KnowledgeNet posts SAR 4.9 mln profit in H1 2022

25/01/2023 Argaam Exclusive

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KnowledgeNet Co., which is set to be listed on Nomu-Parallel Market, posted a profit of SAR 4.9 million in H1 2022 against a loss of SAR 1.3 million in the prior-year period.

The turnaround was driven by a 45% rise year-on-year (YoY) in revenue and a 33% increase YoY in gross profit margin.

  

Sales of equity instruments contributed SAR 1.8 million to the six-month earnings, while divestment of a stake in the subsidiary, Takharuj Information Technology Co., resulted in a gain of SAR 1 million.

 

However, the general and administrative expenses increased YoY.

 

Total shareholders' equity, excluding minority interests, reached SAR 46.82 million at the end of June 30, 2022, compared to SAR 17.65 million in the year-earlier period.

 

The company's cash balance stood at SAR 24.3 million as of June 30, 2022. However, cash from operating activities was -SAR 2.2 million.

  

KnowledgeNet reported SAR 17.3 million in revenue from strategic projects in the first six months of 2022, compared to SAR 16.1 million a year earlier. Revenue from core business products rose to SAR 13 million from SAR 4.9 million at the end of H1 2022.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 20.97 30.32 44.6 %
Gross Income 4.37 9.92 127.1 %
Operating Income (1.14) 1.87 263.8 %
Net Income (1.32) 4.87 468.5 %
Average Shares 1.50 3.50 -
Earnings Per Share before unusual items (Riyals) (0.88) 0.89 201.0 %
EPS (Riyals) (0.88) 1.39 258.0 %

View more financial results

 

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Share Price

Knowledge Net Co.
33.00
(0.40) (1.20 %)

Knowledge Net Co. (KNOWLEDGENET)

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Financial Ratios
Current
Market Cap (M Riyal) 115.50
Enterprise Value (EV) (M) 104.33
Shares Outstanding ((M)) 3.50
Book Value (BV) ( Riyal) 18.48
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 11.74
Price/book 1.79
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
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 20.97 - 4.37 - (1.14) -
H2 2021 28.04 - 10.51 - 3.69 -
H1 2022 30.32 44.6 % 9.92 127.1 % 1.87 263.8 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
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 (1.32) - (0.88) - (1.32) (0.88)
H2 2021 2.90 - 0.83 - 2.90 0.83
H1 2022 4.87 468.5 % 1.39 1.76 3.11 0.89

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
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 30.35 % 10.00 % 3.21 %
H1 2022 35.01 % 13.85 % 10.30 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
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 1.50 - - 11.73
H2 2021 3.50 0.45 0.45 12.15
H1 2022 3.50 2.22 1.72 13.54

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
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 - - -

Business Segments (Million)

Compared With The
Period consulting services maintenance and technical support services sale of programs licenses
Q2 2022 17.23 5.38 7.70

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