SRMG posts SAR 316.7M profit in 9M 2024; Q3 at SAR 148.5M

06/11/2024 Argaam Exclusive

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Saudi Research and Media Group (SRMG) reported a net profit of SAR 316.7 million for the first nine months of 2024, down from SAR 551.5 million in the year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	2,914.15	2,516.28	(13.7 %)
Gross Income	998.81	790.11	(20.9 %)
Operating Income	624.58	370.08	(40.7 %)
Net Income	551.54	316.74	(42.6 %)
Average Shares	80.00	80.00	-
EPS (Riyals)	6.89	3.96	(42.6 %)

The profit decline was driven by a 13.65% year-on-year (YoY) decrease in revenue mainly due to a decline in income from the public relations and advertising segment, publishing, visual and digital content segment as well as printing and packaging segment. In addition, revenues from all other segments also edged lower.

Gross profit fell 20.9% YoY, in addition to the recognition of an impairment of property, equipment, and unproductive spare parts inventory related to the printing and packaging segment during the current period.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	1,054.66	850.89	(19.3 %)
Gross Income	381.65	308.78	(19.1 %)
Operating Income	266.99	163.42	(38.8 %)
Net Income	248.96	148.46	(40.4 %)
Average Shares	80.00	80.00	-
EPS (Riyals)	3.11	1.86	(40.4 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	850.53	850.89	0.0 %
Gross Income	251.44	308.78	22.8 %
Operating Income	81.67	163.42	100.1 %
Net Income	81.42	148.46	82.3 %
Average Shares	80.00	80.00	-
EPS (Riyals)	1.02	1.86	82.3 %

Q3 2024 net earnings dropped 40% to SAR 148.5 million, from SAR 248.96 million.

On a quarterly basis, net profit jumped 82.3% from SAR 81.42 million.

Total shareholders’ equity, after minority interest, stood at SAR 3.33 billion by Sept. 30, 2024, compared to SAR 3.17 billion in the prior-year period.

Retained earnings as of Sept. 30, 2024, amounted to SAR 2.8 billion.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	390.62	(5.7 %)	99.72	0.9 %	25.40	390.3 %
Q2 2015	396.17	(14.6 %)	101.86	(10.1 %)	25.23	6.7 %
Q3 2015	338.17	(22.8 %)	65.77	(29.8 %)	(5.46)	(144.7 %)
Q4 2015	360.45	(15.6 %)	76.47	(15.3 %)	(19.74)	(38.4 %)
2015	1,485.41	(14.8 %)	343.81	(12.6 %)	(102.07)	(1018.8 %)
Q1 2016	328.00	(16.0 %)	66.03	(33.8 %)	(35.61)	(240.2 %)
Q2 2016	335.24	(15.4 %)	61.76	(39.4 %)	(37.54)	(248.8 %)
Q3 2016	302.92	(10.4 %)	28.39	(56.8 %)	(70.93)	(1,198.9 %)
Q4 2016	480.31	33.3 %	205.14	168.3 %	47.76	342.0 %
2016	1,446.46	(2.6 %)	361.32	5.1 %	(96.33)	5.6 %
Q1 2017	392.70	19.7 %	112.78	70.8 %	26.39	174.1 %
Q2 2017	395.12	17.9 %	96.79	56.7 %	14.93	139.8 %
Q3 2017	400.53	32.2 %	110.94	290.8 %	32.52	145.8 %
Q4 2017	546.76	13.8 %	125.98	(38.6 %)	(17.83)	(137.3 %)
2017	1,735.12	20.0 %	446.49	23.6 %	56.02	158.2 %
Q1 2018	370.34	(5.7 %)	112.84	0.1 %	15.92	(39.7 %)
Q2 2018	514.79	30.3 %	195.32	101.8 %	86.90	481.9 %
Q3 2018	559.76	39.8 %	188.14	69.6 %	56.14	72.6 %
Q4 2018	646.01	18.2 %	140.73	11.7 %	(38.96)	(118.5 %)
2018	2,090.89	20.5 %	619.65	38.8 %	120.01	114.2 %
Q1 2019	531.63	43.6 %	188.67	67.2 %	92.62	481.8 %
Q2 2019	554.84	7.8 %	185.70	(4.9 %)	87.70	0.9 %
Q3 2019	706.93	26.3 %	201.15	6.9 %	96.86	72.5 %
Q4 2019	616.24	(4.6 %)	150.16	6.7 %	33.52	186.0 %
2019	2,409.64	15.2 %	725.69	17.1 %	310.70	158.9 %
Q1 2020	495.25	(6.8 %)	152.84	(19.0 %)	61.38	(33.7 %)
Q2 2020	556.50	0.3 %	201.87	8.7 %	106.18	21.1 %
Q3 2020	577.09	(18.4 %)	199.41	(0.9 %)	111.54	15.2 %
Q4 2020	631.26	2.4 %	193.96	29.2 %	65.70	96.0 %
2020	2,260.09	(6.2 %)	748.08	3.1 %	344.80	11.0 %
Q1 2021	596.81	20.5 %	208.41	36.4 %	115.61	88.3 %
Q2 2021	702.74	26.3 %	271.66	34.6 %	161.80	52.4 %
Q3 2021	813.93	41.0 %	350.46	75.7 %	222.91	99.9 %
Q4 2021	932.49	47.7 %	251.62	29.7 %	120.51	83.4 %
2021	3,045.97	34.8 %	1,082.14	44.7 %	620.81	80.0 %
Q1 2022	786.34	31.8 %	261.63	25.5 %	131.15	13.4 %
Q2 2022	907.25	29.1 %	328.82	21.0 %	187.68	16.0 %
Q3 2022	1,002.72	23.2 %	397.07	13.3 %	269.79	21.0 %
Q4 2022	1,013.53	8.7 %	265.26	5.4 %	140.32	16.4 %
2022	3,709.84	21.8 %	1,252.77	15.8 %	728.94	17.4 %
Q1 2023	884.64	12.5 %	279.18	6.7 %	143.33	9.3 %
Q2 2023	974.85	7.5 %	337.98	2.8 %	215.28	14.7 %
Q3 2023	1,054.66	5.2 %	381.65	(3.9 %)	266.99	(1.0 %)
Q4 2023	832.08	(17.9 %)	163.79	(38.3 %)	(7.19)	(105.1 %)
2023	3,746.23	1.0 %	1,162.61	(7.2 %)	605.70	(16.9 %)
Q1 2024	814.86	(7.9 %)	229.89	(17.7 %)	123.39	(13.9 %)
Q2 2024	850.53	(12.8 %)	251.44	(25.6 %)	81.67	(62.1 %)
Q3 2024	850.89	(19.3 %)	308.78	(19.1 %)	163.42	(38.8 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	1,743.27	1.0 %	393.44	(6.4 %)	11.11	(82.4 %)
2015	1,485.41	(14.8 %)	343.81	(12.6 %)	(102.07)	(1018.8 %)
2016	1,446.46	(2.6 %)	361.32	5.1 %	(96.33)	5.6 %
2017	1,735.12	20.0 %	446.49	23.6 %	56.02	158.2 %
2018	2,090.89	20.5 %	619.65	38.8 %	120.01	114.2 %
2019	2,409.64	15.2 %	725.69	17.1 %	310.70	158.9 %
2020	2,260.09	(6.2 %)	748.08	3.1 %	344.80	11.0 %
2021	3,045.97	34.8 %	1,082.14	44.7 %	620.81	80.0 %
2022	3,709.84	21.8 %	1,252.77	15.8 %	728.94	17.4 %
2023	3,746.23	1.0 %	1,162.61	(7.2 %)	605.70	(16.9 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	19.72	171.5 %	0.25	9.40	10.32	0.13
Q2 2015	17.67	184.2 %	0.22	13.82	3.85	0.05
Q3 2015	(6.74)	(383.5 %)	(0.08)	17.37	(24.11)	(0.30)
Q4 2015	(186.49)	(816.7 %)	(2.33)	(79.84)	(106.65)	(1.33)
2015	(155.85)	(296.5 %)	(1.95)	(38.28)	(117.57)	(1.47)
Q1 2016	21.72	10.2 %	0.27	78.63	(56.91)	(0.71)
Q2 2016	(51.64)	(392.3 %)	(0.65)	(1.32)	(50.33)	(0.63)
Q3 2016	(80.60)	(1,095.6 %)	(1.01)	-	(80.60)	(1.01)
Q4 2016	53.28	128.6 %	0.67	-	53.28	0.67
2016	(57.24)	63.3 %	(0.72)	77.32	(134.56)	(1.68)
Q1 2017	18.04	(16.9 %)	0.23	-	18.04	0.23
Q2 2017	6.73	113.0 %	0.08	-	6.73	0.08
Q3 2017	25.52	131.7 %	0.32	-	25.52	0.32
Q4 2017	(3.95)	(107.4 %)	(0.05)	-	(3.95)	(0.05)
2017	46.34	180.9 %	0.58	-	46.34	0.58
Q1 2018	11.74	(34.9 %)	0.15	-	11.74	0.15
Q2 2018	85.52	1170.1 %	1.07	-	85.52	1.07
Q3 2018	37.41	46.6 %	0.47	-	37.41	0.47
Q4 2018	(50.06)	(1,166.1 %)	(0.63)	-	(50.06)	(0.63)
2018	84.61	82.6 %	1.06	-	84.61	1.06
Q1 2019	79.88	580.3 %	1.00	-	79.88	1.00
Q2 2019	85.62	0.1 %	1.07	-	85.62	1.07
Q3 2019	69.54	85.9 %	0.87	-	69.54	0.87
Q4 2019	11.07	122.1 %	0.14	7.42	3.65	0.05
2019	246.12	190.9 %	3.08	7.42	238.70	2.98
Q1 2020	64.73	(19.0 %)	0.81	-	64.73	0.81
Q2 2020	75.25	(12.1 %)	0.94	-	75.25	0.94
Q3 2020	76.48	10.0 %	0.96	-	76.48	0.96
Q4 2020	29.20	163.7 %	0.36	-	29.20	0.36
2020	245.65	(0.2 %)	3.07	-	245.65	3.07
Q1 2021	91.53	41.4 %	1.14	-	91.53	1.14
Q2 2021	134.55	78.8 %	1.68	-	134.55	1.68
Q3 2021	204.88	167.9 %	2.56	-	204.88	2.56
Q4 2021	106.06	263.3 %	1.33	-	106.06	1.33
2021	537.02	118.6 %	6.71	-	537.02	6.71
Q1 2022	112.51	22.9 %	1.41	-	112.51	1.41
Q2 2022	168.72	25.4 %	2.11	-	168.72	2.11
Q3 2022	246.53	20.3 %	3.08	-	246.53	3.08
Q4 2022	121.03	14.1 %	1.51	-	121.03	1.51
2022	648.79	20.8 %	8.11	-	648.79	8.11
Q1 2023	120.97	7.5 %	1.51	-	120.97	1.51
Q2 2023	181.61	7.6 %	2.27	-	181.61	2.27
Q3 2023	248.96	1.0 %	3.11	-	248.96	3.11
Q4 2023	8.08	(93.3 %)	0.10	(12.91)	20.99	0.26
2023	559.62	(13.7 %)	7.00	(12.91)	572.53	7.16
Q1 2024	86.87	(28.2 %)	1.09	-	86.87	1.09
Q2 2024	81.42	(55.2 %)	1.02	(30.46)	111.88	1.40
Q3 2024	148.46	(40.4 %)	1.86	-	148.46	1.86

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	(39.31)	(30.1 %)	(0.49)	34.74	(74.06)	(0.93)
2015	(155.85)	(296.5 %)	(1.95)	(38.28)	(117.57)	(1.47)
2016	(57.24)	63.3 %	(0.72)	77.32	(134.56)	(1.68)
2017	46.34	180.9 %	0.58	-	46.34	0.58
2018	84.61	82.6 %	1.06	-	84.61	1.06
2019	246.12	190.9 %	3.08	7.42	238.70	2.98
2020	245.65	(0.2 %)	3.07	-	245.65	3.07
2021	537.02	118.6 %	6.71	-	537.02	6.71
2022	648.79	20.8 %	8.11	-	648.79	8.11
2023	559.62	(13.7 %)	7.00	(12.91)	572.53	7.16

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	23.09 %	8.13 %	(2.10 %)
Q2 2015	23.34 %	8.59 %	(2.33 %)
Q3 2015	23.04 %	7.76 %	(3.60 %)
Q4 2015	23.15 %	7.66 %	(7.85 %)
2015	23.15 %	(0.93 %)	(7.91 %)
Q1 2016	21.80 %	3.70 %	(12.92 %)
Q2 2016	19.83 %	(0.86 %)	(17.48 %)
Q3 2016	17.54 %	(5.84 %)	(22.20 %)
Q4 2016	24.98 %	(0.59 %)	(9.30 %)
2016	24.98 %	(0.59 %)	(9.30 %)
Q1 2017	27.00 %	3.53 %	(3.94 %)
Q2 2017	28.20 %	6.75 %	(0.16 %)
Q3 2017	31.50 %	12.62 %	6.21 %
Q4 2017	25.73 %	8.81 %	2.67 %
2017	25.73 %	8.81 %	2.67 %
Q1 2018	26.07 %	8.69 %	2.34 %
Q2 2018	29.75 %	12.50 %	6.48 %
Q3 2018	31.24 %	13.12 %	6.56 %
Q4 2018	30.47 %	12.76 %	4.05 %
2018	29.64 %	12.76 %	4.05 %
Q1 2019	31.65 %	15.63 %	6.78 %
Q2 2019	30.68 %	15.64 %	6.67 %
Q3 2019	29.36 %	16.64 %	7.58 %
Q4 2019	30.12 %	19.49 %	9.91 %
2019	30.12 %	19.49 %	9.91 %
Q1 2020	29.07 %	18.99 %	9.42 %
Q2 2020	29.73 %	20.27 %	8.98 %
Q3 2020	31.37 %	22.65 %	9.80 %
Q4 2020	33.10 %	24.46 %	10.87 %
2020	33.10 %	24.46 %	10.87 %
Q1 2021	34.03 %	25.82 %	11.54 %
Q2 2021	34.83 %	26.62 %	13.23 %
Q3 2021	37.33 %	28.60 %	16.77 %
Q4 2021	35.53 %	27.53 %	17.63 %
2021	35.53 %	27.53 %	17.63 %
Q1 2022	35.09 %	26.52 %	17.25 %
Q2 2022	34.67 %	25.97 %	17.21 %
Q3 2022	34.15 %	26.18 %	17.47 %
Q4 2022	33.77 %	26.41 %	17.49 %
2022	33.77 %	26.41 %	17.49 %
Q1 2023	33.36 %	26.31 %	17.26 %
Q2 2023	33.01 %	26.82 %	17.29 %
Q3 2023	32.18 %	26.54 %	17.12 %
Q4 2023	31.03 %	23.84 %	15.28 %
2023	31.03 %	23.50 %	15.28 %
Q1 2024	30.28 %	24.20 %	14.65 %
Q2 2024	28.91 %	21.39 %	13.19 %
Q3 2024	28.49 %	-	11.00 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	22.57 %	5.99 %	(4.25 %)
2015	23.15 %	(0.93 %)	(7.91 %)
2016	24.98 %	(0.59 %)	(9.30 %)
2017	25.73 %	8.81 %	2.67 %
2018	29.64 %	12.76 %	4.05 %
2019	30.12 %	19.49 %	9.91 %
2020	33.10 %	24.46 %	10.87 %
2021	35.53 %	27.53 %	17.63 %
2022	33.77 %	26.41 %	17.49 %
2023	31.03 %	23.50 %	15.28 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	25.53 %	12.21 %	2.64 %
Q2 2015	25.71 %	12.34 %	0.97 %
Q3 2015	19.45 %	4.27 %	(7.13 %)
Q4 2015	21.21 %	0.75 %	(29.59 %)
Q1 2016	20.13 %	(4.08 %)	(17.35 %)
Q2 2016	18.42 %	(4.60 %)	(15.01 %)
Q3 2016	9.37 %	(16.96 %)	(26.61 %)
Q4 2016	42.71 %	14.91 %	11.09 %
Q1 2017	28.72 %	12.37 %	4.59 %
Q2 2017	24.50 %	9.43 %	1.70 %
Q3 2017	27.70 %	13.27 %	6.37 %
Q4 2017	23.04 %	2.54 %	(0.72 %)
Q1 2018	30.47 %	12.04 %	3.17 %
Q2 2018	37.94 %	22.81 %	16.61 %
Q3 2018	33.61 %	15.25 %	6.68 %
Q4 2018	21.78 %	3.01 %	(7.75 %)
Q1 2019	35.49 %	24.40 %	15.03 %
Q2 2019	33.47 %	22.32 %	15.43 %
Q3 2019	28.45 %	18.81 %	9.84 %
Q4 2019	24.37 %	13.47 %	0.59 %
Q1 2020	30.86 %	22.36 %	13.07 %
Q2 2020	36.27 %	27.81 %	13.52 %
Q3 2020	34.55 %	27.71 %	13.25 %
Q4 2020	30.73 %	20.19 %	4.62 %
Q1 2021	34.92 %	28.10 %	15.34 %
Q2 2021	38.66 %	30.24 %	19.15 %
Q3 2021	43.06 %	34.06 %	25.17 %
Q4 2021	26.98 %	19.41 %	11.37 %
Q1 2022	33.27 %	23.81 %	14.31 %
Q2 2022	36.24 %	27.33 %	18.60 %
Q3 2022	39.60 %	33.30 %	24.59 %
Q4 2022	26.17 %	20.78 %	11.94 %
Q1 2023	31.56 %	23.67 %	13.67 %
Q2 2023	34.67 %	29.28 %	18.63 %
Q3 2023	36.19 %	31.94 %	23.61 %
Q4 2023	19.68 %	7.39 %	2.52 %
Q1 2024	28.21 %	25.26 %	10.66 %
Q2 2024	29.56 %	18.27 %	13.15 %
Q3 2024	36.29 %	-	17.45 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	80.00	0.10	(0.45)	14.21
Q2 2015	80.00	0.24	(0.48)	14.51
Q3 2015	80.00	0.13	(0.70)	14.37
Q4 2015	80.00	(1.95)	(1.46)	12.08
Q1 2016	80.00	(1.92)	(2.30)	12.42
Q2 2016	80.00	(2.79)	(2.98)	11.71
Q3 2016	80.00	(3.71)	(3.68)	10.67
Q4 2016	80.00	(0.72)	(1.68)	11.13
Q1 2017	80.00	(0.76)	(0.75)	11.34
Q2 2017	80.00	(0.03)	(0.03)	11.50
Q3 2017	80.00	1.29	1.29	11.72
Q4 2017	80.00	0.58	0.58	11.74
Q1 2018	80.00	0.50	0.50	11.90
Q2 2018	80.00	1.49	1.49	12.91
Q3 2018	80.00	1.63	1.63	13.16
Q4 2018	80.00	1.06	1.06	12.68
Q1 2019	80.00	1.91	1.91	13.61
Q2 2019	80.00	1.91	1.91	14.58
Q3 2019	80.00	2.31	2.31	15.33
Q4 2019	80.00	3.08	2.98	15.47
Q1 2020	80.00	2.89	2.79	16.42
Q2 2020	80.00	2.76	2.66	16.45
Q3 2020	80.00	2.84	2.75	18.54
Q4 2020	80.00	3.07	3.07	19.09
Q1 2021	80.00	3.41	3.41	20.59
Q2 2021	80.00	4.15	4.15	22.00
Q3 2021	80.00	5.75	5.75	24.48
Q4 2021	80.00	6.71	6.71	25.83
Q1 2022	80.00	6.98	6.98	27.18
Q2 2022	80.00	7.40	7.40	28.93
Q3 2022	80.00	7.92	7.92	31.47
Q4 2022	80.00	8.11	8.11	33.15
Q1 2023	80.00	8.22	8.22	35.39
Q2 2023	80.00	8.38	8.38	36.60
Q3 2023	80.00	8.41	8.41	39.70
Q4 2023	80.00	7.00	7.16	38.54
Q1 2024	80.00	6.57	6.73	38.87
Q2 2024	80.00	5.32	5.86	39.58
Q3 2024	80.00	4.06	4.60	41.73

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	80.00	(0.49)	(0.93)	14.04
2015	80.00	(1.95)	(1.47)	12.08
2016	80.00	(0.72)	(1.68)	11.13
2017	80.00	0.58	0.58	11.74
2018	80.00	1.06	1.06	12.68
2019	80.00	3.08	2.98	15.47
2020	80.00	3.07	3.07	19.09
2021	80.00	6.71	6.71	25.83
2022	80.00	8.11	8.11	33.15
2023	80.00	7.00	7.16	38.54

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	More than 100	NEG	1.17
Q2 2015	70.62	NEG	1.18
Q3 2015	99.84	NEG	0.89
Q4 2015	NEG	NEG	4.78
Q1 2016	NEG	NEG	3.27
Q2 2016	NEG	NEG	3.51
Q3 2016	NEG	NEG	1.99
Q4 2016	NEG	NEG	3.04
Q1 2017	NEG	NEG	2.50
Q2 2017	NEG	NEG	2.58
Q3 2017	55.19	55.19	6.10
Q4 2017	More than 100	More than 100	5.04
Q1 2018	More than 100	More than 100	6.60
Q2 2018	66.05	66.05	7.60
Q3 2018	62.43	62.43	7.75
Q4 2018	78.29	78.29	6.53
Q1 2019	41.38	41.38	5.80
Q2 2019	49.46	49.46	6.48
Q3 2019	34.51	34.51	5.21
Q4 2019	25.26	26.04	5.02
Q1 2020	20.92	21.62	3.68
Q2 2020	22.81	23.61	3.82
Q3 2020	27.60	28.53	4.23
Q4 2020	25.57	25.57	4.11
Q1 2021	22.87	22.87	3.78
Q2 2021	42.68	42.68	8.05
Q3 2021	28.16	28.16	6.62
Q4 2021	29.23	29.23	7.60
Q1 2022	36.10	36.10	9.26
Q2 2022	25.40	25.40	6.50
Q3 2022	24.01	24.01	6.04
Q4 2022	22.44	22.44	5.49
Q1 2023	24.00	24.00	5.57
Q2 2023	22.54	22.54	5.16
Q3 2023	19.55	19.55	4.14
Q4 2023	24.50	23.95	4.45
Q1 2024	39.46	38.51	6.67
Q2 2024	39.50	35.84	5.31
Q3 2024	70.78	62.45	6.89

Period	P/E	Adjusted P/E	Price/book
2014	NEG	NEG	1.18
2015	NEG	NEG	4.78
2016	NEG	NEG	3.04
2017	More than 100	More than 100	5.04
2018	78.29	78.29	6.53
2019	25.26	26.04	5.02
2020	25.57	25.57	4.11
2021	29.23	29.23	7.60
2022	22.44	22.44	5.49
2023	24.50	23.95	4.45

Business Segments (Million)

Compared With The

Period	Publishing and visual and digital content	Public relations and advertising sector	Printing & packaging sector	Others	Disposals
Q1 2015	154.01	26.20	282.77	11.57	(83.93)
Q2 2015	143.32	26.39	291.81	11.89	(77.24)
Q3 2015	107.86	20.90	257.88	10.09	(58.56)
Q4 2015	114.63	249.70	275.30	10.35	(289.52)
Q1 2016	102.03	63.69	254.40	10.82	(102.94)
Q2 2016	100.36	63.45	259.38	11.21	(99.16)
Q3 2016	68.20	40.77	251.33	8.55	(65.93)
Q4 2016	248.27	232.05	240.28	6.22	(246.52)
Q1 2017	145.14	145.77	242.31	5.99	(146.50)
Q2 2017	124.76	136.15	253.08	4.43	(123.31)
Q3 2017	92.03	141.64	251.48	4.42	(89.05)
Q4 2017	183.72	167.52	244.81	35.08	(84.37)
Q1 2018	133.55	165.89	202.57	9.88	(141.55)
Q2 2018	152.40	203.27	256.11	3.90	(100.89)
Q3 2018	131.23	271.10	276.34	6.09	(125.00)
Q4 2018	272.02	263.44	283.47	16.44	(189.36)
Q1 2019	201.53	231.41	202.04	10.96	(114.31)
Q2 2019	302.32	235.12	237.62	2.69	(222.90)
Q3 2019	265.34	357.03	252.51	5.33	(173.28)
Q4 2019	289.34	87.85	232.17	35.82	(28.95)
Q1 2020	115.25	283.08	194.27	13.24	(110.59)
Q2 2020	256.30	197.69	199.63	15.43	(112.54)
Q3 2020	181.03	291.73	204.45	14.07	(114.19)
Q4 2020	514.49	448.14	169.34	6.75	(507.46)
Q1 2021	311.36	199.98	173.44	16.52	(104.48)
Q2 2021	315.75	288.60	194.21	11.60	(107.43)
Q3 2021	312.17	403.11	203.61	8.02	(112.97)
Q4 2021	517.61	479.71	212.38	17.77	(294.98)
Q1 2022	398.22	240.46	236.42	12.20	(100.95)
Q2 2022	491.59	239.76	270.24	9.11	(103.45)
Q3 2022	439.61	358.08	261.14	45.64	(101.75)
Q4 2022	607.63	420.25	232.29	41.46	(288.10)
Q1 2023	499.37	241.24	210.93	34.57	(101.47)
Q2 2023	580.26	270.72	191.89	33.02	(101.04)
Q3 2023	559.76	331.50	204.26	58.92	(99.79)
Q4 2023	696.93	350.63	172.08	61.18	(448.73)
Q1 2024	490.44	201.41	186.90	32.90	(96.80)
Q2 2024	518.94	221.20	174.45	33.43	(97.49)
Q3 2024	511.14	222.32	180.34	30.43	(93.33)

Period	Publishing and visual and digital content	Public relations and advertising sector	Printing & packaging sector	Others	Disposals
2014	591.94	369.37	1,232.33	118.79	(569.15)
2015	519.82	323.19	1,107.76	43.89	(509.25)
2016	518.86	399.97	1,005.39	36.80	(514.56)
2017	545.65	591.09	991.68	49.92	(443.22)
2018	689.20	903.69	1,018.49	36.31	(556.80)
2019	1,058.53	911.41	924.34	54.80	(539.44)
2020	1,067.06	1,220.63	767.69	49.49	(844.78)
2021	1,456.90	1,371.39	783.64	53.91	(619.86)
2022	1,937.05	1,258.55	1,000.09	108.41	(594.26)
2023	2,336.32	1,194.09	779.16	187.70	(751.03)

Financial Ratios

	Current
Market Cap (M Riyal)	22,672.00
Enterprise Value (EV) (M)	22,832.40
Shares Outstanding ((M))	80.00
EPS ( Riyal) (TTM)	4.06
Book Value (BV) ( Riyal)	41.73
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	6.79
Return on Average Assets (%) (TTM)	5.5
Return on Average Equity (%) (TTM)	10.0

Saudi Research and Media Group (SRMG)

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SRMG posts SAR 316.7M profit in 9M 2024; Q3 at SAR 148.5M

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Financials (M)

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Profit Performance (Million)

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Per Share Data (Riyal)

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SRMG posts SAR 316.7M profit in 9M 2024; Q3 at SAR 148.5M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

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Business Segments (Million)