KEIR H1 2024 profit rises to SAR 11M

KEIR H1 2024 profit rises to SAR 11M

28/08/2024 Argaam Exclusive

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KEIR International Co. (KEIR) reported a net profit of SAR 11 million in H1 2024, up from SAR 1.3 million in the year before.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 77.56 144.99 86.9 %
Gross Income 15.11 26.56 75.8 %
Operating Income 5.65 15.46 173.9 %
Net Income 1.29 10.99 751.0 %
Average Shares 120.00 120.00 -
EPS (Riyals) 0.01 0.09 751.0 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 77.56 144.99 86.9 %
Gross Income 15.11 26.56 75.8 %
Operating Income 5.65 15.46 173.9 %
Net Income 1.29 10.99 751.0 %
Average Shares 120.00 120.00 -
EPS (Riyals) 0.01 0.09 751.0 %

The profit surge was due to higher revenues, which reached SAR 144.99 million, up from SAR 77.56 million, a rise of 87% year-on-year (YoY), driven by increase in commercial activities and client engagements.

 

Total operating profits grew to SAR 15.5 million during the period, compared to SAR 5.6 million in the same period a year earlier, registering a 174% YoY increase.

 

Total shareholders’ equity, no minority interest, stood at SAR 243.94 million by the end of H1 2024, compared to SAR 234.20 million in the year-earlier period.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

63.59

6.64

0.06

H2 2022

107.82

13.20

0.11

H1 2023

77.56

1.29

0.01

H2 2023

131.61

8.05

0.07

H1 2024

144.99

10.99

0.09

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 56.65 - 10.13 - 5.32 -
H2 2021 112.73 - 24.09 - 17.72 -
H1 2022 63.59 12.3 % 16.78 65.7 % 8.52 60.1 %
H2 2022 107.82 (4.4 %) 27.74 15.1 % 19.31 9.0 %
H1 2023 77.56 22.0 % 15.11 (10.0 %) 5.65 (33.8 %)
H2 2023 131.61 22.1 % 29.92 7.9 % 18.34 (5.0 %)
H1 2024 144.99 86.9 % 26.56 75.8 % 15.46 173.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 4.06 - 0.04 - 4.06 0.04
H2 2021 12.88 - 0.11 - 12.88 0.11
H1 2022 6.64 63.3 % 0.06 - 6.64 0.06
H2 2022 13.20 2.5 % 0.11 - 13.20 0.11
H1 2023 1.29 (80.5 %) 0.01 - 1.29 0.01
H2 2023 8.05 (39.1 %) 0.07 - 8.05 0.07
H1 2024 10.99 751.0 % 0.09 - 10.99 0.09

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 20.20 % 15.12 % 10.00 %
H1 2022 23.18 % 16.35 % 11.07 %
H2 2022 25.97 % 17.79 % 11.57 %
H1 2023 23.11 % 15.22 % 7.82 %
H2 2023 21.53 % 13.14 % 4.46 %
H1 2024 20.42 % 13.55 % 6.88 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 100.00 - - 1.55
H2 2021 120.00 0.14 0.14 1.95
H1 2022 120.00 0.16 0.16 1.94
H2 2022 120.00 0.17 0.17 2.02
H1 2023 120.00 0.12 0.12 1.95
H2 2023 120.00 0.08 0.08 2.02
H1 2024 120.00 0.16 0.16 2.03

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 73.79 73.79 6.05
H1 2023 46.36 46.36 2.87
H2 2023 58.21 58.21 2.24
H1 2024 23.38 23.38 1.83

Business Segments (Million)

Compared With The
Period Telecommunication Power Software
Q2 2022 49.51 14.08 -
Q4 2022 89.98 17.84 -
Q2 2023 43.39 30.59 3.59
Q4 2023 47.78 79.75 4.08
Q2 2024 52.07 87.79 5.13


Financial Ratios
Current
Market Cap (M Riyal) 720.00
Enterprise Value (EV) (M) 806.88
Shares Outstanding ((M)) 120.00
Book Value (BV) ( Riyal) 2.02
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
Price/book 2.97
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Share Price

KEIR International Co.
6.00
(0.08) (1.32 %)

KEIR International Co. (KEIR)

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