United International 9M 2024 net profit rises to SAR 158.1M; Q3 at SAR 59M

03/12/2024 Argaam Exclusive

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United International Holding Co. posted a net profit of SAR 158.1 million for the first nine months of 2024, a slight increase year-on-year (YoY) from SAR 156.8 million.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Net income from finance commissions	337.28	392.27	16.3 %
Net Income	156.82	158.13	0.8 %
Average Shares	25.00	25.00	-
EPS (Riyals)	6.27	6.33	0.8 %

The profit increase was driven by a 20% increase in the consumer finance portfolio of United Company for Financial Services (Tasheel Finance) due to its Shariah compliant financing solutions, which led to increase in the company's revenue by 17.7%.

However, this was offset by the increase of expected credit loss provisions, and selling, marketing, general and administrative expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Net income from finance commissions	115.38	140.69	21.9 %
Net Income	53.07	58.95	11.1 %
Average Shares	25.00	25.00	-
EPS (Riyals)	2.12	2.36	11.1 %

Item	Q2 2024	Q3 2024	Change‬
Net income from finance commissions	130.54	140.69	7.8 %
Net Income	46.82	58.95	25.9 %
Average Shares	25.00	25.00	-
EPS (Riyals)	1.87	2.36	25.9 %

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Financial results (Million)

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
2016	-	-	-	-
Q1 2017	-	-	-	-
Q2 2017	-	-	-	-
Q3 2017	-	-	-	-
Q4 2017	-	-	-	-
2017	-	-	-	-
Q1 2018	-	-	-	-
Q2 2018	-	-	-	-
Q3 2018	-	-	-	-
Q4 2018	-	-	-	-
2018	-	-	-	-
Q1 2019	-	-	-	-
Q2 2019	-	-	-	-
Q3 2019	-	-	-	-
Q4 2019	-	-	-	-
2019	-	-	-	-
Q1 2020	-	-	-	-
Q2 2020	-	-	-	-
Q3 2020	-	-	-	-
Q4 2020	-	-	-	-
2020	130.63	-	125.25	-
Q1 2021	-	-	-	-
Q2 2021	-	-	-	-
Q3 2021	-	-	-	-
Q4 2021	-	-	-	-
2021	300.90	130.3 %	289.68	131.3 %
Q1 2022	-	-	-	-
Q2 2022	-	-	-	-
Q3 2022	-	-	-	-
Q4 2022	-	-	-	-
2022	416.96	38.6 %	389.18	34.3 %
Q1 2023	-	-	-	-
Q2 2023	-	-	-	-
Q3 2023	132.26	-	115.38	-
Q4 2023	383.21	-	123.34	-
2023	523.85	25.6 %	460.61	18.4 %
Q1 2024	139.44	-	121.04	-
Q2 2024	149.82	-	130.54	-
Q3 2024	161.69	22.3 %	140.69	21.9 %

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	-	-	-	-
2020	130.63	-	125.25	-
2021	300.90	130.3 %	289.68	131.3 %
2022	416.96	38.6 %	389.18	34.3 %
2023	523.85	25.6 %	460.61	18.4 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	-	-	-	-	-	-
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	22.16	-	0.89	-	22.16	0.89
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	129.63	484.9 %	5.19	-	129.63	5.19
Q1 2022	-	-	-	-	-	-
Q2 2022	-	-	-	-	-	-
Q3 2022	-	-	-	-	-	-
Q4 2022	-	-	-	-	-	-
2022	192.75	48.7 %	7.71	-	192.75	7.71
Q1 2023	-	-	-	-	-	-
Q2 2023	-	-	-	-	-	-
Q3 2023	53.07	-	2.12	-	53.07	2.12
Q4 2023	55.35	-	2.21	-	55.35	2.21
2023	212.16	10.1 %	8.49	-	212.16	8.49
Q1 2024	52.35	-	2.09	-	52.35	2.09
Q2 2024	46.82	-	1.87	-	46.82	1.87
Q3 2024	58.95	11.1 %	2.36	-	58.95	2.36

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	-	-	-	-	-	-
2020	22.16	-	0.89	-	22.16	0.89
2021	129.63	484.9 %	5.19	-	129.63	5.19
2022	192.75	48.7 %	7.71	-	192.75	7.71
2023	212.16	10.1 %	8.49	-	212.16	8.49

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	-	-	-
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	-	-	-
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	-	-	16.97 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	12.62 %	30.82 %	43.08 %
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
2022	13.36 %	33.12 %	46.23 %
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	-	-	-
2023	11.92 %	27.04 %	40.50 %
Q1 2024	-	-	-
Q2 2024	-	-	36.93 %
Q3 2024	-	22.66 %	36.09 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	16.97 %
2021	12.62 %	30.82 %	43.08 %
2022	13.36 %	33.12 %	46.23 %
2023	11.92 %	27.04 %	40.50 %

Balance Sheet (B)

Period	Assets	Change	Net Finance Investments	Change
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	-	-	-	-
Q2 2023	-	-	-	-
Q3 2023	1.94	-	1.87	-
Q4 2023	1.94	-	1.87	-
Q1 2024	-	-	-	-
Q2 2024	2.19	-	2.10	-
Q3 2024	2.33	20.5 %	2.25	20.4 %

Period	Assets	Change	Net Finance Investments	Change
3m 2015	-	-	-	-
6m 2015	-	-	-	-
9m 2015	-	-	-	-
12m 2015	-	-	-	-
3m 2016	-	-	-	-
6m 2016	-	-	-	-
9m 2016	-	-	-	-
12m 2016	-	-	-	-
3m 2017	-	-	-	-
6m 2017	-	-	-	-
9m 2017	-	-	-	-
12m 2017	-	-	-	-
3m 2018	-	-	-	-
6m 2018	-	-	-	-
9m 2018	-	-	-	-
12m 2018	-	-	-	-
3m 2019	-	-	-	-
6m 2019	-	-	-	-
9m 2019	-	-	-	-
12m 2019	-	-	-	-
3m 2020	-	-	-	-
6m 2020	-	-	-	-
9m 2020	-	-	-	-
12m 2020	0.79	-	0.70	-
3m 2021	-	-	-	-
6m 2021	-	-	-	-
9m 2021	-	-	-	-
12m 2021	1.26	60.0 %	1.19	68.7 %
3m 2022	-	-	-	-
6m 2022	-	-	-	-
9m 2022	-	-	-	-
12m 2022	1.62	28.3 %	1.55	31.1 %
3m 2023	-	-	-	-
6m 2023	-	-	-	-
9m 2023	1.94	-	1.87	-
12m 2023	1.94	19.5 %	1.87	20.1 %
3m 2024	-	-	-	-
6m 2024	2.19	-	2.10	-
9m 2024	2.33	20.5 %	2.25	20.4 %

Period	Assets	Change	Net Finance Investments	Change
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	-	-	-	-
2020	0.79	-	0.70	-
2021	1.26	60.0 %	1.19	68.7 %
2022	1.62	28.3 %	1.55	31.1 %
2023	1.94	19.5 %	1.87	20.1 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	-	-	-	-
Q2 2023	-	-	-	-
Q3 2023	25.00	-	-	-
Q4 2023	25.00	-	-	35.63
Q1 2024	25.00	-	-	-
Q2 2024	25.00	8.30	8.30	39.59
Q3 2024	25.00	8.54	8.54	41.95

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	-	-	-	-
2020	25.00	0.89	0.89	14.23
2021	25.00	5.19	5.19	19.42
2022	25.00	7.71	7.71	27.14
2023	25.00	8.49	8.49	35.63

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	-	-	-
Q1 2024	-	-	-
Q2 2024	-	-	-
Q3 2024	-	-	-

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	-	-	-
2023	-	-	-

Financial Ratios

	Current
Market Cap (M)	4,175.00
Shares Outstanding ((M))	25.00
EPS ( Riyal) (TTM)	8.54
Book Value (BV) ( Riyal)	41.95
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	19.56
P/E (TTM)	19.56
Price/book	3.98
Return on Average Assets (%) (TTM)	-
Return on Average Equity (%) (TTM)	22.7

United International Holding Co. (UIHC)

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United International 9M 2024 net profit rises to SAR 158.1M; Q3 at SAR 59M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

United International Holding Co. (UIHC)

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United International 9M 2024 net profit rises to SAR 158.1M; Q3 at SAR 59M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

United International Holding Co. (UIHC)

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