TAM profit rises to SAR 4.8 mln in H1 2023

TAM profit rises to SAR 4.8 mln in H1 2023

03/09/2023 Argaam Exclusive

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TAM Development Co. reported a net profit to SAR 4.8 million in H1 2023, compared to SAR 2.4 million in H1 2022, spurred by higher sales. 



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 38.26 62.81 64.2 %
Gross Income 12.43 24.43 96.6 %
Operating Income 3.31 6.69 102.3 %
Net Income 2.37 4.76 100.8 %
Average Shares 3.66 3.66 -
EPS (Riyals) 0.65 1.30 100.8 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 38.26 62.81 64.2 %
Gross Income 12.43 24.43 96.6 %
Operating Income 3.31 6.69 102.3 %
Net Income 2.37 4.76 100.8 %
Average Shares 3.66 3.66 -
EPS (Riyals) 0.65 1.30 100.8 %

Total shareholders’ equity, no minority interest, rose to SAR 76.89 million by the end of the six-month period from SAR 46.25 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

25.10

2.81

0.77

H2 2021

64.75

13.71

3.75

H1 2022

38.26

2.37

0.72

H2 2022

108.81

25.56

6.98

H1 2023

62.811

4.76

1.45

 

View more financial results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 25.10 - 9.05 - 3.31 -
H2 2021 64.75 - 26.38 - 14.48 -
H1 2022 38.26 52.4 % 12.43 37.3 % 3.31 (0.1 %)
H2 2022 108.82 68.1 % 42.40 60.7 % 26.75 84.7 %
H1 2023 62.81 64.2 % 24.43 96.6 % 6.69 102.3 %


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 - - - - - -
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 2.81 - 0.77 - 2.81 0.77
H2 2021 13.70 - 3.74 - 13.70 3.74
H1 2022 2.37 (15.6 %) 0.65 - 2.37 0.65
H2 2022 25.56 86.5 % 6.98 - 25.56 6.98
H1 2023 4.76 100.8 % 1.30 - 4.76 1.30

Profitability

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 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 39.44 % 22.11 % 18.38 %
H1 2022 37.68 % 19.51 % 15.61 %
H2 2022 37.28 % 22.25 % 18.99 %
H1 2023 38.94 % 21.33 % 17.67 %


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 - - - -
H2 2020 - - - -
H1 2021 3.66 - - 8.55
H2 2021 3.66 4.51 4.51 12.25
H1 2022 3.66 4.39 4.39 12.64
H2 2022 3.66 7.63 7.63 19.57
H1 2023 3.66 8.28 8.28 21.01

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 - - -
H1 2023 15.66 15.66 6.18

Business Segments (Million)

Compared With The
Period Advisory and project management services Technical solutions
Q2 2021 19.60 5.50
Q4 2021 52.39 12.35
Q2 2022 33.05 5.21
Q4 2022 93.40 15.41
Q2 2023 55.92 6.89


Financial Ratios
Current
Market Cap (M Riyal) 721.55
Enterprise Value (EV) (M) 669.19
Shares Outstanding ((M)) 3.66
Book Value (BV) ( Riyal) 29.99
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 17.77
Price/book 6.57
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Share Price

Tam Development Co.
197.20
1.20 0.61 %

Tam Development Co. (TAM DEVELOPMENT)

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