25/07/2022
Argaam Exclusive











Makkah Construction and Development Co. (MCDC) reported a net profit after Zakat and tax of SAR 86 million in H1 2022 ended May 30, versus a net loss of SAR 14 million a year earlier, buoyed by higher number of visitors on lifting the COVID-19 lockdown measures.







The company reported a net profit of SAR 78 million in Q2 2022, versus a net loss of SAR 4 million in a year-earlier period, boosted by higher revenue, increased occupancy rates and the rise in the number of visitors and pilgrims.




On a sequential basis, net profit increased by more than eight-fold.







Current Quarter Comparison (M)
























Item Q2 2021 Q2 2022 Change‬
Revenues

33.00


146.00
342.4 %
Gross Income

3.00


86.00
2766.7 %
Operating Income

(3.00)


79.00
2733.3 %
Net Income

(4.00)


78.00
2050.0 %
Average Shares

164.82


164.82
EPS (Riyals)

(0.02)


0.47
2050.0 %




Total shareholders’ equity, excluding minority interest, reached SAR 4.364 billion by the end of H1 2022, compared to SAR 5.112 billion a year earlier.











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Share Price














Makkah Construction and Development Co. (MCDC)




































Current
Market Cap (M Riyal) 12,361.22
Enterprise Value (EV) (M) 12,370.62
Book Value (BV) ( Riyal) 26.48
Adjusted P/E (Last12) More than 50
P/E (TTM) More than 50
Price/book 2.83
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 2.2


















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