BinDawood net profit up 82% to SAR 311.7 mln in H1 2020

31/08/2020 Argaam

BinDawood Holding Co., which operates in the foodstuffs, household supplies, bakery and restaurant supplies retail trade, reported a net profit of SAR 311.7 million (SAR 2.73 per share) for the first half of 2020, a 82% year-on-year (YoY) increase.

 

Income Statement (SAR mln)

Period

H1 2019

H1 2020

Variation (%)

Sales (SAR mln)

2,427.1

2,960.8

+22%

Net profit (SAR mln)

170.8

311.7

+82%

Average number of shares (mln shares)

114.3

114.3

--

EPS (SAR/share)

1.49

2.73

+82%

 

The following table indicates the sales and net profit during the past 4 years:

 

Annual Sales Since 2016 (SAR mln)

Period

2016

2017

2018

2019

Sales (SAR mln)

4,518.1

4,766.3

4,554.2

4,843.8

Net profit (SAR mln)

481.0

414.3

397.8

419.1

Average number of shares (mln shares)

114.3

114.3

114.3

114.3

EPS (SAR/share)

4.21

3.62

3.48

3.67

 

The table below illustrates significant balance sheet items during the past 4 years:

 

Balance Sheet Since 2016 (SAR mln)

Period

2016

2017

2018

2019

Q2 2020

Cash & cash equivalent

88.6

94.7

122.9

215.0

532.0

Current assets

898.1

999.8

1,138.5

1,446.2

1,638.3

Non-current assets

877.2

1,078.4

1,065.7

3,297.4

3,240.4

Total assets

1,775.3

2,078.2

2,204.2

4,743.6

4,878.7

Current liabilities

930.8

1,179.3

1,109.5

1,167.9

1,104.6

Non-current liabilities

61.9

75.6

80.2

2,389.3

2,366.0

Total liabilities

922.7

1,254.9

1,189.7

3,557.2

3,470.6

Capital

530.0

530.0

530.0

1,143.0

1,143.0

Shareholders’ equity

782.6

823.3

1,014.4

1,186.4

1,408.0

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