Makkah Construction profit rises to SAR 187.6 mln in H1 2023; Q2 at SAR 122.8 mln

13/08/2023 Argaam Exclusive

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Makkah Construction and Development Co. reported an over twofold increase in H1 2023 net profit to SAR 187.6 million in H1 2023 from SAR 82.4 million a year earlier.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	201.06	347.93	73.0 %
Gross Income	100.45	237.65	136.6 %
Operating Income	88.49	192.16	117.2 %
Net Income	82.41	187.57	127.6 %
Average Shares	164.82	164.82	-
EPS (Riyals)	0.50	1.14	127.6 %

The company cited an increase in revenues and occupancy rates of residential rooms in Makkah Hotel and Towers Co., due to a higher number of guests from visitors and Umrah performers. Makkah Construction also reported a jump in revenues from the commercial center, most of which were generated during the Hajj season.

Meanwhile, the first half of 2022 included only the month of Ramadan (due to the change of the fiscal year from the Hijri to Gregorian), when occupancy rates of hotels, towers, and visitors to the commercial center are higher than the rest of the year.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	145.81	207.51	42.3 %
Gross Income	85.88	148.89	73.4 %
Operating Income	79.50	125.98	58.5 %
Net Income	73.65	122.83	66.8 %
Average Shares	164.82	164.82	-
EPS (Riyals)	0.45	0.75	66.8 %

Item	Q1 2023	Q2 2023	Change‬
Revenues	140.42	207.51	47.8 %
Gross Income	88.75	148.89	67.8 %
Operating Income	66.18	125.98	90.4 %
Net Income	64.74	122.83	89.7 %
Average Shares	164.82	164.82	-
EPS (Riyals)	0.39	0.75	89.7 %

The second-quarter net profit leapt 66.8% to SAR 122.8 million from SAR 73.6 million in Q2 2022, backed by a rise in revenues and occupancy rates of residential rooms in Makkah Hotel and Towers Co., due to higher number of guests from visitors and Umrah performers.

Makkah Construction’s Q2 net earnings surged by 89.7% from SAR 64.74 million in Q1 2023. The company reported a surge in revenues and occupancy rates of residential rooms in Makkah Hotel and Towers Co., as well as increased revenues from the commercial center.

Shareholders’ equity, no minority interest, tumbled to SAR 4.27 billion as of June 30, 2023, from SAR 4.30 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	78.58	(5.8 %)	64.84	(8.9 %)	62.42	(5.7 %)
Q2 2014	122.97	(7.2 %)	106.51	(9.8 %)	101.81	(10.0 %)
Q3 2014	105.54	2.9 %	90.17	1.8 %	88.46	4.9 %
Q4 2014	107.98	12.3 %	94.00	18.3 %	90.78	20.7 %
2014	414.89	0.0 %	355.32	(0.5 %)	343.29	1.3 %
Q1 2015	71.56	(8.9 %)	57.36	(11.5 %)	55.17	(11.6 %)
Q2 2015	129.46	5.3 %	114.91	7.9 %	110.40	8.4 %
Q3 2015	103.94	(1.5 %)	88.35	(2.0 %)	86.16	(2.6 %)
Q4 2015	93.71	(13.2 %)	80.75	(14.1 %)	72.74	(19.9 %)
2015	398.67	(3.9 %)	341.37	(3.9 %)	324.47	(5.5 %)
Q1 2016	117.49	64.2 %	62.04	8.2 %	58.31	5.7 %
Q2 2016	199.92	54.4 %	126.14	9.8 %	120.10	8.8 %
Q3 2016	152.45	46.7 %	83.46	(5.5 %)	80.66	(6.4 %)
Q4 2016	128.84	37.5 %	67.59	(16.3 %)	59.95	(17.6 %)
2016	598.70	50.2 %	339.23	(0.6 %)	319.02	(1.7 %)
Q1 2017	115.09	(2.0 %)	60.40	(2.7 %)	57.57	(1.3 %)
Q2 2017	191.35	(4.3 %)	114.09	(9.5 %)	108.49	(9.7 %)
Q3 2017	148.76	(2.4 %)	84.31	1.0 %	80.29	(0.5 %)
Q4 2017	108.17	(16.0 %)	49.98	(26.0 %)	40.25	(32.9 %)
2017	563.36	(5.9 %)	308.78	(9.0 %)	286.59	(10.2 %)
Q1 2018	99.29	(13.7 %)	50.03	(17.2 %)	47.80	(17.0 %)
Q2 2018	159.64	(16.6 %)	99.15	(13.1 %)	92.60	(14.6 %)
Q3 2018	143.71	(3.4 %)	87.68	4.0 %	84.57	5.3 %
Q4 2018	146.13	35.1 %	102.21	104.5 %	93.35	132.0 %
2018	548.67	(2.6 %)	339.06	9.8 %	318.33	11.1 %
Q1 2019	95.82	(3.5 %)	47.45	(5.2 %)	44.11	(7.7 %)
Q2 2019	150.12	(6.0 %)	92.62	(6.6 %)	86.42	(6.7 %)
Q3 2019	129.60	(9.8 %)	79.31	(9.5 %)	75.70	(10.5 %)
Q4 2019	101.81	(30.3 %)	60.39	(40.9 %)	52.74	(43.5 %)
2019	477.34	(13.0 %)	279.77	(17.5 %)	258.97	(18.6 %)
Q1 2020	94.39	(1.5 %)	49.54	4.4 %	41.82	(5.2 %)
Q2 2020	5.88	(96.1 %)	(20.92)	(122.6 %)	(26.65)	(130.8 %)
Q3 2020	4.55	(96.5 %)	(21.46)	(127.1 %)	(29.37)	(138.8 %)
Q4 2020	18.63	(81.7 %)	(7.24)	(112.0 %)	(36.08)	(168.4 %)
2020	123.44	(74.1 %)	(0.08)	(100.0 %)	(50.27)	(119.4 %)
Q1 2021	23.31	(75.3 %)	(2.95)	(106.0 %)	(8.94)	(121.4 %)
Q2 2021	33.31	466.7 %	3.22	115.4 %	(3.06)	88.5 %
Q3 2021	44.67	881.5 %	23.53	209.6 %	12.82	143.7 %
Q4 2021	58.35	213.2 %	29.83	511.8 %	10.36	128.7 %
2021	159.64	29.3 %	53.62	67128.8 %	11.18	122.2 %
Q1 2022	55.25	137.0 %	14.58	593.9 %	8.99	200.5 %
Q2 2022	145.81	337.8 %	85.88	2566.9 %	79.50	2701.4 %
Q3 2022	132.52	196.7 %	84.03	257.1 %	64.65	404.1 %
Q4 2022	120.55	106.6 %	79.16	165.4 %	44.12	325.8 %
2022	461.35	189.0 %	294.14	448.5 %	174.28	1458.3 %
Q1 2023	140.42	154.2 %	88.75	508.9 %	66.18	636.2 %
Q2 2023	207.51	42.3 %	148.89	73.4 %	125.98	58.5 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	414.70	(9.0 %)	357.19	(12.2 %)	338.94	(12.9 %)
2014	414.89	0.0 %	355.32	(0.5 %)	343.29	1.3 %
2015	398.67	(3.9 %)	341.37	(3.9 %)	324.47	(5.5 %)
2016	598.70	50.2 %	339.23	(0.6 %)	319.02	(1.7 %)
2017	563.36	(5.9 %)	308.78	(9.0 %)	286.59	(10.2 %)
2018	548.67	(2.6 %)	339.06	9.8 %	318.33	11.1 %
2019	477.34	(13.0 %)	279.77	(17.5 %)	258.97	(18.6 %)
2020	123.44	(74.1 %)	(0.08)	(100.0 %)	(50.27)	(119.4 %)
2021	159.64	29.3 %	53.62	67128.8 %	11.18	122.2 %
2022	461.35	189.0 %	294.14	448.5 %	174.28	1458.3 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	58.99	(7.8 %)	0.36	-	58.99	0.36
Q2 2014	97.01	(12.4 %)	0.59	-	97.01	0.59
Q3 2014	84.70	9.2 %	0.51	-	84.70	0.51
Q4 2014	86.39	20.3 %	0.52	-	86.39	0.52
2014	326.91	0.9 %	1.98	-	326.91	1.98
Q1 2015	52.54	(10.9 %)	0.32	-	52.54	0.32
Q2 2015	106.56	9.8 %	0.65	-	106.56	0.65
Q3 2015	82.69	(2.4 %)	0.50	-	82.69	0.50
Q4 2015	68.85	(20.3 %)	0.42	-	68.85	0.42
2015	310.65	(5.0 %)	1.88	-	310.65	1.88
Q1 2016	56.19	6.9 %	0.34	-	56.19	0.34
Q2 2016	113.75	6.7 %	0.69	-	113.75	0.69
Q3 2016	74.18	(10.3 %)	0.45	-	74.18	0.45
Q4 2016	54.43	(20.9 %)	0.33	-	54.43	0.33
2016	298.55	(3.9 %)	1.81	-	298.55	1.81
Q1 2017	56.05	(0.2 %)	0.34	-	56.05	0.34
Q2 2017	106.38	(6.5 %)	0.65	-	106.38	0.65
Q3 2017	78.25	5.5 %	0.47	-	78.25	0.47
Q4 2017	23.20	(57.4 %)	0.14	-	23.20	0.14
2017	263.89	(11.6 %)	1.60	-	263.89	1.60
Q1 2018	46.61	(16.9 %)	0.28	-	46.61	0.28
Q2 2018	70.09	(34.1 %)	0.43	-	70.09	0.43
Q3 2018	82.46	5.4 %	0.50	-	82.46	0.50
Q4 2018	84.31	263.3 %	0.51	-	84.31	0.51
2018	282.78	7.2 %	1.72	-	282.78	1.72
Q1 2019	47.68	2.3 %	0.29	5.00	42.68	0.26
Q2 2019	87.19	24.4 %	0.53	3.00	84.19	0.51
Q3 2019	73.80	(10.5 %)	0.45	-	73.80	0.45
Q4 2019	27.46	(67.4 %)	0.17	6.30	21.15	0.13
2019	236.13	(16.5 %)	1.43	14.30	221.83	1.35
Q1 2020	40.78	(14.5 %)	0.25	-	40.78	0.25
Q2 2020	(25.55)	(129.3 %)	(0.15)	-	(25.55)	(0.15)
Q3 2020	(29.29)	(139.7 %)	(0.18)	-	(29.29)	(0.18)
Q4 2020	(44.81)	(263.2 %)	(0.27)	-	(44.81)	(0.27)
2020	(58.88)	(124.9 %)	(0.36)	-	(58.88)	(0.36)
Q1 2021	(10.50)	(125.8 %)	(0.06)	-	(10.50)	(0.06)
Q2 2021	(3.82)	85.0 %	(0.02)	-	(3.82)	(0.02)
Q3 2021	11.76	140.2 %	0.07	-	11.76	0.07
Q4 2021	6.81	115.2 %	0.04	-	6.81	0.04
2021	4.25	107.2 %	0.03	-	4.25	0.03
Q1 2022	8.76	183.4 %	0.05	-	8.76	0.05
Q2 2022	73.65	2026.5 %	0.45	-	73.65	0.45
Q3 2022	58.06	393.5 %	0.35	-	58.06	0.35
Q4 2022	41.97	516.5 %	0.25	-	41.97	0.25
2022	155.59	3565.2 %	0.94	-	155.59	0.94
Q1 2023	64.74	638.6 %	0.39	-	64.74	0.39
Q2 2023	122.83	66.8 %	0.75	-	122.83	0.75

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	324.07	(14.5 %)	1.97	-	324.07	1.97
2014	326.91	0.9 %	1.98	-	326.91	1.98
2015	310.65	(5.0 %)	1.88	-	310.65	1.88
2016	298.55	(3.9 %)	1.81	-	298.55	1.81
2017	263.89	(11.6 %)	1.60	-	263.89	1.60
2018	282.78	7.2 %	1.72	-	282.78	1.72
2019	236.13	(16.5 %)	1.43	14.30	221.83	1.35
2020	(58.88)	(124.9 %)	(0.36)	-	(58.88)	(0.36)
2021	4.25	107.2 %	0.03	-	4.25	0.03
2022	155.59	3565.2 %	0.94	-	155.59	0.94

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	85.62 %	89.86 %	77.85 %
Q2 2014	84.78 %	89.40 %	76.29 %
Q3 2014	84.56 %	89.94 %	77.51 %
Q4 2014	85.65 %	90.13 %	78.80 %
2014	85.64 %	90.13 %	78.79 %
Q1 2015	85.29 %	89.74 %	78.58 %
Q2 2015	85.98 %	90.35 %	79.65 %
Q3 2015	85.88 %	90.11 %	79.48 %
Q4 2015	85.63 %	88.72 %	77.92 %
2015	85.63 %	88.72 %	77.92 %
Q1 2016	77.84 %	79.89 %	70.69 %
Q2 2016	69.37 %	70.49 %	62.42 %
Q3 2016	62.53 %	63.90 %	55.53 %
Q4 2016	56.66 %	57.94 %	49.87 %
2016	56.66 %	57.94 %	49.87 %
Q1 2017	56.61 %	58.28 %	50.04 %
Q2 2017	55.39 %	57.41 %	49.52 %
Q3 2017	55.88 %	57.25 %	50.53 %
Q4 2017	54.81 %	55.92 %	46.84 %
2017	54.81 %	55.92 %	46.84 %
Q1 2018	54.50 %	55.75 %	46.47 %
Q2 2018	54.95 %	56.08 %	42.29 %
Q3 2018	56.15 %	57.46 %	43.53 %
Q4 2018	61.79 %	63.18 %	51.65 %
2018	61.80 %	63.19 %	51.54 %
Q1 2019	61.71 %	62.97 %	51.27 %
Q2 2019	61.59 %	63.03 %	54.81 %
Q3 2019	61.65 %	63.11 %	54.63 %
Q4 2019	58.61 %	60.49 %	46.47 %
2019	58.61 %	60.49 %	46.47 %
Q1 2020	59.23 %	60.23 %	46.21 %
Q2 2020	50.75 %	52.34 %	33.22 %
Q3 2020	32.69 %	33.17 %	3.43 %
Q4 2020	(0.06 %)	(16.29 %)	(47.70 %)
2020	(0.06 %)	(16.29 %)	(47.70 %)
Q1 2021	(100.38 %)	(136.25 %)	(210.34 %)
Q2 2021	(35.63 %)	(60.57 %)	(110.82 %)
Q3 2021	13.80 %	(5.72 %)	(39.51 %)
Q4 2021	33.59 %	-	2.66 %
2021	33.59 %	24.16 %	2.66 %
Q1 2022	37.14 %	26.91 %	12.27 %
Q2 2022	50.58 %	44.55 %	33.21 %
Q3 2022	54.68 %	48.58 %	37.58 %
Q4 2022	58.05 %	51.14 %	40.17 %
2022	63.76 %	41.69 %	33.72 %
Q1 2023	62.64 %	53.58 %	44.21 %
Q2 2023	66.69 %	55.77 %	47.85 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	86.13 %	89.42 %	78.15 %
2014	85.64 %	90.13 %	78.79 %
2015	85.63 %	88.72 %	77.92 %
2016	56.66 %	57.94 %	49.87 %
2017	54.81 %	55.92 %	46.84 %
2018	61.80 %	63.19 %	51.54 %
2019	58.61 %	60.49 %	46.47 %
2020	(0.06 %)	(16.29 %)	(47.70 %)
2021	33.59 %	24.16 %	2.66 %
2022	63.76 %	41.69 %	33.72 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	82.51 %	89.64 %	75.07 %
Q2 2014	86.61 %	89.04 %	78.88 %
Q3 2014	85.43 %	90.89 %	80.25 %
Q4 2014	87.05 %	90.99 %	80.01 %
Q1 2015	80.16 %	87.34 %	73.43 %
Q2 2015	88.76 %	91.05 %	82.31 %
Q3 2015	84.99 %	89.92 %	79.55 %
Q4 2015	86.18 %	85.24 %	73.47 %
Q1 2016	52.81 %	54.45 %	47.83 %
Q2 2016	63.09 %	62.90 %	56.90 %
Q3 2016	54.75 %	59.38 %	48.66 %
Q4 2016	52.46 %	51.72 %	42.25 %
Q1 2017	52.48 %	56.12 %	48.70 %
Q2 2017	59.63 %	60.43 %	55.60 %
Q3 2017	56.67 %	58.84 %	52.60 %
Q4 2017	46.21 %	43.71 %	21.45 %
Q1 2018	50.39 %	55.22 %	46.94 %
Q2 2018	62.11 %	62.43 %	43.91 %
Q3 2018	61.01 %	63.83 %	57.38 %
Q4 2018	69.94 %	68.77 %	57.69 %
Q1 2019	49.52 %	53.71 %	44.55 %
Q2 2019	61.70 %	62.63 %	56.08 %
Q3 2019	61.19 %	64.24 %	56.95 %
Q4 2019	59.32 %	58.93 %	20.78 %
Q1 2020	52.49 %	52.30 %	43.20 %
Q2 2020	(355.82 %)	(323.75 %)	(434.62 %)
Q3 2020	(471.59 %)	(478.99 %)	(643.68 %)
Q4 2020	(38.87 %)	(153.72 %)	(240.56 %)
Q1 2021	(12.66 %)	(8.12 %)	(45.05 %)
Q2 2021	9.67 %	11.99 %	(11.48 %)
Q3 2021	52.67 %	44.05 %	26.34 %
Q4 2021	51.11 %	-	11.67 %
Q1 2022	26.38 %	31.71 %	15.86 %
Q2 2022	58.89 %	60.29 %	50.51 %
Q3 2022	63.41 %	56.29 %	43.81 %
Q4 2022	65.66 %	43.32 %	34.81 %
Q1 2023	63.21 %	52.86 %	46.10 %
Q2 2023	71.75 %	64.63 %	59.19 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	164.82	1.94	1.94	44.54
Q2 2014	164.82	1.85	1.85	42.94
Q3 2014	164.82	1.90	1.90	43.19
Q4 2014	164.82	1.98	1.98	53.81
Q1 2015	164.82	1.95	1.95	58.21
Q2 2015	164.82	2.00	2.00	53.87
Q3 2015	164.82	1.99	1.99	45.37
Q4 2015	164.82	1.88	1.88	39.55
Q1 2016	164.82	1.91	1.91	49.59
Q2 2016	164.82	1.95	1.95	48.48
Q3 2016	164.82	1.90	1.90	47.44
Q4 2016	164.82	1.81	1.81	52.66
Q1 2017	164.82	1.81	1.81	51.59
Q2 2017	164.82	1.77	1.77	50.87
Q3 2017	164.82	1.79	1.79	47.87
Q4 2017	164.82	1.60	1.60	46.28
Q1 2018	164.82	1.54	1.54	39.74
Q2 2018	164.82	1.32	1.32	35.50
Q3 2018	164.82	1.35	1.35	33.20
Q4 2018	164.82	1.72	1.72	30.46
Q1 2019	164.82	1.73	1.70	30.14
Q2 2019	164.82	1.83	1.78	26.79
Q3 2019	164.82	1.78	1.73	25.78
Q4 2019	164.82	1.43	1.35	26.07
Q1 2020	164.82	1.39	1.33	23.75
Q2 2020	164.82	0.71	0.67	22.88
Q3 2020	164.82	0.08	0.04	30.08
Q4 2020	164.82	(0.36)	(0.36)	27.08
Q1 2021	164.82	(0.67)	(0.67)	26.10
Q2 2021	164.82	(0.54)	(0.54)	29.43
Q3 2021	164.82	(0.29)	(0.29)	28.25
Q4 2021	164.82	0.03	0.03	26.15
Q1 2022	164.82	0.14	0.14	24.01
Q2 2022	164.82	0.61	0.61	26.12
Q3 2022	164.82	0.89	0.89	22.42
Q4 2022	164.82	1.11	1.11	20.39
Q1 2023	164.82	1.45	1.45	22.74
Q2 2023	164.82	1.74	1.74	25.92

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	164.82	1.97	1.97	36.13
2014	164.82	1.98	1.98	53.81
2015	164.82	1.88	1.88	39.55
2016	164.82	1.81	1.81	52.66
2017	164.82	1.60	1.60	46.28
2018	164.82	1.72	1.72	30.46
2019	164.82	1.43	1.35	26.07
2020	164.82	(0.36)	(0.36)	27.08
2021	164.82	0.03	0.03	26.15
2022	164.82	0.94	0.94	20.39

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	44.29	44.29	1.93
Q2 2014	42.66	42.66	1.84
Q3 2014	44.52	44.52	1.95
Q4 2014	39.64	39.64	1.46
Q1 2015	52.43	52.43	1.75
Q2 2015	45.24	45.24	1.68
Q3 2015	37.47	37.47	1.64
Q4 2015	49.34	49.34	2.35
Q1 2016	43.78	43.78	1.68
Q2 2016	45.79	45.79	1.84
Q3 2016	46.87	46.87	1.88
Q4 2016	50.04	50.04	1.72
Q1 2017	58.24	58.24	2.04
Q2 2017	56.75	56.75	1.97
Q3 2017	47.97	47.97	1.79
Q4 2017	47.29	47.29	1.64
Q1 2018	49.72	49.72	1.93
Q2 2018	59.23	59.23	2.21
Q3 2018	60.78	60.78	2.47
Q4 2018	45.93	45.93	2.59
Q1 2019	42.86	43.63	2.46
Q2 2019	43.71	44.90	2.99
Q3 2019	40.95	42.10	2.82
Q4 2019	53.33	56.76	2.93
Q1 2020	41.92	43.69	2.45
Q2 2020	83.48	88.25	2.58
Q3 2020	More than 100	More than 100	2.18
Q4 2020	NEG	NEG	2.36
Q1 2021	NEG	NEG	2.42
Q2 2021	NEG	NEG	2.38
Q3 2021	NEG	NEG	2.58
Q4 2021	More than 100	More than 100	2.88
Q1 2022	More than 100	More than 100	3.59
Q2 2022	More than 100	More than 100	2.75
Q3 2022	71.06	71.06	2.83
Q4 2022	55.47	55.47	3.01
Q1 2023	48.46	48.46	3.08
Q2 2023	42.24	42.24	2.84

Period	P/E	Adjusted P/E	Price/book
2013	32.80	32.80	1.79
2014	39.66	39.66	1.46
2015	49.34	49.34	2.35
2016	50.04	50.04	1.72
2017	47.29	47.29	1.64
2018	46.04	46.04	2.59
2019	53.33	56.76	2.93
2020	NEG	NEG	2.36
2021	More than 100	More than 100	2.88
2022	65.04	65.04	3.01

Business Segments (Million)

Compared With The

Period	Hilton hotel and Towers	Commercial center	Hajj and Umrah sector	Others	Makkah Hilton hotel	Makkah Hilton Towers
Q1 2014	-	36.14	-	0.74	17.25	24.45
Q2 2014	-	37.70	-	0.74	34.83	49.53
Q3 2014	-	35.69	-	1.14	29.26	39.46
Q4 2014	-	38.49	-	0.34	32.25	36.90
Q1 2015	-	36.28	-	0.44	14.29	20.54
Q2 2015	-	36.50	-	0.94	42.35	49.67
Q3 2015	-	35.96	-	1.26	28.04	38.69
Q4 2015	-	37.50	-	0.27	24.86	31.08
Q1 2016	80.49	36.47	-	0.53	-	-
Q2 2016	162.24	36.85	-	0.83	-	-
Q3 2016	114.37	36.61	-	1.47	-	-
Q4 2016	91.92	36.62	-	0.30	-	-
Q1 2017	76.72	37.47	-	0.90	-	-
Q2 2017	151.22	39.22	-	0.91	-	-
Q3 2017	109.48	37.62	-	1.66	-	-
Q4 2017	70.38	37.49	-	0.30	-	-
Q1 2018	62.03	36.30	-	0.93	-	-
Q2 2018	120.76	37.77	-	1.05	-	-
Q3 2018	104.72	37.21	-	1.78	-	-
Q4 2018	104.39	41.31	-	0.42	-	-
Q1 2019	56.89	37.54	-	1.39	-	-
Q2 2019	115.00	33.98	-	1.13	-	-
Q3 2019	93.19	34.25	-	2.16	-	-
Q4 2019	52.97	48.47	-	0.37	-	-
Q1 2020	53.97	39.21	-	1.21	-	-
Q2 2020	0.52	5.36	-	-	-	-
Q3 2020	0.44	4.11	-	-	-	-
Q4 2020	4.45	13.87	-	0.30	-	-
Q1 2021	4.90	18.31	-	0.10	-	-
Q1 2022	28.38	26.87	-	-	-	-
Q4 2022	78.81	40.35	-	1.39	-	-
Q1 2023	96.02	43.99	1.28	(0.87)	-	-
Q2 2023	154.46	47.51	-	5.54	-	-

Period	Hilton hotel and Towers	Commercial center	Hajj and Umrah sector	Others	Makkah Hilton hotel	Makkah Hilton Towers
2013	-	144.32	-	2.42	116.20	151.77
2014	-	148.02	-	2.96	113.59	150.32
2015	-	146.24	-	2.92	109.53	139.98
2016	449.03	146.55	-	3.13	-	-
2017	407.79	151.79	-	3.77	-	-
2018	391.91	152.59	-	4.17	-	-
2019	318.05	154.23	-	5.06	-	-
2020	59.38	62.55	-	1.51	-	-
2021	53.42	106.12	-	0.10	-	-
2022	291.53	167.57	-	2.25	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	18,822.01
Enterprise Value (EV) (M)	18,771.38
Shares Outstanding ((M))	164.82
EPS ( Riyal) (TTM)	2.28
Book Value (BV) ( Riyal)	26.77
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	4.27
Return on Average Assets (%) (TTM)	7.8
Return on Average Equity (%) (TTM)	8.8

Makkah Construction and Development Co. (MCDC)

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Makkah Construction profit rises to SAR 187.6 mln in H1 2023; Q2 at SAR 122.8 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)

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

Share Price

Makkah Construction and Development Co. (MCDC)

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Makkah Construction profit rises to SAR 187.6 mln in H1 2023; Q2 at SAR 122.8 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) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

Share Price

Makkah Construction and Development Co. (MCDC)

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Business Segments (Million)