Rawasi Al-Bina Investment Co., which is expected to be listed on Nomu-Parallel Market shortly - reported a 4% decline in net profit to SAR 17.5 million for 2021, compared to SAR 18.3 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 91.42 | 95.53 | 4.5 % |
| Gross Income | 28.20 | 30.01 | 6.4 % |
| Operating Income | 23.72 | 23.97 | 1.1 % |
| Net Income | 18.26 | 17.48 | (4.2 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.33 | 0.32 | (4.2 %) |
The profit decline was triggered by a 4% rise year-on-year (YoY) in cost of revenue and a 70% increase YoY in employee expenses, despite 5% YoY revenue growth.
Shareholders’ equity, excluding minority interest, stood at SAR 93.03 million by the end of 2021, compared to SAR 75.50 million a year earlier.
The company has two key sources of revenue: power projects that constituted 70.9% of 2021 revenue, versus 59.1% in 2020, and the installation and commissioning of all ranges of telecom equipment that accounted for 29.1% of 2021 revenue, compared to 40.9% in 2020.
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2021 | 21.80 | - | 6.28 | - | 4.41 | - | 0.08 |
| Q2 2021 | 23.65 | - | 8.04 | - | 5.66 | - | 0.10 |
| Q3 2021 | - | - | - | - | - | - | - |
| Q4 2021 | - | - | - | - | - | - | - |
| 2021 | 95.53 | 4.5 % | 30.01 | 6.4 % | 17.48 | (4.2 %) | 0.32 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2021 | 28.79 % | - | 20.24 % |
| Q2 2021 | 31.50 % | - | 22.17 % |
| Q3 2021 | - | - | - |
| Q4 2021 | - | - | - |
| 2021 | 31.41 % | 29.46 % | 18.30 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2021 | 55.00 | 0.08 | 0.08 | - |
| Q2 2021 | 55.00 | 0.18 | 0.18 | 1.56 |
| Q3 2021 | - | - | - | - |
| Q4 2021 | - | - | - | - |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2021 | - | - | - |
| Q2 2021 | - | - | - |
| Q3 2021 | - | - | - |
| Q4 2021 | - | - | - |
2021
| Period | Electricity installation and connection service | Communications installation and connection services | Selling shutters and communications supplies |
|---|
| Current | |
| Market Cap (M Riyal) | 299.75 |
| Enterprise Value (EV) (M) | 339.46 |
| Shares Outstanding ((M)) | 55.00 |
| Book Value (BV) ( Riyal) | 2.50 |
| Par Value ( Riyal) | 1.00 |
| Adjusted P/E (Last12) | 13.21 |
| Price/book | 2.18 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}