Raoom’s net profit falls 5% to SAR 24.9 mln in 2021
20/03/2022
Argaam Exclusive
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Raoom Trading Co. reported a net profit after Zakat and tax of SAR 24.9 million in 2021, down 5%, from SAR 26.1 million in the year-earlier period.
Financials (M)
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 108.86 | 110.19 | 1.2 % |
| Gross Income | 39.36 | 38.00 | (3.5 %) |
| Operating Income | 28.94 | 27.58 | (4.7 %) |
| Net Income | 26.07 | 24.88 | (4.5 %) |
| Average Shares | 6.25 | 6.25 | - |
| EPS (Riyals) | 4.17 | 3.98 | (4.5 %) |
The decline was driven by an increase in the cost of revenue.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2020 | H2 2021 | Change |
|---|---|---|---|
| Revenues | 53.19 | 54.47 | 2.4 % |
| Gross Income | 17.28 | 15.81 | (8.5 %) |
| Operating Income | 11.30 | 10.76 | (4.8 %) |
| Net Income | 10.02 | 9.49 | (5.3 %) |
| Average Shares | 6.25 | 6.25 | - |
| EPS (Riyals) | 1.60 | 1.52 | (5.3 %) |
Total shareholders' equity, excluding minority rights, reached SAR 95.45 million in 2021, compared to SAR 86.68 million in the year-earlier period.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2021 | 55.72 | 0.1 % | 22.18 | 0.4 % | 16.82 | (4.6 %) |
| H2 2021 | 54.47 | 2.4 % | 15.81 | (8.5 %) | 10.76 | (4.8 %) |
| 2021 | 110.19 | 1.2 % | 38.00 | (3.5 %) | 27.58 | (4.7 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2021 | 15.40 | (4.1 %) | 2.46 | - | 15.40 | 2.46 |
| H2 2021 | 9.49 | (5.3 %) | 1.52 | - | 9.49 | 1.52 |
| 2021 | 24.88 | (4.5 %) | 3.98 | - | 24.88 | 3.98 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2021 | 36.23 % | 31.95 % | 23.34 % |
| H2 2021 | 34.48 % | 30.09 % | 22.58 % |
| 2021 | 34.48 % | 30.09 % | 22.58 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2021 | 6.25 | 4.07 | 4.07 | 14.09 |
| H2 2021 | 6.25 | 3.98 | 3.98 | 15.27 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2021 | - | - | - |
| H2 2021 | - | - | - |
| Current | |
| Market Cap (M Riyal) | 1,093.75 |
| Enterprise Value (EV) (M) | 1,014.20 |
| Shares Outstanding ((M)) | 6.25 |
| Book Value (BV) ( Riyal) | 21.83 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 37.28 |
| Price/book | 8.02 |
Share Price
Raoom Trading Co. (RAOOM)
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