Raoom Trading Co. reported a net profit rise to SAR 46.6 million in 2023, compared to SAR 30.7 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 135.23 | 135.04 | (0.1 %) |
| Gross Income | 43.71 | 43.29 | (0.9 %) |
| Operating Income | 34.14 | 32.00 | (6.3 %) |
| Net Income | 30.74 | 46.58 | 51.5 % |
| Average Shares | 6.25 | 6.25 | - |
| EPS (Riyals) | 4.92 | 7.45 | 51.5 % |
The company reported non-recurring profits from short-term investments.
On the other hand, revenue was almost flat at SAR 135 million in 2023, edging down 0.14% year-on-year (YoY). Operating profit dropped by 9.58% to SAR 30.9 million from SAR 34.14 million in 2022, on higher general and administrative expenses. Raoom incurred additional fees on signing a non-binding memorandum of understating (MoU) to acquire an asset. The MoU was cancelled this year.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 37.03 | 34.44 | (7.0 %) |
| Gross Income | 13.41 | 10.48 | (21.9 %) |
| Operating Income | 10.01 | 5.76 | (42.4 %) |
| Net Income | 8.73 | 10.14 | 16.2 % |
| Average Shares | 6.25 | 6.25 | - |
| EPS (Riyals) | 1.40 | 1.62 | 16.2 % |
Shareholders’ equity, no minority interest, stood at SAR 136.43 million as of Dec. 31, 2023, compared to SAR 107.09 million a year earlier.
|
Interim Financial Statements |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
55.67 |
16.05 |
2.57 |
|
H2 2020 |
53.19 |
10.02 |
1.60 |
|
H1 2021 |
55.72 |
15.40 |
2.46 |
|
H2 2021 |
54.47 |
9.49 |
1.52 |
|
H1 2022 |
65.04 |
16.24 |
2.60 |
|
H2 2022 |
70.19 |
14.50 |
2.32 |
|
H1 2023 |
68.48 |
27.69 |
4.43 |
|
H2 2023 |
66.56 |
18.89 |
3.02 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2023 | 38.04 | 13.9 % | 13.92 | 58.6 % | 12.85 | 104.2 % | 2.06 |
| Q2 2023 | 30.44 | (3.8 %) | 7.37 | (43.7 %) | 14.84 | 49.2 % | 2.37 |
| Q3 2023 | 32.13 | (3.1 %) | 11.52 | 38.6 % | 8.74 | 51.3 % | 1.40 |
| Q4 2023 | 34.44 | (7.0 %) | 10.48 | (21.9 %) | 10.14 | 16.2 % | 1.62 |
| 2023 | 135.04 | (0.1 %) | 43.29 | (0.9 %) | 46.58 | 51.5 % | 7.45 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2023 | 34.84 % | - | 26.67 % |
| Q2 2023 | 31.02 % | - | 20.33 % |
| Q3 2023 | 33.58 % | 27.54 % | 22.06 % |
| Q4 2023 | 32.06 % | 24.95 % | 21.73 % |
| 2023 | 32.06 % | 27.80 % | 21.73 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2023 | 6.25 | 5.97 | 5.97 | - |
| Q2 2023 | 6.25 | 6.75 | 4.51 | 20.54 |
| Q3 2023 | 6.25 | 7.23 | 4.86 | 20.67 |
| Q4 2023 | 6.25 | 7.45 | 4.69 | 21.83 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2023 | 19.77 | 19.77 | - |
| Q2 2023 | 16.11 | 24.12 | 5.30 |
| Q3 2023 | 16.16 | 24.04 | 5.65 |
| Q4 2023 | 15.75 | 25.01 | 5.38 |
Q3 2023
| Period | Glass | Luxan and crystal | Plastic and acrylic |
|---|---|---|---|
| Q3 2023 | 27.62 | 4.24 | 0.27 |
| Current | |
| Market Cap (M Riyal) | 833.75 |
| Enterprise Value (EV) (M) | 754.20 |
| Shares Outstanding ((M)) | 6.25 |
| Book Value (BV) ( Riyal) | 21.83 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 28.42 |
| Price/book | 6.11 |
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