Al Naqool 2021 net profit up 42% to SAR 9.2 mln

31/03/2022 Argaam Exclusive

Mohammed Hasan Al Naqool Sons Co., which was listed on Nomu–Parallel Market in June, reported a net profit after Zakat and Tax of SAR 9.2 million in 2021, a 42% increase compared to SAR 6.5 million the year before.



Financials (M)

Item 2020 2021 Change‬
Revenues 44.84 53.32 18.9 %
Gross Income 10.21 11.01 7.9 %
Operating Income 6.58 8.16 23.9 %
Net Income 6.48 9.20 42.1 %
Average Shares 2.90 2.90 -
EPS (Riyals) 2.23 3.17 42.1 %

The company attributed the rise in net profit to an 18.9% increase in revenues and a 4.4% drop in operating costs, along with a 9.2% decrease in administrative expenses in 2021. Al Naqool also logged SAR 1.2 million in net profit as a result of its investment in the Graphene Venture Fund.



Current Half Annual Comparison (M)

Compared With The
Item H2 2020 H2 2021 Change‬
Revenues 26.03 30.08 15.5 %
Gross Income 7.39 4.97 (32.7 %)
Operating Income 5.02 4.00 (20.2 %)
Net Income 4.96 5.16 4.1 %
Average Shares 2.90 2.90 -
EPS (Riyals) 1.71 1.78 4.1 %

Shareholders’ equity, excluding minority interest, stood at SAR 50.229 million as of Dec. 31, 2021, compared to SAR 41.023 million a year earlier.

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Share Price

Mohammed Hasan AlNaqool Sons Co.
35.45
(0.75) (2.07 %)

Mohammed Hasan AlNaqool Sons Co. (ALNAQOOL)

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Financial Ratios
Current
Market Cap (M Riyal) 102.81
Enterprise Value (EV) (M) 120.43
Shares Outstanding ((M)) 2.90
Book Value (BV) ( Riyal) 17.30
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
Price/book 2.05
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