Batic profit up 59% to SAR 850,000 in H1 2024; Q2 loss at SAR 746,000

Batic profit up 59% to SAR 850,000 in H1 2024; Q2 loss at SAR 746,000

06/08/2024 Argaam Exclusive

View other reports

Batic Investments and Logistics Co. posted SAR 850,000 net profit in H1 2024, a rise of 59% from SAR 536,000 in the same period a year ago.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 231.57 247.50 6.9 %
Gross Income 34.16 32.05 (6.2 %)
Operating Income 5.58 9.98 78.9 %
Net Income 0.54 0.85 58.5 %
Average Shares 600.00 600.00 -
EPS (Riyals) 0.00 0.00 58.5 %

The rise in revenues was driven by a 50% increase in the income of the land transport segment, a 34% rise in the revenues of the real estate segment and a 28% jump in the revenues of the smart parking segment.

 

The company swung to a net loss of SAR 746,000 in Q2 2024, against a net profit of SAR 480,424 in Q2 2023.

 

Sequentially, Batic turned to a net loss against a net profit of SAR 1.6 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 117.37 123.20 5.0 %
Gross Income 18.38 17.03 (7.3 %)
Operating Income 3.56 5.82 63.4 %
Net Income 0.48 (0.75) (255.3 %)
Average Shares 600.00 600.00 -
EPS (Riyals) 0.00 0.00 (255.3 %)

Shareholders' equity, after minority interest, fell to SAR 456.98 million as of June 30, 2024, compared to SAR 462.478 million a year ago.

 

Attached Documents:

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2015 14.05 3.4 % 0.64 (60.2 %) (2.23) (229.4 %)
Q2 2015 116.03 271.4 % 38.83 149.3 % 31.83 143.4 %
Q3 2015 125.73 139.6 % 26.23 (10.8 %) 19.06 (26.7 %)
Q4 2015 118.31 760.0 % 21.28 6426.1 % 14.31 593.2 %
Q1 2016 112.82 703.2 % 22.43 3426.4 % 12.33 652.3 %
Q2 2016 109.49 (5.6 %) 18.52 (52.3 %) 8.71 (72.6 %)
Q3 2016 109.76 (12.7 %) 18.52 (29.4 %) 8.85 (53.6 %)
Q4 2016 110.03 (7.0 %) 17.82 (16.3 %) (2.35) (116.4 %)
Q1 2017 116.12 2.9 % 24.19 7.8 % 14.21 15.2 %
Q2 2017 121.08 10.6 % 26.85 45.0 % 17.53 101.2 %
Q3 2017 125.97 14.8 % 27.84 50.3 % 16.91 91.0 %
Q4 2017 122.84 11.6 % 32.45 82.2 % 17.09 828.7 %
Q1 2018 127.45 9.8 % 18.30 (24.3 %) 6.21 (56.3 %)
Q2 2018 128.12 5.8 % 19.83 (26.2 %) 5.82 (66.8 %)
Q3 2018 127.58 1.3 % 20.26 (27.2 %) 7.92 (53.1 %)
Q4 2018 124.48 1.3 % 19.18 (40.9 %) 7.14 (58.2 %)
Q1 2019 114.09 (10.5 %) 17.23 (5.8 %) 4.66 (25.1 %)
Q2 2019 117.78 (8.1 %) 16.15 (18.5 %) 5.06 (13.0 %)
Q3 2019 115.72 (9.3 %) 14.65 (27.7 %) 5.18 (34.6 %)
Q4 2019 116.36 (6.5 %) 12.44 (35.2 %) 1.35 (81.1 %)
Q1 2020 105.67 (7.4 %) 14.36 (16.7 %) (2.61) (156.0 %)
Q2 2020 98.05 (16.8 %) 4.97 (69.2 %) (6.79) (234.2 %)
Q3 2020 190.75 64.8 % 31.04 112.0 % 19.35 273.3 %
Q4 2020 122.50 5.3 % 10.02 (19.5 %) (12.00) (991.6 %)
Q1 2021 123.64 17.0 % 9.40 (34.6 %) (2.45) 6.1 %
Q2 2021 113.09 15.3 % 10.23 105.7 % 2.70 139.7 %
Q3 2021 119.18 (37.5 %) 12.82 (58.7 %) 3.00 (84.5 %)
Q4 2021 118.92 (2.9 %) 15.96 59.3 % (4.59) 61.8 %
Q1 2022 109.66 (11.3 %) 11.61 23.5 % (0.29) 88.0 %
Q2 2022 100.27 (11.3 %) 8.44 (17.5 %) (6.44) (339.0 %)
Q3 2022 104.69 (12.2 %) 7.38 (42.5 %) (9.04) (401.3 %)
Q4 2022 113.23 (4.8 %) 16.13 1.1 % (3.43) 25.2 %
Q1 2023 114.20 4.1 % 15.78 36.0 % 2.02 788.5 %
Q2 2023 117.37 17.1 % 18.38 117.8 % 3.56 155.3 %
Q3 2023 122.68 17.2 % 12.50 69.4 % (3.57) 60.5 %
Q4 2023 126.32 11.6 % 10.77 (33.2 %) (7.06) (105.9 %)
Q1 2024 124.30 8.8 % 15.01 (4.9 %) 4.16 106.3 %
Q2 2024 123.20 5.0 % 17.03 (7.3 %) 5.82 63.4 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 0.40 (70.7 %) 0.00 - 0.40 0.00
Q2 2015 20.29 56.4 % 0.03 (16.01) 36.30 0.06
Q3 2015 18.01 (45.0 %) 0.03 - 18.01 0.03
Q4 2015 12.61 505.6 % 0.02 4.78 7.84 0.01
Q1 2016 15.33 3704.0 % 0.03 4.90 10.43 0.02
Q2 2016 10.73 (47.1 %) 0.02 3.60 7.13 0.01
Q3 2016 7.33 (59.3 %) 0.01 - 7.33 0.01
Q4 2016 (16.56) (231.3 %) (0.03) (12.87) (3.69) (0.01)
Q1 2017 9.29 (39.4 %) 0.02 (1.79) 11.08 0.02
Q2 2017 16.05 49.6 % 0.03 - 16.05 0.03
Q3 2017 14.82 102.1 % 0.03 - 14.82 0.03
Q4 2017 12.42 175.0 % 0.02 0.18 12.24 0.02
Q1 2018 3.95 (57.5 %) 0.01 - 3.95 0.01
Q2 2018 1.94 (87.9 %) 0.00 - 1.94 0.00
Q3 2018 3.73 (74.8 %) 0.01 - 3.73 0.01
Q4 2018 4.57 (63.2 %) 0.01 (1.05) 5.62 0.01
Q1 2019 1.94 (50.9 %) 0.00 - 1.94 0.00
Q2 2019 1.80 (7.3 %) 0.00 - 1.80 0.00
Q3 2019 2.07 (44.6 %) 0.00 - 2.07 0.00
Q4 2019 1.10 (75.9 %) 0.00 - 1.10 0.00
Q1 2020 (3.11) (260.7 %) (0.01) - (3.11) (0.01)
Q2 2020 (7.20) (500.6 %) (0.01) - (7.20) (0.01)
Q3 2020 9.16 343.8 % 0.02 - 9.16 0.02
Q4 2020 (10.47) (1051.0 %) (0.02) - (10.47) (0.02)
Q1 2021 (3.23) (3.6 %) (0.01) - (3.23) (0.01)
Q2 2021 3.36 146.6 % 0.01 - 3.36 0.01
Q3 2021 0.47 (94.9 %) 0.00 - 0.47 0.00
Q4 2021 (10.25) 2.1 % (0.02) - (10.25) (0.02)
Q1 2022 0.84 126.1 % 0.00 - 0.84 0.00
Q2 2022 (12.72) (479.1 %) (0.02) - (12.72) (0.02)
Q3 2022 (12.79) (2827.5 %) (0.02) - (12.79) (0.02)
Q4 2022 (6.16) 39.9 % (0.01) 2.96 (9.12) (0.02)
Q1 2023 0.06 (93.4 %) 0.00 1.79 (1.74) 0.00
Q2 2023 0.48 103.8 % 0.00 - 0.48 0.00
Q3 2023 (6.62) 48.2 % (0.01) - (6.62) (0.01)
Q4 2023 (7.80) (26.6 %) (0.01) - (7.80) (0.01)
Q1 2024 1.60 2764.8 % 0.00 - 1.60 0.00
Q2 2024 (0.75) (255.3 %) 0.00 - (0.75) 0.00

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2015 41.19 % 42.65 % 24.44 %
Q2 2015 35.24 % 35.90 % 25.76 %
Q3 2015 24.49 % 25.51 % 13.29 %
Q4 2015 23.25 % 24.39 % 16.72 %
Q1 2016 23.00 % 23.01 % 15.35 %
Q2 2016 18.97 % 18.22 % 9.31 %
Q3 2016 17.93 % 16.18 % 7.27 %
Q4 2016 17.48 % 12.29 % 4.79 %
Q1 2017 17.75 % 12.55 % 4.90 %
Q2 2017 19.12 % 14.19 % 6.73 %
Q3 2017 20.43 % 15.48 % 8.08 %
Q4 2017 22.91 % 19.15 % 11.15 %
Q1 2018 21.20 % 17.30 % 9.46 %
Q2 2018 19.51 % 14.82 % 6.53 %
Q3 2018 17.95 % 13.08 % 4.32 %
Q4 2018 15.28 % 11.13 % 3.00 %
Q1 2019 15.48 % 11.13 % 2.68 %
Q2 2019 15.05 % 11.31 % 2.70 %
Q3 2019 14.24 % 11.10 % 2.42 %
Q4 2019 13.03 % 10.12 % 1.49 %
Q1 2020 12.64 % 8.71 % 0.41 %
Q2 2020 10.65 % 6.30 % (1.64 %)
Q3 2020 12.30 % 8.08 % (0.01 %)
Q4 2020 11.68 % 5.98 % (2.25 %)
Q1 2021 10.36 % 6.22 % (2.19 %)
Q2 2021 11.03 % 8.20 % (0.21 %)
Q3 2021 8.88 % 6.75 % (2.06 %)
Q4 2021 10.20 % 8.88 % (2.03 %)
Q1 2022 10.98 % 9.93 % (1.21 %)
Q2 2022 10.90 % 8.88 % (4.84 %)
Q3 2022 10.01 % 6.94 % (8.06 %)
Q4 2022 10.18 % 7.62 % (7.90 %)
Q1 2023 11.04 % 8.88 % (8.41 %)
Q2 2023 12.83 % 11.35 % (5.16 %)
Q3 2023 13.43 % 12.49 % (3.64 %)
Q4 2023 11.95 % 11.74 % (3.26 %)
Q1 2024 11.55 % 12.52 % (2.52 %)
Q2 2024 11.14 % 13.47 % (2.73 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2015 584.96 0.07 0.05 0.42
Q2 2015 584.96 0.09 0.09 0.45
Q3 2015 584.96 0.06 0.06 0.46
Q4 2015 584.96 0.09 0.11 0.48
Q1 2016 584.96 0.11 0.12 0.50
Q2 2016 584.96 0.10 0.07 0.52
Q3 2016 584.96 0.08 0.06 0.52
Q4 2016 584.96 0.03 0.04 0.52
Q1 2017 584.96 0.02 0.04 0.54
Q2 2017 584.96 0.03 0.05 0.56
Q3 2017 584.96 0.04 0.07 0.58
Q4 2017 584.96 0.09 0.09 0.60
Q1 2018 584.96 0.08 0.08 0.61
Q2 2018 584.96 0.06 0.06 0.61
Q3 2018 584.96 0.04 0.04 0.62
Q4 2018 584.96 0.02 0.03 0.63
Q1 2019 584.96 0.02 0.02 0.64
Q2 2019 584.96 0.02 0.02 0.64
Q3 2019 584.96 0.02 0.02 0.64
Q4 2019 584.96 0.01 0.01 0.64
Q1 2020 584.96 0.00 0.00 0.63
Q2 2020 584.96 (0.01) (0.01) 0.62
Q3 2020 584.96 0.00 0.00 0.64
Q4 2020 584.96 (0.02) (0.02) 0.61
Q1 2021 584.96 (0.02) (0.02) 0.61
Q2 2021 584.96 0.00 0.00 0.61
Q3 2021 584.96 (0.02) (0.02) 0.61
Q4 2021 584.96 (0.02) (0.02) 0.39
Q1 2022 600.00 (0.01) (0.01) 0.87
Q2 2022 600.00 (0.04) (0.04) 0.81
Q3 2022 600.00 (0.06) (0.06) 0.79
Q4 2022 600.00 (0.05) (0.06) 0.78
Q1 2023 600.00 (0.05) (0.06) 0.77
Q2 2023 600.00 (0.03) (0.04) 0.77
Q3 2023 600.00 (0.02) (0.03) 0.76
Q4 2023 600.00 (0.02) (0.03) 0.76
Q1 2024 600.00 (0.02) (0.02) 0.76
Q2 2024 600.00 (0.02) (0.02) 0.76

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 21.83 34.47 3.80
Q2 2015 32.11 31.97 6.19
Q3 2015 34.52 34.30 4.55
Q4 2015 31.17 25.57 5.72
Q1 2016 17.15 15.65 3.90
Q2 2016 20.65 26.96 3.86
Q3 2016 20.91 29.39 3.15
Q4 2016 More than 100 85.16 5.88
Q1 2017 More than 100 77.64 5.41
Q2 2017 More than 100 52.41 4.95
Q3 2017 79.70 49.16 5.52
Q4 2017 32.43 31.47 4.83
Q1 2018 36.59 36.73 4.84
Q2 2018 47.84 48.10 4.41
Q3 2018 61.64 62.14 3.75
Q4 2018 More than 100 94.07 3.86
Q1 2019 More than 100 More than 100 3.84
Q2 2019 More than 100 97.87 3.42
Q3 2019 More than 100 More than 100 3.26
Q4 2019 More than 100 More than 100 2.94
Q1 2020 More than 100 More than 100 2.18
Q2 2020 NEG NEG 2.39
Q3 2020 NEG NEG 3.31
Q4 2020 NEG NEG 3.66
Q1 2021 NEG NEG 4.06
Q2 2021 NEG NEG 4.26
Q3 2021 NEG NEG 4.65
Q4 2021 NEG NEG 6.52
Q1 2022 NEG NEG 2.62
Q2 2022 NEG NEG 3.03
Q3 2022 NEG NEG 3.06
Q4 2022 NEG NEG 3.05
Q1 2023 NEG NEG 3.08
Q2 2023 NEG NEG 3.19
Q3 2023 NEG NEG 2.81
Q4 2023 NEG NEG 2.79
Q1 2024 NEG NEG 3.11
Q2 2024 NEG NEG 4.21

Business Segments (Million)

Compared With The
Period Security guard sector Transport sector ATM feeding sector Facility Management Sector Smart Parks Insured money transfer sector Real Estate department Supply of Medical Equipment communication and information technology Home Medical Services and Physiotherapy Counting and postal sector Other activities
Q1 2016 34.70 15.27 40.71 - - 18.94 - - - - 3.20 -
Q2 2016 30.97 19.52 39.87 - - 16.99 - - - - 2.15 -
Q3 2016 30.88 15.61 42.31 - - 18.77 - - - - 2.20 -
Q4 2016 29.85 12.83 46.67 - - 18.47 - - - - 2.21 -
Q1 2017 32.94 13.37 47.70 - - 19.14 - - - - 2.97 -
Q2 2017 33.27 14.66 49.49 - - 20.50 - - - - 3.16 -
Q3 2017 38.44 13.58 50.65 0.47 - 19.80 - - - - 3.02 -
Q4 2017 40.07 13.57 47.96 0.47 - 17.80 - - - - 2.97 -
Q1 2018 48.31 12.38 47.36 0.38 - 19.01 - - - - - -
Q2 2018 49.30 13.62 42.31 0.41 - 22.48 - - - - - -
Q3 2018 52.07 15.53 40.78 0.76 - 18.44 - - - - - -
Q4 2018 53.79 15.70 37.60 0.68 - 16.71 - - - - - -
Q1 2019 50.00 14.89 32.43 0.64 - 15.76 0.36 - - - - -
Q2 2019 51.71 17.47 30.76 0.89 - 16.54 0.39 - - - - -
Q3 2019 50.16 17.28 30.10 1.55 - 16.25 0.41 - - - - -
Q4 2019 57.24 15.80 26.59 0.76 - 15.54 2.30 - - - - (1.87)
Q1 2020 42.66 15.45 32.27 1.57 - 14.19 0.88 - - - - (1.34)
Q2 2020 35.70 17.07 32.49 (0.49) - 11.89 0.01 - - - - -
Q3 2020 41.58 16.63 31.44 1.12 - 13.80 0.42 85.76 - - - -
Q4 2020 40.31 16.83 33.24 5.16 19.88 14.60 2.39 (3.40) - - - (6.52)
Q1 2021 41.24 17.28 33.65 3.44 15.66 14.01 0.98 - - - - (2.62)
Q2 2021 39.50 18.23 32.04 4.39 6.30 14.61 0.98 - - - - (3.63)
Q3 2021 39.73 16.18 32.44 5.81 11.03 15.65 0.98 - - 0.46 - (3.09)
Q4 2021 38.59 16.41 32.09 9.17 8.13 14.26 1.01 - - 0.41 - (1.15)
Q1 2022 32.92 19.33 27.36 8.88 11.60 11.40 0.97 - - 0.43 - (3.23)
Q2 2022 23.40 23.28 20.42 10.16 12.84 9.99 0.97 - - 0.28 - (1.43)
Q3 2022 25.36 22.73 18.40 11.03 16.07 11.69 0.97 - - 0.21 - (1.78)
Q4 2022 29.35 23.92 19.17 11.15 15.89 11.95 0.97 - 1.22 - - (0.39)
Q1 2023 33.45 25.04 19.61 11.78 13.52 11.78 1.03 - - - - (2.01)
Q2 2023 29.76 27.73 20.37 11.39 16.30 12.68 1.37 - - - - (2.24)
Q3 2023 33.34 28.66 21.02 12.20 15.45 12.65 1.51 - - - - (2.16)
Q4 2023 31.42 31.47 21.72 12.38 17.77 12.28 1.52 - - - - (2.24)
Q1 2024 22.19 39.92 19.19 11.92 18.89 12.49 1.60 - - - - (1.90)
Q2 2024 20.73 39.25 18.88 12.38 19.39 12.66 1.60 - - - - (1.68)


Financial Ratios
Current
Market Cap (M Riyal) 2,226.00
Enterprise Value (EV) (M) 2,295.98
Shares Outstanding ((M)) 600.00
EPS ( Riyal) (TTM) (0.01)
Book Value (BV) ( Riyal) 0.76
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 4.88
Return on Average Assets (%) (TTM) (0.52 )
Return on Average Equity (%) (TTM) (1.69 )
more

Share Price

Batic Investments and Logistics Co.
3.71
0.09 2.49 %

Batic Investments and Logistics Co. (BATIC)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.