Knowledge Tower posts 50% profit leap to SAR 5.4 mln in FY2022/23
21/06/2023
Argaam Exclusive
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Knowledge Tower Trading Co. reported a net profit jump of 50% to SAR 5.4 million for the fiscal year ended March 31, 2023, from SAR 3.6 million a year earlier.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 20.40 | 29.32 | 43.7 % |
| Gross Income | 7.62 | 11.44 | 50.1 % |
| Operating Income | 4.15 | 6.09 | 46.6 % |
| Net Income | 3.58 | 5.36 | 49.8 % |
| Average Shares | 17.50 | 17.50 | - |
| EPS (Riyals) | 0.20 | 0.31 | 49.8 % |
The company attributed the profit growth to a 43.7% rise year-on-year (YoY) in net operating revenue, thanks to higher sales of books and school education tools as students resumed physical attendance this year.
By contrast, operating expenses increased.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 1.40 | 8.39 | 499.1 % |
| Gross Income | 0.75 | 2.37 | 214.9 % |
| Operating Income | (0.58) | (0.13) | 77.4 % |
| Net Income | (1.06) | (0.75) | 29.4 % |
| Average Shares | 17.50 | 17.50 | - |
| EPS (Riyals) | (0.06) | (0.04) | 29.4 % |
Shareholders’ equity, no minority interest, stood at SAR 24.24 million by the end of the 12-month period, up from SAR 21.07 million a year earlier.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 20.94 | 10.2 % | 9.07 | 32.0 % | 6.22 | 31.5 % |
| H2 2022 | 8.39 | 499.1 % | 2.37 | 214.9 % | (0.13) | 77.4 % |
| 2022 | 29.32 | 43.7 % | 11.44 | 50.1 % | 6.09 | 46.6 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| H1 2022 | 6.11 | 31.7 % | 0.35 | - | 6.11 | 0.35 |
| H2 2022 | (0.75) | 29.4 % | (0.04) | - | (0.75) | (0.04) |
| 2022 | 5.36 | 49.8 % | 0.31 | - | 5.36 | 0.31 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2022 | 43.96 % | 27.04 % | 22.61 % |
| H2 2022 | 39.00 % | 22.08 % | 18.29 % |
| 2022 | 39.00 % | 22.09 % | 18.29 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 17.50 | 0.29 | 0.29 | 1.55 |
| H2 2022 | 17.50 | 0.31 | 0.31 | 1.39 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | 19.55 | 19.55 | 4.32 |
Business Segments (Million)
2022
| Period | Books and Publications | Books and Publications through Websites | allowed discount |
|---|
| Current | |
| Market Cap (M Riyal) | 200.20 |
| Enterprise Value (EV) (M) | 208.26 |
| Shares Outstanding ((M)) | 17.50 |
| Book Value (BV) ( Riyal) | 1.13 |
| Par Value ( Riyal) | 1.00 |
| Adjusted P/E (Last12) | More than 100 |
| Price/book | 10.13 |
Share Price
Knowledge Tower Trading Co. (KNOWLEDGE TOWER)
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