Quara Finance net profit dips 10% to SAR 25.3M in H1 2024

21/10/2024 Argaam Exclusive

View other reports

Quara Finance Co. posted a 10% decline in H1 2024 net earnings to SAR 25.3 million, from SAR 27.9 million in the year-earlier period.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Net income from finance commissions	93.07	94.67	1.7 %
Net Income	27.90	25.25	(9.5 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.93	0.84	(9.5 %)

The first-half net profit was hurt by an increase in impairment and write-off charges. On the other hand, revenue saw growth, primarily due to better financing portfolio returns.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2023	H1 2024	Change‬
Net income from finance commissions	93.07	94.67	1.7 %
Net Income	27.90	25.25	(9.5 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.93	0.84	(9.5 %)

Item	H2 2023	H1 2024	Change‬
Net income from finance commissions	85.64	94.67	10.6 %
Net Income	25.89	25.25	(2.5 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.86	0.84	(2.5 %)

View More Financial Results

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	2.37	-	0.24	-	2.37	0.24
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	3.18	34.2 %	0.21	-	3.18	0.21
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	(1.81)	(156.8 %)	(0.12)	-	(1.81)	(0.12)
H1 2019	(0.64)	-	(0.04)	-	(0.64)	(0.04)
H2 2019	5.38	-	0.36	-	5.38	0.36
2019	4.74	362.4 %	0.32	-	4.74	0.32
H1 2020	(27.75)	(4,241.1 %)	(1.85)	-	(27.75)	(1.85)
H2 2020	(23.62)	(538.8 %)	(0.79)	-	(23.62)	(0.79)
2020	(51.36)	(1183.1 %)	(1.71)	-	(51.36)	(1.71)
H1 2021	1.24	104.5 %	0.04	-	1.24	0.04
H2 2021	30.55	229.4 %	1.02	-	30.55	1.02
2021	31.80	161.9 %	1.06	-	31.80	1.06
H1 2022	25.26	1935.4 %	0.84	-	25.26	0.84
H2 2022	25.58	(16.3 %)	0.85	-	25.58	0.85
2022	50.84	59.9 %	1.69	-	50.84	1.69
H1 2023	27.90	10.4 %	0.93	-	27.90	0.93
H2 2023	25.89	1.2 %	0.86	-	25.89	0.86
2023	53.79	5.8 %	1.79	-	53.79	1.79
H1 2024	25.25	(9.5 %)	0.84	-	25.25	0.84

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	2.37	-	0.24	-	2.37	0.24
2017	3.18	34.2 %	0.21	-	3.18	0.21
2018	(1.81)	(156.8 %)	(0.12)	-	(1.81)	(0.12)
2019	4.74	362.4 %	0.32	-	4.74	0.32
2020	(51.36)	(1183.1 %)	(1.71)	-	(51.36)	(1.71)
2021	31.80	161.9 %	1.06	-	31.80	1.06
2022	50.84	59.9 %	1.69	-	50.84	1.69
2023	53.79	5.8 %	1.79	-	53.79	1.79

Financial results (Million)

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change
H1 2015	-	-	-	-
H2 2015	-	-	-	-
2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
2016	11.51	-	11.51	-
H1 2017	-	-	-	-
H2 2017	-	-	-	-
2017	30.09	161.4 %	25.62	122.6 %
H1 2018	-	-	-	-
H2 2018	-	-	-	-
2018	31.91	6.1 %	23.90	(6.7 %)
H1 2019	23.42	-	13.55	-
H2 2019	28.89	-	19.17	-
2019	52.31	63.9 %	32.72	36.9 %
H1 2020	24.40	4.2 %	7.08	(47.7 %)
H2 2020	23.32	(19.3 %)	13.97	(27.1 %)
2020	47.72	(8.8 %)	21.06	(35.6 %)
H1 2021	80.46	229.7 %	69.55	882.0 %
H2 2021	86.59	271.4 %	78.51	461.8 %
2021	167.05	250.1 %	148.06	603.1 %
H1 2022	84.41	4.9 %	79.33	14.1 %
H2 2022	86.14	(0.5 %)	76.79	(2.2 %)
2022	170.55	2.1 %	156.12	5.4 %
H1 2023	98.05	16.2 %	93.07	17.3 %
H2 2023	89.56	4.0 %	85.64	11.5 %
2023	187.61	10.0 %	178.71	14.5 %
H1 2024	100.52	2.5 %	94.67	1.7 %

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change
2014	-	-	-	-
2015	-	-	-	-
2016	11.51	-	11.51	-
2017	30.09	161.4 %	25.62	122.6 %
2018	31.91	6.1 %	23.90	(6.7 %)
2019	52.31	63.9 %	32.72	36.9 %
2020	47.72	(8.8 %)	21.06	(35.6 %)
2021	167.05	250.1 %	148.06	603.1 %
2022	170.55	2.1 %	156.12	5.4 %
2023	187.61	10.0 %	178.71	14.5 %

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
H1 2015	-	-	-
H2 2015	-	-	-
2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
2016	-	-	20.58 %
H1 2017	-	-	-
H2 2017	-	-	-
2017	1.86 %	2.66 %	10.57 %
H1 2018	-	-	-
H2 2018	-	-	-
2018	(0.61 %)	(1.26 %)	(5.66 %)
H1 2019	-	-	-
H2 2019	-	-	9.07 %
2019	1.25 %	3.29 %	9.07 %
H1 2020	-	(17.20 %)	(41.97 %)
H2 2020	(7.18 %)	(26.22 %)	(107.64 %)
2020	(7.18 %)	(26.22 %)	(107.64 %)
H1 2021	(2.64 %)	(12.25 %)	(21.56 %)
H2 2021	2.99 %	11.93 %	19.03 %
2021	2.99 %	11.93 %	19.03 %
H1 2022	5.23 %	20.34 %	32.64 %
H2 2022	5.00 %	16.23 %	29.81 %
2022	5.00 %	16.23 %	29.81 %
H1 2023	5.63 %	15.99 %	29.03 %
H2 2023	6.35 %	14.71 %	28.67 %
2023	6.35 %	14.71 %	28.67 %
H1 2024	6.14 %	12.66 %	26.90 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2014	-	-	-
2015	-	-	-
2016	-	-	20.58 %
2017	1.86 %	2.66 %	10.57 %
2018	(0.61 %)	(1.26 %)	(5.66 %)
2019	1.25 %	3.29 %	9.07 %
2020	(7.18 %)	(26.22 %)	(107.64 %)
2021	2.99 %	11.93 %	19.03 %
2022	5.00 %	16.23 %	29.81 %
2023	6.35 %	14.71 %	28.67 %

Balance Sheet (B)

Period	Assets	Change	Net Finance Investments	Change
Q2 2015	-	-	-	-
Q4 2015	-	-	-	-
Q2 2016	-	-	-	-
Q4 2016	-	-	-	-
Q2 2017	-	-	-	-
Q4 2017	-	-	-	-
Q2 2018	-	-	-	-
Q4 2018	-	-	-	-
Q2 2019	-	-	-	-
Q4 2019	0.40	-	0.34	-
Q2 2020	0.57	-	0.38	-
Q4 2020	1.03	155.3 %	0.88	158.8 %
Q2 2021	1.12	95.3 %	1.05	179.4 %
Q4 2021	1.10	7.3 %	0.87	(0.8 %)
Q2 2022	1.01	(9.9 %)	0.70	(33.6 %)
Q4 2022	0.93	(15.6 %)	0.71	(18.5 %)
Q2 2023	0.89	(12.0 %)	0.73	3.7 %
Q4 2023	0.77	(17.8 %)	0.68	(4.7 %)
Q2 2024	0.78	(12.8 %)	0.62	(14.7 %)

Period	Assets	Change	Net Finance Investments	Change
6m 2015	-	-	-	-
12m 2015	-	-	-	-
6m 2016	-	-	-	-
12m 2016	0.10	-	0.09	-
6m 2017	-	-	-	-
12m 2017	0.24	129.5 %	0.19	123.4 %
6m 2018	-	-	-	-
12m 2018	0.35	48.8 %	0.26	34.2 %
6m 2019	-	-	-	-
12m 2019	0.40	13.4 %	0.34	32.5 %
6m 2020	0.57	-	0.38	-
12m 2020	1.03	155.3 %	0.88	158.8 %
6m 2021	1.12	95.3 %	1.05	179.4 %
12m 2021	1.10	7.3 %	0.87	(0.8 %)
6m 2022	1.01	(9.9 %)	0.70	(33.6 %)
12m 2022	0.93	(15.6 %)	0.71	(18.5 %)
6m 2023	0.89	(12.0 %)	0.73	3.7 %
12m 2023	0.77	(17.8 %)	0.68	(4.7 %)
6m 2024	0.78	(12.8 %)	0.62	(14.7 %)

Period	Assets	Change	Net Finance Investments	Change
2014	-	-	-	-
2015	-	-	-	-
2016	0.10	-	0.09	-
2017	0.24	129.5 %	0.19	123.4 %
2018	0.35	48.8 %	0.26	34.2 %
2019	0.40	13.4 %	0.34	32.5 %
2020	1.03	155.3 %	0.88	158.8 %
2021	1.10	7.3 %	0.87	(0.8 %)
2022	0.93	(15.6 %)	0.71	(18.5 %)
2023	0.77	(17.8 %)	0.68	(4.7 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
H1 2015	-	-	-	-
H2 2015	-	-	-	-
H1 2016	-	-	-	-
H2 2016	-	-	-	-
H1 2017	-	-	-	-
H2 2017	-	-	-	-
H1 2018	-	-	-	-
H2 2018	-	-	-	-
H1 2019	15.00	-	-	9.41
H2 2019	15.00	0.32	0.32	9.77
H1 2020	15.00	(1.49)	(1.49)	7.92
H2 2020	30.00	(1.71)	(1.71)	8.17
H1 2021	30.00	(0.75)	(0.75)	8.22
H2 2021	30.00	1.06	1.06	9.60
H1 2022	30.00	1.86	1.86	10.08
H2 2022	30.00	1.69	1.69	11.29
H1 2023	30.00	1.78	1.78	12.22
H2 2023	30.00	1.79	1.79	13.08
H1 2024	30.00	1.70	1.70	14.71

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	10.00	0.24	0.24	9.40
2017	15.00	0.21	0.21	9.64
2018	15.00	(0.12)	(0.12)	9.46
2019	15.00	0.32	0.32	9.77
2020	30.00	(1.71)	(1.71)	8.17
2021	30.00	1.06	1.06	9.60
2022	30.00	1.69	1.69	11.29
2023	30.00	1.79	1.79	13.08

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
H2 2023	-	-	-
H1 2024	9.32	9.32	1.08

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

Financial Ratios

	Current
Market Cap (M)	511.20
Shares Outstanding ((M))	30.00
Book Value (BV) ( Riyal)	13.08
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	9.50
Price/book	1.30

Quara Finance Co. (QUARA)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Quara Finance net profit dips 10% to SAR 25.3M in H1 2024

View other reports

Financials (M)

Current Half Annual Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (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

Quara Finance Co. (QUARA)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

×

Quara Finance net profit dips 10% to SAR 25.3M in H1 2024

View other reports

Financials (M)

Current Half Annual Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

Financial results (Million)

Financial results (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

Quara Finance Co. (QUARA)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}