Financial Results : Alwasail H1 2022 profit grows 13% to SAR 16.2 mln

Alwasail H1 2022 profit grows 13% to SAR 16.2 mln

07/09/2022 Argaam Exclusive

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Alwasail Industrial Co.’s net profit after Zakat and tax rose 13% to SAR 16.2 million in H1 2022, compared to SAR 14.3 million in H1 2021.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 140.30 165.77 18.2 %
Gross Income 36.62 48.78 33.2 %
Operating Income 17.72 21.01 18.5 %
Net Income 14.30 16.18 13.1 %
Average Shares 250.00 250.00 -
EPS (Riyals) 0.06 0.06 13.1 %

The higher earnings came due to an increase in sales of pipes, accessories and fittings segments. 

 


Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 140.30 165.77 18.2 %
Gross Income 36.62 48.78 33.2 %
Operating Income 17.72 21.01 18.5 %
Net Income 14.30 16.18 13.1 %
Average Shares 250.00 250.00 -
EPS (Riyals) 0.06 0.06 13.1 %

Total shareholders’ equity, excluding minority interest, increased to SAR 329.919 million in H1 2022 compared to SAR 310.111 million in the year-earlier period.

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 149.08 - 43.08 - 21.26 -
H2 2020 151.98 - 52.93 - 11.98 -
H1 2021 140.30 (5.9 %) 36.62 (15.0 %) 17.72 (16.6 %)
H2 2021 163.45 7.5 % 45.02 (14.9 %) 16.30 36.0 %
H1 2022 165.77 18.2 % 48.78 33.2 % 21.01 18.5 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 17.08 - 0.07 - 17.08 0.07
H2 2020 10.57 - 0.04 - 10.57 0.04
H1 2021 14.30 (16.3 %) 0.06 - 14.30 0.06
H2 2021 16.09 52.2 % 0.06 - 16.09 0.06
H1 2022 16.18 13.1 % 0.06 - 16.18 0.06

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 31.89 % 14.51 % 9.19 %
H1 2021 30.64 % 13.49 % 8.51 %
H2 2021 26.88 % 14.45 % 10.01 %
H1 2022 28.49 % 14.35 % 9.80 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 250.00 - - 1.24
H2 2020 250.00 0.11 0.11 1.18
H1 2021 250.00 0.10 0.10 1.24
H2 2021 250.00 0.12 0.12 1.30
H1 2022 250.00 0.13 0.13 1.32

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 18.98 18.98 1.86


Financial Ratios
Current
Market Cap (M Riyal) 702.50
Enterprise Value (EV) (M) 705.34
Shares Outstanding ((M)) 250.00
Book Value (BV) ( Riyal) 1.44
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 20.91
Price/book 1.95
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Share Price

Alwasail Industrial Co.
2.81
0.07 2.55 %

Alwasail Industrial Co. (ALWASAIL INDUSTRIAL)

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