2P profit rises to SAR 125.4M in 9M 2024, SAR36.9M in Q3

10/11/2024 Argaam Exclusive
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Perfect Presentation for Commercial Services Co. (2P) reported a 31% profit rise in the first nine months of 2024 to SAR 125.4 million from SAR 95.9 million a year earlier.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 741.77 775.23 4.5 %
Gross Income 155.07 167.46 8.0 %
Operating Income 121.32 122.82 1.2 %
Net Income 95.94 125.40 30.7 %
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items 0.32 0.31 (3.1 %)
EPS (Riyals) 0.32 0.42 30.7 %

During the nine-month period, revenue grew 4.5% to SAR 775 million from SAR 741 million a year earlier, supported by ongoing growth across business segments and the launch of the cybersecurity segment at the beginning of 2024.

 

Meanwhile, the company recorded capital gains in 2024 from compensation for its expropriated properties.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 270.32 268.60 (0.6 %)
Gross Income 57.59 59.07 2.6 %
Operating Income 45.10 41.74 (7.5 %)
Net Income 34.65 36.95 6.6 %
Average Shares 300.00 300.00 -
Earnings Per Share before unusual items 0.12 0.10 (11.0 %)
EPS (Riyals) 0.12 0.12 6.6 %

In Q3 2024, net profit grew 6.6% year-on-year (YoY) to SAR 36.95 million, from SAR 34.65 million in Q3 2023.

 

On a quarterly basis, net profit fell 37.1% from SAR 58.77 million in Q2 2024.

 

Total shareholders’ equity, no minority interest, rose to SAR 505.9 million by Sept. 30, 2024, from SAR 349.3 million in a prior-year period.

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Share Price

Perfect Presentation for Commercial Services Co.
13.52
0.26 1.96 %

Perfect Presentation for Commercial Services Co. (2P)

1 Day 1.96 % 5 Days 0.90 % 3 Months (1.02 %) 6 Months (11.86 %) Year (18.06 %) 2 Years 36.57 % 5 Years 43.07 % All 43.07 %
Created with Highstock 6.0.710:1010:2510:5511:1011:2011:3511:5012:0012:3012:5013:0013:1013:2513:3513:5014:0514:2014:4014:5515:157.727.747.767.787.807.827.847.867.887.90
Close : 7.88 | Mar 26, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 4,056.00
Enterprise Value (EV) (M) 4,474.65
Shares Outstanding ((M)) 300.00
EPS ( Riyal) (TTM) 0.54
Book Value (BV) ( Riyal) 1.81
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 30.98
P/E (TTM) 24.83
Price/book 7.45
Return on Average Assets (%) (TTM) 12.9
Return on Average Equity (%) (TTM) 19.0
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