Al Kathiri 2021 net profit down 12% to SAR 8.5 mln; Q4 loss at SAR 3.3 mln

07/03/2022 Argaam Exclusive

View other reports

Al Kathiri Holding Co. reported a net profit after Zakat and tax of SAR 8.5 million in 2021, a drop of 12% from SAR 9.7 million a year earlier.

The profit decline was attributed to higher general and administrative expenses due to the formation of credit loss provision for 2021, as well as increased financing charges.

Financials (M)

Item	2020	2021	Change‬
Revenues	104.44	128.78	23.3 %
Gross Income	26.97	40.22	49.1 %
Operating Income	10.36	13.31	28.5 %
Net Income	9.66	8.67	(10.3 %)
Average Shares	226.04	226.04	-
EPS (Halala)	4.27	3.83	(10.3 %)

In Q4 2021, the company swung to a net loss after Zakat and tax of SAR 3.3 million against a net profit of SAR 4.3 million in the year-ago period.

In Q3 2021, the company made a net profit of SAR 4.5 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2020	Q4 2021	Change‬
Revenues	37.08	11.90	(67.9 %)
Gross Income	11.78	7.15	(39.3 %)
Operating Income	4.46	0.00	(100.0 %)
Net Income	4.69	(3.07)	(165.6 %)
Average Shares	226.04	226.04	-
EPS (Halala)	2.07	(1.36)	(165.6 %)

Item	Q3 2021	Q4 2021	Change‬
Revenues	41.48	11.90	(71.3 %)
Gross Income	11.37	7.15	(37.1 %)
Operating Income	5.44	0.00	(100.0 %)
Net Income	4.49	(3.07)	(168.4 %)
Average Shares	226.04	226.04	-
EPS (Halala)	1.99	(1.36)	(168.4 %)

Shareholders’ equity, after minority interest, increased by 6.6% to SAR 133.7 million in 2021, from SAR 125.5 million in 2020.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	31.55	-	5.77	-	5.46	-
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	52.98	67.9 %	10.08	74.7 %	8.14	49.2 %
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	53.48	1.0 %	11.55	14.6 %	8.57	5.3 %
Q1 2017	2.03	-	0.22	-	0.10	-
Q2 2017	9.59	-	2.99	-	1.86	-
Q3 2017	14.44	-	5.53	-	4.09	-
Q4 2017	16.92	-	3.11	-	1.76	-
2017	42.98	(19.6 %)	11.77	1.9 %	7.81	(8.9 %)
Q1 2018	13.80	580.6 %	4.08	1795.8 %	2.24	2143.0 %
Q2 2018	12.75	32.9 %	3.92	31.4 %	2.20	18.1 %
Q3 2018	13.67	(5.4 %)	5.49	(0.8 %)	3.48	(15.0 %)
Q4 2018	10.27	(39.3 %)	2.38	(23.5 %)	1.76	0.1 %
2018	50.49	17.5 %	15.87	34.8 %	9.68	23.9 %
Q1 2019	26.10	89.2 %	7.80	91.3 %	4.54	102.4 %
Q2 2019	17.90	40.4 %	5.62	43.1 %	3.14	42.6 %
Q3 2019	18.02	31.8 %	6.68	21.6 %	4.20	20.9 %
Q4 2019	26.36	156.6 %	7.81	228.7 %	5.04	186.7 %
2019	89.47	77.2 %	27.90	75.8 %	17.85	84.5 %
Q1 2020	25.57	(2.0 %)	7.48	(4.0 %)	4.06	(10.6 %)
Q2 2020	15.24	(14.9 %)	1.94	(65.4 %)	(0.71)	(122.6 %)
Q3 2020	26.55	47.4 %	5.76	(13.7 %)	2.55	(39.4 %)
Q4 2020	37.08	40.6 %	11.78	50.8 %	4.46	(11.5 %)
2020	104.44	16.7 %	26.97	(3.3 %)	10.36	(42.0 %)
Q1 2021	35.21	37.7 %	9.90	32.3 %	4.50	10.7 %
Q2 2021	40.19	163.7 %	11.81	508.0 %	3.37	574.4 %
Q3 2021	41.48	56.2 %	11.37	97.3 %	5.44	113.5 %
Q4 2021	11.90	(67.9 %)	7.15	(39.3 %)	0.00	(100.0 %)
2021	128.78	23.3 %	40.22	49.1 %	13.31	28.5 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	31.55	-	5.77	-	5.46	-
2015	52.98	67.9 %	10.08	74.7 %	8.14	49.2 %
2016	53.48	1.0 %	11.55	14.6 %	8.57	5.3 %
2017	42.98	(19.6 %)	11.77	1.9 %	7.81	(8.9 %)
2018	50.49	17.5 %	15.87	34.8 %	9.68	23.9 %
2019	89.47	77.2 %	27.90	75.8 %	17.85	84.5 %
2020	104.44	16.7 %	26.97	(3.3 %)	10.36	(42.0 %)
2021	128.78	23.3 %	40.22	49.1 %	13.31	28.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2012	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-
2012	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-
2014	5.46	-	2.55	-	5.46	0.03
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	7.78	42.6 %	3.64	-	7.78	0.04
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	7.91	1.7 %	3.70	-	7.91	0.04
Q1 2017	0.09	-	0.04	-	0.09	0.00
Q2 2017	1.77	-	0.83	-	1.77	0.01
Q3 2017	3.27	-	1.53	(0.78)	4.05	0.02
Q4 2017	1.52	-	0.71	-	1.52	0.01
2017	6.65	(16.0 %)	3.11	(0.78)	7.43	0.03
Q1 2018	2.27	2365.2 %	1.06	-	2.27	0.01
Q2 2018	2.27	28.2 %	1.06	-	2.27	0.01
Q3 2018	3.40	3.9 %	1.59	-	3.40	0.02
Q4 2018	1.37	(9.6 %)	0.64	-	1.37	0.01
2018	9.30	40.0 %	4.35	-	9.30	0.04
Q1 2019	4.57	101.5 %	2.14	-	4.57	0.02
Q2 2019	3.01	32.7 %	1.41	-	3.01	0.01
Q3 2019	4.15	22.1 %	1.94	-	4.15	0.02
Q4 2019	4.29	212.4 %	2.01	-	4.29	0.02
2019	16.02	72.1 %	7.49	-	16.02	0.07
Q1 2020	3.63	(20.6 %)	1.70	-	3.63	0.02
Q2 2020	(1.29)	(143.0 %)	(0.60)	-	(1.29)	(0.01)
Q3 2020	2.64	(36.4 %)	1.23	-	2.64	0.01
Q4 2020	4.69	9.1 %	2.07	-	4.69	0.02
2020	9.66	(39.7 %)	4.27	-	9.66	0.04
Q1 2021	4.18	15.1 %	1.85	-	4.18	0.02
Q2 2021	3.07	337.6 %	1.36	-	3.07	0.01
Q3 2021	4.49	70.2 %	1.99	-	4.49	0.02
Q4 2021	(3.07)	(165.6 %)	(1.36)	(1.61)	(1.47)	(0.01)
2021	8.67	(10.3 %)	3.83	(1.61)	10.27	0.05

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	-	-	-	-	-	-
2013	-	-	-	-	-	-
2014	5.46	-	2.55	-	5.46	0.03
2015	7.78	42.6 %	3.64	-	7.78	0.04
2016	7.91	1.7 %	3.70	-	7.91	0.04
2017	6.65	(16.0 %)	3.11	(0.78)	7.43	0.03
2018	9.30	40.0 %	4.35	-	9.30	0.04
2019	16.02	72.1 %	7.49	-	16.02	0.07
2020	9.66	(39.7 %)	4.27	-	9.66	0.04
2021	8.67	(10.3 %)	3.83	(1.61)	10.27	0.05

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	18.29 %	-	17.29 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	19.03 %	17.57 %	14.68 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	21.60 %	19.12 %	14.80 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	27.55 %	23.34 %	17.28 %
2017	27.39 %	23.34 %	17.29 %
Q1 2018	28.68 %	24.22 %	17.54 %
Q2 2018	28.73 %	24.51 %	17.45 %
Q3 2018	29.05 %	24.71 %	16.54 %
Q4 2018	31.43 %	28.84 %	18.43 %
2018	31.43 %	28.84 %	18.43 %
Q1 2019	31.20 %	27.05 %	18.49 %
Q2 2019	31.32 %	26.38 %	18.18 %
Q3 2019	31.08 %	25.75 %	18.12 %
Q4 2019	31.57 %	24.95 %	18.12 %
2019	31.19 %	25.70 %	17.90 %
Q1 2020	31.41 %	24.45 %	17.16 %
Q2 2020	28.07 %	20.81 %	12.65 %
Q3 2020	24.54 %	17.17 %	9.89 %
Q4 2020	25.82 %	14.90 %	9.25 %
2020	25.82 %	14.90 %	9.25 %
Q1 2021	25.75 %	14.30 %	8.95 %
Q2 2021	28.23 %	15.10 %	10.48 %
Q3 2021	29.13 %	15.87 %	10.67 %
Q4 2021	31.23 %	16.25 %	7.98 %
2021	31.23 %	16.25 %	7.98 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	-	-	-
2013	-	-	-
2014	18.29 %	-	17.29 %
2015	19.03 %	17.57 %	14.68 %
2016	21.60 %	19.12 %	14.80 %
2017	27.39 %	23.34 %	17.29 %
2018	31.43 %	28.84 %	18.43 %
2019	31.19 %	25.70 %	17.90 %
2020	25.82 %	14.90 %	9.25 %
2021	31.23 %	16.25 %	7.98 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
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	10.61 %	8.44 %	4.54 %
Q2 2017	31.13 %	26.58 %	18.43 %
Q3 2017	38.31 %	33.75 %	28.04 %
Q4 2017	18.35 %	14.41 %	8.98 %
Q1 2018	29.54 %	24.62 %	16.44 %
Q2 2018	30.78 %	27.31 %	17.78 %
Q3 2018	40.16 %	35.11 %	24.84 %
Q4 2018	23.14 %	28.05 %	13.37 %
Q1 2019	29.88 %	22.31 %	17.52 %
Q2 2019	31.37 %	24.70 %	16.81 %
Q3 2019	37.06 %	30.46 %	23.00 %
Q4 2019	29.64 %	23.98 %	16.29 %
Q1 2020	29.27 %	20.53 %	14.20 %
Q2 2020	12.74 %	4.42 %	(8.48 %)
Q3 2020	21.70 %	14.51 %	9.93 %
Q4 2020	31.78 %	15.60 %	12.64 %
Q1 2021	28.10 %	17.06 %	11.86 %
Q2 2021	29.38 %	13.31 %	7.64 %
Q3 2021	27.40 %	17.58 %	10.82 %
Q4 2021	60.07 %	19.18 %	(12.32 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
Q1 2012	-	-	-	-
Q2 2012	-	-	-	-
Q3 2012	-	-	-	-
Q4 2012	-	-	-	-
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	213.84	-	-	0.13
Q2 2017	213.84	-	-	0.16
Q3 2017	213.84	-	-	0.21
Q4 2017	213.84	3.11	3.47	0.21
Q1 2018	213.84	4.13	4.49	0.23
Q2 2018	213.84	4.36	4.73	0.24
Q3 2018	213.84	4.42	4.42	0.25
Q4 2018	213.84	4.35	4.35	0.26
Q1 2019	213.84	5.43	5.43	0.28
Q2 2019	213.84	5.77	5.77	0.29
Q3 2019	213.84	6.13	6.13	0.31
Q4 2019	213.84	7.49	7.49	0.33
Q1 2020	213.84	7.05	7.05	0.35
Q2 2020	213.84	5.04	5.04	0.34
Q3 2020	213.84	4.33	4.33	0.36
Q4 2020	226.04	4.27	4.27	0.56
Q1 2021	226.04	4.52	4.52	0.57
Q2 2021	226.04	6.45	6.45	0.59
Q3 2021	226.04	7.27	7.27	0.61
Q4 2021	226.04	3.83	4.54	0.59

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2012	-	-	-	-
2013	-	-	-	-
2014	213.84	2.55	2.55	0.08
2015	213.84	3.64	3.64	0.09
2016	213.84	3.70	3.70	0.13
2017	213.84	3.11	3.47	0.21
2018	213.84	4.35	4.35	0.26
2019	213.84	7.49	7.49	0.33
2020	226.04	4.27	4.27	0.56
2021	226.04	3.83	4.54	0.59

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
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	-	-	1.43
Q4 2017	10.94	9.79	1.58
Q1 2018	8.22	7.55	1.51
Q2 2018	9.60	8.86	1.77
Q3 2018	10.53	10.53	1.85
Q4 2018	25.14	25.14	4.24
Q1 2019	16.11	16.11	3.13
Q2 2019	23.32	23.32	4.59
Q3 2019	16.43	16.43	3.22
Q4 2019	39.36	39.36	8.85
Q1 2020	25.82	25.82	5.20
Q2 2020	40.34	40.34	5.91
Q3 2020	84.82	84.82	10.33
Q4 2020	79.43	79.43	6.11
Q1 2021	86.77	86.77	6.83
Q2 2021	65.00	65.00	7.14
Q3 2021	55.95	55.95	6.70
Q4 2021	91.16	76.90	5.91

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	10.93	9.78	1.58
2018	25.14	25.14	4.24
2019	39.36	39.36	8.85
2020	79.43	79.43	6.11
2021	91.16	76.90	5.91

Business Segments (Million)

Compared With The

Period	Concrete sales	Cement sales	Special projects	others
Q1 2021	13.66	12.50	1.52	7.52
Q2 2021	15.04	11.65	-	13.50
Q3 2021	19.93	13.39	0.51	7.65

Period	Concrete sales	Cement sales	Special projects	others
2021	64.12	23.05	3.60	38.01

Financial Ratios

	Current
Market Cap (M Riyal)	603.53
Enterprise Value (EV) (M)	685.92
Shares Outstanding ((M))	226.04
EPS (Halala) (TTM)	(2.37)
Book Value (BV) ( Riyal)	0.59
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	4.54
Return on Average Assets (%) (TTM)	(1.79 )
Return on Average Equity (%) (TTM)	(3.94 )

Al Kathiri Holding Co. (ALKATHIRI)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Al Kathiri 2021 net profit down 12% to SAR 8.5 mln; Q4 loss at SAR 3.3 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) 2021 Q4

Financial Ratios

Share Price

Al Kathiri Holding Co. (ALKATHIRI)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

Al Kathiri 2021 net profit down 12% to SAR 8.5 mln; Q4 loss at SAR 3.3 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) Q3 2021

Revenue by Business Segment (Latest) 2021 Q4

Financial Ratios

Share Price

Al Kathiri Holding Co. (ALKATHIRI)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)