Zahrat Al Waha H1 2021 profit rises 87% to SAR 36.6 mln

Zahrat Al Waha H1 2021 profit rises 87% to SAR 36.6 mln

27/07/2021 Argaam Exclusive

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Zahrat Al Waha for Trading Co. reported a net profit after Zakat and tax of SAR 36.6 million for the first half of 2021, an 87% increase from SAR 19.5 million in the year-ago period.

 

The company attributed the increase in net profit to higher sales, other revenue and profits at fair value from investment portfolio.

 

Lower cost of goods sold, selling and distribution expenses, general and administrative expenses, and financing costs were also cited for the profit rise.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 232.26 242.73 4.5 %
Gross Income 35.61 42.39 19.0 %
Operating Income 26.75 33.13 23.8 %
Net Income 19.53 36.60 87.4 %
Average Shares 22.50 22.50 -
EPS (Riyals) 0.87 1.63 87.4 %

The company reported a net profit after Zakat and tax of SAR 16.3 million in Q2 2021, up from SAR 6.6 million in year-ago period, on higher sales and other revenue.

 

When compared to previous quarter, net profit fell 19.9% on higher cost of goods sold and general and administrative expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 108.62 124.59 14.7 %
Gross Income 14.67 19.75 34.6 %
Operating Income 10.31 15.15 46.9 %
Net Income 6.62 16.28 145.9 %
Average Shares 22.50 22.50 -
EPS (Riyals) 0.29 0.72 145.9 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 89.69 - 22.80 - 19.74 -
Q4 2016 74.41 - 13.20 - 8.95 -
Q1 2017 84.28 - 18.85 - 15.28 -
Q2 2017 128.76 - 25.89 - 22.90 -
Q3 2017 121.75 35.8 % 22.65 (0.7 %) 17.33 (12.2 %)
Q4 2017 87.52 17.6 % 10.47 (20.7 %) 6.40 (28.5 %)
Q1 2018 97.77 16.0 % 10.70 (43.2 %) 7.42 (51.4 %)
Q2 2018 140.67 9.2 % 16.49 (36.3 %) 12.24 (46.5 %)
Q3 2018 141.57 16.3 % 17.40 (23.2 %) 14.09 (18.7 %)
Q4 2018 108.51 24.0 % 20.45 95.3 % 17.93 180.2 %
Q1 2019 129.89 32.9 % 16.80 57.0 % 13.40 80.6 %
Q2 2019 133.42 (5.2 %) 18.04 9.4 % 13.91 13.6 %
Q3 2019 147.00 3.8 % 23.48 34.9 % 18.82 33.6 %
Q4 2019 109.45 0.9 % 30.15 47.4 % 26.41 47.3 %
Q1 2020 123.65 (4.8 %) 20.95 24.7 % 16.44 22.7 %
Q2 2020 108.62 (18.6 %) 14.67 (18.7 %) 10.31 (25.9 %)
Q3 2020 101.54 (30.9 %) 14.93 (36.4 %) 10.85 (42.3 %)
Q4 2020 91.05 (16.8 %) 23.64 (21.6 %) 20.10 (23.9 %)
Q1 2021 118.14 (4.5 %) 22.64 8.1 % 17.98 9.4 %
Q2 2021 124.59 14.7 % 19.75 34.6 % 15.15 46.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO 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 16.60 - 0.74 - 16.60 0.74
Q4 2016 1.65 - 0.07 (3.51) 5.16 0.23
Q1 2017 12.06 - 0.54 - 12.06 0.54
Q2 2017 17.21 - 0.76 - 17.21 0.76
Q3 2017 17.17 3.5 % 0.76 - 17.17 0.76
Q4 2017 0.45 (72.8 %) 0.02 - 0.45 0.02
Q1 2018 4.25 (64.8 %) 0.19 - 4.25 0.19
Q2 2018 7.85 (54.4 %) 0.35 - 7.85 0.35
Q3 2018 9.52 (44.6 %) 0.42 - 9.52 0.42
Q4 2018 13.05 2806.2 % 0.58 - 13.05 0.58
Q1 2019 9.13 114.8 % 0.41 - 9.13 0.41
Q2 2019 10.14 29.2 % 0.45 - 10.14 0.45
Q3 2019 14.97 57.4 % 0.67 - 14.97 0.67
Q4 2019 22.39 71.6 % 1.00 - 22.39 1.00
Q1 2020 12.91 41.4 % 0.57 - 12.91 0.57
Q2 2020 6.62 (34.7 %) 0.29 - 6.62 0.29
Q3 2020 7.20 (51.9 %) 0.32 - 7.20 0.32
Q4 2020 13.84 (38.2 %) 0.62 - 13.84 0.62
Q1 2021 20.32 57.4 % 0.90 2.52 17.81 0.79
Q2 2021 16.28 145.9 % 0.72 4.89 11.39 0.51

Profitability

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 - - -
Q2 2017 21.41 % 22.03 % 13.53 %
Q3 2017 19.69 % 21.09 % 12.61 %
Q4 2017 18.44 % 19.93 % 11.10 %
Q1 2018 16.00 % 17.58 % 8.97 %
Q2 2018 13.47 % 14.82 % 6.64 %
Q3 2018 11.78 % 13.57 % 4.72 %
Q4 2018 13.31 % 15.20 % 7.10 %
Q1 2019 13.66 % 15.58 % 7.59 %
Q2 2019 14.16 % 16.27 % 8.15 %
Q3 2019 15.18 % 17.17 % 9.12 %
Q4 2019 17.02 % 19.15 % 10.90 %
Q1 2020 18.03 % 20.08 % 11.77 %
Q2 2020 18.26 % 20.45 % 11.64 %
Q3 2020 18.20 % 20.91 % 11.08 %
Q4 2020 17.46 % 20.49 % 9.55 %
Q1 2021 18.09 % 21.27 % 10.84 %
Q2 2021 18.60 % 21.75 % 11.54 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) 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 22.50 - - 6.25
Q4 2016 22.50 - - 6.32
Q1 2017 22.50 - - 6.86
Q2 2017 22.50 2.11 2.27 7.62
Q3 2017 22.50 2.14 2.29 8.39
Q4 2017 22.50 2.08 2.08 8.41
Q1 2018 22.50 1.74 1.74 7.93
Q2 2018 22.50 1.32 1.32 7.62
Q3 2018 22.50 0.98 0.98 8.04
Q4 2018 22.50 1.54 1.54 8.57
Q1 2019 22.50 1.76 1.76 8.97
Q2 2019 22.50 1.86 1.86 8.76
Q3 2019 22.50 2.10 2.10 9.42
Q4 2019 22.50 2.52 2.52 9.92
Q1 2020 22.50 2.69 2.69 10.50
Q2 2020 22.50 2.53 2.53 10.28
Q3 2020 22.50 2.18 2.18 10.60
Q4 2020 22.50 1.80 1.80 11.22
Q1 2021 22.50 2.13 2.02 12.13
Q2 2021 22.50 2.56 2.23 12.17

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 16.70 15.57 4.26
Q4 2017 15.79 15.79 3.91
Q1 2018 17.92 17.92 3.92
Q2 2018 20.95 20.95 3.63
Q3 2018 24.95 24.95 3.04
Q4 2018 17.70 17.70 3.18
Q1 2019 15.55 15.55 3.05
Q2 2019 14.31 14.31 3.04
Q3 2019 14.34 14.34 3.20
Q4 2019 12.45 12.45 3.16
Q1 2020 10.96 10.96 2.80
Q2 2020 12.94 12.94 3.18
Q3 2020 19.12 19.12 3.94
Q4 2020 29.28 29.28 4.71
Q1 2021 26.01 27.45 4.57
Q2 2021 22.17 25.44 4.67

Business Segments (Million)

Compared With The
Period Flasks sector Plastic covers sector
Q4 2016 65.84 8.58
Q1 2017 75.83 8.45
Q2 2017 110.81 17.95
Q3 2017 100.76 20.99
Q4 2017 76.80 10.72
Q1 2018 83.88 13.89
Q2 2018 119.58 21.09
Q3 2018 120.92 20.65
Q4 2018 94.88 13.63
Q1 2019 112.59 17.30
Q2 2019 112.71 20.71
Q3 2019 123.17 23.83
Q4 2019 94.29 15.16
Q1 2020 106.27 17.38
Q2 2020 89.74 18.88
Q3 2020 83.01 18.53
Q4 2020 73.38 17.67
Q1 2021 101.58 16.56
Q2 2021 104.26 20.33


Financial Ratios
Current
Market Cap (M Riyal) 725.63
Enterprise Value (EV) (M) 914.73
Shares Outstanding ((M)) 22.50
EPS ( Riyal) (TTM) 1.03
Book Value (BV) ( Riyal) 12.97
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 29.90
P/E (TTM) 31.32
Price/book 2.49
Return on Average Assets (%) (TTM) 4.1
Return on Average Equity (%) (TTM) 7.8
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Share Price

Zahrat Al Waha for Trading Co.
32.25
0.20 0.62 %

Zahrat Al Waha for Trading Co. (OASIS)

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