Batic profit up 59% to SAR 850,000 in H1 2024; Q2 loss at SAR 746,000

06/08/2024 Argaam Exclusive

Batic Investments and Logistics Co. posted SAR 850,000 net profit in H1 2024, a rise of 59% from SAR 536,000 in the same period a year ago.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 231.57 247.50 6.9 %
Gross Income 34.16 32.05 (6.2 %)
Operating Income 5.58 9.98 78.9 %
Net Income 0.54 0.85 58.5 %
Average Shares 600.00 600.00 -
EPS (Riyals) 0.00 0.00 58.5 %

The rise in revenues was driven by a 50% increase in the income of the land transport segment, a 34% rise in the revenues of the real estate segment and a 28% jump in the revenues of the smart parking segment.

 

The company swung to a net loss of SAR 746,000 in Q2 2024, against a net profit of SAR 480,424 in Q2 2023.

 

Sequentially, Batic turned to a net loss against a net profit of SAR 1.6 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 117.37 123.20 5.0 %
Gross Income 18.38 17.03 (7.3 %)
Operating Income 3.56 5.82 63.4 %
Net Income 0.48 (0.75) (255.3 %)
Average Shares 600.00 600.00 -
EPS (Riyals) 0.00 0.00 (255.3 %)

Shareholders' equity, after minority interest, fell to SAR 456.98 million as of June 30, 2024, compared to SAR 462.478 million a year ago.

 

Attached Documents:

 

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Share Price

Batic Investments and Logistics Co.
3.50
0.13 3.86 %

Batic Investments and Logistics Co. (BATIC)

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Financial Ratios
Current
Market Cap (M Riyal) 2,100.00
Enterprise Value (EV) (M) 2,169.98
Shares Outstanding ((M)) 600.00
EPS ( Riyal) (TTM) (0.01)
Book Value (BV) ( Riyal) 0.76
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 4.60
Return on Average Assets (%) (TTM) (0.52 )
Return on Average Equity (%) (TTM) (1.69 )
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