Tihama profit rises 40% in Q2 2019

08/08/2019 Argaam Exclusive

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Share Price

Tihama Advertising and Public Relations Co.
16.54
(0.12) (0.72 %)

Tihama Advertising and Public Relations Co. (TAPRCO)

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Tihama Advertising and Public Relations Co. reported a net profit after zakat and tax of SAR 1.4 million for the three-month period ending on June 30, 2019, up 40 percent year-on-year (YoY), mainly on higher gross profit from recently launched production operations.

 

The profit rise is also attributed to lower financial charges resulting from adopting IFRS 16.

When compared to the previous quarter, the period’s net profit jumped 55.6 percent YoY, due to higher other income, gains from settling advertisement deals, and higher gross profit after starting production operations.



Current Quarter Comparison (M)

Compared With The
Item Q1 2018 Q1 2019 Change‬
Revenues 14.00 14.95 6.8 %
Gross Income 8.22 7.00 (14.7 %)
Operating Income 0.17 (4.45) (2733.7 %)
Net Income 1.00 1.18 17.7 %
Average Shares 17.01 17.01 -
EPS (Riyals) 0.06 0.07 17.7 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2010 24.73 (4.5 %) 8.71 27.9 % 6.81 110.2 % 0.40
Q2 2010 62.52 142.7 % 12.24 148.9 % 4.42 8.6 % 0.26
Q3 2010 43.57 44.3 % 11.56 50.3 % 8.36 185.5 % 0.49
Q4 2010 36.17 0.7 % 15.53 46.4 % 4.08 (58.4 %) 0.24
Q1 2011 35.79 44.8 % 6.95 (20.2 %) (2.67) (139.3 %) (0.16)
Q2 2011 47.14 (24.6 %) 16.21 32.5 % 8.46 91.2 % 0.50
Q3 2011 38.75 (11.1 %) 8.81 (23.8 %) (1.74) (120.8 %) (0.10)
Q4 2011 35.05 (3.1 %) 17.99 15.8 % 13.09 220.7 % 0.77
Q1 2012 24.37 (31.9 %) 8.19 17.8 % 1.65 161.7 % 0.10
Q2 2012 44.18 (6.3 %) 8.86 (45.3 %) 2.85 (66.3 %) 0.17
Q3 2012 35.41 (8.6 %) 5.82 (34.0 %) (2.44) (40.3 %) (0.14)
Q4 2012 33.42 (4.7 %) 4.58 (74.5 %) (1.11) (108.5 %) (0.07)
Q1 2013 20.10 (17.5 %) (3.05) (137.3 %) (13.85) (939.5 %) (0.81)
Q2 2013 38.27 (13.4 %) 0.04 (99.5 %) (11.68) (510.1 %) (0.69)
Q3 2013 32.62 (7.9 %) (1.64) (128.2 %) (15.27) (525.6 %) (0.90)
Q4 2013 21.41 (35.9 %) (3.27) (171.3 %) (11.75) (960.1 %) (0.69)
Q1 2014 12.95 (35.6 %) (3.83) (25.3 %) (14.93) (7.7 %) (0.88)
Q2 2014 40.57 6.0 % 6.51 15030.2 % (3.07) 73.8 % (0.18)
Q3 2014 26.65 (18.3 %) (4.86) (195.7 %) (24.42) (59.9 %) (1.44)
Q4 2014 24.16 12.8 % 10.81 430.9 % 1.27 110.8 % 0.07
Q1 2015 14.28 10.2 % (5.55) (45.0 %) (11.45) 23.3 % (0.67)
Q2 2015 26.04 (35.8 %) (4.73) (172.7 %) (29.29) (855.6 %) (1.72)
Q3 2015 38.78 45.5 % 2.29 147.0 % 11.54 147.2 % 0.68
Q4 2015 23.54 (2.6 %) 2.23 (79.3 %) (9.73) (864.1 %) (0.57)
Q1 2016 13.43 (6.0 %) (4.66) 15.9 % (10.23) 10.6 % (0.60)
Q2 2016 27.33 4.9 % 3.26 168.9 % (3.09) 89.5 % (0.18)
Q3 2016 26.11 (32.7 %) (0.81) (135.6 %) (7.60) (165.9 %) (0.45)
Q4 2016 19.78 (16.0 %) (2.86) (228.2 %) (6.99) 28.2 % (0.41)
Q1 2017 13.95 3.9 % 4.22 190.4 % 1.82 117.8 % 0.11
Q2 2017 15.21 (44.4 %) 8.06 147.1 % 2.22 171.8 % 0.13
Q3 2017 28.77 10.2 % 11.82 1552.5 % 0.73 109.5 % 0.04
Q4 2017 13.63 (31.1 %) 6.36 322.2 % (1.56) 77.7 % (0.09)
Q1 2018 14.00 0.4 % 8.22 94.9 % 1.00 (45.1 %) 0.06
Q2 2018 13.50 (11.2 %) 5.17 (35.8 %) 0.53 (76.1 %) 0.03
Q3 2018 38.81 34.9 % 13.14 11.2 % 1.97 171.8 % 0.12
Q4 2018 14.34 5.2 % 2.92 (54.1 %) 1.67 207.1 % 0.10
Q1 2019 14.95 6.8 % 7.00 (14.7 %) 1.18 17.7 % 0.07

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2010 27.37 % (4.45 %) 10.88 %
Q2 2010 25.58 % 0.13 % 8.50 %
Q3 2010 25.85 % 1.29 % 14.74 %
Q4 2010 28.76 % 3.34 % 7.88 %
Q1 2011 25.99 % (0.87 %) 2.06 %
Q2 2011 30.89 % (0.61 %) 4.73 %
Q3 2011 30.09 % (0.81 %) (1.52 %)
Q4 2011 31.87 % 4.41 % 6.77 %
Q1 2012 35.23 % 9.88 % 10.28 %
Q2 2012 30.80 % 6.73 % 6.56 %
Q3 2012 29.39 % 9.03 % 6.21 %
Q4 2012 19.98 % 1.89 % 0.69 %
Q1 2013 12.18 % (9.78 %) (10.93 %)
Q2 2013 5.81 % (18.83 %) (22.86 %)
Q3 2013 (0.06 %) (32.70 %) (33.69 %)
Q4 2013 (7.05 %) (44.71 %) (46.75 %)
Q1 2014 (8.26 %) (47.03 %) (50.95 %)
Q2 2014 (2.07 %) (37.46 %) (41.85 %)
Q3 2014 (5.36 %) (46.76 %) (53.32 %)
Q4 2014 8.27 % (35.27 %) (39.43 %)
Q1 2015 6.54 % (32.20 %) (35.65 %)
Q2 2015 (4.75 %) (53.85 %) (58.11 %)
Q3 2015 2.73 % (27.12 %) (33.89 %)
Q4 2015 (5.61 %) (28.92 %) (44.82 %)
Q1 2016 (4.79 %) (29.04 %) (44.00 %)
Q2 2016 3.02 % (14.41 %) (28.64 %)
Q3 2016 0.02 % (21.68 %) (33.91 %)
Q4 2016 (5.86 %) (28.55 %) (32.21 %)
Q1 2017 4.36 % (20.18 %) (18.19 %)
Q2 2017 11.46 % (25.68 %) (15.49 %)
Q3 2017 27.33 % (14.90 %) (4.24 %)
Q4 2017 42.57 % 2.59 % 2.98 %
Q1 2018 48.13 % 12.31 % 1.83 %
Q2 2018 45.17 % 16.74 % 1.00 %
Q3 2018 41.15 % 20.14 % (2.35 %)
Q4 2018 36.52 % 9.55 % 1.68 %
Q1 2019 34.61 % 4.24 % (6.97 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2010 17.01 0.64 0.75 13.66
Q2 2010 17.01 0.66 0.77 14.03
Q3 2010 17.01 1.73 1.45 14.69
Q4 2010 17.01 1.39 0.77 14.57
Q1 2011 17.01 0.83 0.22 14.59
Q2 2011 17.01 1.07 0.45 13.41
Q3 2011 17.01 0.48 (0.14) 13.31
Q4 2011 17.01 1.01 0.62 13.93
Q1 2012 17.01 1.26 0.88 14.03
Q2 2012 17.01 0.93 0.55 14.20
Q3 2012 17.01 0.89 0.51 14.06
Q4 2012 17.01 0.06 0.06 13.92
Q1 2013 17.01 (0.86) (0.86) 13.11
Q2 2013 17.01 (1.71) (1.71) 12.42
Q3 2013 17.01 (2.46) (2.46) 11.52
Q4 2013 17.01 (3.09) (3.09) 10.78
Q1 2014 17.01 (3.15) (3.15) 9.90
Q2 2014 17.01 (2.65) (2.65) 9.72
Q3 2014 17.01 (3.18) (3.18) 8.29
Q4 2014 17.01 (2.42) (2.42) 8.36
Q1 2015 17.01 (2.22) (2.22) 7.69
Q2 2015 17.01 (3.76) (3.11) 5.97
Q3 2015 17.01 (1.64) (2.06) 6.65
Q4 2015 17.01 (2.29) (2.71) 6.07
Q1 2016 17.01 (2.22) (2.63) 5.44
Q2 2016 17.01 (0.68) (1.74) 4.10
Q3 2016 17.01 (1.80) (1.80) 3.65
Q4 2016 17.01 (1.64) (1.64) 2.96
Q1 2017 17.01 (0.93) (0.93) 3.07
Q2 2017 17.01 (0.62) (0.68) 3.45
Q3 2017 17.01 (0.13) (0.19) 3.50
Q4 2017 17.01 0.19 0.13 3.38
Q1 2018 17.01 0.14 0.08 3.45
Q2 2018 17.01 0.04 0.04 3.48
Q3 2018 17.01 0.11 (0.11) 3.60
Q4 2018 17.01 0.30 0.08 3.73
Q1 2019 17.01 0.31 (0.33) 3.80

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2010 More than 50 More than 50 4.68
Q2 2010 More than 50 More than 50 4.20
Q3 2010 35.84 42.87 4.22
Q4 2010 More than 50 More than 50 5.28
Q1 2011 More than 50 More than 50 4.75
Q2 2011 More than 50 More than 50 7.91
Q3 2011 More than 50 NEG 12.91
Q4 2011 More than 50 More than 50 14.09
Q1 2012 More than 50 More than 50 13.62
Q2 2012 More than 50 More than 50 14.16
Q3 2012 More than 50 More than 50 15.44
Q4 2012 More than 50 More than 50 16.15
Q1 2013 NEG NEG 17.36
Q2 2013 NEG NEG 21.47
Q3 2013 NEG NEG 21.71
Q4 2013 NEG NEG 27.01
Q1 2014 NEG NEG 54.06
Q2 2014 NEG NEG 26.54
Q3 2014 NEG NEG 31.88
Q4 2014 NEG NEG 28.72
Q1 2015 NEG NEG 31.09
Q2 2015 NEG NEG 43.89
Q3 2015 NEG NEG 14.16
Q4 2015 NEG NEG 13.03
Q1 2016 NEG NEG 17.36
Q2 2016 NEG NEG 20.56
Q3 2016 NEG NEG 18.64
Q4 2016 NEG NEG 30.47
Q1 2017 NEG NEG 18.83
Q2 2017 NEG NEG 12.20
Q3 2017 NEG NEG 17.64
Q4 2017 More than 50 More than 50 18.76
Q1 2018 More than 50 More than 50 16.75
Q2 2018 More than 50 More than 50 19.10
Q3 2018 More than 50 NEG 14.85
Q4 2018 More than 50 More than 50 15.84
Q1 2019 More than 50 NEG 14.94

Business Segments (Million)

Compared With The
Period Advertising Sector Trading & Distribution Services Library Sector Advertising and distribution sector Public administration & Investments sector
Q1 2010 - - 4.20 20.52 -
Q2 2010 - - 16.66 68.22 0.73
Q3 2010 - - 9.23 35.07 -
Q4 2010 - - 6.55 29.62 -
Q1 2011 - - 8.75 27.05 -
Q2 2011 - - 2.46 44.68 -
Q3 2011 - - 6.34 32.41 -
Q4 2011 - - 7.87 27.18 -
Q1 2012 - - 4.12 20.25 -
Q2 2012 - - 9.20 34.99 -
Q3 2012 - - 5.23 30.18 -
Q4 2012 - - 5.60 27.83 -
Q1 2013 - - 2.19 17.92 -
Q2 2013 - - 9.86 28.41 -
Q3 2013 - - 5.99 26.64 -
Q4 2013 - - 3.44 17.97 -
Q1 2014 - - 3.07 9.88 -
Q2 2014 - - 8.78 31.79 -
Q3 2014 - - 3.35 23.30 -
Q4 2014 - - 2.99 21.17 -
Q1 2015 - - 1.02 13.26 -
Q2 2015 - - 3.80 22.24 -
Q3 2015 - - 1.92 36.86 -
Q4 2015 - - 1.31 22.23 -
Q1 2016 12.56 0.09 0.77 - -
Q2 2016 14.23 11.60 1.50 - -
Q3 2016 12.88 11.21 2.01 - -
Q4 2016 - - 0.42 19.36 -
Q1 2017 13.42 0.10 0.43 - -
Q2 2017 11.43 1.22 2.55 - -
Q3 2017 10.64 15.80 1.82 - -
Q4 2017 10.40 2.99 0.75 - -
Q1 2018 13.40 0.12 0.47 - -
Q2 2018 11.07 1.11 1.32 - -
Q3 2018 11.50 26.38 0.94 - -
Q4 2018 13.15 0.16 1.02 - -
Q1 2019 14.18 0.15 0.61 - -


Financial Ratios
Current
Market Cap (M Riyal) 661.60
Enterprise Value (EV) (M) 366.34
Shares Outstanding ((M)) 40.00
EPS ( Riyal) (TTM) (1.63)
Book Value (BV) ( Riyal) 5.83
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.84
Return on Average Assets (%) (TTM) (20.33 )
Return on Average Equity (%) (TTM) (61.91 )
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