Ladun Investment posts SAR 69.9 mln net profit in 9M 2021 on subsidiary sale

07/04/2022 Argaam Exclusive

Ladun Investment Co., which will be listed on Nomu-Paralell Market, reported a net profit of SAR 69.9 million for the first nine months of 2021, compared to a net profit of SAR 1.8 million a year earlier.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 352.75 526.71 49.3 %
Gross Income 52.50 53.53 2.0 %
Operating Income 4.80 9.26 93.1 %
Net Income 1.78 69.88 3819.2 %
Average Shares 500.00 500.00 -
EPS (Riyals) 0.00 0.14 3819.2 %

The profit growth was spurred by a 49.3% rise year-on-year (YoY) in revenue.

 

Ladun realized gains from sale of financial assets during the nine-month period at SAR 2.9 million, against net losses of SAR 5.1 million in the year-ago period.

 

The company also exited its stake in 3Bees Co., recording gains of SAR 61.9 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 176.73 124.30 (29.7 %)
Gross Income 24.28 17.67 (27.2 %)
Operating Income 5.77 (1.22) (121.1 %)
Net Income 4.81 (3.61) (175.0 %)
Average Shares 500.00 500.00 -
EPS (Riyals) 0.01 (0.01) (175.0 %)

Shareholders’ equity, after minority interest, stood at SAR 510.031 million.

 

Retained earnings reached SAR 11.169 million, or 2.2% of the company’s capital as of Sept. 30, 2021.

View More Financial Results

 

View other reports

Share Price

Ladun Investment Company
5.39
0.49 10.00 %

Ladun Investment Company (Ladun)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,675.00
Enterprise Value (EV) (M) 3,203.46
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 1.10
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 48.92
Price/book 4.85
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2023, Argaam Investment, All Rights Reserved
Call Request