Amiantit cuts H1 2023 loss to SAR 8.1 mln; Q2 at SAR 10.1 mln

30/07/2023 Argaam Exclusive

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Saudi Arabian Amiantit Co. narrowed H1 2023 net losses to SAR 8.1 million from SAR 10 million in the prior-year period.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	241.15	363.76	50.8 %
Gross Income	13.78	54.30	294.1 %
Operating Income	(12.77)	8.33	165.2 %
Net Income	(10.02)	(8.09)	19.3 %
Average Shares	30.25	30.25	-
EPS (Riyals)	(0.33)	(0.27)	19.3 %

The decline in losses was backed by a rise of 51% year-on-year (YoY) in revenue, due to the company's efforts to increase the volume of new orders, rationalize and control operating costs and maintain them at reasonable levels. Amiantit recorded an increase of 10% in the gross profit margin for the current period, compared to H1 2022.

The company's profit from its equity-based investments increased by SAR 19 million in H1 2023, compared to the same period of the previous year.

In Q2 2023, Amiantit widened net losses to SAR 10.1 million from SAR 4.04 million in Q2 2022. The company did not record any accounting profits in the current quarter of 2023, compared to SAR 21.2 million in the prior-year period.

The company swung to losses in the current quarter, from a net profit of SAR 2 million in Q1 2023.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	121.64	166.31	36.7 %
Gross Income	4.60	16.23	253.0 %
Operating Income	(16.23)	(7.14)	56.0 %
Net Income	(4.04)	(10.08)	(149.7 %)
Average Shares	30.25	30.25	-
EPS (Riyals)	(0.13)	(0.33)	(149.7 %)

Item	Q1 2023	Q2 2023	Change‬
Revenues	197.45	166.31	(15.8 %)
Gross Income	38.07	16.23	(57.4 %)
Operating Income	15.46	(7.14)	(146.2 %)
Net Income	2.00	(10.08)	(605.2 %)
Average Shares	30.25	30.25	-
EPS (Riyals)	0.07	(0.33)	(605.2 %)

Total shareholders’ equity, excluding minority interest, increased to SAR 333.70 million as of June 30, 2023, compared with SAR 283.52 million in the earlier-year period.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	697.61	(18.8 %)	107.91	(23.1 %)	46.48	(34.2 %)
Q2 2014	716.87	(13.7 %)	110.43	(23.5 %)	47.12	(35.3 %)
Q3 2014	623.25	(18.1 %)	85.34	(15.6 %)	21.56	(51.3 %)
Q4 2014	688.06	1.1 %	121.35	44.0 %	56.30	41.5 %
2014	2,725.79	(12.9 %)	425.03	(9.6 %)	171.45	(24.6 %)
Q1 2015	731.36	4.8 %	110.60	2.5 %	57.37	23.4 %
Q2 2015	713.61	(0.5 %)	113.95	3.2 %	46.13	(2.1 %)
Q3 2015	720.15	15.5 %	140.43	64.6 %	71.25	230.6 %
Q4 2015	743.51	8.1 %	104.91	(13.5 %)	46.20	(17.9 %)
2015	2,908.63	6.7 %	499.64	17.6 %	220.95	28.9 %
Q1 2016	554.29	(24.2 %)	95.49	(13.7 %)	34.47	(39.9 %)
Q2 2016	508.71	(28.7 %)	74.20	(34.9 %)	15.93	(65.5 %)
Q3 2016	284.77	(60.5 %)	45.91	(67.3 %)	(3.06)	(104.3 %)
Q4 2016	246.31	(66.9 %)	(55.11)	(152.5 %)	(148.11)	(420.6 %)
2016	1,364.01	(53.1 %)	114.41	(77.1 %)	(106.98)	(148.4 %)
Q1 2017	210.13	(62.1 %)	23.34	(75.6 %)	(5.86)	(117.0 %)
Q2 2017	212.33	(58.3 %)	34.93	(52.9 %)	6.03	(62.2 %)
Q3 2017	132.78	(53.4 %)	1.85	(96.0 %)	(23.00)	(650.8 %)
Q4 2017	232.97	(5.4 %)	64.38	216.8 %	3.16	102.1 %
2017	792.34	(41.9 %)	124.50	8.8 %	(5.27)	95.1 %
Q1 2018	199.97	(4.8 %)	32.04	37.3 %	4.88	183.3 %
Q2 2018	199.41	(6.1 %)	18.94	(45.8 %)	(9.61)	(259.4 %)
Q3 2018	269.68	103.1 %	59.67	3130.8 %	24.76	207.7 %
Q4 2018	278.53	19.6 %	(14.54)	(122.6 %)	(61.15)	(2037.1 %)
2018	947.59	19.6 %	96.11	(22.8 %)	(41.12)	(679.8 %)
Q1 2019	233.03	16.5 %	15.63	(51.2 %)	(13.78)	(382.4 %)
Q2 2019	163.58	(18.0 %)	(205.01)	(1182.5 %)	(239.48)	(2,393.1 %)
Q3 2019	186.35	(30.9 %)	19.52	(67.3 %)	(1.91)	(107.7 %)
Q4 2019	197.45	(29.1 %)	23.35	260.5 %	3.96	106.5 %
2019	780.41	(17.6 %)	(146.51)	(252.4 %)	(247.51)	(502.0 %)
Q1 2020	162.04	(30.5 %)	(5.87)	(137.6 %)	(30.29)	(119.9 %)
Q2 2020	83.18	(49.1 %)	(14.95)	92.7 %	(35.73)	85.1 %
Q3 2020	115.97	(37.8 %)	(6.24)	(132.0 %)	(26.97)	(1,311.1 %)
Q4 2020	79.83	(59.6 %)	(38.09)	(263.1 %)	(60.42)	(1627.8 %)
2020	441.02	(43.5 %)	(65.15)	55.5 %	(153.41)	38.0 %
Q1 2021	114.56	(29.3 %)	(18.33)	(212.1 %)	(49.97)	(64.9 %)
Q2 2021	111.09	33.6 %	(24.82)	(66.0 %)	(47.76)	(33.7 %)
Q3 2021	96.11	(17.1 %)	(33.63)	(439.3 %)	(69.42)	(157.4 %)
Q4 2021	117.14	46.7 %	0.24	100.6 %	(20.43)	66.2 %
2021	438.91	(0.5 %)	(76.54)	(17.5 %)	(187.57)	(22.3 %)
Q1 2022	119.52	4.3 %	9.18	150.1 %	3.47	106.9 %
Q2 2022	121.64	9.5 %	4.60	118.5 %	(16.23)	66.0 %
Q3 2022	123.48	28.5 %	8.02	123.8 %	(10.60)	84.7 %
Q4 2022	144.19	23.1 %	(2.81)	(1252.0 %)	(23.49)	(15.0 %)
2022	508.82	15.9 %	18.99	124.8 %	(46.85)	75.0 %
Q1 2023	197.45	65.2 %	38.07	314.6 %	15.46	346.3 %
Q2 2023	166.31	36.7 %	16.23	253.0 %	(7.14)	56.0 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	3,130.67	(9.4 %)	470.01	(15.6 %)	227.46	(13.6 %)
2014	2,725.79	(12.9 %)	425.03	(9.6 %)	171.45	(24.6 %)
2015	2,908.63	6.7 %	499.64	17.6 %	220.95	28.9 %
2016	1,364.01	(53.1 %)	114.41	(77.1 %)	(106.98)	(148.4 %)
2017	792.34	(41.9 %)	124.50	8.8 %	(5.27)	95.1 %
2018	947.59	19.6 %	96.11	(22.8 %)	(41.12)	(679.8 %)
2019	780.41	(17.6 %)	(146.51)	(252.4 %)	(247.51)	(502.0 %)
2020	441.02	(43.5 %)	(65.15)	55.5 %	(153.41)	38.0 %
2021	438.91	(0.5 %)	(76.54)	(17.5 %)	(187.57)	(22.3 %)
2022	508.82	15.9 %	18.99	124.8 %	(46.85)	75.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	20.59	(32.1 %)	0.68	-	20.59	0.68
Q2 2014	24.56	(19.9 %)	0.81	1.17	23.39	0.77
Q3 2014	17.58	(0.1 %)	0.58	21.10	(3.53)	(0.12)
Q4 2014	19.89	(41.5 %)	0.66	(14.86)	34.75	1.15
2014	82.62	(26.6 %)	2.73	7.41	75.21	2.49
Q1 2015	25.86	25.6 %	0.85	-	25.86	0.85
Q2 2015	25.98	5.8 %	0.86	-	25.98	0.86
Q3 2015	27.06	54.0 %	0.89	-	27.06	0.89
Q4 2015	22.47	13.0 %	0.74	-	22.47	0.74
2015	101.37	22.7 %	3.35	-	101.37	3.35
Q1 2016	0.51	(98.0 %)	0.02	-	0.51	0.02
Q2 2016	1.56	(94.0 %)	0.05	-	1.56	0.05
Q3 2016	(33.58)	(224.1 %)	(1.11)	-	(33.58)	(1.11)
Q4 2016	(201.68)	(997.5 %)	(6.67)	-	(201.68)	(6.67)
2016	(232.92)	(329.8 %)	(7.70)	-	(232.92)	(7.70)
Q1 2017	(45.75)	(9036.1 %)	(1.51)	-	(45.75)	(1.51)
Q2 2017	(14.51)	(1033.3 %)	(0.48)	-	(14.51)	(0.48)
Q3 2017	6.41	119.1 %	0.21	63.60	(57.19)	(1.89)
Q4 2017	(50.47)	75.0 %	(1.67)	-	(50.47)	(1.67)
2017	(89.92)	61.4 %	(2.97)	63.60	(153.52)	(5.08)
Q1 2018	(39.98)	12.6 %	(1.32)	-	(39.98)	(1.32)
Q2 2018	(53.26)	(267.0 %)	(1.76)	-	(53.26)	(1.76)
Q3 2018	1.42	(77.8 %)	0.05	-	1.42	0.05
Q4 2018	(141.71)	(180.8 %)	(4.69)	(16.00)	(125.71)	(4.16)
2018	(233.54)	(159.7 %)	(7.72)	(16.00)	(217.54)	(7.19)
Q1 2019	(40.37)	(1.0 %)	(1.33)	-	(40.37)	(1.33)
Q2 2019	(255.75)	(380.2 %)	(8.46)	-	(255.75)	(8.46)
Q3 2019	(4.97)	(449.3 %)	(0.16)	-	(4.97)	(0.16)
Q4 2019	(37.39)	73.6 %	(1.24)	-	(37.39)	(1.24)
2019	(338.48)	(44.9 %)	(11.19)	-	(338.48)	(11.19)
Q1 2020	(131.29)	(225.3 %)	(4.34)	(63.30)	(68.00)	(2.25)
Q2 2020	(57.30)	77.6 %	(1.89)	(1.68)	(55.62)	(1.84)
Q3 2020	(55.50)	(1,016.4 %)	(1.83)	(12.97)	(42.53)	(1.41)
Q4 2020	(145.26)	(288.5 %)	(4.80)	(27.66)	(117.61)	(3.89)
2020	(389.35)	(15.0 %)	(12.87)	(105.60)	(283.75)	(9.38)
Q1 2021	(1.35)	99.0 %	(0.04)	52.20	(53.54)	(1.77)
Q2 2021	(59.11)	(3.2 %)	(1.95)	-	(59.11)	(1.95)
Q3 2021	(87.35)	(57.4 %)	(2.89)	4.11	(91.46)	(3.02)
Q4 2021	(23.52)	83.8 %	(0.78)	3.20	(26.72)	(0.88)
2021	(171.32)	56.0 %	(5.66)	59.51	(230.83)	(7.63)
Q1 2022	(5.98)	(344.6 %)	(0.20)	-	(5.98)	(0.20)
Q2 2022	(4.04)	93.2 %	(0.13)	13.17	(17.21)	(0.57)
Q3 2022	(8.09)	90.7 %	(0.27)	-	(8.09)	(0.27)
Q4 2022	9.33	139.6 %	0.31	37.35	(28.02)	(0.93)
2022	(8.78)	94.9 %	(0.29)	50.52	(59.30)	(1.96)
Q1 2023	2.00	133.4 %	0.07	-	2.00	0.07
Q2 2023	(10.08)	(149.7 %)	(0.33)	1.35	(11.43)	(0.38)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	112.61	1.1 %	3.72	-	112.61	3.72
2014	82.62	(26.6 %)	2.73	7.41	75.21	2.49
2015	101.37	22.7 %	3.35	-	101.37	3.35
2016	(232.92)	(329.8 %)	(7.70)	-	(232.92)	(7.70)
2017	(89.92)	61.4 %	(2.97)	63.60	(153.52)	(5.08)
2018	(233.54)	(159.7 %)	(7.72)	(16.00)	(217.54)	(7.19)
2019	(338.48)	(44.9 %)	(11.19)	-	(338.48)	(11.19)
2020	(389.35)	(15.0 %)	(12.87)	(105.60)	(283.75)	(9.38)
2021	(171.32)	56.0 %	(5.66)	59.51	(230.83)	(7.63)
2022	(8.78)	94.9 %	(0.29)	50.52	(59.30)	(1.96)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	14.74 %	8.73 %	3.46 %
Q2 2014	14.14 %	8.17 %	3.35 %
Q3 2014	14.27 %	7.67 %	2.74 %
Q4 2014	15.59 %	10.14 %	2.76 %
2014	15.59 %	10.14 %	2.76 %
Q1 2015	15.50 %	10.89 %	2.92 %
Q2 2015	15.65 %	10.91 %	3.01 %
Q3 2015	17.05 %	12.54 %	3.98 %
Q4 2015	16.16 %	12.06 %	3.49 %
2015	17.18 %	12.06 %	3.49 %
Q1 2016	16.65 %	12.06 %	2.78 %
Q2 2016	16.43 %	11.42 %	2.04 %
Q3 2016	15.33 %	9.58 %	(0.43 %)
Q4 2016	10.07 %	(2.40 %)	(14.63 %)
2016	8.39 %	(3.25 %)	(17.08 %)
Q1 2017	7.07 %	(6.77 %)	(22.36 %)
Q2 2017	5.15 %	(10.57 %)	(30.99 %)
Q3 2017	0.63 %	(16.65 %)	(39.82 %)
Q4 2017	15.80 %	5.49 %	(21.30 %)
2017	15.71 %	7.28 %	(19.38 %)
Q1 2018	17.12 %	5.54 %	(20.84 %)
Q2 2018	15.32 %	3.48 %	(26.26 %)
Q3 2018	19.40 %	9.47 %	(15.77 %)
Q4 2018	10.14 %	5.72 %	(22.96 %)
2018	10.14 %	5.72 %	(22.96 %)
Q1 2019	8.13 %	3.58 %	(22.22 %)
Q2 2019	(15.27 %)	(7.30 %)	(44.50 %)
Q3 2019	(21.40 %)	(11.76 %)	(49.54 %)
Q4 2019	(18.77 %)	(9.98 %)	(43.37 %)
2019	(18.77 %)	(9.51 %)	(43.37 %)
Q1 2020	(23.68 %)	(14.19 %)	(51.61 %)
Q2 2020	3.50 %	(4.51 %)	(26.39 %)
Q3 2020	(0.67 %)	(9.19 %)	(36.43 %)
Q4 2020	(14.77 %)	(27.50 %)	(64.34 %)
2020	(14.77 %)	(27.50 %)	(64.34 %)
Q1 2021	(19.72 %)	(35.82 %)	(68.43 %)
Q2 2021	(20.76 %)	(36.52 %)	(64.72 %)
Q3 2021	(28.60 %)	(49.45 %)	(80.11 %)
Q4 2021	(17.44 %)	(35.71 %)	(52.59 %)
2021	(17.44 %)	(35.71 %)	(52.59 %)
Q1 2022	(11.05 %)	(23.59 %)	(41.29 %)
Q2 2022	(4.31 %)	(16.40 %)	(31.11 %)
Q3 2022	4.57 %	(3.50 %)	(12.04 %)
Q4 2022	3.73 %	(4.15 %)	(11.65 %)
2022	3.73 %	(4.15 %)	(11.65 %)
Q1 2023	8.16 %	(1.03 %)	(8.75 %)
Q2 2023	9.42 %	0.71 %	(7.21 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	15.01 %	9.47 %	3.60 %
2014	15.59 %	10.14 %	2.76 %
2015	17.18 %	12.06 %	3.49 %
2016	8.39 %	(3.25 %)	(17.08 %)
2017	15.71 %	7.28 %	(19.38 %)
2018	10.14 %	5.72 %	(22.96 %)
2019	(18.77 %)	(9.51 %)	(43.37 %)
2020	(14.77 %)	(27.50 %)	(64.34 %)
2021	(17.44 %)	(35.71 %)	(52.59 %)
2022	3.73 %	(4.15 %)	(11.65 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	15.47 %	9.13 %	2.95 %
Q2 2014	15.40 %	10.86 %	3.26 %
Q3 2014	13.69 %	6.93 %	(0.57 %)
Q4 2014	17.64 %	13.32 %	5.05 %
Q1 2015	15.12 %	11.99 %	3.54 %
Q2 2015	15.97 %	10.96 %	3.64 %
Q3 2015	19.50 %	13.93 %	3.76 %
Q4 2015	14.11 %	11.40 %	3.02 %
Q1 2016	17.23 %	11.92 %	0.09 %
Q2 2016	14.59 %	7.35 %	0.31 %
Q3 2016	16.12 %	4.21 %	(11.79 %)
Q4 2016	(22.37 %)	(62.38 %)	(81.88 %)
Q1 2017	11.11 %	9.35 %	(21.77 %)
Q2 2017	16.45 %	10.03 %	(6.84 %)
Q3 2017	1.39 %	(15.60 %)	(43.07 %)
Q4 2017	27.63 %	9.90 %	(21.66 %)
Q1 2018	16.02 %	9.73 %	(19.99 %)
Q2 2018	9.50 %	2.40 %	(26.71 %)
Q3 2018	22.13 %	14.12 %	0.53 %
Q4 2018	(5.22 %)	(2.92 %)	(45.13 %)
Q1 2019	6.71 %	0.15 %	(17.32 %)
Q2 2019	(125.33 %)	(60.68 %)	(156.34 %)
Q3 2019	10.47 %	3.10 %	(2.67 %)
Q4 2019	11.82 %	7.72 %	(18.94 %)
Q1 2020	(3.62 %)	(13.83 %)	(41.96 %)
Q2 2020	(17.97 %)	(32.42 %)	(66.86 %)
Q3 2020	(5.38 %)	(14.85 %)	(36.67 %)
Q4 2020	(47.71 %)	(68.49 %)	(147.33 %)
Q1 2021	(16.00 %)	(36.74 %)	(46.74 %)
Q2 2021	(22.35 %)	(35.96 %)	(53.20 %)
Q3 2021	(34.99 %)	(64.36 %)	(95.16 %)
Q4 2021	0.21 %	(10.96 %)	(22.81 %)
Q1 2022	7.68 %	8.33 %	(5.00 %)
Q2 2022	3.78 %	(8.05 %)	(14.15 %)
Q3 2022	6.49 %	(3.37 %)	(6.55 %)
Q4 2022	(1.95 %)	(11.85 %)	(19.44 %)
Q1 2023	19.28 %	12.66 %	1.01 %
Q2 2023	9.76 %	0.45 %	(6.87 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	30.25	3.40	3.40	48.42
Q2 2014	30.25	3.20	3.16	49.07
Q3 2014	30.25	3.20	2.46	47.58
Q4 2014	30.25	2.73	2.49	47.45
Q1 2015	30.25	2.91	2.66	46.73
Q2 2015	30.25	2.95	2.75	47.55
Q3 2015	30.25	3.27	3.76	48.19
Q4 2015	30.25	3.35	3.35	48.38
Q1 2016	30.25	2.51	2.51	43.21
Q2 2016	30.25	1.71	1.71	41.29
Q3 2016	30.25	(0.30)	(0.30)	40.25
Q4 2016	30.25	(7.71)	(7.71)	32.22
Q1 2017	30.25	(9.24)	(9.24)	31.10
Q2 2017	30.25	(9.77)	(9.77)	31.68
Q3 2017	30.25	(8.45)	(10.55)	33.04
Q4 2017	30.25	(3.45)	(5.55)	31.97
Q1 2018	30.25	(3.26)	(5.36)	30.92
Q2 2018	30.25	(4.54)	(6.64)	27.92
Q3 2018	30.25	(4.70)	(4.70)	27.96
Q4 2018	30.25	(7.72)	(7.19)	22.12
Q1 2019	30.25	(7.73)	(7.21)	20.13
Q2 2019	30.25	(14.43)	(13.90)	11.94
Q3 2019	30.25	(14.64)	(14.11)	11.04
Q4 2019	30.25	(11.19)	(11.19)	11.15
Q1 2020	30.25	(14.20)	(12.10)	7.07
Q2 2020	30.25	(7.64)	(5.49)	5.57
Q3 2020	30.25	(9.31)	(6.73)	4.40
Q4 2020	30.25	(12.87)	(9.38)	4.91
Q1 2021	30.25	(8.58)	(8.90)	4.25
Q2 2021	30.25	(8.64)	(9.02)	2.72
Q3 2021	30.25	(9.69)	(10.64)	(0.42)
Q4 2021	30.25	(5.66)	(7.63)	10.76
Q1 2022	30.25	(5.82)	(6.06)	10.28
Q2 2022	30.25	(4.00)	(4.67)	9.37
Q3 2022	30.25	(1.38)	(1.92)	8.13
Q4 2022	30.25	(0.29)	(1.96)	11.16
Q1 2023	30.25	(0.03)	(1.70)	11.08
Q2 2023	30.25	(0.23)	(1.51)	11.03

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	30.25	3.72	3.72	51.72
2014	30.25	2.73	2.49	47.45
2015	30.25	3.35	3.35	48.38
2016	30.25	(7.70)	(7.70)	32.22
2017	30.25	(2.97)	(5.08)	31.97
2018	30.25	(7.72)	(7.19)	22.12
2019	30.25	(11.19)	(11.19)	11.15
2020	30.25	(12.87)	(9.38)	4.91
2021	30.25	(5.66)	(7.63)	10.76
2022	30.25	(0.29)	(1.96)	11.16

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	32.53	32.53	2.28
Q2 2014	35.73	36.16	2.33
Q3 2014	39.27	51.02	2.64
Q4 2014	31.79	34.92	1.83
Q1 2015	28.72	31.36	1.79
Q2 2015	29.98	32.23	1.86
Q3 2015	21.02	18.27	1.42
Q4 2015	17.74	17.74	1.23
Q1 2016	24.63	24.63	1.43
Q2 2016	31.99	31.99	1.32
Q3 2016	NEG	NEG	0.97
Q4 2016	NEG	NEG	1.71
Q1 2017	NEG	NEG	1.46
Q2 2017	NEG	NEG	1.17
Q3 2017	NEG	NEG	1.39
Q4 2017	NEG	NEG	1.75
Q1 2018	NEG	NEG	1.67
Q2 2018	NEG	NEG	1.63
Q3 2018	NEG	NEG	1.36
Q4 2018	NEG	NEG	1.76
Q1 2019	NEG	NEG	2.10
Q2 2019	NEG	NEG	3.40
Q3 2019	NEG	NEG	3.26
Q4 2019	NEG	NEG	2.73
Q1 2020	NEG	NEG	2.66
Q2 2020	NEG	NEG	3.61
Q3 2020	NEG	NEG	7.12
Q4 2020	NEG	NEG	6.91
Q1 2021	NEG	NEG	9.87
Q2 2021	NEG	NEG	16.31
Q3 2021	NEG	NEG	(87.70)
Q4 2021	NEG	NEG	2.59
Q1 2022	NEG	NEG	2.13
Q2 2022	NEG	NEG	1.70
Q3 2022	NEG	NEG	2.03
Q4 2022	NEG	NEG	1.40
Q1 2023	NEG	NEG	1.79
Q2 2023	NEG	NEG	1.95

Period	P/E	Adjusted P/E	Price/book
2013	27.48	27.48	1.98
2014	31.79	34.92	1.83
2015	17.74	17.74	1.23
2016	NEG	NEG	1.71
2017	NEG	NEG	1.75
2018	NEG	NEG	1.76
2019	NEG	NEG	2.73
2020	NEG	NEG	6.91
2021	NEG	NEG	2.59
2022	NEG	NEG	1.40

Business Segments (Million)

Compared With The

Period	Pipe Manufacturing and technology	Water Management	elimination	Technology
Q1 2014	615.72	81.89	-	-
Q2 2014	700.99	15.88	-	-
Q3 2014	586.18	37.07	-	-
Q4 2014	619.72	68.35	-	-
Q1 2015	664.05	67.31	-	-
Q2 2015	652.32	61.29	-	-
Q3 2015	641.38	78.77	-	-
Q4 2015	626.64	116.87	-	-
Q1 2016	516.75	37.54	-	-
Q2 2016	454.65	54.06	-	-
Q3 2016	-	62.75	-	-
Q4 2016	336.51	22.30	(112.50)	-
Q1 2017	221.56	13.56	(24.98)	-
Q2 2017	190.64	37.53	(15.84)	-
Q3 2017	121.90	40.28	(25.26)	-
Q4 2017	185.99	66.84	(85.95)	-
Q1 2018	191.22	24.73	(15.97)	-
Q2 2018	178.12	41.42	(20.13)	-
Q3 2018	250.65	53.84	(34.90)	-
Q4 2018	202.20	55.58	20.75	-
Q1 2019	211.00	34.71	(12.67)	-
Q2 2019	190.93	(20.23)	(7.12)	-
Q3 2019	153.55	39.06	(6.27)	-
Q4 2019	151.09	52.11	(5.75)	-
Q1 2020	152.84	16.29	(7.09)	-
Q2 2020	74.85	11.91	(3.57)	-
Q3 2020	111.50	10.22	(5.74)	-
Q1 2021	111.72	16.37	(13.53)	-
Q2 2021	82.01	15.56	13.53	-
Q3 2021	114.31	13.65	(31.85)	-
Q4 2021	112.04	15.49	(10.38)	-
Q1 2022	117.35	10.93	(8.76)	-
Q2 2022	115.19	9.84	(3.39)	-
Q3 2022	120.25	9.16	(5.93)	-
Q4 2022	139.23	10.45	(5.49)	-
Q1 2023	194.62	9.64	(6.81)	-
Q2 2023	156.15	14.00	(3.83)	-

Period	Pipe Manufacturing and technology	Water Management	elimination	Technology
2013	2,780.19	350.49	-	-
2014	2,522.60	203.19	-	-
2015	2,584.39	324.24	-	-
2016	1,299.87	176.65	(112.50)	-
2017	720.09	158.21	(85.95)	-
2018	822.20	175.56	(50.17)	-
2019	706.57	105.65	(31.81)	-
2020	449.34	19.89	(28.22)	-
2021	420.08	61.07	(42.23)	-
2022	492.02	40.38	(23.58)	-

Financial Ratios

	Current
Market Cap (M Riyal)	1,414.46
Enterprise Value (EV) (M)	1,602.17
Shares Outstanding ((M))	44.55
EPS ( Riyal) (TTM)	10.23
Book Value (BV) ( Riyal)	21.07
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	3.10
Price/book	1.51
Return on Average Assets (%) (TTM)	20.4
Return on Average Equity (%) (TTM)	79.8

Saudi Arabian Amiantit Co. (AMIANTIT)

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Amiantit cuts H1 2023 loss to SAR 8.1 mln; Q2 at SAR 10.1 mln

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Financials (M)

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Financial results (Million)

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Profit Performance (Million)

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Per Share Data (Riyal)

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Saudi Arabian Amiantit Co. (AMIANTIT)

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Amiantit cuts H1 2023 loss to SAR 8.1 mln; Q2 at SAR 10.1 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

Share Price

Saudi Arabian Amiantit Co. (AMIANTIT)

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Business Segments (Million)