Shams profit soars to SAR 6.9M in H1 2024; Q2 at SAR 847,100

01/08/2024 Argaam Exclusive

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Tourism Enterprise Co.'s (Shams) H1 2024 net profit more than doubled to SAR 6.9 million from SAR 3.1 million in the first half of 2023.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	4.68	4.21	(10.2 %)
Gross Income	(1.05)	0.53	150.3 %
Operating Income	(10.38)	(5.22)	49.6 %
Net Income	3.07	6.92	125.6 %
Average Shares	1,156.47	1,156.47	-
EPS (Halala)	0.27	0.60	125.6 %

The first-half earnings were bolstered by a rise in non-operating revenue and lower cost of sales despite higher Zakat provisions.

Meanwhile, services and utilities revenues saw a drop of 10% year-on-year (YoY) during the first six months of the year.

The second-quarter net earnings dropped 14% to SAR 847,100, from SAR 1 million in Q2 2023, as revenue declined 3% YoY on the repricing of some services. Zakat and claim provisions also increased YoY by the end of the three-month period.

Compared to Q1 2024, net earnings plunged 85.5% from SAR 6 million as Zakat provisions jumped by SAR 4.16 million on a quarterly basis.

This was offset by a sequential rise in topline, thanks to better rental revenue.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	2.95	2.84	(3.8 %)
Gross Income	(0.60)	0.96	259.3 %
Operating Income	(7.72)	(3.17)	58.9 %
Net Income	1.01	0.87	(13.7 %)
Average Shares	1,156.47	1,156.47	-
EPS (Halala)	0.09	0.08	(13.7 %)

Item	Q1 2024	Q2 2024	Change‬
Revenues	1.37	2.84	106.9 %
Gross Income	(0.43)	0.96	322.8 %
Operating Income	(2.23)	(3.17)	(42.0 %)
Net Income	6.04	0.87	(85.5 %)
Average Shares	1,156.47	1,156.47	-
EPS (Halala)	0.52	0.08	(85.5 %)

Total shareholders’ equity, no minority interest, dropped to SAR 513.34 million as of June 30, 2024, from SAR 553.81 million a year earlier.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q4 2022	2.86	(24.0 %)	(1.16)	(163.6 %)	(6.24)	(3330.7 %)
2022	10.15	(36.4 %)	(0.42)	(108.2 %)	(7.36)	43.3 %
Q1 2023	1.60	(28.9 %)	(0.66)	(384.5 %)	(2.79)	(2279.5 %)
Q2 2023	2.95	18.8 %	(0.60)	(1721.6 %)	(7.72)	(6131.7 %)
Q3 2023	2.31	(9.9 %)	(1.17)	(657.4 %)	(4.63)	(236.4 %)
Q4 2023	2.62	(8.4 %)	(1.95)	(68.4 %)	(5.17)	17.0 %
2023	9.61	(5.4 %)	(4.17)	(889.3 %)	(20.18)	(174.3 %)
Q1 2024	1.37	(14.4 %)	(0.43)	35.3 %	(2.23)	20.0 %
Q2 2024	2.84	(3.8 %)	0.96	259.3 %	(3.17)	58.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
2022	10.15	(36.4 %)	(0.42)	(108.2 %)	(7.36)	43.3 %
2023	9.61	(5.4 %)	(4.17)	(889.3 %)	(20.18)	(174.3 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q4 2022	(6.00)	(120126.0 %)	(0.52)	-	(6.00)	(0.01)
2022	(7.23)	48.5 %	(0.63)	-	(7.23)	(0.01)
Q1 2023	2.05	2232.8 %	0.18	-	2.05	0.00
Q2 2023	1.01	1390.1 %	0.09	-	1.01	0.00
Q3 2023	2.85	305.6 %	0.25	-	2.85	0.00
Q4 2023	(50.11)	(735.1 %)	(4.33)	(38.84)	(11.28)	(0.01)
2023	(44.20)	(511.0 %)	(3.82)	(38.84)	(5.36)	0.00
Q1 2024	6.04	194.5 %	0.52	-	6.04	0.01
Q2 2024	0.87	(13.7 %)	0.08	(0.43)	1.31	0.00

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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)
2022	(7.23)	48.5 %	(0.63)	-	(7.23)	(0.01)
2023	(44.20)	(511.0 %)	(3.82)	(38.84)	(5.36)	0.00

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q4 2022	(6.70 %)	(9.57 %)	(71.24 %)
2022	(4.15 %)	(9.56 %)	(71.24 %)
Q1 2023	(16.59 %)	(39.58 %)	(55.44 %)
Q2 2023	(22.20 %)	(115.16 %)	(43.36 %)
Q3 2023	(36.93 %)	(148.29 %)	(0.86 %)
Q4 2023	(46.24 %)	(139.69 %)	(56.56 %)
2023	(43.35 %)	(136.34 %)	(55.78 %)
Q1 2024	(44.86 %)	(149.20 %)	(14.78 %)
Q2 2024	(28.36 %)	(117.64 %)	(11.74 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
2022	(4.15 %)	(9.56 %)	(71.24 %)
2023	(43.35 %)	(136.34 %)	(55.78 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %)
Q4 2022	(40.58 %)	(158.17 %)	(210.13 %)
Q1 2023	(41.44 %)	(70.49 %)	128.31 %
Q2 2023	(20.37 %)	(204.20 %)	34.40 %
Q3 2023	(50.41 %)	(118.68 %)	123.39 %
Q4 2023	(74.62 %)	(127.93 %)	(431.04 %)
Q1 2024	(31.31 %)	(123.06 %)	441.23 %
Q2 2024	33.72 %	(104.67 %)	46.13 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
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
Q4 2022	1,156.47	(0.63)	(0.63)	0.48
Q1 2023	1,156.47	(0.46)	(0.46)	0.48
Q2 2023	1,156.47	(0.37)	(0.37)	0.48
Q3 2023	1,156.47	(0.01)	(0.01)	0.48
Q4 2023	1,156.47	(3.82)	(0.46)	0.44
Q1 2024	1,156.47	(3.48)	(0.12)	0.44
Q2 2024	1,156.47	(3.49)	(0.09)	0.44

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
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
2022	1,156.47	(0.63)	(0.63)	0.48
2023	1,156.47	(3.82)	(0.46)	0.44

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q4 2022	NEG	NEG	1.51
Q1 2023	NEG	NEG	1.61
Q2 2023	NEG	NEG	1.80
Q3 2023	NEG	NEG	1.48
Q4 2023	NEG	NEG	1.37
Q1 2024	NEG	NEG	1.99
Q2 2024	NEG	NEG	1.76

Period	P/E	Adjusted P/E	Price/book
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
2022	NEG	NEG	1.51
2023	NEG	NEG	1.37

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
Q4 2022	1.64	1.09	0.13
Q1 2023	0.64	0.83	0.13
Q2 2023	1.71	1.09	0.14
Q3 2023	1.17	0.88	0.14
Q4 2023	1.56	0.99	0.19
Q1 2024	0.42	0.79	0.16
Q2 2024	1.87	0.86	0.10

Period	Daily rent revenue	Services and other fees revenue	Annual rent revenue
2021	11.26	3.99	0.72
2022	5.87	3.76	0.52
2023	5.09	3.92	0.60

Financial Ratios

	Current
Market Cap (M Riyal)	1,098.65
Enterprise Value (EV) (M)	576.16
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	2.14
Return on Average Assets (%) (TTM)	(7.57 )
Return on Average Equity (%) (TTM)	(7.84 )

Tourism Enterprise Co. (TECO)

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Shams profit soars to SAR 6.9M in H1 2024; Q2 at SAR 847,100

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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)

Revenue by Business Segment (Latest) 2024 Q2

Financial Ratios

Share Price

Tourism Enterprise Co. (TECO)

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Shams profit soars to SAR 6.9M in H1 2024; Q2 at SAR 847,100

View other reports

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) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Financial Ratios

Share Price

Tourism Enterprise Co. (TECO)

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Business Segments (Million)