Dur Hospitality logs SAR 1.2 mln profit in 2021; Q4 at SAR 9.3 mln

27/03/2022 Argaam Exclusive

Dur Hospitality Co. turned to a net profit after Zakat and tax at SAR 1.2 million in 2021, against a net loss of SAR 49.5 million a year before. 



Financials (M)

Item 2020 2021 Change‬
Revenues 442.32 473.15 7.0 %
Gross Income 60.82 59.50 (2.2 %)
Operating Income 5.75 26.23 355.8 %
Net Income (49.50) 1.19 102.4 %
Average Shares 100.00 100.00 -
EPS (Riyals) (0.49) 0.01 102.4 %

The improved results were due to the increase in revenues by 7% as a result of the gradual return to the business sector and the easing of COVID-19 precautionary measures, in addition to the growth in real estate activity revenues as a result of entering new units into operations. 

  

In addition, the company recorded an operating profit of SAR 26.2 million in 2021, compared with SAR 20.5 million a year earlier, driven by improved revenues. 

  

The company also posted a net profit of SAR 9.3 million in Q4 2021, against a loss of SAR 42 million a year before. 

 

On a sequential basis, the company turned profitable from a loss of SAR 6.27 million. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 109.87 142.41 29.6 %
Gross Income 0.54 30.31 5513.0 %
Operating Income (23.44) 19.45 183.0 %
Net Income (42.03) 9.33 122.2 %
Average Shares 100.00 100.00 -
EPS (Riyals) (0.42) 0.09 122.2 %

Total shareholders’ equity, after minority interest, reached SAR 1.557 billion as of Dec. 31, 2021, compared with SAR 1.639 billion a year earlier. 

 

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Share Price

Dur Hospitality Company
27.00
0.20 0.75 %


Financial Ratios
Current
Market Cap (M Riyal) 2,700.00
Enterprise Value (EV) (M) 3,783.73
Shares Outstanding ((M)) 100.00
EPS ( Riyal) (TTM) 0.66
Book Value (BV) ( Riyal) 16.27
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 47.70
P/E (TTM) 40.65
Price/book 1.66
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 4.1
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