Fawaz Alhokair turns to loss of SAR 633.8 mln in H1 2020/21

10/11/2020 Argaam Exclusive

Fawaz Abdulaziz Alhokair Co. turned to a net loss after Zakat and tax of SAR 633.8 million in the six-month period ended Sept. 30, 2020, compared to a profit of SAR 198.2 million in the same period a year earlier.



Financials (M)

Item 6m 2019 6m 2020 Change‬
Revenues 2,966.98 1,750.55 (41.0 %)
Gross Income 690.79 6.64 (99.0 %)
Operating Income 400.87 (347.10) (186.6 %)
Net Income 196.83 (624.22) (417.1 %)
Average Shares 114.77 114.77 -
EPS (Riyals) 1.72 (5.44) (417.1 %)

This profit decline was driven by a 41% drop in revenue, as a result of the temporary closure of the company’s retail units due to COVID-19, and a hike of 14.6% in depreciation and amortization expenses.

 

The company also cited lower gross profit and a 28.4% increase in selling, general and administrative expenses for the losses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2019 Q2 2020 Change‬
Revenues 1,234.59 1,185.60 (4.0 %)
Gross Income 183.28 143.36 (21.8 %)
Operating Income 43.84 (41.11) (193.8 %)
Net Income (27.22) (98.79) (263.0 %)
Average Shares 114.77 114.77 -
EPS (Riyals) (0.24) (0.86) (263.0 %)

The Q2 2020/21 net loss after Zakat and tax widened to SAR 98.2 million on lower revenue and gross profit, together with higher other income and depreciation and amortization expenses.

 

On a quarterly basis, Alhokair’s net losses narrowed on higher revenue.

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Share Price

Fawaz Abdulaziz Alhokair Co.
13.68
(0.20) (1.44 %)

Fawaz Abdulaziz Alhokair Co. (CENOMI RETAIL)

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Financial Ratios
Current
Market Cap (M Riyal) 1,570.46
Enterprise Value (EV) (M) 3,282.05
Shares Outstanding ((M)) 114.80
EPS ( Riyal) (TTM) (9.92)
Book Value (BV) ( Riyal) (7.04)
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book (1.94)
Return on Average Assets (%) (TTM) (19.50 )
Return on Average Equity (%) (TTM) -
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