Sure Global net profit up 19% to SAR 28.7M in 2023

Sure Global net profit up 19% to SAR 28.7M in 2023

24/03/2024 Argaam Exclusive

View other reports

Sure Global Tech Co. reported a net profit of SAR 28.7 million for 2023, an increase of 19% compared to SAR 24.1 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 207.67 194.29 (6.4 %)
Gross Income 51.41 56.46 9.8 %
Operating Income 26.81 30.08 12.2 %
Net Income 24.08 28.67 19.1 %
Average Shares 7.69 7.69 -
EPS (Riyals) 3.13 3.73 19.1 %

This was propelled by an increase in revenues of managed services, digital services, and products segments. They represent profit margins higher than infrastructure segment, whose revenues slipped 6% year-on-year (YoY).

 

Operating profit rose 17% YoY, along with lower cost of revenue and higher other revenue



 Total shareholders’ equity, no minority interest, stood at SAR 114.46 million by Dec. 31, 2023, compared to SAR 96.06 million a year earlier.

 

Quarterly Results

Period

Revenue (SAR mln)

Net Profit (SAR mln)

EPS (SAR/Share)

H1 2020

55.95

5.18

0.70

H2 2020

78.85

10.23

1.36

H1 2021

52.38

8.69

1.13

H2 2021

133.05

9.44

1.22

H1 2022

112.45

13.18

1.71

H2 2022

95.22

10.9

1.42

H1 2023

82.67

15.92

2.07

H2 2023

111.62

12.75

1.66

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 - - - - - - -
Q2 2019 - - - - - - -
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 19.10 - 6.48 - 2.67 - 0.36
Q2 2020 36.86 - 7.20 - 2.51 - 0.33
Q3 2020 - - - - - - -
Q4 2020 - - - - - - -
Q1 2021 24.27 27.1 % 9.63 48.6 % 5.30 98.7 % 0.69
Q2 2021 28.10 (23.8 %) 8.67 20.4 % 3.39 34.9 % 0.44
Q3 2021 - - - - - - -
Q4 2021 - - - - - - -
Q1 2022 41.59 71.3 % 12.26 27.3 % 7.11 34.1 % 0.92
Q2 2022 70.86 152.1 % 12.14 40.0 % 6.08 79.3 % 0.79
Q3 2022 - - - - - - -
Q4 2022 - - - - - - -
Q1 2023 40.46 (2.7 %) 13.16 7.3 % 8.07 13.6 % 1.05
Q2 2023 42.21 (40.4 %) 15.73 29.6 % 7.85 29.1 % 1.02
Q3 2023 - - - - - - -
Q4 2023 - - - - - - -
2023 194.29 (6.4 %) 56.46 9.8 % 28.67 19.1 % 3.73

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 33.94 % - 13.96 %
Q2 2020 24.45 % - 9.25 %
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 29.06 % - 13.06 %
Q2 2021 29.52 % - 12.80 %
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 28.86 % - 13.99 %
Q2 2022 25.90 % - 13.27 %
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 25.54 % - 13.62 %
Q2 2023 27.31 % - 14.92 %
Q3 2023 - - -
Q4 2023 - - -
2023 29.06 % 16.52 % 14.76 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 - - - -
Q2 2019 - - - -
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 7.50 0.36 0.36 -
Q2 2020 7.50 0.69 0.69 5.70
Q3 2020 - - - -
Q4 2020 - - - -
Q1 2021 7.69 1.36 1.36 -
Q2 2021 7.69 1.80 1.80 9.38
Q3 2021 - - - -
Q4 2021 - - - -
Q1 2022 7.69 2.38 2.38 -
Q2 2022 7.69 2.84 2.84 10.99
Q3 2022 - - - -
Q4 2022 - - - -
Q1 2023 7.69 3.20 3.20 -
Q2 2023 7.69 3.78 3.78 13.22
Q3 2023 - - - -
Q4 2023 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -
Q3 2020 - - -
Q4 2020 - - -
Q1 2021 - - -
Q2 2021 - - -
Q3 2021 - - -
Q4 2021 - - -
Q1 2022 - - -
Q2 2022 - - -
Q3 2022 - - -
Q4 2022 - - -
Q1 2023 9.98 9.98 -
Q2 2023 14.62 14.62 4.18
Q3 2023 - - -
Q4 2023 - - -

Business Segments (Million)

Compared With The
Period Infrastructure Managed Sevices Digital Services Products
Q2 2022 40.62 15.95 11.89 2.41
Q2 2023 7.93 17.22 14.52 2.54


Financial Ratios
Current
Market Cap (M Riyal) 638.27
Enterprise Value (EV) (M) 572.64
Shares Outstanding ((M)) 7.69
Book Value (BV) ( Riyal) 14.88
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 22.26
Price/book 5.58
more

Share Price

Sure Global Tech Co.
83.00
0.30 0.36 %

Sure Global Tech Co. (SURE)

More

Comments {{getCommentCount()}}

Be the first to comment

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

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.