Al-Samaani posts SAR 1.2 mln profit in H1 2020

10/09/2020 Argaam Exclusive

Al-Samaani Factory for Metal Industries Co. posted a net profit after Zakat and tax of SAR 1.2 million for H1 2020, against a net loss of SAR 622,000 a year earlier.



Financials (M)

Item 6m 2019 6m 2020 Change‬
Revenues 18.80 21.06 12.0 %
Gross Income 4.40 6.26 42.2 %
Operating Income (0.72) 1.34 285.8 %
Net Income (0.62) 1.22 295.8 %
Average Shares 153.96 153.96 -
EPS (Riyals) 0.00 0.01 295.8 %

The positive performance was buoyed by a 12% rise year-on-year (YoY) in sales. Operating expenses/total sales decreased to 70% in the first half, from 77% in H1 2019, leading to higher profit margins amid improved operating efficiency.

 

The results were also boosted by a decline in labor costs, as well as lower selling, general and administrative expenses.



Current Half Annual Comparison (M)

Compared With The
Item H1 2019 H1 2020 Change‬
Revenues 11.02 10.79 (2.0 %)
Gross Income 2.66 3.91 47.3 %
Operating Income 0.16 1.65 904.3 %
Net Income 0.23 1.55 581.1 %
Average Shares 153.96 153.96 -
EPS (Riyals) 0.00 0.01 581.1 %

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Share Price

Sadr Logistics Co.
3.39
(0.07) (2.02 %)

Sadr Logistics Co. (SADR)

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Financial Ratios
Current
Market Cap (M Riyal) 593.25
Enterprise Value (EV) (M) 553.44
Shares Outstanding ((M)) 175.00
Book Value (BV) ( Riyal) 0.98
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
Price/book 3.45
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