International Human Resources posts 24% profit growth to SAR 3.7 mln in H1 2022

International Human Resources posts 24% profit growth to SAR 3.7 mln in H1 2022

14/09/2022 Argaam Exclusive

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International Human Resources Co. posted a rise of 24% in H1 2022 net profit after Zakat and tax to SAR 3.7 million, compared to SAR 3 million in the year-earlier period.  

 


Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 41.41 39.20 (5.3 %)
Gross Income 8.90 8.99 1.1 %
Operating Income 3.19 2.40 (24.8 %)
Net Income 3.00 3.72 23.8 %
Average Shares 50.00 50.00 -
EPS (Halala) 6.01 7.43 23.8 %

The higher profit was driven by lower operating expenses (OPEX) in the current period, due to the replacement of non-Saudi employees with nationals for some projects. This, in turn, reduced the government fees related to residency renewals, work licenses and transfer of sponsorship. 

 


Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 41.41 39.20 (5.3 %)
Gross Income 8.90 8.99 1.1 %
Operating Income 3.19 2.40 (24.8 %)
Net Income 3.00 3.72 23.8 %
Average Shares 50.00 50.00 -
EPS (Halala) 6.01 7.43 23.8 %

Shareholders equity, after minority interest, came in at SAR 22.689 million as of June 30, 2022, up from SAR 19.204 million a year earlier.

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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 %)


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

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 %


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

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 - - -


Financial Ratios
Current
Market Cap (M Riyal) 274.00
Enterprise Value (EV) (M) 271.37
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 6.32
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Share Price

International Human Resources Co.
5.48
0.27 5.18 %

International Human Resources Co. (ALDAWLIAH)

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