Al-Jouf Agricultural makes SAR 26.1 mln in 9M 2020

09/11/2020 Argaam Exclusive

Al-Jouf Agricultural Development Co. reported net profit after Zakat and tax of SAR 26.1 million for the first nine months of 2020, compared to SAR 1.3 million in prior-year period, driven by SAR 5.83 million increase in sales revenue, higher profit margins, in addition to reporting SAR 25.46 million in revenue from ownership of used land parts.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 161.31 167.15 3.6 %
Gross Income 31.12 52.91 70.0 %
Operating Income 3.37 23.80 605.8 %
Net Income 1.26 26.07 1965.5 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.04 0.87 1965.5 %

Al-Jouf reported net profit after Zakat and tax of SAR 7.7 million in Q3 2020, versus net loss of SAR 6.4 million in year-earlier period, backed by reporting SAR 25.46 million in revenue from ownership of used land parts.

 

On a sequential basis, Q3 2020 net profit dropped by 35.6% due to lower sales revenue and higher selling, distribution, general and administrative expenses.



Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 66.98 49.05 (26.8 %)
Gross Income 5.74 4.77 (16.9 %)
Operating Income (5.41) (8.03) (48.4 %)
Net Income (6.43) 7.65 218.9 %
Average Shares 30.00 30.00 -
EPS (Riyals) (0.21) 0.25 218.9 %

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Share Price

Al-Jouf Agricultural Development Co.
61.70
(0.20) (0.32 %)

Al-Jouf Agricultural Development Co. (ALJOUF)

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Financial Ratios
Current
Market Cap (M Riyal) 1,851.00
Enterprise Value (EV) (M) 2,091.77
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) 2.79
Book Value (BV) ( Riyal) 24.94
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 24.81
P/E (TTM) 22.14
Price/book 2.47
Return on Average Assets (%) (TTM) 7.3
Return on Average Equity (%) (TTM) 11.6
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