Rawasi’s 2021 net profit falls 4% to SAR 17.5 mln

19/07/2022 Argaam Exclusive

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Rawasi Al-Bina Investment Co., which is expected to be listed on Nomu-Parallel Market shortly - reported a 4% decline in net profit to SAR 17.5 million for 2021, compared to SAR 18.3 million a year earlier.



Financials (M)

Item 2020 2021 Change‬
Revenues 91.42 95.53 4.5 %
Gross Income 28.20 30.01 6.4 %
Operating Income 23.72 23.97 1.1 %
Net Income 18.26 17.48 (4.2 %)
Average Shares 55.00 55.00 -
Earnings Per Share before unusual items (Riyals) 0.33 0.32 (4.2 %)
EPS (Riyals) 0.33 0.32 (4.2 %)

The profit decline was triggered by a 4% rise year-on-year (YoY) in cost of revenue and a 70% increase YoY in employee expenses, despite 5% YoY revenue growth.



Current Half Annual Comparison (M)

Compared With The
Item H2 2020 H2 2021 Change‬

Shareholders’ equity, excluding minority interest, stood at SAR 93.03 million by the end of 2021, compared to SAR 75.50 million a year earlier.

 

The company has two key sources of revenue: power projects that constituted 70.9% of 2021 revenue, versus 59.1% in 2020, and the installation and commissioning of all ranges of telecom equipment that accounted for 29.1% of 2021 revenue, compared to 40.9% in 2020.

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Share Price

Rawasi Albina Investment Co.
4.15
(0.05) (1.19 %)

Rawasi Albina Investment Co. (RAWASI)

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Financial Ratios
Current
Market Cap (M Riyal) 228.25
Enterprise Value (EV) (M) 298.61
Shares Outstanding ((M)) 55.00
Book Value (BV) ( Riyal) 2.64
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 24.67
Price/book 1.57
more


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 - - - - - -
H2 2020 - - - - - -
H1 2021 45.45 - 14.31 - 11.72 -
H2 2021 50.09 - 15.70 - 12.25 -
2021 95.53 4.5 % 30.01 6.4 % 23.97 1.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share 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 - - - - - -
H1 2021 10.08 - 0.18 - 10.08 0.18
H2 2021 7.41 - 0.13 - 7.41 0.13
2021 17.48 (4.2 %) 0.32 - 17.48 0.32

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 - - -
H1 2021 - - -
H2 2021 31.41 % 29.46 % 18.30 %
2021 31.41 % 29.46 % 18.30 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (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 - - - -
H2 2020 - - - -
H1 2021 55.00 - - 1.56
H2 2021 55.00 0.32 0.32 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 - - -
H2 2021 - - -

Business Segments (Million)

Compared With The
Period Electricity installation and connection service Communications installation and connection services Selling shutters and communications supplies

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