IHR 2022 net profit rises by 75% to SAR 4.3 mln

IHR 2022 net profit rises by 75% to SAR 4.3 mln

30/03/2023 Argaam Exclusive

View other reports

International Human Resources Co.’s (IHR) 2022 net profit jumped by 75% to SAR 4.3 million from SAR 2.5 million a year earlier, on lower operational costs on the localization support programs. The company also indicated that last year results included provisions for doubtful debt at SAR 2.2 million.



Financials (M)

Item 2021 2022 Change‬
Revenues 77.99 77.23 (1.0 %)
Gross Income 15.67 16.23 3.6 %
Operating Income 3.21 6.74 109.8 %
Net Income 2.46 4.30 75.0 %
Average Shares 50.00 50.00 -
EPS (Halala) 4.92 8.60 75.0 %


Current Half Annual Comparison (M)

Compared With The
Item H2 2021 H2 2022 Change‬
Revenues 36.58 38.04 4.0 %
Gross Income 6.77 7.24 6.9 %
Operating Income 0.02 4.34 19616.4 %
Net Income (0.54) 0.58 207.5 %
Average Shares 50.00 50.00 -
EPS (Halala) (1.09) 1.17 207.5 %

Total shareholders’ equity, no minority interest, reached SAR 39.79 million by the end of 2022, compared to SAR 18.97 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
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 41.41 - 8.90 - 3.19 -
H2 2021 36.58 - 6.77 - 0.02 -
H1 2022 39.20 (5.3 %) 8.99 1.1 % 2.40 (24.8 %)
H2 2022 38.04 4.0 % 7.24 6.9 % 4.34 19616.4 %
2022 77.23 (1.0 %) 16.23 3.6 % 6.74 109.8 %


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
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 3.00 - 6.01 - 3.00 0.06
H2 2021 (0.54) - (1.09) - (0.54) (0.01)
H1 2022 3.72 23.8 % 7.43 - 3.72 0.07
H2 2022 0.58 207.5 % 1.17 (1.51) 2.09 0.04
2022 4.30 75.0 % 8.60 (1.51) 5.81 0.12

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
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 20.09 % 5.12 % 3.15 %
H1 2022 20.81 % 4.11 % 4.19 %
H2 2022 21.02 % 9.62 % 7.52 %
2022 21.02 % 9.62 % 7.52 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
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 50.00 - - 0.38
H2 2021 50.00 4.92 4.92 0.38
H1 2022 50.00 6.35 6.35 0.45
H2 2022 50.00 8.60 11.61 0.80

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
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 32.60 24.15 3.52

Current
Market Cap (M Riyal) 260.50
Enterprise Value (EV) (M) 257.87
Shares Outstanding ((M)) 50.00
Book Value (BV) ( Riyal) 0.87
Par Value ( Halala) 50.00
Adjusted P/E (Last12) More than 100
Price/book 6.01

Share Price

International Human Resources Co. (ALDAWLIAH)


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
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.