Shams 9M 2022 net loss shrinks to SAR 1.2 mln; Q3 loss at SAR 1.4 mln

10/11/2022 Argaam Exclusive

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Tourism Enterprise Co. (Shams) trimmed net loss after Zakat and tax to SAR 1.2 million for the first nine months of 2022, from SAR 14 million in the year-earlier period, on lower allocated provisions and general and administrative (G&A) expenses as well as higher revenue.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	12.22	7.30	(40.3 %)
Gross Income	3.33	0.74	(77.8 %)
Operating Income	(13.16)	(1.12)	91.5 %
Net Income	(14.04)	(1.23)	91.2 %
Average Shares	677.40	677.40	0.0 %
EPS (Halala)	(2.07)	(0.18)	91.2 %

The company incurred a net loss after Zakat and tax of SAR 1.4 million in Q3 2022, versus a net profit after Zakat and tax of SAR 93,670 in the year-ago period.

This was due to lower occupancy rate as a result of lifting travel restrictions and summer vacations as well as increased Zakat provisions and G&A expenses.

On a sequential basis, Shams swung to losses, versus a net profit of SAR 67,959 in Q2 2022.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	4.24	2.57	(39.5 %)
Gross Income	0.79	0.21	(73.7 %)
Operating Income	0.07	(1.38)	(2216.9 %)
Net Income	0.09	(1.39)	(1575.7 %)
Average Shares	677.40	677.40	0.0 %
EPS (Halala)	0.01	(0.20)	(1575.7 %)

Item	Q2 2022	Q3 2022	Change‬
Revenues	2.48	2.57	3.5 %
Gross Income	0.04	0.21	464.9 %
Operating Income	0.13	(1.38)	(1175.0 %)
Net Income	0.07	(1.39)	(2140.0 %)
Average Shares	677.40	677.40	0.0 %
EPS (Halala)	0.01	(0.20)	(2140.0 %)

Total shareholders’ equity, excluding minority interest, stood at SAR 54.126 million as of Sept. 30, 2022, compared to SAR 55.56 million in the year before.

Accumulated losses reached SAR 1.353 million during the same period, accounting for 2.58% of capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	4.88	37.8 %	2.82	16.5 %	0.69	39.6 %
Q2 2013	5.51	9.6 %	4.13	13.3 %	1.74	12.7 %
Q3 2013	6.11	(2.4 %)	4.66	9.1 %	2.31	3.9 %
Q4 2013	4.69	(12.1 %)	3.22	14.5 %	0.39	9.5 %
2013	21.19	5.1 %	14.82	12.8 %	5.14	11.1 %
Q1 2014	4.18	(14.3 %)	3.24	15.1 %	0.75	8.2 %
Q2 2014	6.19	12.4 %	4.62	11.9 %	1.80	3.4 %
Q3 2014	7.49	22.5 %	5.08	9.0 %	2.36	2.3 %
Q4 2014	4.70	0.2 %	3.31	2.8 %	0.41	5.6 %
2014	22.56	6.5 %	16.24	9.6 %	5.33	3.7 %
Q1 2015	5.00	19.4 %	3.63	12.2 %	0.80	6.1 %
Q2 2015	5.49	(11.4 %)	4.69	1.5 %	1.84	2.3 %
Q3 2015	7.04	(6.0 %)	5.13	1.1 %	2.40	1.9 %
Q4 2015	3.38	(28.0 %)	0.58	(82.4 %)	(3.03)	(832.4 %)
2015	20.90	(7.3 %)	14.03	(13.6 %)	2.02	(62.0 %)
Q1 2016	4.73	(5.3 %)	2.47	(32.0 %)	0.60	(25.0 %)
Q2 2016	4.44	(19.2 %)	2.04	(56.4 %)	0.85	(53.7 %)
Q3 2016	5.68	(19.4 %)	2.38	(53.7 %)	0.43	(82.0 %)
Q4 2016	3.52	4.2 %	0.06	(90.2 %)	(1.38)	54.4 %
2016	18.36	(12.1 %)	6.87	(51.0 %)	0.50	(75.2 %)
Q1 2017	3.11	(34.3 %)	0.74	(70.2 %)	(1.05)	(274.7 %)
Q2 2017	3.73	(16.0 %)	1.49	(26.9 %)	0.11	(87.6 %)
Q3 2017	4.29	(24.4 %)	1.54	(35.3 %)	0.28	(36.0 %)
Q4 2017	2.50	(29.2 %)	0.04	(22.8 %)	(1.63)	(17.8 %)
2017	13.64	(25.7 %)	3.83	(44.3 %)	(2.27)	(551.4 %)
Q1 2018	3.22	3.5 %	1.95	164.0 %	(1.76)	(68.8 %)
Q2 2018	2.99	(19.9 %)	0.19	(87.0 %)	(1.09)	(1132.1 %)
Q3 2018	3.77	(12.2 %)	1.03	(33.1 %)	(0.57)	(304.0 %)
Q4 2018	2.45	(1.6 %)	(0.37)	(947.7 %)	(2.87)	(76.2 %)
2018	12.43	(8.9 %)	1.59	(58.4 %)	(6.30)	(177.8 %)
Q1 2019	2.41	(25.0 %)	(0.20)	(110.3 %)	(3.73)	(111.6 %)
Q2 2019	3.78	26.5 %	1.53	688.7 %	(0.13)	87.8 %
Q3 2019	4.05	7.4 %	1.25	21.6 %	(0.20)	65.0 %
Q4 2019	2.45	0.0 %	(0.98)	(161.4 %)	(5.74)	(100.2 %)
2019	12.69	2.1 %	1.79	12.2 %	(9.76)	(55.0 %)
Q1 2020	1.73	(28.2 %)	(0.95)	(375.5 %)	(2.58)	30.9 %
Q2 2020	2.14	(43.5 %)	(0.35)	(123.1 %)	(1.84)	(1,282.0 %)
Q3 2020	6.39	57.9 %	3.23	158.9 %	(1.27)	(543.4 %)
Q4 2020	5.80	136.4 %	3.50	459.4 %	0.13	102.2 %
2020	16.06	26.5 %	5.43	204.1 %	(5.56)	43.0 %
Q1 2021	3.21	85.1 %	0.50	152.6 %	(0.81)	68.8 %
Q2 2021	4.77	123.6 %	1.51	527.5 %	(12.42)	(575.6 %)
Q3 2021	4.24	(33.7 %)	0.79	(75.4 %)	0.07	105.1 %
Q4 2021	3.76	(35.2 %)	1.82	(48.0 %)	0.19	50.8 %
2021	15.98	(0.5 %)	5.15	(5.3 %)	(12.97)	(133.0 %)
Q1 2022	2.25	(29.8 %)	0.23	(53.4 %)	0.13	115.9 %
Q2 2022	2.48	(48.0 %)	0.04	(97.5 %)	0.13	101.0 %
Q3 2022	2.57	(39.5 %)	0.21	(73.7 %)	(1.38)	(2216.9 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	20.16	14.5 %	13.14	8.3 %	4.62	24.0 %
2013	21.19	5.1 %	14.82	12.8 %	5.14	11.1 %
2014	22.56	6.5 %	16.24	9.6 %	5.33	3.7 %
2015	20.90	(7.3 %)	14.03	(13.6 %)	2.02	(62.0 %)
2016	18.36	(12.1 %)	6.87	(51.0 %)	0.50	(75.2 %)
2017	13.64	(25.7 %)	3.83	(44.3 %)	(2.27)	(551.4 %)
2018	12.43	(8.9 %)	1.59	(58.4 %)	(6.30)	(177.8 %)
2019	12.69	2.1 %	1.79	12.2 %	(9.76)	(55.0 %)
2020	16.06	26.5 %	5.43	204.1 %	(5.56)	43.0 %
2021	15.98	(0.5 %)	5.15	(5.3 %)	(12.97)	(133.0 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	5.62	1487.3 %	0.83	13.06	(7.45)	(0.01)
Q2 2013	1.51	19.1 %	0.22	-	1.51	0.00
Q3 2013	2.12	4.0 %	0.31	-	2.12	0.00
Q4 2013	0.53	(11.2 %)	0.08	-	0.53	0.00
2013	9.78	129.6 %	1.44	13.06	(3.28)	0.00
Q1 2014	0.61	(89.2 %)	0.09	0.04	0.56	0.00
Q2 2014	1.61	6.3 %	0.24	0.00	1.61	0.00
Q3 2014	2.17	2.4 %	0.32	0.00	2.17	0.00
Q4 2014	0.45	(15.4 %)	0.07	-	0.45	0.00
2014	4.83	(50.6 %)	0.71	0.04	4.79	0.01
Q1 2015	0.64	6.1 %	0.09	-	0.64	0.00
Q2 2015	1.63	1.3 %	0.24	-	1.63	0.00
Q3 2015	2.19	1.0 %	0.32	-	2.19	0.00
Q4 2015	(2.45)	(643.5 %)	(0.36)	-	(2.45)	0.00
2015	2.01	(58.4 %)	0.30	-	2.01	0.00
Q1 2016	0.64	0.0 %	0.09	-	0.64	0.00
Q2 2016	0.90	(44.6 %)	0.13	-	0.90	0.00
Q3 2016	0.47	(78.4 %)	0.07	-	0.47	0.00
Q4 2016	(1.46)	40.6 %	(0.22)	-	(1.46)	0.00
2016	0.56	(72.1 %)	0.08	-	0.56	0.00
Q1 2017	(1.01)	(256.3 %)	(0.15)	-	(1.01)	0.00
Q2 2017	0.16	(82.5 %)	0.02	-	0.16	0.00
Q3 2017	0.31	(35.1 %)	0.05	-	0.31	0.00
Q4 2017	1.37	194.0 %	0.20	-	1.37	0.00
2017	0.33	(41.0 %)	0.05	-	0.33	0.00
Q1 2018	(1.98)	(97.2 %)	(0.29)	-	(1.98)	0.00
Q2 2018	(1.31)	(931.6 %)	(0.19)	-	(1.31)	0.00
Q3 2018	(0.79)	(355.7 %)	(0.12)	-	(0.79)	0.00
Q4 2018	(8.14)	(694.3 %)	(1.20)	(5.18)	(2.96)	0.00
2018	(12.22)	(3792.4 %)	(1.80)	(5.18)	(7.04)	(0.01)
Q1 2019	1.21	161.2 %	0.18	-	1.21	0.00
Q2 2019	0.24	118.6 %	0.04	-	0.24	0.00
Q3 2019	(0.27)	65.2 %	(0.04)	-	(0.27)	0.00
Q4 2019	(5.41)	33.5 %	(0.80)	-	(5.41)	(0.01)
2019	(4.19)	65.8 %	(0.62)	-	(4.19)	(0.01)
Q1 2020	(2.69)	(321.8 %)	(0.40)	-	(2.69)	0.00
Q2 2020	(1.98)	(909.8 %)	(0.29)	-	(1.98)	0.00
Q3 2020	(1.52)	(457.5 %)	(0.22)	-	(1.52)	0.00
Q4 2020	(2.01)	62.9 %	(0.30)	-	(2.01)	0.00
2020	(8.20)	(95.8 %)	(1.21)	-	(8.20)	(0.01)
Q1 2021	(0.94)	65.0 %	(0.14)	-	(0.94)	0.00
Q2 2021	(13.19)	(567.7 %)	(1.95)	-	(13.19)	(0.02)
Q3 2021	0.09	106.2 %	0.01	-	0.09	0.00
Q4 2021	0.01	100.2 %	0.00	-	0.01	0.00
2021	(14.04)	(71.3 %)	(2.07)	-	(14.04)	(0.02)
Q1 2022	0.09	109.4 %	0.01	-	0.09	0.00
Q2 2022	0.07	100.5 %	0.01	-	0.07	0.00
Q3 2022	(1.39)	(1575.7 %)	(0.20)	-	(1.39)	0.00

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	4.26	29.2 %	0.63	-	4.26	0.01
2013	9.78	129.6 %	1.44	13.06	(3.28)	0.00
2014	4.83	(50.6 %)	0.71	0.04	4.79	0.01
2015	2.01	(58.4 %)	0.30	-	2.01	0.00
2016	0.56	(72.1 %)	0.08	-	0.56	0.00
2017	0.33	(41.0 %)	0.05	-	0.33	0.00
2018	(12.22)	(3792.4 %)	(1.80)	(5.18)	(7.04)	(0.01)
2019	(4.19)	65.8 %	(0.62)	-	(4.19)	(0.01)
2020	(8.20)	(95.8 %)	(1.21)	-	(8.20)	(0.01)
2021	(14.04)	(71.3 %)	(2.07)	-	(14.04)	(0.02)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	62.96 %	43.22 %	(16.46 %)
Q2 2013	63.77 %	43.46 %	(14.99 %)
Q3 2013	66.00 %	44.58 %	(14.72 %)
Q4 2013	69.93 %	46.24 %	(15.48 %)
2013	69.93 %	46.24 %	(15.48 %)
Q1 2014	74.39 %	48.50 %	23.07 %
Q2 2014	74.30 %	47.50 %	22.77 %
Q3 2014	71.63 %	44.94 %	21.61 %
Q4 2014	72.00 %	45.35 %	21.24 %
2014	72.00 %	45.35 %	21.24 %
Q1 2015	71.19 %	43.44 %	20.84 %
Q2 2015	73.70 %	44.49 %	21.58 %
Q3 2015	75.43 %	45.40 %	22.11 %
Q4 2015	67.15 %	31.78 %	9.62 %
2015	67.15 %	31.79 %	9.63 %
Q1 2016	62.38 %	31.84 %	9.75 %
Q2 2016	52.24 %	29.10 %	6.57 %
Q3 2016	41.02 %	21.27 %	(2.38 %)
Q4 2016	37.83 %	30.97 %	3.06 %
2016	37.42 %	30.96 %	3.06 %
Q1 2017	31.14 %	24.59 %	(6.49 %)
Q2 2017	29.09 %	21.41 %	(11.42 %)
Q3 2017	26.11 %	22.84 %	(13.63 %)
Q4 2017	27.98 %	22.17 %	6.09 %
2017	28.07 %	22.30 %	2.43 %
Q1 2018	36.56 %	17.30 %	(1.07 %)
Q2 2018	28.64 %	9.58 %	(12.46 %)
Q3 2018	25.76 %	3.50 %	(21.75 %)
Q4 2018	22.49 %	(6.31 %)	(56.69 %)
2018	12.81 %	(6.37 %)	(56.68 %)
Q1 2019	5.58 %	(21.96 %)	(33.12 %)
Q2 2019	15.99 %	(11.88 %)	(18.46 %)
Q3 2019	17.38 %	(8.69 %)	(14.02 %)
Q4 2019	12.64 %	(28.87 %)	(33.33 %)
2019	14.08 %	(28.54 %)	(32.98 %)
Q1 2020	7.10 %	(21.19 %)	(67.72 %)
Q2 2020	(9.94 %)	(40.56 %)	(99.86 %)
Q3 2020	7.51 %	(40.95 %)	(91.28 %)
Q4 2020	33.84 %	2.89 %	(51.04 %)
2020	33.84 %	2.88 %	(51.04 %)
Q1 2021	39.28 %	12.58 %	(36.77 %)
Q2 2021	43.37 %	(41.57 %)	(87.58 %)
Q3 2021	35.01 %	(39.08 %)	(89.07 %)
Q4 2021	28.95 %	(43.75 %)	(87.86 %)
2021	32.22 %	(43.75 %)	(87.86 %)
Q1 2022	29.01 %	(39.96 %)	(86.60 %)
Q2 2022	22.68 %	51.94 %	2.00 %
Q3 2022	20.81 %	47.19 %	(11.09 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	65.16 %	44.93 %	21.13 %
2013	69.93 %	46.24 %	(15.48 %)
2014	72.00 %	45.35 %	21.24 %
2015	67.15 %	31.79 %	9.63 %
2016	37.42 %	30.96 %	3.06 %
2017	28.07 %	22.30 %	2.43 %
2018	12.81 %	(6.37 %)	(56.68 %)
2019	14.08 %	(28.54 %)	(32.98 %)
2020	33.84 %	2.88 %	(51.04 %)
2021	32.22 %	(43.75 %)	(87.86 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	57.66 %	37.10 %	(152.50 %)
Q2 2013	74.97 %	52.59 %	27.45 %
Q3 2013	76.19 %	57.26 %	34.69 %
Q4 2013	68.64 %	33.96 %	11.36 %
Q1 2014	77.41 %	46.63 %	13.46 %
Q2 2014	74.62 %	48.72 %	25.93 %
Q3 2014	67.80 %	47.76 %	29.00 %
Q4 2014	70.44 %	35.94 %	9.60 %
Q1 2015	72.73 %	37.46 %	12.87 %
Q2 2015	85.40 %	53.76 %	29.66 %
Q3 2015	72.92 %	50.84 %	31.15 %
Q4 2015	17.27 %	(51.91 %)	(72.49 %)
Q1 2016	52.23 %	38.00 %	13.59 %
Q2 2016	46.09 %	46.85 %	20.34 %
Q3 2016	41.85 %	30.93 %	8.33 %
Q4 2016	1.62 %	1.59 %	(41.37 %)
Q1 2017	23.71 %	7.30 %	(32.34 %)
Q2 2017	40.09 %	37.40 %	4.24 %
Q3 2017	35.80 %	38.87 %	7.15 %
Q4 2017	1.76 %	(10.78 %)	54.91 %
Q1 2018	60.47 %	(12.96 %)	(61.59 %)
Q2 2018	6.50 %	8.77 %	(44.01 %)
Q3 2018	27.26 %	22.82 %	(20.83 %)
Q4 2018	(15.20 %)	(60.68 %)	(120.74 %)
Q1 2019	(8.29 %)	(90.59 %)	50.29 %
Q2 2019	40.51 %	35.48 %	6.46 %
Q3 2019	30.86 %	30.42 %	(6.75 %)
Q4 2019	(39.75 %)	(165.06 %)	(220.67 %)
Q1 2020	(54.91 %)	(61.61 %)	(155.37 %)
Q2 2020	(16.53 %)	(14.99 %)	(92.55 %)
Q3 2020	50.61 %	3.62 %	(23.82 %)
Q4 2020	60.42 %	27.94 %	(34.59 %)
Q1 2021	15.60 %	21.02 %	(29.35 %)
Q2 2021	31.62 %	(228.56 %)	(276.43 %)
Q3 2021	18.73 %	37.14 %	2.22 %
Q4 2021	48.47 %	44.45 %	0.13 %
Q1 2022	10.36 %	73.87 %	3.91 %
Q2 2022	1.49 %	68.67 %	2.74 %
Q3 2022	8.14 %	7.05 %	(54.06 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
Q1 2013	677.40	1.41	(0.52)	0.12
Q2 2013	677.40	1.44	(0.49)	0.13
Q3 2013	677.40	1.45	(0.47)	0.13
Q4 2013	677.40	1.44	(0.48)	0.13
Q1 2014	677.40	0.70	0.70	0.13
Q2 2014	677.40	0.72	0.71	0.13
Q3 2014	677.40	0.73	0.72	0.14
Q4 2014	677.40	0.71	0.71	0.14
Q1 2015	677.40	0.72	0.72	0.14
Q2 2015	677.40	0.72	0.72	0.14
Q3 2015	677.40	0.73	0.73	0.14
Q4 2015	677.40	0.30	0.30	0.14
Q1 2016	677.40	0.30	0.30	0.14
Q2 2016	677.40	0.19	0.19	0.14
Q3 2016	677.40	(0.06)	(0.06)	0.14
Q4 2016	677.40	0.08	0.08	0.14
Q1 2017	677.40	(0.16)	(0.16)	0.14
Q2 2017	677.40	(0.27)	(0.27)	0.14
Q3 2017	677.40	(0.29)	(0.29)	0.14
Q4 2017	677.40	0.12	0.12	0.14
Q1 2018	677.40	(0.02)	(0.02)	0.14
Q2 2018	677.40	(0.24)	(0.24)	0.14
Q3 2018	677.40	(0.40)	(0.40)	0.14
Q4 2018	677.40	(1.80)	(1.04)	0.12
Q1 2019	677.40	(1.33)	(0.57)	0.13
Q2 2019	677.40	(1.10)	(0.34)	0.12
Q3 2019	677.40	(1.03)	(0.26)	0.12
Q4 2019	677.40	(0.62)	(0.62)	0.11
Q1 2020	677.40	(1.20)	(1.20)	0.11
Q2 2020	677.40	(1.53)	(1.53)	0.11
Q3 2020	677.40	(1.71)	(1.71)	0.11
Q4 2020	677.40	(1.21)	(1.21)	0.10
Q1 2021	677.40	(0.95)	(0.95)	0.10
Q2 2021	677.40	(2.61)	(2.61)	0.08
Q3 2021	677.40	(2.37)	(2.37)	0.08
Q4 2021	677.40	(2.07)	(2.07)	0.08
Q1 2022	677.40	(1.92)	(1.92)	0.08
Q2 2022	677.40	0.04	0.04	0.08
Q3 2022	677.40	(0.18)	(0.18)	0.08

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2012	677.40	0.63	0.63	0.12
2013	677.40	1.44	(0.48)	0.13
2014	677.40	0.71	0.71	0.14
2015	677.40	0.30	0.30	0.14
2016	677.40	0.08	0.08	0.14
2017	677.40	0.05	0.05	0.14
2018	677.40	(1.80)	(1.04)	0.12
2019	677.40	(0.62)	(0.62)	0.11
2020	677.40	(1.21)	(1.21)	0.10
2021	677.40	(2.07)	(2.07)	0.08

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	More than 100	NEG	16.02
Q2 2013	More than 100	NEG	21.41
Q3 2013	More than 100	NEG	20.79
Q4 2013	More than 100	NEG	16.13
Q1 2014	More than 100	More than 100	14.90
Q2 2014	More than 100	More than 100	11.96
Q3 2014	More than 100	More than 100	12.80
Q4 2014	More than 100	More than 100	7.20
Q1 2015	More than 100	More than 100	7.96
Q2 2015	More than 100	More than 100	8.50
Q3 2015	More than 100	More than 100	6.23
Q4 2015	More than 100	More than 100	7.82
Q1 2016	More than 100	More than 100	6.41
Q2 2016	More than 100	More than 100	5.76
Q3 2016	NEG	NEG	4.34
Q4 2016	More than 100	More than 100	6.03
Q1 2017	NEG	NEG	5.69
Q2 2017	NEG	NEG	4.99
Q3 2017	NEG	NEG	5.57
Q4 2017	More than 100	More than 100	4.94
Q1 2018	NEG	NEG	6.24
Q2 2018	NEG	NEG	6.10
Q3 2018	NEG	NEG	6.06
Q4 2018	NEG	NEG	6.73
Q1 2019	NEG	NEG	5.94
Q2 2019	NEG	NEG	5.63
Q3 2019	NEG	NEG	5.12
Q4 2019	NEG	NEG	5.04
Q1 2020	NEG	NEG	4.29
Q2 2020	NEG	NEG	5.02
Q3 2020	NEG	NEG	11.44
Q4 2020	NEG	NEG	13.69
Q1 2021	NEG	NEG	14.23
Q2 2021	NEG	NEG	19.49
Q3 2021	NEG	NEG	23.33
Q4 2021	NEG	NEG	27.52
Q1 2022	NEG	NEG	35.62
Q2 2022	More than 100	More than 100	29.73
Q3 2022	NEG	NEG	31.50

Period	P/E	Adjusted P/E	Price/book
2012	More than 100	More than 100	8.28
2013	More than 100	NEG	16.13
2014	More than 100	More than 100	7.20
2015	More than 100	More than 100	7.82
2016	More than 100	More than 100	6.03
2017	More than 100	More than 100	4.94
2018	NEG	NEG	6.73
2019	NEG	NEG	5.04
2020	NEG	NEG	13.69
2021	NEG	NEG	27.52

Business Segments (Million)

Compared With The

Period	Daily rent revenue	Services and other fees revenue	Annual rent revenue
Q1 2021	2.17	0.84	0.19
Q2 2021	3.54	1.15	0.09
Q3 2021	2.97	1.02	0.25
Q4 2021	2.58	0.98	0.20
Q1 2022	1.23	0.87	0.15
Q2 2022	1.44	0.93	0.11
Q3 2022	1.56	0.87	0.13

Period	Daily rent revenue	Services and other fees revenue	Annual rent revenue
2021	11.26	3.99	0.72

Financial Ratios

	Current
Market Cap (M Riyal)	1,063.95
Enterprise Value (EV) (M)	541.47
Shares Outstanding ((M))	1,156.47
EPS (Halala) (TTM)	(3.63)
Book Value (BV) ( Riyal)	0.44
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.07
Return on Average Assets (%) (TTM)	(7.57 )
Return on Average Equity (%) (TTM)	(7.84 )

Tourism Enterprise Co. (TECO)

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Shams 9M 2022 net loss shrinks to SAR 1.2 mln; Q3 loss at SAR 1.4 mln

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Financials (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

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Per Share Data (Riyal)

Per Share Data (Riyal)

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Tourism Enterprise Co. (TECO)

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Shams 9M 2022 net loss shrinks to SAR 1.2 mln; Q3 loss at SAR 1.4 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2022

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Tourism Enterprise Co. (TECO)

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Business Segments (Million)