iOud H1 2024 profit dips to SAR 528,000

01/09/2024 Argaam Exclusive

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Intelligent Oud Company for Trading’s (iOud) net profit fell to SAR 528,000 by the end of H1 2024, compared to SAR 721,000 in in the year before.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 7.89 10.35 31.1 %
Gross Income 6.09 7.00 15.0 %
Operating Income 1.71 2.26 32.4 %
Net Income 0.72 0.53 (26.7 %)
Average Shares 1.56 1.95 25.0 %
Earnings Per Share before unusual items (Riyals) 0.46 0.27 (41.4 %)
EPS (Riyals) 0.46 0.27 (41.4 %)

The 26.7% year-on-year (YoY) profit drop was attributed to a higher Zakat provision due to the issuance premium in H1 2025. 

 

This was despite a 31.1% YoY increase in revenue from new products and the enhancement of existing ones. 

 

Shareholders’ equity, no minority interest, grew to SAR 41.60 million by the end of June 30, 2034, versus SAR 22.73 million in the prior-year period. 

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

7.13

0.32

0.20

H2 2022

15.96

3.40

2.18

H1 2023

7.89

0.72

0.46

H2 2023

17.31

4.56

2.34

H1 2024

10.34

0.52

0.27

 

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Share Price

Intelligent Oud Company for Trading
48.00
(1.00) (2.04 %)

Intelligent Oud Company for Trading (IOUD)

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Financial Ratios
Current
Market Cap (M Riyal) 93.60
Enterprise Value (EV) (M) 111.71
Shares Outstanding ((M)) 1.95
Book Value (BV) ( Riyal) 23.81
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.74
Price/book 2.02
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