Tihama’s 9M 2022/23 losses shrink to SAR 17.6 mln; Q3 loss at SAR 8 mln

09/02/2023 Argaam Exclusive

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Tihama Advertising and Public Relations Co. (TAPRCO) trimmed net loss after Zakat and tax to SAR 17.6 million in the nine months ended on Dec. 31, 2022, from SAR 29.2 million in the year-earlier period.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	60.54	71.33	17.8 %
Gross Income	12.85	21.60	68.2 %
Operating Income	(29.52)	(16.60)	43.7 %
Net Income	(29.17)	(20.50)	29.7 %
Average Shares	18.90	5.00	(73.5 %)
EPS (Riyals)	(1.54)	(4.10)	(165.7 %)

Losses narrowed on the back of higher gross operating profit from retail, advertising and production segments. Other revenue increased by around SAR 3.7 million, mainly due to the higher rent concessions of approximately SAR 2.7 million, in addition to gains from the disposal of real estate units in Dubai.

Tihama narrowed Q3 2022/2023 net loss after Zakat and tax to SAR 8.03 million, from SAR 9.54 million in the year-earlier period, driven by a SAR 7.4 million increase in gross profit from continuing operations. Gross profit from the production and distribution divisions increased by approximately SAR 3 million each on higher revenue.

Profit from discontinued operations increased by around SAR 1.6 million.

On a sequential basis, net loss after Zakat and tax widened from SAR 2.39 million in Q2 2022/2023.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	14.43	23.70	64.3 %
Gross Income	0.64	6.17	871.0 %
Operating Income	(12.76)	(8.11)	36.4 %
Net Income	(9.54)	(9.02)	5.4 %
Average Shares	18.90	5.00	(73.5 %)
EPS (Riyals)	(0.50)	(1.80)	(257.5 %)

Item	Q2 2022	Q3 2022	Change‬
Revenues	30.48	23.70	(22.2 %)
Gross Income	10.68	6.17	(42.3 %)
Operating Income	(1.01)	(8.11)	(701.3 %)
Net Income	(3.41)	(9.02)	(164.7 %)
Average Shares	5.00	5.00	-
EPS (Riyals)	(0.68)	(1.80)	(164.7 %)

Shareholders’ equity, excluding minority interest, reached -SAR 18.3 million by the end of the nine-month period, versus SAR 13.2 million in the year-earlier period.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	20.10	(17.5 %)	(3.05)	(137.3 %)	(15.45)	(3,751.6 %)
Q2 2013	38.27	(13.4 %)	0.04	(99.5 %)	(12.07)	(897.4 %)
Q3 2013	32.62	(7.9 %)	(1.64)	(128.2 %)	(17.30)	(253.7 %)
Q4 2013	21.41	(35.9 %)	(3.27)	(171.3 %)	(13.99)	(48.3 %)
2013	112.41	(18.2 %)	(7.92)	(128.9 %)	(58.79)	(275.2 %)
Q1 2014	12.95	(35.6 %)	(3.83)	(25.3 %)	(14.60)	5.5 %
Q2 2014	40.57	6.0 %	6.51	15030.2 %	(3.08)	74.4 %
Q3 2014	26.65	(18.3 %)	(4.86)	(195.7 %)	(24.54)	(41.9 %)
Q4 2014	24.16	12.8 %	10.81	430.9 %	(3.23)	76.9 %
2014	104.33	(7.2 %)	8.63	209.0 %	(45.46)	22.7 %
Q1 2015	14.28	10.2 %	(5.55)	(45.0 %)	(13.24)	9.3 %
Q2 2015	26.04	(35.8 %)	(4.73)	(172.7 %)	(19.42)	(529.5 %)
Q3 2015	38.78	45.5 %	2.29	147.0 %	(5.65)	77.0 %
Q4 2015	23.54	(2.6 %)	2.23	(79.3 %)	(6.79)	(110.0 %)
2015	102.64	(1.6 %)	(5.76)	(166.7 %)	(45.09)	0.8 %
Q1 2016	13.43	(6.0 %)	(4.66)	15.9 %	(12.17)	8.1 %
Q2 2016	27.33	4.9 %	3.26	168.9 %	(3.71)	80.9 %
Q3 2016	26.11	(32.7 %)	(0.81)	(135.6 %)	(9.15)	(62.0 %)
Q4 2016	19.78	(16.0 %)	(2.86)	(228.2 %)	(13.82)	(103.7 %)
2016	86.64	(15.6 %)	(5.58)	3.1 %	(43.81)	2.8 %
Q1 2017	13.95	3.9 %	4.22	190.4 %	(4.42)	63.7 %
Q2 2017	15.21	(44.4 %)	8.06	147.1 %	(4.36)	(17.4 %)
Q3 2017	28.77	10.2 %	11.82	1552.5 %	0.12	101.3 %
Q4 2017	13.63	(31.1 %)	6.36	322.2 %	(4.90)	64.6 %
2017	71.55	(17.4 %)	30.46	645.6 %	(13.56)	69.1 %
Q1 2018	14.00	0.4 %	8.22	94.9 %	0.17	103.8 %
Q2 2018	13.50	(11.2 %)	5.17	(35.8 %)	(4.21)	3.4 %
Q3 2018	38.81	34.9 %	13.14	11.2 %	1.88	1483.2 %
Q4 2018	14.34	5.2 %	2.92	(54.1 %)	(8.96)	(82.9 %)
2018	80.65	12.7 %	29.45	(3.3 %)	(11.11)	18.1 %
Q1 2019	14.95	6.8 %	7.00	(14.7 %)	(4.45)	(2733.7 %)
Q2 2019	40.07	196.8 %	13.94	169.4 %	0.37	108.7 %
Q3 2019	17.32	(55.4 %)	4.14	(68.5 %)	(11.66)	(719.1 %)
Q4 2019	24.48	70.7 %	5.12	75.3 %	(20.40)	(127.8 %)
2019	96.81	20.0 %	30.20	2.5 %	(36.15)	(225.5 %)
Q1 2020	21.55	44.2 %	4.91	(29.9 %)	(5.46)	(22.6 %)
Q2 2020	21.42	(46.5 %)	3.48	(75.1 %)	(8.37)	(2392.6 %)
Q3 2020	12.33	(28.8 %)	2.28	(44.9 %)	(16.21)	(38.9 %)
Q4 2020	17.95	(26.7 %)	(0.03)	(100.6 %)	(25.32)	(24.1 %)
2020	73.25	(24.3 %)	10.63	(64.8 %)	(55.35)	(53.1 %)
Q1 2021	13.89	(35.5 %)	2.56	(47.9 %)	(10.89)	(99.6 %)
Q2 2021	32.22	50.4 %	9.65	177.8 %	(5.86)	29.9 %
Q3 2021	14.43	17.0 %	0.64	(72.2 %)	(12.76)	21.3 %
Q4 2021	15.84	(11.7 %)	2.39	7562.5 %	(14.96)	40.9 %
2021	76.39	4.3 %	15.23	43.3 %	(44.48)	19.6 %
Q1 2022	17.14	23.4 %	4.75	85.9 %	(7.48)	31.3 %
Q2 2022	30.48	(5.4 %)	10.68	10.7 %	(1.01)	82.7 %
Q3 2022	23.70	64.3 %	6.17	871.0 %	(8.11)	36.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	137.39	(12.3 %)	27.45	(45.1 %)	(15.67)	(1501.5 %)
2013	112.41	(18.2 %)	(7.92)	(128.9 %)	(58.79)	(275.2 %)
2014	104.33	(7.2 %)	8.63	209.0 %	(45.46)	22.7 %
2015	102.64	(1.6 %)	(5.76)	(166.7 %)	(45.09)	0.8 %
2016	86.64	(15.6 %)	(5.58)	3.1 %	(43.81)	2.8 %
2017	71.55	(17.4 %)	30.46	645.6 %	(13.56)	69.1 %
2018	80.65	12.7 %	29.45	(3.3 %)	(11.11)	18.1 %
2019	96.81	20.0 %	30.20	2.5 %	(36.15)	(225.5 %)
2020	73.25	(24.3 %)	10.63	(64.8 %)	(55.35)	(53.1 %)
2021	76.39	4.3 %	15.23	43.3 %	(44.48)	19.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	(13.85)	(939.5 %)	(0.81)	-	(13.85)	(0.81)
Q2 2013	(11.68)	(510.1 %)	(0.69)	-	(11.68)	(0.69)
Q3 2013	(15.27)	(525.6 %)	(0.90)	-	(15.27)	(0.90)
Q4 2013	(11.75)	(960.1 %)	(0.69)	-	(11.75)	(0.69)
2013	(52.56)	(5626.3 %)	(3.09)	-	(52.56)	(3.09)
Q1 2014	(14.93)	(7.7 %)	(0.88)	-	(14.93)	(0.88)
Q2 2014	(3.07)	73.8 %	(0.18)	-	(3.07)	(0.18)
Q3 2014	(24.42)	(59.9 %)	(1.44)	-	(24.42)	(1.44)
Q4 2014	1.27	110.8 %	0.07	-	1.27	0.07
2014	(41.14)	21.7 %	(2.42)	-	(41.14)	(2.42)
Q1 2015	(11.45)	23.3 %	(0.67)	-	(11.45)	(0.67)
Q2 2015	(29.29)	(855.6 %)	(1.72)	(10.94)	(18.35)	(1.08)
Q3 2015	11.54	147.2 %	0.68	18.00	(6.47)	(0.38)
Q4 2015	(9.73)	(864.1 %)	(0.57)	-	(9.73)	(0.57)
2015	(38.94)	5.3 %	(2.29)	7.06	(46.00)	(2.71)
Q1 2016	(10.23)	10.6 %	(0.60)	-	(10.23)	(0.60)
Q2 2016	(3.09)	89.5 %	(0.18)	-	(3.09)	(0.18)
Q3 2016	(7.60)	(165.9 %)	(0.45)	-	(7.60)	(0.45)
Q4 2016	(6.99)	28.2 %	(0.41)	-	(6.99)	(0.41)
2016	(33.05)	15.1 %	(1.94)	-	(33.05)	(1.94)
Q1 2017	1.82	117.8 %	0.11	-	1.82	0.11
Q2 2017	2.22	171.8 %	0.13	1.07	1.15	0.07
Q3 2017	0.73	109.5 %	0.04	-	0.73	0.04
Q4 2017	(1.56)	77.7 %	(0.09)	-	(1.56)	(0.09)
2017	3.20	109.7 %	0.19	1.07	2.13	0.13
Q1 2018	1.00	(45.1 %)	0.06	-	1.00	0.06
Q2 2018	0.53	(76.1 %)	0.03	-	0.53	0.03
Q3 2018	1.97	171.8 %	0.12	3.82	(1.85)	(0.11)
Q4 2018	1.67	207.1 %	0.10	-	1.67	0.10
2018	5.17	61.5 %	0.30	3.82	1.35	0.08
Q1 2019	1.18	17.7 %	0.07	7.21	(6.04)	(0.36)
Q2 2019	0.63	18.7 %	0.04	1.11	(0.48)	(0.03)
Q3 2019	(14.71)	(845.6 %)	(0.87)	(2.53)	(12.18)	(0.72)
Q4 2019	(12.69)	(860.2 %)	(0.75)	1.93	(14.62)	(0.86)
2019	(25.59)	(594.9 %)	(1.51)	7.73	(33.32)	(1.96)
Q1 2020	(3.10)	(363.3 %)	(0.18)	0.55	(3.65)	(0.21)
Q2 2020	(13.95)	(2318.4 %)	(0.74)	(2.77)	(11.18)	(0.59)
Q3 2020	(14.62)	0.6 %	(0.77)	3.09	(17.71)	(0.94)
Q4 2020	(40.51)	(219.3 %)	(2.14)	(7.96)	(32.56)	(1.72)
2020	(72.18)	(182.0 %)	(3.82)	(7.09)	(65.09)	(3.44)
Q1 2021	(11.53)	(272.4 %)	(0.61)	1.40	(12.93)	(0.68)
Q2 2021	(8.10)	41.9 %	(0.43)	(0.05)	(8.05)	(0.43)
Q3 2021	(9.54)	34.7 %	(0.50)	1.60	(11.14)	(0.59)
Q4 2021	(6.33)	84.4 %	(0.34)	1.97	(8.30)	(0.44)
2021	(35.50)	50.8 %	(1.88)	4.92	(40.42)	(2.14)
Q1 2022	(7.13)	38.1 %	(1.43)	-	(7.13)	(1.43)
Q2 2022	(3.41)	57.9 %	(0.68)	-	(3.41)	(0.68)
Q3 2022	(9.02)	5.4 %	(1.80)	(1.32)	(7.70)	(1.54)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	0.95	(94.4 %)	0.06	-	0.95	0.06
2013	(52.56)	(5626.3 %)	(3.09)	-	(52.56)	(3.09)
2014	(41.14)	21.7 %	(2.42)	-	(41.14)	(2.42)
2015	(38.94)	5.3 %	(2.29)	7.06	(46.00)	(2.71)
2016	(33.05)	15.1 %	(1.94)	-	(33.05)	(1.94)
2017	3.20	109.7 %	0.19	1.07	2.13	0.13
2018	5.17	61.5 %	0.30	3.82	1.35	0.08
2019	(25.59)	(594.9 %)	(1.51)	7.73	(33.32)	(1.96)
2020	(72.18)	(182.0 %)	(3.82)	(7.09)	(65.09)	(3.44)
2021	(35.50)	50.8 %	(1.88)	4.92	(40.42)	(2.14)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	12.18 %	(9.78 %)	(10.93 %)
Q2 2013	5.81 %	(18.83 %)	(22.86 %)
Q3 2013	(0.06 %)	(32.70 %)	(33.69 %)
Q4 2013	(7.05 %)	(44.71 %)	(46.75 %)
2013	(7.05 %)	(44.71 %)	(46.75 %)
Q1 2014	(8.26 %)	(47.03 %)	(50.95 %)
Q2 2014	(2.07 %)	(37.46 %)	(41.85 %)
Q3 2014	(5.36 %)	(46.76 %)	(53.32 %)
Q4 2014	8.27 %	(35.27 %)	(39.43 %)
2014	8.27 %	(35.27 %)	(39.43 %)
Q1 2015	6.54 %	(32.20 %)	(35.65 %)
Q2 2015	(4.75 %)	(53.85 %)	(58.11 %)
Q3 2015	2.73 %	(27.12 %)	(33.89 %)
Q4 2015	(5.61 %)	(28.92 %)	(44.82 %)
2015	(5.61 %)	(28.92 %)	(44.82 %)
Q1 2016	(4.79 %)	(29.04 %)	(44.00 %)
Q2 2016	3.02 %	(14.41 %)	(28.64 %)
Q3 2016	0.02 %	(21.68 %)	(33.91 %)
Q4 2016	(5.86 %)	(28.55 %)	(32.21 %)
2016	(6.44 %)	(34.27 %)	(38.14 %)
Q1 2017	4.36 %	(20.18 %)	(18.19 %)
Q2 2017	11.46 %	(25.68 %)	(15.49 %)
Q3 2017	27.33 %	(14.90 %)	(4.24 %)
Q4 2017	42.57 %	2.59 %	2.98 %
2017	42.57 %	2.58 %	2.98 %
Q1 2018	48.13 %	12.31 %	1.83 %
Q2 2018	45.17 %	16.74 %	1.00 %
Q3 2018	41.15 %	20.14 %	(2.35 %)
Q4 2018	36.52 %	9.55 %	1.68 %
2018	36.52 %	9.55 %	1.68 %
Q1 2019	34.61 %	4.24 %	(6.97 %)
Q2 2019	34.21 %	8.06 %	(6.19 %)
Q3 2019	32.30 %	(4.13 %)	(19.65 %)
Q4 2019	31.19 %	(13.20 %)	(34.41 %)
2019	31.19 %	(13.20 %)	(34.42 %)
Q1 2020	27.17 %	(12.24 %)	(29.90 %)
Q2 2020	20.81 %	(24.52 %)	(49.10 %)
Q3 2020	19.78 %	(31.46 %)	(59.10 %)
Q4 2020	14.52 %	(48.54 %)	(88.86 %)
2020	14.52 %	(48.54 %)	(88.86 %)
Q1 2021	12.63 %	(63.37 %)	(113.38 %)
Q2 2021	18.93 %	(50.60 %)	(93.26 %)
Q3 2021	16.32 %	(46.58 %)	(82.40 %)
Q4 2021	19.94 %	(26.18 %)	(52.91 %)
2021	19.94 %	(26.18 %)	(52.91 %)
Q1 2022	21.89 %	(21.61 %)	(43.48 %)
Q2 2022	23.70 %	(19.18 %)	(38.49 %)
Q3 2022	27.52 %	(13.52 %)	(30.45 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	19.98 %	2.08 %	0.69 %
2013	(7.05 %)	(44.71 %)	(46.75 %)
2014	8.27 %	(35.27 %)	(39.43 %)
2015	(5.61 %)	(28.92 %)	(44.82 %)
2016	(6.44 %)	(34.27 %)	(38.14 %)
2017	42.57 %	2.58 %	2.98 %
2018	36.52 %	9.55 %	1.68 %
2019	31.19 %	(13.20 %)	(34.42 %)
2020	14.52 %	(48.54 %)	(88.86 %)
2021	19.94 %	(26.18 %)	(52.91 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	(15.19 %)	(66.28 %)	(68.91 %)
Q2 2013	0.11 %	(26.00 %)	(30.53 %)
Q3 2013	(5.04 %)	(46.32 %)	(46.81 %)
Q4 2013	(15.26 %)	(55.47 %)	(54.86 %)
Q1 2014	(29.53 %)	(97.04 %)	(115.22 %)
Q2 2014	16.04 %	(1.81 %)	(7.56 %)
Q3 2014	(18.23 %)	(83.74 %)	(91.66 %)
Q4 2014	44.74 %	(4.88 %)	5.27 %
Q1 2015	(38.85 %)	(68.56 %)	(80.20 %)
Q2 2015	(18.17 %)	(60.64 %)	(70.46 %)
Q3 2015	5.89 %	(3.22 %)	(16.67 %)
Q4 2015	9.49 %	(12.13 %)	(41.36 %)
Q1 2016	(34.73 %)	(71.96 %)	(76.23 %)
Q2 2016	11.93 %	(3.97 %)	(11.29 %)
Q3 2016	(3.12 %)	(22.98 %)	(29.12 %)
Q4 2016	(14.48 %)	(40.38 %)	(35.32 %)
Q1 2017	30.23 %	(18.06 %)	13.04 %
Q2 2017	53.00 %	(18.19 %)	7.54 %
Q3 2017	41.10 %	5.88 %	2.52 %
Q4 2017	46.67 %	39.93 %	(11.44 %)
Q1 2018	58.69 %	31.78 %	7.14 %
Q2 2018	38.33 %	0.87 %	3.93 %
Q3 2018	33.86 %	15.69 %	(4.76 %)
Q4 2018	20.35 %	(20.58 %)	11.64 %
Q1 2019	46.87 %	1.39 %	(40.39 %)
Q2 2019	34.79 %	13.43 %	(1.19 %)
Q3 2019	23.90 %	(35.87 %)	(70.34 %)
Q4 2019	20.89 %	(49.63 %)	(59.72 %)
Q1 2020	22.78 %	1.48 %	(16.91 %)
Q2 2020	16.22 %	(12.81 %)	(52.19 %)
Q3 2020	18.51 %	(85.39 %)	(143.65 %)
Q4 2020	(0.18 %)	(125.93 %)	(181.38 %)
Q1 2021	18.40 %	(40.98 %)	(93.04 %)
Q2 2021	29.96 %	0.53 %	(24.99 %)
Q3 2021	4.40 %	(58.48 %)	(77.24 %)
Q4 2021	15.07 %	(38.13 %)	(52.38 %)
Q1 2022	27.72 %	(16.92 %)	(41.62 %)
Q2 2022	35.04 %	8.01 %	(11.18 %)
Q3 2022	26.01 %	(22.30 %)	(32.50 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	17.01	(0.86)	(0.86)	13.11
Q2 2013	17.01	(1.71)	(1.71)	12.42
Q3 2013	17.01	(2.46)	(2.46)	11.52
Q4 2013	17.01	(3.09)	(3.09)	10.78
Q1 2014	17.01	(3.15)	(3.15)	9.90
Q2 2014	17.01	(2.65)	(2.65)	9.72
Q3 2014	17.01	(3.18)	(3.18)	8.29
Q4 2014	17.01	(2.42)	(2.42)	8.36
Q1 2015	17.01	(2.22)	(2.22)	7.69
Q2 2015	17.01	(3.76)	(3.11)	5.97
Q3 2015	17.01	(1.64)	(2.06)	6.65
Q4 2015	17.01	(2.29)	(2.71)	6.07
Q1 2016	17.01	(2.22)	(2.63)	5.44
Q2 2016	17.01	(0.68)	(1.74)	4.10
Q3 2016	17.01	(1.80)	(1.80)	3.65
Q4 2016	17.01	(1.64)	(1.64)	2.96
Q1 2017	17.01	(0.93)	(0.93)	3.07
Q2 2017	17.01	(0.62)	(0.68)	3.45
Q3 2017	17.01	(0.13)	(0.19)	3.50
Q4 2017	17.01	0.19	0.13	3.38
Q1 2018	17.01	0.14	0.08	3.45
Q2 2018	17.01	0.04	0.04	3.48
Q3 2018	17.01	0.11	(0.11)	3.60
Q4 2018	17.01	0.30	0.08	3.73
Q1 2019	17.01	0.31	(0.33)	3.80
Q2 2019	17.01	0.32	(0.39)	3.33
Q3 2019	17.01	(0.66)	(1.00)	3.16
Q4 2019	17.01	(1.51)	(1.96)	2.10
Q1 2020	17.01	(1.76)	(1.82)	1.65
Q2 2020	18.90	(2.35)	(2.20)	6.27
Q3 2020	18.90	(2.35)	(2.49)	5.50
Q4 2020	18.90	(3.82)	(3.44)	2.34
Q1 2021	18.90	(4.27)	(3.93)	2.20
Q2 2021	18.90	(3.96)	(3.77)	1.30
Q3 2021	18.90	(3.69)	(3.42)	0.70
Q4 2021	18.90	(1.88)	(2.14)	0.34
Q1 2022	5.00	(6.22)	(6.93)	(0.15)
Q2 2022	5.00	(5.28)	(6.00)	(0.30)
Q3 2022	5.00	(5.18)	(5.31)	(4.45)

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	17.01	0.06	0.06	13.92
2013	17.01	(3.09)	(3.09)	10.78
2014	17.01	(2.42)	(2.42)	8.36
2015	17.01	(2.29)	(2.71)	6.07
2016	17.01	(1.94)	(1.94)	2.96
2017	17.01	0.19	0.13	3.38
2018	17.01	0.30	0.08	3.73
2019	17.01	(1.51)	(1.96)	2.10
2020	18.90	(3.82)	(3.44)	2.34
2021	18.90	(1.88)	(2.14)	0.34

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	NEG	NEG	17.36
Q2 2013	NEG	NEG	21.47
Q3 2013	NEG	NEG	21.71
Q4 2013	NEG	NEG	27.01
Q1 2014	NEG	NEG	54.06
Q2 2014	NEG	NEG	26.54
Q3 2014	NEG	NEG	31.88
Q4 2014	NEG	NEG	28.72
Q1 2015	NEG	NEG	31.09
Q2 2015	NEG	NEG	43.89
Q3 2015	NEG	NEG	14.16
Q4 2015	NEG	NEG	13.03
Q1 2016	NEG	NEG	17.36
Q2 2016	NEG	NEG	20.56
Q3 2016	NEG	NEG	18.64
Q4 2016	NEG	NEG	30.47
Q1 2017	NEG	NEG	18.83
Q2 2017	NEG	NEG	12.20
Q3 2017	NEG	NEG	17.64
Q4 2017	More than 100	More than 100	18.76
Q1 2018	More than 100	More than 100	16.75
Q2 2018	More than 100	More than 100	19.10
Q3 2018	More than 100	NEG	14.85
Q4 2018	More than 100	More than 100	15.84
Q1 2019	More than 100	NEG	14.94
Q2 2019	More than 100	NEG	15.60
Q3 2019	NEG	NEG	16.11
Q4 2019	NEG	NEG	22.67
Q1 2020	NEG	NEG	20.52
Q2 2020	NEG	NEG	5.52
Q3 2020	NEG	NEG	21.74
Q4 2020	NEG	NEG	43.30
Q1 2021	NEG	NEG	49.25
Q2 2021	NEG	NEG	87.51
Q3 2021	NEG	NEG	141.76
Q4 2021	NEG	NEG	219.29
Q1 2022	NEG	NEG	(1886.48)
Q2 2022	NEG	NEG	(714.93)
Q3 2022	NEG	NEG	(47.18)

Period	P/E	Adjusted P/E	Price/book
2012	More than 100	More than 100	16.15
2013	NEG	NEG	27.01
2014	NEG	NEG	28.72
2015	NEG	NEG	13.03
2016	NEG	NEG	30.47
2017	More than 100	More than 100	18.76
2018	More than 100	More than 100	15.84
2019	NEG	NEG	22.67
2020	NEG	NEG	43.30
2021	NEG	NEG	219.29

Business Segments (Million)

Compared With The

Period	Retail Sector	Trading & Distribution Services	Production	Advertising Sector	Library Sector	Advertising and distribution sector	Public administration & Investments sector	Eliminations
Q1 2013	-	-	-	-	2.19	17.92	-	-
Q2 2013	-	-	-	-	9.86	28.41	-	-
Q3 2013	-	-	-	-	5.99	26.64	-	-
Q4 2013	-	-	-	-	3.44	17.97	-	-
Q1 2014	-	-	-	-	3.07	9.88	-	-
Q2 2014	-	-	-	-	8.78	31.79	-	-
Q3 2014	-	-	-	-	3.35	23.30	-	-
Q4 2014	-	-	-	-	2.99	21.17	-	-
Q1 2015	-	-	-	-	1.02	13.26	-	-
Q2 2015	-	-	-	-	3.80	22.24	-	-
Q3 2015	-	-	-	-	1.92	36.86	-	-
Q4 2015	-	-	-	-	1.31	22.23	-	-
Q1 2016	-	0.09	-	12.56	0.77	-	-	-
Q2 2016	-	11.60	-	14.23	1.50	-	-	-
Q3 2016	-	11.21	-	12.88	2.01	-	-	-
Q4 2016	-	-	-	-	0.42	19.36	-	-
Q1 2017	-	0.10	-	13.42	0.43	-	-	-
Q2 2017	-	1.22	-	11.43	2.55	-	-	-
Q3 2017	-	15.80	-	10.64	1.82	-	-	-
Q4 2017	-	2.99	-	10.40	0.75	-	-	-
Q1 2018	-	0.12	-	13.40	0.47	-	-	-
Q2 2018	-	1.11	-	11.07	1.32	-	-	-
Q3 2018	-	26.38	-	11.50	0.94	-	-	-
Q4 2018	-	0.16	-	13.15	1.02	-	-	-
Q1 2019	-	0.15	-	14.18	0.61	-	-	-
Q2 2019	-	26.58	-	6.50	6.98	-	-	-
Q3 2019	-	1.30	-	5.94	10.08	-	-	-
Q4 2019	-	0.30	-	16.46	7.72	-	-	-
Q1 2020	-	12.27	-	8.12	1.17	-	-	-
Q2 2020	-	14.05	-	3.89	3.48	-	-	-
Q3 2020	-	1.92	-	6.07	4.33	-	-	-
Q1 2021	-	0.26	8.50	1.48	6.10	-	-	-
Q2 2021	-	20.51	4.98	1.41	2.89	-	-	-
Q3 2021	-	1.56	3.94	1.43	7.49	-	-	-
Q4 2021	-	0.70	6.46	1.98	6.70	-	-	-
Q1 2022	8.19	1.23	6.16	1.65	0.01	-	-	(0.10)
Q2 2022	7.52	18.80	2.91	1.14	0.01	-	-	-
Q3 2022	7.36	7.30	7.66	1.37	-	-	-	-

Period	Retail Sector	Trading & Distribution Services	Production	Advertising Sector	Library Sector	Advertising and distribution sector	Public administration & Investments sector	Eliminations
2012	-	-	-	-	24.15	113.24	-	-
2013	-	-	-	-	21.48	90.93	-	-
2014	-	-	-	-	18.20	86.13	-	-
2015	-	-	-	-	8.05	94.59	-	-
2016	-	-	-	-	4.71	81.93	-	-
2017	-	20.12	-	45.89	5.54	-	-	-
2018	-	27.77	-	49.12	3.76	-	-	-
2019	-	28.34	-	43.09	25.39	-	-	-
2020	-	27.69	27.15	7.18	13.42	-	12.17	(14.35)
2021	-	23.03	23.88	6.29	23.18	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	613.60
Enterprise Value (EV) (M)	396.89
Shares Outstanding ((M))	40.00
EPS ( Riyal) (TTM)	(1.07)
Book Value (BV) ( Riyal)	5.18
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.96
Return on Average Assets (%) (TTM)	(9.94 )
Return on Average Equity (%) (TTM)	(18.94 )

Tihama Advertising and Public Relations Co. (TAPRCO)

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Tihama’s 9M 2022/23 losses shrink to SAR 17.6 mln; Q3 loss at SAR 8 mln

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Financials (M)

Current Quarter Comparison (M)

Shareholders’ equity, excluding minority interest, reached -SAR 18.3 million by the end of the nine-month period, versus SAR 13.2 million in the year-earlier period.

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) 2022 Q3

Financial Ratios

Share Price

Tihama Advertising and Public Relations Co. (TAPRCO)

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Tihama’s 9M 2022/23 losses shrink to SAR 17.6 mln; Q3 loss at SAR 8 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Shareholders’ equity, excluding minority interest, reached -SAR 18.3 million by the end of the nine-month period, versus SAR 13.2 million in the year-earlier period.

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

Tihama Advertising and Public Relations Co. (TAPRCO)

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Business Segments (Million)