SASCO net profit rises 18% to SAR 35.5 mln in 9M 2021

27/10/2021 Argaam Exclusive

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Saudi Automotive Services Co. (SASCO) reported a net profit after Zakat and tax of SAR 35.5 million in the first nine months of 2021, an increase of 18% from SAR 30 million in the year-earlier period.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 1,525.27 2,847.23 86.7 %
Gross Income 116.00 109.00 (6.0 %)
Operating Income 84.75 73.65 (13.1 %)
Net Income 30.01 35.50 18.3 %
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyals) 0.79 0.51 (35.5 %)
EPS (Riyals) 0.43 0.51 18.3 %


Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 586.83 1,140.82 94.4 %
Gross Income 39.68 36.41 (8.2 %)
Operating Income 28.34 23.55 (16.9 %)
Net Income 17.45 11.40 (34.6 %)
Average Shares 70.00 70.00 -
Earnings Per Share before unusual items (Riyals) 0.24 0.16 (33.2 %)
EPS (Riyals) 0.25 0.16 (34.6 %)

The company reported a net profit after Zakat and tax of SAR 11.4 million for Q3 2021, a decline of 35% year-on-year (YoY).

 

On a sequential basis, Q3 net profit fell 5.6%.

 

Total shareholders’ equity, excluding minority interests, edged down 1.3% YoY to SAR 811.31 million as of Sept. 30, 2021.

 

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Share Price

Saudi Automotive Services Co.
63.90
0.90 1.43 %

Saudi Automotive Services Co. (SASCO)

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Financial Ratios
Current
Market Cap (M Riyal) 4,473.00
Enterprise Value (EV) (M) 6,086.03
Shares Outstanding ((M)) 70.00
EPS ( Riyal) (TTM) 0.63
Book Value (BV) ( Riyal) 12.14
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 5.27
Return on Average Assets (%) (TTM) 0.7
Return on Average Equity (%) (TTM) 1.3
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