Financial Results : Banan Real Estate H1 2021 profit rises 53% to SAR 12.9 mln

Banan Real Estate H1 2021 profit rises 53% to SAR 12.9 mln

31/08/2021 Argaam Exclusive

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Banan Real Estate Co. reported a net profit after Zakat and tax of SAR 12.9 million in H1 2021, an increase of 53%, compared to SAR 8.5 million in the year-earlier period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 6.25 8.92 42.7 %
Gross Income 4.97 7.66 54.1 %
Operating Income 3.35 6.03 80.2 %
Net Income 8.46 12.91 52.6 %
Average Shares 200.00 200.00 -
EPS (Riyals) 0.04 0.06 52.6 %

The profit jump was driven by higher profit share from associates and joint ventures, in addition to higher rental income.



Current Half Annual Comparison (M)

Compared With The
Item H1 2020 H1 2021 Change‬
Revenues 6.25 8.92 42.7 %
Gross Income 4.97 7.66 54.1 %
Operating Income 3.35 6.03 80.2 %
Net Income 8.46 12.91 52.6 %
Average Shares 200.00 200.00 -
EPS (Riyals) 0.04 0.06 52.6 %

The company obtained the Capital Market Authority’s (CMA) approval to list shares on Nomu Parallel Market on June 28, while shares began trading on Aug. 11.

 

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2012 - - - - - -
H2 2012 - - - - - -
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 6.25 - 4.97 - 3.35 -
H2 2020 6.24 - 5.83 - 4.63 -
H1 2021 8.92 42.7 % 7.66 54.1 % 6.03 80.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2012 - - - - - -
H2 2012 - - - - - -
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 8.46 - 0.04 - 8.46 0.04
H2 2020 8.04 - 0.04 - 8.04 0.04
H1 2021 12.91 52.6 % 0.06 - 12.91 0.06

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2012 - - -
H2 2012 - - -
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 86.44 % 84.98 % 132.10 %
H1 2021 88.98 % 87.62 % 138.21 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2012 - - - -
H2 2012 - - - -
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 200.00 - - -
H2 2020 200.00 0.08 0.08 1.60
H1 2021 200.00 0.10 0.10 1.69

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2012 - - -
H2 2012 - - -
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 - - -

Business Segments (Million)

Compared With The
Period Leasing revenue


Financial Ratios
Current
Market Cap (M Riyal) 1,710.00
Enterprise Value (EV) (M) 1,933.76
Shares Outstanding ((M)) 200.00
Book Value (BV) ( Riyal) 1.90
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
Price/book 4.51
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Share Price

Banan Real Estate Co.
8.55
0.48 5.95 %

Banan Real Estate Co. (BANAN)

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