Ladun Investment posts SAR 69.9 mln net profit in 9M 2021 on subsidiary sale

07/04/2022 Argaam Exclusive

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Ladun Investment Co., which will be listed on Nomu-Paralell Market, reported a net profit of SAR 69.9 million for the first nine months of 2021, compared to a net profit of SAR 1.8 million a year earlier.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 352.75 526.71 49.3 %
Gross Income 52.50 53.53 2.0 %
Operating Income 4.80 9.26 93.1 %
Net Income 1.78 69.88 3819.2 %
Average Shares 500.00 500.00 -
EPS (Riyals) 0.00 0.14 3819.2 %

The profit growth was spurred by a 49.3% rise year-on-year (YoY) in revenue.

 

Ladun realized gains from sale of financial assets during the nine-month period at SAR 2.9 million, against net losses of SAR 5.1 million in the year-ago period.

 

The company also exited its stake in 3Bees Co., recording gains of SAR 61.9 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 176.73 124.30 (29.7 %)
Gross Income 24.28 17.67 (27.2 %)
Operating Income 5.77 (1.22) (121.1 %)
Net Income 4.81 (3.61) (175.0 %)
Average Shares 500.00 500.00 -
EPS (Riyals) 0.01 (0.01) (175.0 %)

Shareholders’ equity, after minority interest, stood at SAR 510.031 million.

 

Retained earnings reached SAR 11.169 million, or 2.2% of the company’s capital as of Sept. 30, 2021.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 - - - - - - -
Q2 2020 - - - - - - -
Q3 2020 176.73 - 24.28 - 4.81 - 0.01
Q4 2020 174.27 - 53.30 - 23.03 - 0.05
Q1 2021 - - - - - - -
Q2 2021 - - - - - - -
Q3 2021 124.30 (29.7 %) 17.67 (27.2 %) (3.61) (175.0 %) (0.01)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 13.74 % 12.16 % 2.72 %
Q4 2020 22.10 % 19.37 % 7.93 %
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 20.04 % 16.04 % 5.10 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 - - - -
Q2 2020 - - - -
Q3 2020 500.00 0.01 0.01 0.84
Q4 2020 500.00 0.06 0.06 0.89
Q1 2021 - - - -
Q2 2021 - - - -
Q3 2021 500.00 0.05 0.05 1.02

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -

Business Segments (Million)

Compared With The
Period Real estate investment Construction sector Industrial development services segment Restaurants
Q3 2020 45.78 58.83 - 42.84 29.28
Q3 2021 62.16 33.30 - 28.86 -


Financial Ratios
Current
Market Cap (M Riyal) 1,540.00
Enterprise Value (EV) (M) 2,457.32
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 1.19
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 12.72
Price/book 2.59
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Share Price

Ladun Investment Co.
3.08
(0.23) (6.95 %)

Ladun Investment Co. (LADUN)

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