Atlas Elevators posts 11% profit drop to SAR 9.5 mln in 2022
03/08/2023
Argaam Exclusive
View other reports
Atlas Elevators General Trading & Contracting Co., which will list shares on Nomu-Parallel Market soon, reported an 11% decline in 2022 net profit to SAR 9.5 million from SAR 10.7 million a year earlier.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|
The company attributed the decline in 2022 profit year-on-year (YoY) to a 2% fall in full-year revenues, a drop in gross profit margin from 34% in 2021 to 32%, as well as the decline in net operating profit and rise in financing costs. This came despite the rise in other revenues and the fall in Zakat expenses.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|
Shareholders' equity (excluding minority interest) amounted to SAR 63 million by the end of 2022, compared to SAR 55.7 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 37.61 | (52.6 %) | 13.45 | (50.1 %) | 5.08 | (52.7 %) |
| H2 2022 | 39.74 | - | 11.64 | - | 3.93 | - |
| 2022 | 77.34 | - | 25.08 | - | 9.01 | - |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 5.20 | (51.3 %) | 1.08 | - | 5.20 | 1.08 |
| H2 2022 | 4.32 | - | 0.90 | - | 4.32 | 0.90 |
| 2022 | 9.53 | - | 1.99 | - | 9.53 | 1.99 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | 32.43 % | 16.51 % | 12.32 % |
| 2022 | 32.43 % | 16.51 % | 12.32 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 4.80 | - | - | 12.19 |
| H2 2022 | 4.80 | 1.99 | 1.99 | 13.13 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | - | - | - |
Business Segments (Million)
Q4 2022
| Period | Installation | Maintenance of elevators installed by the company | Third-party elevator maintenance |
|---|---|---|---|
| Q2 2022 | 34.36 | 3.05 | 0.20 |
| Q4 2022 | 34.52 | 5.03 | 0.19 |
| Current | |
| Market Cap (M Riyal) | 119.16 |
| Enterprise Value (EV) (M) | 89.81 |
| Shares Outstanding ((M)) | 6.00 |
| Book Value (BV) ( Riyal) | 15.40 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 16.19 |
| Price/book | 1.29 |
Share Price
Atlas Elevators General Trading and Contracting Co. (ATLAS ELEVATORS)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}