Financial Results : Al Othaim Investment posts net profit of SAR 66 mln in Q1 2022

Al Othaim Investment posts net profit of SAR 66 mln in Q1 2022

19/05/2022 Argaam Exclusive

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Abdullah Al Othaim Investment Co., which will list shares soon on Saudi Exchange (Tadawul), posted an over twofold rise in net profit to SAR 66.3 million in Q1 2022, from SAR 32.7 million in the prior-year period.  



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 177.03 205.83 16.3 %
Gross Income 75.30 94.07 24.9 %
Operating Income 44.68 57.32 28.3 %
Net Income 32.69 66.33 102.9 %
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items () 0.33 0.66 102.9 %
EPS () 0.33 0.66 102.9 %

This growth was spurred by a 45.7% rise year-on-year (YoY) in gross profit, which pushed the first-quarter revenue higher by 16% YoY. The cost of sales-to-total sales declined to 54% from 57% in the first quarter of 2021.

 

The profit rise came despite an increase in selling, general and administrative expenses, as well as Zakat charges.

 

Shareholders’ equity stood at SAR 1.869 billion by the end of Q1 2022.

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 - - - - - -
Q2 2014 - - - - - -
Q3 2014 - - - - - -
Q4 2014 - - - - - -
Q1 2015 - - - - - -
Q2 2015 - - - - - -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 - - - - - -
Q2 2020 - - - - - -
Q3 2020 - - - - - -
Q4 2020 201.32 - 93.77 - 65.94 -
Q1 2021 177.03 - 75.30 - 44.68 -
Q2 2021 210.42 - 100.03 - 71.92 -
Q3 2021 221.29 - 110.14 - 72.81 -
Q4 2021 209.73 4.2 % 91.34 (2.6 %) 47.83 (27.5 %)
Q1 2022 205.83 16.3 % 94.07 24.9 % 57.32 28.3 %


Profit Performance (Million)

Period Net Income Change EPS() Extraordinary Income/Expense Net Profit Before Unusual Items EPS()
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 - - - - - -
Q2 2014 - - - - - -
Q3 2014 - - - - - -
Q4 2014 - - - - - -
Q1 2015 - - - - - -
Q2 2015 - - - - - -
Q3 2015 - - - - - -
Q4 2015 - - - - - -
Q1 2016 - - - - - -
Q2 2016 - - - - - -
Q3 2016 - - - - - -
Q4 2016 - - - - - -
Q1 2017 - - - - - -
Q2 2017 - - - - - -
Q3 2017 - - - - - -
Q4 2017 - - - - - -
Q1 2018 - - - - - -
Q2 2018 - - - - - -
Q3 2018 - - - - - -
Q4 2018 - - - - - -
Q1 2019 - - - - - -
Q2 2019 - - - - - -
Q3 2019 - - - - - -
Q4 2019 - - - - - -
Q1 2020 - - - - - -
Q2 2020 - - - - - -
Q3 2020 - - - - - -
Q4 2020 42.02 - 0.42 - 42.02 0.42
Q1 2021 32.69 - 0.33 - 32.69 0.33
Q2 2021 64.84 - 0.65 - 64.84 0.65
Q3 2021 77.81 - 0.78 21.62 56.19 0.56
Q4 2021 41.40 (1.5 %) 0.41 1.36 40.04 0.40
Q1 2022 66.33 102.9 % 0.66 - 66.33 0.66

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 46.82 % 53.06 % 24.16 %
Q4 2021 46.04 % 51.76 % 23.67 %
2021 46.04 % 51.76 % 24.27 %
Q1 2022 46.69 % 51.61 % 26.84 %


Per Share Data ()

Compared With The
Period Shares Outstanding (M) EPS () Earnings Per Share before unusual items () Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 - - - -
Q2 2020 - - - -
Q3 2020 - - - -
Q4 2020 100.00 - - 15.88
Q1 2021 100.00 - - -
Q2 2021 100.00 - - -
Q3 2021 100.00 2.17 1.96 17.81
Q4 2021 100.00 2.17 1.94 18.34
Q1 2022 100.00 2.50 2.27 18.69

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -

Business Segments (Million)

Compared With The
Period Rental of investment properties Food and drinks Entertainment Fashion Retail sales Adjustments and omissions Other
Q1 2021 101.87 3.16 40.44 31.49 - 0.08
Q2 2021 118.45 4.36 64.35 40.76 (17.58) 0.08
Q3 2021 109.45 4.48 80.28 34.99 (8.07) 0.15
Q4 2021 99.83 3.85 64.13 41.45 (55.97) 56.44
Q1 2022 98.89 3.86 67.29 35.74 - 0.04


Financial Ratios
Current
Market Cap (M Riyal) -
Enterprise Value (EV) (M Riyal) -
Shares Outstanding ((M)) 100.00
EPS ( Riyal) (TTM) 2.52
Book Value (BV) ( Riyal) 20.40
Par Value ( Riyal) 10.00
Recurring P/E -
P/E (TTM) -
Price/book -
Return on Average Assets (%) (TTM) 5.9
Return on Average Equity (%) (TTM) 13.2
EV/adj EBITDA -
EV/Revenues -
more

Share Price

Al Othaim Investment Co.

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