Mulkia Investment H1 2023 profit up 40% to SAR 13.5M

19/09/2023 Argaam Exclusive

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Share Price

Mulkia Investment Co. (MULKIA)

Mulkia Investment Co., slated to be listed on Nomu-Parallel Market, posted SAR 13.5 million in net profit for the first half of 2023, up 40% from SAR 9.6 million in the year-ago period.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	18.42	23.59	28.0 %
Gross Income	12.96	17.56	35.5 %
Operating Income	10.48	14.64	39.6 %
Net Income	9.62	13.50	40.3 %
Average Shares	6.50	6.50	-
EPS (Riyals)	1.48	2.08	40.3 %

The profit rise was spurred by a 28% year-on-year (YoY) increase in revenues to SAR 23.6 million in H1 2023. Additionally, the gross profit margin grew from 70% in H1 2022 to SAR %74 in H1 2023, paired with an increase in operating profit margin from 57% in H1 2022 to 62% in H1 2023, the company said.

Shareholders' equity (no minority interest) soared to SAR 81.35 million in H1 2023, compared to SAR 75.93 million in the year-ago period.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
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	16.31	-	10.65	-	2.42	-	0.37
Q1 2019	-	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-	-
2019	17.01	4.3 %	13.30	24.8 %	4.37	81.0 %	0.67
Q1 2020	-	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-	-
2020	20.84	22.5 %	17.11	28.7 %	4.33	(0.9 %)	0.67
Q1 2021	-	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-	-
2021	24.83	19.2 %	15.44	(9.8 %)	8.34	92.4 %	1.28
Q1 2022	-	-	-	-	-	-	-
Q2 2022	-	-	-	-	-	-	-
Q3 2022	-	-	-	-	-	-	-
Q4 2022	-	-	-	-	-	-	-
2022	36.84	48.3 %	24.77	60.4 %	16.32	95.8 %	2.51
Q1 2023	-	-	-	-	-	-	-
Q2 2023	-	-	-	-	-	-	-

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2013	-	-	-	-	-	-	-
2014	-	-	-	-	-	-	-
2015	-	-	-	-	-	-	-
2016	-	-	-	-	-	-	-
2017	-	-	-	-	-	-	-
2018	16.31	-	10.65	-	2.42	-	0.37
2019	17.01	4.3 %	13.30	24.8 %	4.37	81.0 %	0.67
2020	20.84	22.5 %	17.11	28.7 %	4.33	(0.9 %)	0.67
2021	24.83	19.2 %	15.44	(9.8 %)	8.34	92.4 %	1.28
2022	36.84	48.3 %	24.77	60.4 %	16.32	95.8 %	2.51

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	65.34 %	21.43 %	14.82 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	78.17 %	30.17 %	25.71 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	82.10 %	30.77 %	20.79 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	62.17 %	42.29 %	33.57 %
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
2022	67.23 %	61.79 %	44.31 %
Q1 2023	-	-	-
Q2 2023	-	-	-

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	65.34 %	21.43 %	14.82 %
2019	78.17 %	30.17 %	25.71 %
2020	82.10 %	30.77 %	20.79 %
2021	62.17 %	42.29 %	33.57 %
2022	67.23 %	61.79 %	44.31 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
Q1 2023	-	-	-
Q2 2023	-	-	-

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	-	-	-	-
Q3 2022	-	-	-	-
Q4 2022	-	-	-	-
Q1 2023	-	-	-	-
Q2 2023	-	-	-	-

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	6.50	0.37	0.37	8.61
2019	6.50	0.67	0.67	9.27
2020	6.50	0.67	0.67	9.94
2021	6.50	1.28	1.28	10.71
2022	6.50	2.51	2.51	10.36

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
Q1 2023	-	-	-
Q2 2023	-	-	-

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	-	-	-

Business Segments (Million)

Compared With The

Period	Asset management	Investment	Others

Period	Asset management	Investment	Others
2018	15.65	(0.84)	1.50
2019	12.13	4.88	-
2020	18.29	2.55	-
2021	17.36	7.37	0.10
2022	31.47	5.36	-

Financial Ratios

	Current
Market Cap (M Riyal)	244.08
Enterprise Value (EV) (M)	191.63
Shares Outstanding ((M))	6.50
Book Value (BV) ( Riyal)	13.74
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	11.73
Price/book	2.73

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Mulkia Investment H1 2023 profit up 40% to SAR 13.5M

View other reports

Share Price

Mulkia Investment Co. (MULKIA)

Financials (M)

Financial results (Million)

Profitability

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

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Mulkia Investment H1 2023 profit up 40% to SAR 13.5M

View other reports

Share Price

Mulkia Investment Co. (MULKIA)

Financials (M)

Financial results (Million)

Profitability

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Business Segments (Million) 2023

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

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Business Segments (Million)