Leejam swings to SAR 58.2 mln loss in 9M 2020

01/11/2020 Argaam Exclusive

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Leejam Sports Company (Fitness Time) reported net loss after Zakat and tax of SAR 58.2 million for the first nine months of 2020, versus net profit of SAR 138 million in year-earlier period, driven by SAR 245.30 million lower revenue, higher costs, decreased memberships revenue and higher marketing expenses.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 674.72 433.51 (35.7 %)
Gross Income 241.63 58.05 (76.0 %)
Operating Income 176.07 (11.36) (106.5 %)
Net Income 138.00 (58.21) (142.2 %)
Average Shares 52.38 52.38 -
Earnings Per Share before unusual items (Riyals) 2.64 (1.10) (141.8 %)
EPS (Riyals) 2.63 (1.11) (142.2 %)

The third-quarter net profit after Zakat and tax dropped 45% YoY to SAR 26.6 million, backed by a SAR 28.8 million decline in revenue.

 

On a sequential basis, Leejam turned to profit in Q3 2020, versus net loss of SAR 91.02 million in Q2 2020.



Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 238.37 211.48 (11.3 %)
Gross Income 85.03 68.71 (19.2 %)
Operating Income 62.00 45.56 (26.5 %)
Net Income 48.81 26.57 (45.6 %)
Average Shares 52.38 52.38 -
Earnings Per Share before unusual items (Riyals) 0.93 0.51 (45.7 %)
EPS (Riyals) 0.93 0.51 (45.6 %)

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Share Price

Leejam Sports Co.
138.00
(4.80) (3.36 %)

Leejam Sports Co. (LEEJAM SPORTS)

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Financial Ratios
Current
Market Cap (M Riyal) 7,228.85
Enterprise Value (EV) (M) 7,458.95
Shares Outstanding ((M)) 52.38
EPS ( Riyal) (TTM) 8.72
Book Value (BV) ( Riyal) 23.54
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.33
P/E (TTM) 15.82
Price/book 5.86
Return on Average Assets (%) (TTM) 12.8
Return on Average Equity (%) (TTM) 39.4
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Comments 1

1
عضو مميز
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Fadel2019

منذ 11 شهر

السعر العادل في الوقت الحالي٤

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