Raoom’s H1 2022 net profit up 6% to SAR 16.2 mln

Raoom’s H1 2022 net profit up 6% to SAR 16.2 mln

02/08/2022 Argaam Exclusive

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Raoom Trading Co. reported a net profit after Zakat and tax of SAR 16.2 million in the first six months of 2022, an increase of 6% compared to SAR 15.4 million in the year-earlier period, driven by higher sales.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 55.72 65.04 16.7 %
Gross Income 22.18 21.99 (0.9 %)
Operating Income 16.82 17.66 5.0 %
Net Income 15.40 16.24 5.5 %
Average Shares 6.25 6.25 -
EPS (Riyals) 2.46 2.60 5.5 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 55.72 65.04 16.7 %
Gross Income 22.18 21.99 (0.9 %)
Operating Income 16.82 17.66 5.0 %
Net Income 15.40 16.24 5.5 %
Average Shares 6.25 6.25 -
EPS (Riyals) 2.46 2.60 5.5 %

Total shareholders’ equity, excluding minority interest, stood at SAR 105.443 million by the end of H1 2022, compared to SAR 88.045 million in the prior-year period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 55.67 - 22.09 - 17.64 -
H2 2020 53.19 - 17.28 - 11.30 -
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 %)
H1 2022 65.04 16.7 % 21.99 (0.9 %) 17.66 5.0 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 16.05 - 2.57 - 16.05 2.57
H2 2020 10.02 - 1.60 - 10.02 1.60
H1 2021 15.40 (4.1 %) 2.46 - 15.40 2.46
H2 2021 9.49 (5.3 %) 1.52 - 9.49 1.52
H1 2022 16.24 5.5 % 2.60 - 16.24 2.60

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 36.16 % 34.07 % 23.95 %
H1 2021 36.23 % 31.95 % 23.34 %
H2 2021 34.48 % 30.09 % 22.58 %
H1 2022 31.63 % 28.37 % 21.52 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 6.25 - - -
H2 2020 6.25 4.17 4.17 13.87
H1 2021 6.25 4.07 4.07 14.09
H2 2021 6.25 3.98 3.98 15.27
H1 2022 6.25 4.12 4.12 16.87

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 28.94 28.94 7.06

Business Segments (Million)

Compared With The
Period Glass Plastic and acrylic
Q2 2022 46.44 18.60

Current
Market Cap (M Riyal) 1,116.25
Enterprise Value (EV) (M) 1,036.70
Shares Outstanding ((M)) 6.25
Book Value (BV) ( Riyal) 21.83
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 38.05
Price/book 8.18

Share Price

178.60
1.80 1.02 %

Raoom Trading Co. (RAOOM)


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