Q3 2017	10.21	1.04	1.04	10.73
Q4 2017	10.21	0.87	0.87	10.62
Q1 2018	10.21	0.82	0.82	10.79
Q2 2018	10.21	0.59	0.59	11.08
Q3 2018	10.21	0.57	0.57	11.16
Q4 2018	10.21	0.36	0.36	10.41
Q1 2019	10.21	0.27	0.27	10.48
Q2 2019	10.21	0.10	0.10	10.60
Q3 2019	10.21	(0.01)	(0.01)	10.57
Q4 2019	10.21	0.03	0.03	10.52
Q1 2020	10.21	(0.04)	(0.04)	-
Q2 2020	10.21	0.00	0.00	10.71
Q3 2020	10.21	0.22	0.22	10.90
Q4 2020	10.21	0.08	0.08	10.49
Q1 2021	10.21	0.35	0.35	10.77
Q2 2021	10.21	0.63	0.63	11.20
Q3 2021	10.21	0.60	0.60	11.36
Q4 2021	10.21	0.97	0.97	11.34
Q1 2022	10.21	0.92	0.92	11.57
Q2 2022	10.21	0.84	0.84	11.48
Q3 2022	10.21	0.73	0.73	11.53
Q4 2022	10.21	0.57	0.57	11.31
Q1 2023	10.21	0.28	0.28	11.25
Q2 2023	10.21	(0.42)	(0.42)	10.90

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	10.21	0.91	0.91	11.09
2014	10.21	0.73	0.73	11.78
2015	10.21	0.79	0.79	11.94
2016	10.21	1.61	1.61	9.89
2017	10.21	0.87	0.87	10.62
2018	10.21	0.36	0.36	10.41
2019	10.21	0.03	0.03	10.52
2020	10.21	0.08	0.08	10.49
2021	10.21	0.97	0.97	11.34
2022	10.21	0.57	0.57	11.31

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	-	-	2.08
Q2 2017	-	-	1.53
Q3 2017	12.56	12.56	1.22
Q4 2017	13.78	13.78	1.13
Q1 2018	13.78	13.78	1.04
Q2 2018	18.99	18.99	1.02
Q3 2018	16.85	16.85	0.87
Q4 2018	37.94	37.94	1.33
Q1 2019	44.26	44.26	1.12
Q2 2019	More than 100	More than 100	1.18
Q3 2019	NEG	NEG	1.23
Q4 2019	More than 100	More than 100	2.72
Q1 2020	NEG	NEG	-
Q2 2020	More than 100	More than 100	5.34
Q3 2020	More than 100	More than 100	5.23
Q4 2020	More than 100	More than 100	6.24
Q1 2021	More than 100	More than 100	7.10
Q2 2021	More than 100	More than 100	6.86
Q3 2021	More than 100	More than 100	6.88
Q4 2021	76.83	76.83	6.59
Q1 2022	75.55	75.55	5.99
Q2 2022	70.06	70.06	5.12
Q3 2022	73.54	73.54	4.63
Q4 2022	86.37	86.37	4.33
Q1 2023	More than 100	More than 100	4.64
Q2 2023	NEG	NEG	5.05

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	13.78	13.78	1.13
2018	38.16	38.16	1.33
2019	More than 100	More than 100	2.72
2020	More than 100	More than 100	6.24
2021	76.83	76.83	6.59
2022	86.37	86.37	4.33

Business Segments (Million)

Compared With The

Period	The commercial sector	Industrial development
Q4 2019	12.87	9.85
Q1 2020	21.20	10.38
Q2 2020	39.50	22.22
Q4 2020	10.66	12.36
Q1 2021	22.44	16.22
Q2 2021	24.34	18.86
Q3 2021	18.07	14.53
Q4 2021	10.20	10.60
Q1 2022	23.87	17.61
Q2 2022	17.61	16.85
Q3 2022	16.19	13.37
Q4 2022	6.39	15.05
Q1 2023	29.39	12.04
Q2 2023	20.37	8.59

Period	The commercial sector	Industrial development
2019	70.06	45.16
2020	84.76	54.60
2021	75.03	60.21
2022	64.05	62.88

Financial Ratios

	Current
Market Cap (M Riyal)	462.00
Enterprise Value (EV) (M)	450.80
Shares Outstanding ((M))	12.00
EPS ( Riyal) (TTM)	(0.74)
Book Value (BV) ( Riyal)	13.02
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.96
Return on Average Assets (%) (TTM)	(4.26 )
Return on Average Equity (%) (TTM)	(6.68 )

Al-Omran Industrial Trading Co. (ALOMRAN)

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Al-Omran turns to SAR 4.2 mln loss in H1 2023; Q2 at SAR 3.6 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

Share Price

Al-Omran Industrial Trading Co. (ALOMRAN)

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Al-Omran turns to SAR 4.2 mln loss in H1 2023; Q2 at SAR 3.6 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

Share Price

Al-Omran Industrial Trading Co. (ALOMRAN)

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Business Segments (Million)