Quara Finance 2023 profit up 6% to SAR 53.8M; Q4 profit at SAR 5.6M

26/03/2024 Argaam Exclusive

Quara Finance Co.’s net profit for 2023 rose by 6% to SAR 53.8 million, compared to SAR 50.8 million in 2022.

 

The profit rise was attributed to growing demand for financial products, as the company was able to maintain a good yield on the products year-on-year (YoY) due to its focus on retail products.



Financials (M)

Item 2022 2023 Change‬
Net income from finance commissions 156.12 178.71 14.5 %
Net Income 50.84 53.79 5.8 %
Average Shares 30.00 30.00 -
EPS (Riyals) 1.69 1.79 5.8 %

Q4 net profit fell 56% to SAR 5.6 million from SAR 12.8 million in Q4 2022.

 

Sequentially, Q4 profit fell 72.2% to SAR 20.2 million in Q3 2023.



Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Net income from finance commissions 76.79 85.64 11.5 %
Net Income 25.58 25.89 1.2 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.85 0.86 1.2 %

Total shareholders’ equity, no minority interest, increased to SAR 392.5 million as of Dec. 31, 2023, from SAR 338.73 million a year earlier.

View more financial results

 

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Share Price

Quara Finance Co.
17.10
(0.40) (2.29 %)

Quara Finance Co. (QUARA)

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Financial Ratios
Current
Market Cap (M) 513.00
Shares Outstanding ((M)) 30.00
Book Value (BV) ( Riyal) 13.08
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 9.54
Price/book 1.31
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Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 (0.64) - (0.04) - (0.64) (0.04)
H2 2019 5.38 - 0.36 - 5.38 0.36
H1 2020 (27.75) (4,241.1 %) (1.85) - (27.75) (1.85)
H2 2020 (23.62) (538.8 %) (0.79) - (23.62) (0.79)
H1 2021 1.24 104.5 % 0.04 - 1.24 0.04
H2 2021 30.55 229.4 % 1.02 - 30.55 1.02
H1 2022 25.26 1935.4 % 0.84 - 25.26 0.84
H2 2022 25.58 (16.3 %) 0.85 - 25.58 0.85
H1 2023 27.90 10.4 % 0.93 - 27.90 0.93
H2 2023 25.89 1.2 % 0.86 - 25.89 0.86
2023 53.79 5.8 % 1.79 - 53.79 1.79


Financial results (Million)

Period Commission income from finance and investments Change Net income from finance commissions Change
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 23.42 - 13.55 -
H2 2019 28.89 - 19.17 -
H1 2020 24.40 4.2 % 7.08 (47.7 %)
H2 2020 23.32 (19.3 %) 13.97 (27.1 %)
H1 2021 80.46 229.7 % 69.55 882.0 %
H2 2021 86.59 271.4 % 78.51 461.8 %
H1 2022 84.41 4.9 % 79.33 14.1 %
H2 2022 86.14 (0.5 %) 76.79 (2.2 %)
H1 2023 98.05 16.2 % 93.07 17.3 %
H2 2023 89.56 4.0 % 85.64 11.5 %
2023 187.61 10.0 % 178.71 14.5 %

Balance Sheet (B)

Period Assets Change Net Finance Investments Change
Q2 2014 - - - -
Q4 2014 - - - -
Q2 2015 - - - -
Q4 2015 - - - -
Q2 2016 - - - -
Q4 2016 - - - -
Q2 2017 - - - -
Q4 2017 - - - -
Q2 2018 - - - -
Q4 2018 - - - -
Q2 2019 - - - -
Q4 2019 0.40 - 0.34 -
Q2 2020 0.57 - 0.38 -
Q4 2020 1.03 155.3 % 0.88 158.8 %
Q2 2021 1.12 95.3 % 1.05 179.4 %
Q4 2021 1.10 7.3 % 0.87 (0.8 %)
Q2 2022 1.01 (9.9 %) 0.70 (33.6 %)
Q4 2022 0.93 (15.6 %) 0.71 (18.5 %)
Q2 2023 0.89 (12.0 %) 0.73 3.7 %
Q4 2023 0.77 (17.8 %) 0.68 (4.7 %)

Profitability

Period Return On Average Assets Return on Average Equity Net Profit/Investment Income & Other Financing Operations
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - 9.07 %
H1 2020 - (17.20 %) (41.97 %)
H2 2020 (7.18 %) (26.22 %) (107.64 %)
H1 2021 (2.64 %) (12.25 %) (21.56 %)
H2 2021 2.99 % 11.93 % 19.03 %
H1 2022 5.23 % 20.34 % 32.64 %
H2 2022 5.00 % 16.23 % 29.81 %
H1 2023 5.63 % 15.99 % 29.03 %
H2 2023 6.35 % 14.71 % 28.67 %
2023 6.35 % 14.71 % 28.67 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 15.00 - - 9.41
H2 2019 15.00 0.32 0.32 9.77
H1 2020 15.00 (1.49) (1.49) 7.92
H2 2020 30.00 (1.71) (1.71) 8.17
H1 2021 30.00 (0.75) (0.75) 8.22
H2 2021 30.00 1.06 1.06 9.60
H1 2022 30.00 1.86 1.86 10.08
H2 2022 30.00 1.69 1.69 11.29
H1 2023 30.00 1.78 1.78 12.22
H2 2023 30.00 1.79 1.79 13.08

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 - - -

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