United International 9M 2024 net profit rises to SAR 158.1M; Q3 at SAR 59M

03/12/2024 Argaam Exclusive

United International Holding Co. posted a net profit of SAR 158.1 million for the first nine months of 2024, a slight increase year-on-year (YoY) from SAR 156.8 million.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Net income from finance commissions 337.28 392.27 16.3 %
Net Income 156.82 158.13 0.8 %
Average Shares 25.00 25.00 -
EPS (Riyals) 6.27 6.33 0.8 %

The profit increase was driven by a 20% increase in the consumer finance portfolio of United Company for Financial Services (Tasheel Finance) due to its Shariah compliant financing solutions, which led to increase in the company's revenue by 17.7%.

 

However, this was offset by the increase of expected credit loss provisions, and selling, marketing, general and administrative expenses.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Net income from finance commissions 115.38 140.69 21.9 %
Net Income 53.07 58.95 11.1 %
Average Shares 25.00 25.00 -
EPS (Riyals) 2.12 2.36 11.1 %

Q3 2024 net profit rose 11% to SAR 59 million from SAR 53.07 million a year earlier.

 

Sequentially, net profit grew 25.9% from SAR 46.8 million in Q2 2024.

 

Shareholders' equity (no minority rights) amounted to SAR 1.04 billion by the end of 9M 2024, compared to SAR 835.1 million in the same period a year earlier.

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Share Price

United International Holding Co.
167.00
(5.60) (3.24 %)

United International Holding Co. (UIHC)

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Financial Ratios
Current
Market Cap (M) 4,175.00
Shares Outstanding ((M)) 25.00
EPS ( Riyal) (TTM) 8.54
Book Value (BV) ( Riyal) 41.95
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.56
P/E (TTM) 19.56
Price/book 3.98
Return on Average Assets (%) (TTM) -
Return on Average Equity (%) (TTM) 22.7
more


Financial results (Million)

Period Commission income from finance and investments Change Net income from finance commissions 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 - - - -
Q3 2023 132.26 - 115.38 -
Q4 2023 383.21 - 123.34 -
Q1 2024 139.44 - 121.04 -
Q2 2024 149.82 - 130.54 -
Q3 2024 161.69 22.3 % 140.69 21.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO 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 53.07 - 2.12 - 53.07 2.12
Q4 2023 55.35 - 2.21 - 55.35 2.21
Q1 2024 52.35 - 2.09 - 52.35 2.09
Q2 2024 46.82 - 1.87 - 46.82 1.87
Q3 2024 58.95 11.1 % 2.36 - 58.95 2.36

Balance Sheet (B)

Period Assets Change Net Finance Investments 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 - - - -
Q3 2023 1.94 - 1.87 -
Q4 2023 1.94 - 1.87 -
Q1 2024 - - - -
Q2 2024 2.19 - 2.10 -
Q3 2024 2.33 20.5 % 2.25 20.4 %

Profitability

Period Return On Average Assets Return on Average Equity Net Profit/Investment Income & Other Financing Operations
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 - - 36.93 %
Q3 2024 - 22.66 % 36.09 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (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 - - - -
Q3 2023 25.00 - - -
Q4 2023 25.00 - - 35.63
Q1 2024 25.00 - - -
Q2 2024 25.00 8.30 8.30 39.59
Q3 2024 25.00 8.54 8.54 41.95

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 - - -
Q3 2024 - - -

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