WAJA Co.’s net profit fell 30% to SAR 8.3 million in H1 2022, compared to SAR 11.8 million in the year-ago period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 36.49 | 43.97 | 20.5 % |
| Gross Income | 15.12 | 11.84 | (21.7 %) |
| Operating Income | 12.01 | 9.11 | (24.1 %) |
| Net Income | 11.80 | 8.30 | (29.7 %) |
| Average Shares | 70.00 | 70.00 | - |
| EPS (Halala) | 16.85 | 11.85 | (29.7 %) |
The profit decline is attributed to lower gross profit margin of 27% for the current period, compared to 41% for the same period a year earlier, as revenue costs increased by 50%.
Operating profit margin also fell to 21% from 33% in the comparative period, despite recording a provision for potential claims formed during the previous period.
The current period also witnessed the recording of financing costs, higher Zakat expense, and lower share of profits from investments in associates.
This came despite higher revenue compared to the same period the previous year.
Total shareholders’ equity, no minority interest, reached SAR 62.82 million by the end of the six-month period, from SAR 47.15 million a year earlier.
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Halala) |
|---|---|---|---|---|---|---|---|
| Q1 2013 | - | - | - | - | - | - | - |
| Q2 2013 | - | - | - | - | - | - | - |
| Q3 2013 | - | - | - | - | - | - | - |
| Q4 2013 | - | - | - | - | - | - | - |
| 2013 | - | - | - | - | - | - | - |
| Q1 2014 | - | - | - | - | - | - | - |
| Q2 2014 | - | - | - | - | - | - | - |
| Q3 2014 | - | - | - | - | - | - | - |
| Q4 2014 | - | - | - | - | - | - | - |
| 2014 | - | - | - | - | - | - | - |
| Q1 2015 | - | - | - | - | - | - | - |
| Q2 2015 | - | - | - | - | - | - | - |
| Q3 2015 | - | - | - | - | - | - | - |
| Q4 2015 | - | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - | - |
| Q1 2016 | - | - | - | - | - | - | - |
| Q2 2016 | - | - | - | - | - | - | - |
| Q3 2016 | - | - | - | - | - | - | - |
| Q4 2016 | - | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - | - |
| Q1 2017 | - | - | - | - | - | - | - |
| Q2 2017 | - | - | - | - | - | - | - |
| Q3 2017 | - | - | - | - | - | - | - |
| Q4 2017 | - | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - | - |
| Q1 2018 | - | - | - | - | - | - | - |
| Q2 2018 | - | - | - | - | - | - | - |
| Q3 2018 | - | - | - | - | - | - | - |
| Q4 2018 | - | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - | - |
| Q1 2019 | - | - | - | - | - | - | - |
| Q2 2019 | - | - | - | - | - | - | - |
| Q3 2019 | - | - | - | - | - | - | - |
| Q4 2019 | - | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - | - |
| Q1 2020 | - | - | - | - | - | - | - |
| Q2 2020 | - | - | - | - | - | - | - |
| Q3 2020 | - | - | - | - | - | - | - |
| Q4 2020 | - | - | - | - | - | - | - |
| 2020 | 47.17 | - | 19.51 | - | 15.97 | - | 28.80 |
| Q1 2021 | - | - | - | - | - | - | - |
| Q2 2021 | - | - | - | - | - | - | - |
| Q3 2021 | - | - | - | - | - | - | - |
| Q4 2021 | - | - | - | - | - | - | - |
| 2021 | 79.03 | 67.6 % | 23.16 | 18.7 % | 17.36 | 8.7 % | 24.80 |
| Q1 2022 | - | - | - | - | - | - | - |
| Q2 2022 | - | - | - | - | - | - | - |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Halala) |
|---|---|---|---|---|---|---|---|
| 2012 | - | - | - | - | - | - | - |
| 2013 | - | - | - | - | - | - | - |
| 2014 | - | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - | - |
| 2020 | 47.17 | - | 19.51 | - | 15.97 | - | 28.80 |
| 2021 | 79.03 | 67.6 % | 23.16 | 18.7 % | 17.36 | 8.7 % | 24.80 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2013 | - | - | - |
| Q2 2013 | - | - | - |
| Q3 2013 | - | - | - |
| Q4 2013 | - | - | - |
| 2013 | - | - | - |
| Q1 2014 | - | - | - |
| Q2 2014 | - | - | - |
| Q3 2014 | - | - | - |
| Q4 2014 | - | - | - |
| 2014 | - | - | - |
| Q1 2015 | - | - | - |
| Q2 2015 | - | - | - |
| Q3 2015 | - | - | - |
| Q4 2015 | - | - | - |
| 2015 | - | - | - |
| Q1 2016 | - | - | - |
| Q2 2016 | - | - | - |
| Q3 2016 | - | - | - |
| Q4 2016 | - | - | - |
| 2016 | - | - | - |
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | - | - | - |
| 2017 | - | - | - |
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | - | - | - |
| Q4 2018 | - | - | - |
| 2018 | - | - | - |
| Q1 2019 | - | - | - |
| Q2 2019 | - | - | - |
| Q3 2019 | - | - | - |
| Q4 2019 | - | - | - |
| 2019 | - | - | - |
| Q1 2020 | - | - | - |
| Q2 2020 | - | - | - |
| Q3 2020 | - | - | - |
| Q4 2020 | - | - | - |
| 2020 | 41.36 % | 38.84 % | 33.85 % |
| Q1 2021 | - | - | - |
| Q2 2021 | - | - | - |
| Q3 2021 | - | - | - |
| Q4 2021 | - | - | - |
| 2021 | 29.31 % | 23.27 % | 19.88 % |
| Q1 2022 | - | - | - |
| Q2 2022 | - | - | - |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2012 | - | - | - |
| 2013 | - | - | - |
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | 41.36 % | 38.84 % | 33.85 % |
| 2021 | 29.31 % | 23.27 % | 19.88 % |
| 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 | - | - | - |
| Q4 2021 | - | - | - |
| Q1 2022 | - | - | - |
| Q2 2022 | - | - | - |
| Period | Shares Outstanding (M) | EPS (Halala) | Adjusted EPS (Halala) | 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 | - | - | - | - |
| Q1 2021 | - | - | - | - |
| Q2 2021 | - | - | - | - |
| Q3 2021 | - | - | - | - |
| Q4 2021 | - | - | - | - |
| Q1 2022 | - | - | - | - |
| Q2 2022 | - | - | - | - |
| Period | Shares Outstanding (M) | EPS (Halala) | Adjusted EPS (Halala) | Book Value (BV) |
|---|---|---|---|---|
| 2012 | - | - | - | - |
| 2013 | - | - | - | - |
| 2014 | - | - | - | - |
| 2015 | - | - | - | - |
| 2016 | - | - | - | - |
| 2017 | - | - | - | - |
| 2018 | - | - | - | - |
| 2019 | - | - | - | - |
| 2020 | 55.45 | 28.80 | 28.80 | 0.52 |
| 2021 | 70.00 | 24.80 | 22.45 | 0.75 |
| Period | P/E | Adjusted 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 | - | - | - |
| Q2 2022 | - | - | - |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2012 | - | - | - |
| 2013 | - | - | - |
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | - | - | - |
| 2021 | - | - | - |
2022
2022
| Period | Contracting business sector | Operation and maintenance sector |
|---|
| Period | Contracting business sector | Operation and maintenance sector |
|---|---|---|
| 2021 | 71.65 | 7.38 |
| Current | |
| Market Cap (M Riyal) | 445.90 |
| Enterprise Value (EV) (M) | 454.69 |
| Shares Outstanding ((M)) | 70.00 |
| Book Value (BV) ( Riyal) | 1.36 |
| Par Value ( Halala) | 50.00 |
| Adjusted P/E (Last12) | 19.50 |
| Price/book | 4.68 |
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