Knowledge Tower’s profit down 37% to SAR 3.4M in FY23/24

30/06/2024 Argaam Exclusive

View other reports

Knowledge Tower Trading Co.’s net profit dropped by 37% to SAR 3.4 million in the fiscal year (FY) ended on March 31, 2024, compared to SAR 5.4 million a year earlier.

Financials (M)

Item	2022	2023	Change‬
Revenues	29.32	31.42	7.2 %
Gross Income	11.44	12.06	5.4 %
Operating Income	6.09	4.96	(18.6 %)
Net Income	5.36	3.39	(36.8 %)
Average Shares	17.50	17.50	-
EPS (Riyals)	0.31	0.19	(36.8 %)

Current Half Annual Comparison (M)

Compared With The

Item	H2 2022	H2 2023	Change‬
Revenues	8.39	10.00	19.3 %
Gross Income	2.37	2.92	23.1 %
Operating Income	(0.13)	(0.27)	(109.1 %)
Net Income	(0.75)	(1.74)	(132.3 %)
Average Shares	17.50	17.50	-
EPS (Riyals)	(0.04)	(0.10)	(132.3 %)

Item	H1 2023	H2 2023	Change‬
Revenues	21.42	10.00	(53.3 %)
Gross Income	9.14	2.92	(68.1 %)
Operating Income	5.23	(0.27)	(105.2 %)
Net Income	5.13	(1.74)	(133.9 %)
Average Shares	17.50	17.50	-
EPS (Riyals)	0.29	(0.10)	(133.9 %)

This was driven by higher advertisement fees year-on-year (YoY) as the company was bracing for new projects, an increase in salaries and commissions, and rising cost of finance, despite a 7% YoY increase in revenue on strong operating performance.

Total shareholders’ equity, no minority interest, reached SAR 19.76 million as of March 31, 2024, compared to SAR 24.24 million a year earlier.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	14.13	-	2.62	-	0.95	-
H1 2020	12.21	-	4.12	-	3.15	-
H2 2020	1.59	-	1.48	-	0.69	-
2020	13.80	(2.3 %)	5.59	113.1 %	3.84	303.2 %
H1 2021	19.00	55.6 %	6.87	66.9 %	4.73	50.1 %
H2 2021	1.40	(12.1 %)	0.75	(49.0 %)	(0.58)	(184.2 %)
2021	20.40	47.8 %	7.62	36.3 %	4.15	8.2 %
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 %
H1 2023	21.42	2.3 %	9.14	0.8 %	5.23	(15.9 %)
H2 2023	10.00	19.3 %	2.92	23.1 %	(0.27)	(109.1 %)
2023	31.42	7.2 %	12.06	5.4 %	4.96	(18.6 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	14.13	-	2.62	-	0.95	-
2020	13.80	(2.3 %)	5.59	113.1 %	3.84	303.2 %
2021	20.40	47.8 %	7.62	36.3 %	4.15	8.2 %
2022	29.32	43.7 %	11.44	50.1 %	6.09	46.6 %
2023	31.42	7.2 %	12.06	5.4 %	4.96	(18.6 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	0.75	-	0.04	-	0.75	0.04
H1 2020	3.05	-	0.17	-	3.05	0.17
H2 2020	0.60	-	0.03	-	0.60	0.03
2020	3.65	385.5 %	0.21	-	3.65	0.21
H1 2021	4.64	51.9 %	0.27	-	4.64	0.27
H2 2021	(1.06)	(277.5 %)	(0.06)	-	(1.06)	(0.06)
2021	3.58	(2.0 %)	0.20	-	3.58	0.20
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
H1 2023	5.13	(16.1 %)	0.29	-	5.13	0.29
H2 2023	(1.74)	(132.3 %)	(0.10)	-	(1.74)	(0.10)
2023	3.39	(36.8 %)	0.19	-	3.39	0.19

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	0.75	-	0.04	-	0.75	0.04
2020	3.65	385.5 %	0.21	-	3.65	0.21
2021	3.58	(2.0 %)	0.20	-	3.58	0.20
2022	5.36	49.8 %	0.31	-	5.36	0.31
2023	3.39	(36.8 %)	0.19	-	3.39	0.19

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2014	-	-	-
H2 2014	-	-	-
2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
2019	18.57 %	7.86 %	5.32 %
H1 2020	-	-	-
H2 2020	40.51 %	29.15 %	26.45 %
2020	40.51 %	29.15 %	26.45 %
H1 2021	40.52 %	27.44 %	25.42 %
H2 2021	37.35 %	22.00 %	17.55 %
2021	37.35 %	22.00 %	17.55 %
H1 2022	43.96 %	27.04 %	22.61 %
H2 2022	39.00 %	22.08 %	18.29 %
2022	39.00 %	22.09 %	18.29 %
H1 2023	38.62 %	18.16 %	14.70 %
H2 2023	38.38 %	17.22 %	10.79 %
2023	38.38 %	17.22 %	10.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	18.57 %	7.86 %	5.32 %
2020	40.51 %	29.15 %	26.45 %
2021	37.35 %	22.00 %	17.55 %
2022	39.00 %	22.09 %	18.29 %
2023	38.38 %	17.22 %	10.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2014	-	-	-
H2 2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
H1 2020	33.70 %	26.50 %	25.01 %
H2 2020	92.71 %	49.42 %	37.47 %
H1 2021	36.14 %	25.60 %	24.41 %
H2 2021	53.79 %	(26.82 %)	(75.64 %)
H1 2022	43.30 %	30.64 %	29.18 %
H2 2022	28.27 %	0.73 %	(8.92 %)
H1 2023	42.68 %	24.99 %	23.94 %
H2 2023	29.17 %	0.60 %	(17.37 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
H1 2014	-	-	-	-
H2 2014	-	-	-	-
H1 2015	-	-	-	-
H2 2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
H1 2017	-	-	-	-
H2 2017	-	-	-	-
H1 2018	-	-	-	-
H2 2018	-	-	-	-
H1 2019	-	-	-	-
H2 2019	-	-	-	-
H1 2020	17.50	-	-	0.24
H2 2020	17.50	0.21	0.21	0.28
H1 2021	17.50	0.30	0.30	1.27
H2 2021	17.50	0.20	0.20	1.20
H1 2022	17.50	0.29	0.29	1.55
H2 2022	17.50	0.31	0.31	1.39
H1 2023	17.50	0.25	0.25	1.38
H2 2023	17.50	0.19	0.19	1.13

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	17.50	0.04	0.04	0.07
2020	17.50	0.21	0.21	0.28
2021	17.50	0.20	0.20	1.20
2022	17.50	0.31	0.31	1.39
2023	17.50	0.19	0.19	1.13

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
H1 2014	-	-	-
H2 2014	-	-	-
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	19.55	19.55	4.32
H1 2023	29.56	29.56	5.37
H2 2023	35.60	35.60	6.11

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	19.55	19.55	4.32
2023	35.60	35.60	6.11

Business Segments (Million)

Compared With The

Period	Books and Publications	Books and Publications through Websites	allowed discount

Period	Books and Publications	Books and Publications through Websites	allowed discount
2019	14.13	-	-
2020	13.84	-	(0.04)
2021	20.40	-	-
2022	26.11	3.22	-
2023	30.85	0.57	-

Financial Ratios

	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

Knowledge Tower Trading Co. (KNOWLEDGE TOWER)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Knowledge Tower’s profit down 37% to SAR 3.4M in FY23/24

View other reports

Financials (M)

Current Half Annual 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) 2023 Q4

Financial Ratios

Share Price

Knowledge Tower Trading Co. (KNOWLEDGE TOWER)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

Knowledge Tower’s profit down 37% to SAR 3.4M in FY23/24

View other reports

Financials (M)

Current Half Annual 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) 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Knowledge Tower Trading Co. (KNOWLEDGE TOWER)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)