AI Summary
Logo of Saudi Top Trading Co.
Saudi Top Trading Co. reported a net profit of SAR 23.4 million (SAR 5.86 per share) during the first half of 2022, a nearly two-fold increase from SAR 6.6 million a year earlier.
|
Income Statement (SAR mln) |
|||
|
Item |
June 2021 |
June 2022 |
Change % |
|
Revenue |
92.9 |
105.8 |
+14 % |
|
Gross Profit |
15.1 |
34.5 |
128+ % |
|
Gross Profit Margin (%) |
16.3% |
32.6% |
+16.3% |
|
Net Profit |
6.6 |
23.4 |
+254 % |
|
Number of Shares |
4.0 |
4.0 |
-- |
|
EPS |
1.65 |
5.86 |
+ 254% |
The increase in profits is mainly due to the growth in revenues by 14% year-on-year (YoY) to reach SAR 105.8 million, driven by the increase in revenue from the industrial and commercial segments.
Profit margins improved by 16.3% compared to the same period last year to reach 32.6% by the end of H1 2022.
The following table shows the most important items of the income statement for 2020 and 2021:
|
Income Statement (SAR mln) |
|||
|
Item |
2020 |
2021 |
Change % |
|
Revenue |
100.1 |
191.8 |
+92% |
|
Gross Profit |
23.0 |
35.7 |
+56% |
|
Gross Profit Margin (%) |
22.9 % |
18.6 % |
(4.3%) |
|
Net Profit |
11.1 |
17.1 |
+55% |
|
Number of Shares |
4.0 |
4.0 |
-- |
|
EPS |
2.77 |
4.27 |
+55% |
The table below indicates sales per operating segment:
|
Operating Segments Sales (SAR mln) |
|||
|
Segment |
2020 |
2021 |
Change% |
|
Commercial activities |
19.3 |
28.5 |
+47% |
|
Industrial activities |
80.7 |
163.3 |
+102% |
|
Total Sales |
100.1 |
191.8 |
+92% |
The following table illustrates sales by region:
|
Sales Values, Quantities by Region |
||||||
|
Region |
2020 |
2021 |
June 2022 |
|||
|
Quantity (‘000 tons) |
Value (SAR mln) |
Quantity (‘000 tons) |
Value (SAR mln) |
Quantity (‘000 tons) |
Value (SAR mln) |
|
|
Exports |
30.7 |
80.7 |
40.2 |
163.3 |
18.5 |
86.2 |
|
Local market |
7.8 |
19.3 |
8.2 |
28.5 |
4.7 |
19.6 |
|
Total |
38.6 |
100.1 |
48.3 |
191.8 |
23.2 |
105.8 |
The following table shows most significant balance sheet items:
|
Most Significant Balance Sheet Items (SAR mln) |
|||
|
Item |
2020 |
2021 |
June 2022 |
|
Cash and cash equivalent |
24.5 |
25.8 |
21.5 |
|
Current assets |
57.1 |
77.4 |
78.7 |
|
Non-current assets |
14.5 |
29.0 |
28.4 |
|
Total assets |
71.7 |
106.5 |
107.1 |
|
Short-term loans |
10.0 |
12.6 |
-- |
|
Current liabilities |
22.8 |
45.8 |
28.5 |
|
Long-term loans |
10.0 |
-- |
-- |
|
Non-current liabilities |
12.3 |
1.9 |
2.4 |
|
Total liabilities |
35.0 |
47.8 |
30.9 |
|
Capital |
1.0 |
40.0 |
40.0 |
|
Shareholders’ equity |
36.6 |
58.7 |
76.2 |
The table below shows the most important financial indicators:
|
Most Important Financial Indicators |
|||
|
Indicators |
2020 |
2021 |
June 2022 |
|
Gross profit margin (%) |
22.9% |
18.6% |
32.6% |
|
Net profit margin (%) |
11.1% |
8.9% |
22.2% |
|
ROE |
30.2% |
29.1% |
30.8% |
|
ROA |
15.4% |
16.1% |
21.9% |
|
L/A ratio (%) |
49% |
45% |
29% |
|
Debt to equity ratio (%) |
96% |
81% |
41% |
Be the first to comment
Comments Analysis: