Naas Petrol H1 2024 net profit rises 36% to SAR 5.1M

28/08/2024 Argaam Exclusive
0

Naas Petrol Factory Co. posted a SAR 5.1 million net profit for H1 2024, an increase of 36% from SAR 3.8 million a year ago.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 45.12 40.44 (10.4 %)
Gross Income 8.16 10.20 25.0 %
Operating Income 4.15 5.44 31.2 %
Net Income 3.74 5.07 35.8 %
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items 1.25 1.69 35.8 %
EPS (Riyals) 1.25 1.69 35.8 %

The profit growth was driven by an annual decline in cost of sales by 18%, which led to higher gross profit. In addition, the company reported lower selling, distribution and Zakat expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 45.12 40.44 (10.4 %)
Gross Income 8.16 10.20 25.0 %
Operating Income 4.15 5.44 31.2 %
Net Income 3.74 5.07 35.8 %
Average Shares 3.00 3.00 -
Earnings Per Share before unusual items 1.25 1.69 35.8 %
EPS (Riyals) 1.25 1.69 35.8 %

Shareholders equity, no minority interest, rose to SAR 56.11 million by the end of June 30, 2024, compared to SAR 45.97 million in the year-ago period.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2023

45.12

3.74

1.25

H2 2023

46.24

4.96

1.65

H1 2024

40.44

5.07

1.69

 

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Share Price

Naas Petrol Factory Co.
60.00
0.00 0.00 %

Naas Petrol Factory Co. (NAAS PETROL)

1 Day 66.67 % 5 Days 66.67 % 3 Months (6.98 %) 6 Months 4.71 % Year 66.67 % 2 Years 66.67 % 5 Years 66.67 % All 66.67 %
Created with Highstock 6.0.710:0511:2012:3013:1013:1513:2013:2513:3059.8859.9059.9359.9559.9860.0060.0360.0560.0860.10
Close : 60.00 | Apr 15, 13:14
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Financial Ratios
Current
Market Cap (M Riyal) 180.00
Enterprise Value (EV) (M) 176.92
Shares Outstanding ((M)) 3.00
Book Value (BV) ( Riyal) 19.34
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 26.09
Price/book 3.10
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
Q2 2022 - - - - - -
Q3 2022 - - - - - -
Q4 2022 - - - - - -
Q1 2023 - - - - - -
Q2 2023 45.12 - 8.16 - 4.15 -
Q3 2023 - - - - - -
Q4 2023 46.24 - 11.72 - 5.76 -
2023 91.36 (17.0 %) 19.88 4.9 % 9.90 (8.2 %)
Q1 2024 - - - - - -
Q2 2024 40.44 (10.4 %) 10.20 25.0 % 5.44 31.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
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 - - - - - -
Q2 2022 - - - - - -
Q3 2022 - - - - - -
Q4 2022 - - - - - -
Q1 2023 - - - - - -
Q2 2023 3.74 - 1.25 - 3.74 1.25
Q3 2023 - - - - - -
Q4 2023 4.96 - 1.65 - 4.96 1.65
2023 8.70 (10.8 %) 2.90 - 8.70 2.90
Q1 2024 - - - - - -
Q2 2024 5.07 35.8 % 1.69 - 5.07 1.69

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 21.77 % 13.93 % 9.52 %
Q1 2024 - - -
Q2 2024 25.29 % 16.48 % 11.58 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
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 - - - -
Q2 2022 - - - -
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 - - - -
Q2 2023 3.00 - - 15.33
Q3 2023 - - - -
Q4 2023 3.00 2.90 2.90 17.01
Q1 2024 - - - -
Q2 2024 3.00 3.35 3.35 18.71

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 - - -
Q2 2023 - - -
Q3 2023 - - -
Q4 2023 - - -
Q1 2024 - - -
Q2 2024 - - -

Business Segments (Million)

Compared With The
Period Petrochemical weapons refining sector Other chemical products sector

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