Knowledge Tower’s profit falls 38% to SAR 3.2M profit in H1 2024/25

Knowledge Tower’s profit falls 38% to SAR 3.2M profit in H1 2024/25

02/12/2024 Argaam Exclusive

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Knowledge Tower Trading Co. reported a net profit of SAR 3.2 million for six months ended on Sept. 30, 2024, a slump of 38%, from SAR 5.1 million in the a year-earlier period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 21.42 20.75 (3.1 %)
Net Income 5.13 3.20 (37.6 %)
Average Shares 17.50 17.50 -
EPS (Riyals) 0.29 0.18 (37.6 %)

Sales fell 3% year-on-year (YoY) as most of the mega project sales occur during the second half of the fiscal year. The company also ascribed lower profit to higher selling, marketing and financing costs.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 21.42 20.75 (3.1 %)
Net Income 5.13 3.20 (37.6 %)
Average Shares 17.50 17.50 -
EPS (Riyals) 0.29 0.18 (37.6 %)
Total shareholders’ equity (no minority interest) stood at SAR 22.96 million by Sept. 30, 2024, compared to SAR 24.12 million a year earlier.

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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 12.21 - 4.12 - 3.15 -
H2 2020 1.59 - 1.48 - 0.69 -
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 %)
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 %
H1 2023 21.42 2.3 % - - - -
H2 2023 10.00 19.3 % - - - -
H1 2024 20.75 (3.1 %) 9.10 - 3.77 -


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 3.05 - 0.17 - 3.05 0.17
H2 2020 0.60 - 0.03 - 0.60 0.03
H1 2021 4.64 51.9 % 0.27 - 4.64 0.27
H2 2021 (1.06) (277.5 %) (0.06) - (1.06) (0.06)
H1 2022 6.11 31.7 % 0.35 - 6.11 0.35
H2 2022 (0.75) 29.4 % (0.04) - (0.75) (0.04)
H1 2023 5.13 (16.1 %) 0.29 - 5.13 0.29
H2 2023 (1.74) (132.3 %) (0.10) - (1.74) (0.10)
H1 2024 3.20 (37.6 %) 0.18 - 3.20 0.18

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 40.51 % 29.15 % 26.45 %
H1 2021 40.52 % 27.44 % 25.42 %
H2 2021 37.35 % 22.00 % 17.55 %
H1 2022 43.96 % 27.04 % 22.61 %
H2 2022 39.00 % 22.08 % 18.29 %
H1 2023 - - 14.70 %
H2 2023 - - 10.79 %
H1 2024 39.07 % 13.00 % 4.76 %


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 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
H1 2024 17.50 0.08 0.08 1.31

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 19.55 19.55 4.32
H1 2023 29.56 29.56 5.37
H2 2023 35.60 35.60 6.11
H1 2024 74.05 74.05 4.73

Business Segments (Million)

Compared With The
Period Books and Publications Books and Publications through Websites allowed discount
Q2 2023 20.30 1.11 -
Q2 2024 20.75 - -


Share Price

Knowledge Tower Trading Co.
17.42
1.48 9.28 %

Knowledge Tower Trading Co. (KNOWLEDGE TOWER)

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