Tharwah profit rises marginally to SAR 4.8M in H1 2024

Tharwah profit rises marginally to SAR 4.8M in H1 2024

29/09/2024 Argaam Exclusive

View other reports

Altharwah Albashariyyah Co. (Tharwah) reported a net profit of SAR 4.81 million for the six-month period ended June 30, 2024, compared to SAR 4.79 million in the year-earlier period.

 



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 30.97 35.91 15.9 %
Gross Income 13.66 14.49 6.1 %
Operating Income 4.99 5.27 5.6 %
Net Income 4.79 4.81 0.4 %
Average Shares 1.06 4.00 -
EPS (Riyals) 4.53 1.20 (73.5 %)

The company reported revenue growth of 15.9% year-on-year (YoY) to SAR 35.9 million during the first six months of 2024, primarily driven by increased company activities and higher sales volume.

 

Meanwhile, direct costs associated with some of the company's projects increased during this period.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 30.97 35.91 15.9 %
Gross Income 13.66 14.49 6.1 %
Operating Income 4.99 5.27 5.6 %
Net Income 4.79 4.81 0.4 %
Average Shares 1.06 4.00 -
EPS (Riyals) 4.53 1.20 (73.5 %)

The company’s H1 2024 net profit jumped 59.1% YoY from SAR 11.75 million in H2 2023.

 

Total shareholders’ equity, no minority interest, reached SAR 36.70 million by June 30, 2024, compared to SAR 15.23 million in the prior-year period.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 15.82 - 7.61 - 4.22 -
H2 2022 24.15 - 12.62 - 5.95 -
H1 2023 30.97 95.8 % 13.66 79.6 % 4.99 18.2 %
H2 2023 48.42 100.5 % 18.30 45.1 % 12.07 102.9 %
H1 2024 35.91 15.9 % 14.49 6.1 % 5.27 5.6 %


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 - - - - - -
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 4.08 - 3.85 - 4.08 3.85
H2 2022 5.75 - 5.43 - 5.75 5.43
H1 2023 4.79 17.5 % 4.53 - 4.79 4.53
H2 2023 11.75 104.3 % 2.94 - 11.75 2.94
H1 2024 4.81 0.4 % 1.20 - 4.81 1.20

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 50.58 % 25.78 % 24.59 %
H1 2023 47.67 % 20.54 % 19.12 %
H2 2023 40.26 % 21.88 % 20.83 %
H1 2024 38.89 % 21.48 % 19.63 %


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 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 1.06 - - 6.58
H2 2022 1.06 9.29 9.29 9.87
H1 2023 1.06 9.96 9.96 14.40
H2 2023 4.00 4.13 4.13 7.97
H1 2024 4.00 4.14 4.14 9.18

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 - - -

Business Segments (Million)

Compared With The
Period Academy segment Consultating segment
Q2 2023 21.31 9.67
Q4 2023 30.59 17.83
Q2 2024 19.68 16.22


Financial Ratios
Current
Market Cap (M Riyal) 244.23
Enterprise Value (EV) (M) 230.99
Shares Outstanding ((M)) 4.71
Book Value (BV) ( Riyal) 7.97
Par Value ( Riyal) 5.00
Adjusted P/E (Last12) 14.77
Price/book 7.66
more

Share Price

Altharwah Albashariyyah Co.
51.90
(0.10) (0.19 %)

Altharwah Albashariyyah Co. (THARWAH)

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.