Ladun Investment records net profit of SAR 30 mln in H1 2022

07/09/2022 Argaam Exclusive

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Ladun Investment Company
6.63
(0.03) (0.45 %)

Ladun Investment Company (LADUN)

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Ladun Investment Co. reported to a 59.2% drop in H1 2022 net profit after Zakat and tax to SAR 30 million, from SAR 73.5 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 402.40 513.89 27.7 %
Gross Income 35.86 81.88 128.3 %
Operating Income 10.48 43.16 311.8 %
Net Income 73.49 30.01 (59.2 %)
Average Shares 500.00 500.00 -
EPS (Riyals) 0.15 0.06 (59.2 %)

The company said that last year’s results included non-recurring profit of SAR 57.58 million from the sale of a subsidiary.

 

Adjusting for the impact of non-recurring profit, Ladun’s net profit from recurring operations would grow by 89% year-on-year (YoY) or SAR 14.10 million.  

 

 

The first-half net profit reached SAR 30.012 million, compared to SAR 15.906 million from continued operations in H1 2021, excluding non-recurring profit from the sale of a subsidiary.

 

Ladun reported improved performance from core operations during the six-month period, backed by better revenue from the launch of new projects with strong profit margins, the improved execution of ongoing projects, the operating efficiency from cost management and the commencement of commercial production at some factories.



Shareholders’ equity, after minority interest, rose to SAR 544.16 million as of June 30, 2022, from SAR 539.38 million a year earlier.

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Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 - - - - - - -
Q2 2020 - - - - - - -
Q3 2020 176.73 - 24.28 - 4.81 - 0.01
Q4 2020 174.27 - 53.30 - 23.03 - 0.05
Q1 2021 - - - - - - -
Q2 2021 - - - - - - -
Q3 2021 124.30 (29.7 %) 17.67 (27.2 %) (3.61) (175.0 %) (0.01)
Q4 2021 243.12 39.5 % 49.32 (7.5 %) 10.92 (52.6 %) 0.02
Q1 2022 - - - - - - -
Q2 2022 - - - - - - -

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 13.74 % 12.16 % 2.72 %
Q4 2020 22.10 % 19.37 % 7.93 %
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 20.04 % 16.04 % 5.10 %
Q4 2021 20.12 % 14.56 % 4.89 %
Q1 2022 - - -
Q2 2022 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 - - - -
Q2 2020 - - - -
Q3 2020 500.00 0.01 0.01 0.84
Q4 2020 500.00 0.06 0.06 0.89
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 500.00 0.05 0.05 1.02
Q4 2021 500.00 0.07 0.07 1.03
Q1 2022 - - - -
Q2 2022 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -

Business Segments (Million)

Compared With The
Period Real estate investment Construction sector Industrial development services segment Restaurants
Q3 2020 45.78 58.83 - 42.84 29.28
Q3 2021 62.16 33.30 - 28.86 -


Financial Ratios
Current
Market Cap (M Riyal) 3,315.00
Enterprise Value (EV) (M) 4,232.32
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 1.19
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 27.38
Price/book 5.57
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