Thob Al-Aseel 9M 2021 net profit falls 31% to SAR 52 mln

01/11/2021 Argaam Exclusive

Thob Al-Aseel Co. reported a net profit after Zakat and tax of SAR 52 million for the first nine months of 2021, a decline of 31% from SAR 75.8 million in the year-ago period, driven by lower sales and higher selling and marketing expenses.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 421.38 390.22 (7.4 %)
Gross Income 149.41 139.23 (6.8 %)
Operating Income 88.32 67.78 (23.3 %)
Net Income 75.76 52.04 (31.3 %)
Average Shares 400.00 400.00 -
EPS (Riyals) 0.19 0.13 (31.3 %)


Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 110.08 83.33 (24.3 %)
Gross Income 31.57 30.66 (2.9 %)
Operating Income 10.57 8.07 (23.6 %)
Net Income 5.92 3.58 (39.5 %)
Average Shares 400.00 400.00 -
EPS (Riyals) 0.01 0.01 (39.5 %)

The third-quarter net profit fell 40% to SAR 3.6 million from SAR 5.9 million in Q2 2020.

 

On a sequential basis, net profit dropped 90% from SAR 34.5 million in Q2 2021.

 

Total shareholders' equity, excluding minority interest, rose 5.3% year-on-year (YoY) to SAR 571.68 million.

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Share Price

Thob Al Aseel Co.
4.35
0.02 0.46 %

Thob Al Aseel Co. (ALASEEL)

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Financial Ratios
Current
Market Cap (M Riyal) 1,740.00
Enterprise Value (EV) (M) 1,648.67
Shares Outstanding ((M)) 400.00
EPS ( Riyal) (TTM) 0.21
Book Value (BV) ( Riyal) 1.45
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 20.77
P/E (TTM) 20.77
Price/book 2.99
Return on Average Assets (%) (TTM) 12.2
Return on Average Equity (%) (TTM) 14.5
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