Leen Alkhair Trading Co.’s net profit retreated 48% to SAR 12 million in 2023 from SAR 23.2 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 228.57 | 251.34 | 10.0 % |
| Gross Income | 40.83 | 32.16 | (21.2 %) |
| Operating Income | 25.17 | 16.50 | (34.4 %) |
| Net Income | 23.18 | 11.99 | (48.3 %) |
| Average Shares | 7.34 | 8.16 | 11.1 % |
| EPS (Riyals) | 3.16 | 1.47 | (53.4 %) |
The profit decline was driven by an increase in the cost of sales by SAR 31.43 million, resulting in a decrease in gross profit by SAR 8.66 million. The cost of sales was affected by the increase in costs related to targeting new sales outlets, in addition to the fact that purchases of vegetables and fruit accounted for 72% of sales.
Meanwhile, financing costs grew by 2.69 million and amortization of right-of-use expense increased by SAR 1.46 million.
Total shareholders’ equity, no minority interest, reached SAR 146.18 million by Dec. 31, 2023, compared to SAR 107.74 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
91.19 |
14.25 |
3.49 |
|
H2 2021 |
97.37 |
6.21 |
1.52 |
|
H1 2022 |
109.59 |
10.84 |
2.95 |
|
H2 2022 |
118.98 |
12.34 |
3.02 |
|
H1 2023 |
117.72 |
7.98 |
1.95 |
|
H2 2023 |
133.62 |
4.01 |
0.49 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2014 | - | - | - | - | - | - | - |
| Q2 2014 | - | - | - | - | - | - | - |
| Q3 2014 | - | - | - | - | - | - | - |
| Q4 2014 | - | - | - | - | - | - | - |
| 2014 | - | - | - | - | - | - | - |
| Q1 2015 | - | - | - | - | - | - | - |
| Q2 2015 | - | - | - | - | - | - | - |
| Q3 2015 | - | - | - | - | - | - | - |
| Q4 2015 | - | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - | - |
| Q1 2016 | - | - | - | - | - | - | - |
| Q2 2016 | - | - | - | - | - | - | - |
| Q3 2016 | - | - | - | - | - | - | - |
| Q4 2016 | - | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - | - |
| Q1 2017 | - | - | - | - | - | - | - |
| Q2 2017 | - | - | - | - | - | - | - |
| Q3 2017 | - | - | - | - | - | - | - |
| Q4 2017 | - | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - | - |
| Q1 2018 | - | - | - | - | - | - | - |
| Q2 2018 | - | - | - | - | - | - | - |
| Q3 2018 | - | - | - | - | - | - | - |
| Q4 2018 | - | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - | - |
| Q1 2019 | - | - | - | - | - | - | - |
| Q2 2019 | - | - | - | - | - | - | - |
| Q3 2019 | - | - | - | - | - | - | - |
| Q4 2019 | - | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - | - |
| Q1 2020 | - | - | - | - | - | - | - |
| Q2 2020 | - | - | - | - | - | - | - |
| Q3 2020 | - | - | - | - | - | - | - |
| Q4 2020 | - | - | - | - | - | - | - |
| 2020 | 152.49 | - | 22.93 | - | 19.30 | - | 2.63 |
| Q1 2021 | - | - | - | - | - | - | - |
| Q2 2021 | - | - | - | - | - | - | - |
| Q3 2021 | - | - | - | - | - | - | - |
| Q4 2021 | - | - | - | - | - | - | - |
| 2021 | 188.56 | 23.7 % | 32.91 | 43.5 % | 20.46 | 6.0 % | 2.79 |
| Q1 2022 | - | - | - | - | - | - | - |
| Q2 2022 | - | - | - | - | - | - | - |
| Q3 2022 | - | - | - | - | - | - | - |
| Q4 2022 | - | - | - | - | - | - | - |
| 2022 | 228.57 | 21.2 % | 40.83 | 24.1 % | 23.18 | 13.3 % | 3.16 |
| Q1 2023 | - | - | - | - | - | - | - |
| Q2 2023 | - | - | - | - | - | - | - |
| Q3 2023 | - | - | - | - | - | - | - |
| Q4 2023 | - | - | - | - | - | - | - |
| 2023 | 251.34 | 10.0 % | 32.16 | (21.2 %) | 11.99 | (48.3 %) | 1.47 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2014 | - | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - | - |
| 2020 | 152.49 | - | 22.93 | - | 19.30 | - | 2.63 |
| 2021 | 188.56 | 23.7 % | 32.91 | 43.5 % | 20.46 | 6.0 % | 2.79 |
| 2022 | 228.57 | 21.2 % | 40.83 | 24.1 % | 23.18 | 13.3 % | 3.16 |
| 2023 | 251.34 | 10.0 % | 32.16 | (21.2 %) | 11.99 | (48.3 %) | 1.47 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2014 | - | - | - |
| Q2 2014 | - | - | - |
| Q3 2014 | - | - | - |
| Q4 2014 | - | - | - |
| 2014 | - | - | - |
| Q1 2015 | - | - | - |
| Q2 2015 | - | - | - |
| Q3 2015 | - | - | - |
| Q4 2015 | - | - | - |
| 2015 | - | - | - |
| Q1 2016 | - | - | - |
| Q2 2016 | - | - | - |
| Q3 2016 | - | - | - |
| Q4 2016 | - | - | - |
| 2016 | - | - | - |
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | - | - | - |
| 2017 | - | - | - |
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | - | - | - |
| Q4 2018 | - | - | - |
| 2018 | - | - | - |
| Q1 2019 | - | - | - |
| Q2 2019 | - | - | - |
| Q3 2019 | - | - | - |
| Q4 2019 | - | - | - |
| 2019 | - | - | - |
| Q1 2020 | - | - | - |
| Q2 2020 | - | - | - |
| Q3 2020 | - | - | - |
| Q4 2020 | - | - | - |
| 2020 | 15.04 % | 12.96 % | 12.66 % |
| Q1 2021 | - | - | - |
| Q2 2021 | - | - | - |
| Q3 2021 | - | - | - |
| Q4 2021 | - | - | - |
| 2021 | 17.45 % | 12.96 % | 13.50 % |
| Q1 2022 | - | - | - |
| Q2 2022 | - | - | - |
| Q3 2022 | - | - | - |
| Q4 2022 | - | - | - |
| 2022 | 17.86 % | 12.76 % | 10.14 % |
| Q1 2023 | - | - | - |
| Q2 2023 | - | - | - |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| 2023 | 12.80 % | 9.19 % | 4.77 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | 15.04 % | 12.96 % | 12.66 % |
| 2021 | 17.45 % | 12.96 % | 13.50 % |
| 2022 | 17.86 % | 12.76 % | 10.14 % |
| 2023 | 12.80 % | 9.19 % | 4.77 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 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 | - | - | - |
| Q3 2022 | - | - | - |
| Q4 2022 | - | - | - |
| Q1 2023 | - | - | - |
| Q2 2023 | - | - | - |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 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 | - | - | - | - |
| Q3 2022 | - | - | - | - |
| Q4 2022 | - | - | - | - |
| Q1 2023 | - | - | - | - |
| Q2 2023 | - | - | - | - |
| Q3 2023 | - | - | - | - |
| Q4 2023 | - | - | - | - |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2014 | - | - | - | - |
| 2015 | - | - | - | - |
| 2016 | - | - | - | - |
| 2017 | - | - | - | - |
| 2018 | - | - | - | - |
| 2019 | - | - | - | - |
| 2020 | 7.34 | 2.63 | 2.63 | 8.70 |
| 2021 | 7.34 | 2.79 | 3.47 | 11.48 |
| 2022 | 7.34 | 3.16 | 3.16 | 14.67 |
| 2023 | 8.16 | 1.47 | 1.47 | 17.92 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 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 | - | - | - |
| Q3 2022 | - | - | - |
| Q4 2022 | - | - | - |
| Q1 2023 | - | - | - |
| Q2 2023 | - | - | - |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | - | - | - |
| 2021 | - | - | - |
| 2022 | - | - | - |
| 2023 | 19.23 | 19.23 | 1.58 |
| Current | |
| Market Cap (M Riyal) | 218.69 |
| Enterprise Value (EV) (M) | 308.31 |
| Shares Outstanding ((M)) | 8.16 |
| Book Value (BV) ( Riyal) | 17.92 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 18.24 |
| Price/book | 1.50 |
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