eXtra posts 36% profit rise to SAR 280.1 mln in 2020

10/01/2021 Argaam Exclusive

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United Electronics Co. (eXtra) reported an annual net profit after Zakat and tax of SAR 280.1 million for 2020, up 36% year-on-year (YoY), due to higher sales across stores and e-commerce sector. 

 

The company also cited increase in gross profit and rise in revenues from consumer finance services.



Financials (M)

Item 2019 2020 Change‬
Revenues 5,134.60 5,962.32 16.1 %
Gross Income 901.18 1,039.30 15.3 %
Operating Income 248.77 354.14 42.4 %
Net Income 205.61 280.14 36.2 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 2.30 3.50 52.5 %
EPS (Riyals) 2.57 3.50 36.2 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 1,881.04 1,954.69 3.9 %
Gross Income 300.93 316.83 5.3 %
Operating Income 89.88 112.10 24.7 %
Net Income 72.09 101.64 41.0 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 0.90 1.27 41.0 %
EPS (Riyals) 0.90 1.27 41.0 %

The Q4 2020 net profit increased by 41% YoY to SAR 101.8 million on higher sales and increase in revenues from services and consumer finance.

 

On a sequential basis, Q4 2020 net profit rose by 90.4% on seasonality factors.

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Share Price

United Electronics Co.
92.40
0.30 0.33 %

United Electronics Co. (EXTRA)

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Financial Ratios
Current
Market Cap (M Riyal) 7,392.00
Enterprise Value (EV) (M) 8,525.89
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 6.80
Book Value (BV) ( Riyal) 19.62
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 14.24
P/E (TTM) 13.59
Price/book 4.71
Return on Average Assets (%) (TTM) 10.8
Return on Average Equity (%) (TTM) 17.5
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