solutions Q1 2022 profit rises 38% to SAR 283 mln

solutions Q1 2022 profit rises 38% to SAR 283 mln

19/04/2022 Argaam Exclusive

View other reports

Arabian Internet and Communication Services Co. (solutions) posted a net profit after Zakat and tax of SAR 283 million for Q1 2022, a rise of 38% compared with SAR 205 million a year earlier.

 

The profit growth was mainly due to the increase in gross profit by SAR 104 million as a result of the rise in total revenue by SAR 552 million, which was offset by higher cost of revenue



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 1,866.79 2,242.90 20.1 %
Gross Income 389.38 493.53 26.7 %
Operating Income 224.29 312.95 39.5 %
Net Income 205.20 282.91 37.9 %
Average Shares 120.00 120.00 -
EPS (Riyals) 1.71 2.36 37.9 %

On a sequential basis, Q1 2022 net profit more than doubled from SAR 114 million.

 

Total shareholders’ equity, excluding minority interest, reached SAR 2.535 billion at the end of the period, compared with SAR 1.808 billion a year earlier.

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
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 1,518.85 - 279.97 - 146.14 -
Q2 2020 1,680.17 - 396.23 - 274.63 -
Q3 2020 1,942.35 - 434.16 - 254.35 -
Q4 2020 1,750.05 - 311.61 - 81.90 -
Q1 2021 1,866.79 22.9 % 389.38 39.1 % 224.29 53.5 %
Q2 2021 1,937.20 15.3 % 432.10 9.1 % 270.60 (1.5 %)
Q3 2021 1,951.46 0.5 % 462.77 6.6 % 276.44 8.7 %
Q4 2021 1,452.88 (17.0 %) 423.73 36.0 % 127.78 56.0 %
Q1 2022 2,242.90 20.1 % 493.53 26.7 % 312.95 39.5 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
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 133.78 - 1.11 - 133.78 1.11
Q2 2020 254.35 - 2.12 - 254.35 2.12
Q3 2020 240.11 - 2.00 - 240.11 2.00
Q4 2020 73.56 - 0.61 - 73.56 0.61
Q1 2021 205.20 53.4 % 1.71 - 205.20 1.71
Q2 2021 256.12 0.7 % 2.13 - 256.12 2.13
Q3 2021 257.17 7.1 % 2.14 - 257.17 2.14
Q4 2021 114.43 55.6 % 0.95 - 114.43 0.95
Q1 2022 282.91 37.9 % 2.36 - 282.91 2.36

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
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 20.63 % 11.86 % 10.18 %
Q1 2021 21.15 % 12.81 % 10.68 %
Q2 2021 20.91 % 12.90 % 10.34 %
Q3 2021 21.26 % 13.82 % 10.55 %
Q4 2021 23.69 % 15.37 % 11.55 %
Q1 2022 23.89 % 16.08 % 12.01 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
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 120.00 - - -
Q2 2020 120.00 - - -
Q3 2020 120.00 - - -
Q4 2020 120.00 5.85 5.85 16.03
Q1 2021 120.00 6.44 6.44 15.07
Q2 2021 120.00 6.46 6.46 17.21
Q3 2021 120.00 6.60 6.60 17.84
Q4 2021 120.00 6.94 6.94 18.92
Q1 2022 120.00 7.59 7.59 21.12

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
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 29.73 29.73 11.00
Q4 2021 26.84 26.84 9.95
Q1 2022 27.80 27.80 9.99

Business Segments (Million)

Compared With The
Period Core ICT Services IT Managed and Operational Services Digital Services
Q1 2020 851.92 347.70 319.23
Q2 2020 925.56 406.53 348.08
Q3 2020 1,007.75 449.88 484.72
Q4 2020 958.35 425.91 365.79
Q1 2021 1,008.89 466.80 391.10
Q2 2021 1,019.85 481.38 435.97
Q3 2021 1,076.17 494.45 380.84
Q4 2021 565.33 509.16 378.39
Q1 2022 1,324.08 529.20 389.63

Analysts Estimates (Million)

Item Q1 2022 (e) Q1 2022 (a) Change‬
Average 253.00 282.91 11.82 %

Estimates vs Actual (Million)

Item Q1 2022 (e) Q1 2022 (a) Change
Al Rajhi Capital 288.00 282.91 (1.8) %
SNB Capital 218.00 282.91 29.8 %


Financial Ratios
Current
Market Cap (M Riyal) 32,136.00
Enterprise Value (EV) (M) 30,121.25
Shares Outstanding ((M)) 120.00
EPS ( Riyal) (TTM) 11.93
Book Value (BV) ( Riyal) 30.69
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.52
P/E (TTM) 22.45
Price/book 8.73
Return on Average Assets (%) (TTM) 13.1
Return on Average Equity (%) (TTM) 41.7
more

Share Price

Arabian Internet and Communications Services Co.
267.80
(2.20) (0.81 %)

Arabian Internet and Communications Services Co. (SOLUTIONS)

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.