United Mining Industries' profit rises 66% to SAR 32 mln in 2022
04/09/2023
Argaam Exclusive
View other reports
United Mining Industries Co., slated to list on Nomu-Parallel Market, posted a SAR 32 million profit for 2022, an increase of 66% from SAR 19.3 million in 2021.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 190.78 | 241.81 | 26.8 % |
| Gross Income | 43.85 | 55.57 | 26.7 % |
| Operating Income | 24.72 | 37.70 | 52.5 % |
| Net Income | 19.32 | 32.04 | 65.9 % |
| Average Shares | 14.00 | 14.00 | - |
| EPS (Riyals) | 1.38 | 2.29 | 65.9 % |
The profit increase was driven by a 26% year-on-year (YoY) rise in revenues to SAR 241.8 million and a decrease in administrative and general expenses. On the other hand, operating profit margin increased 13% YoY.
Financing costs rose to SAR 5.1 million in 2022 from SAR 3.7 million in 2021.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|
Shareholders' equity, no minority interest, reached SAR 165.41 million by the end of 2022, compared to SAR 148.66 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 122.45 | - | 26.00 | - | 15.88 | - |
| H2 2022 | 119.36 | - | 29.58 | - | 21.81 | - |
| 2022 | 241.81 | 26.8 % | 55.57 | 26.7 % | 37.70 | 52.5 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 12.81 | - | 0.91 | - | 12.81 | 0.91 |
| H2 2022 | 19.24 | - | 1.37 | - | 19.24 | 1.37 |
| 2022 | 32.04 | 65.9 % | 2.29 | - | 32.04 | 2.29 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | 22.98 % | 22.04 % | 13.25 % |
| 2022 | 22.98 % | 22.04 % | 13.25 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 14.00 | - | - | 11.53 |
| H2 2022 | 14.00 | 2.29 | 2.29 | 11.82 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | - | - | - |
Business Segments (Million)
Q4 2022
| Period | Gypsum boards | Fiber cement boards | Others |
|---|---|---|---|
| Q2 2022 | 58.40 | 34.14 | 29.91 |
| Q4 2022 | 69.31 | 32.90 | 17.15 |
| Current | |
| Market Cap (M Riyal) | 537.60 |
| Enterprise Value (EV) (M) | 626.00 |
| Shares Outstanding ((M)) | 14.00 |
| Book Value (BV) ( Riyal) | 13.07 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 15.00 |
| Price/book | 2.94 |
Share Price
United Mining Industries Co. (UNITED MINING)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}