KnowledgeNet 2022 profit doubles to SAR 3.2 mln
30/03/2023
Argaam Exclusive
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KnowledgeNet Co. posted a net profit of SAR 3.2 million in 2022, from SAR 1.6 million a year before.
Financials (M)
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 49.02 | 58.41 | 19.2 % |
| Gross Income | 14.88 | 19.64 | 32.0 % |
| Operating Income | 2.55 | 1.34 | (47.6 %) |
| Net Income | 1.57 | 3.10 | 97.0 % |
| Average Shares | 3.50 | 3.50 | - |
| Earnings Per Share before unusual items (Riyals) | 0.45 | 0.38 | (14.8 %) |
| EPS (Riyal) | 0.45 | 0.89 | 97.0 % |
The better results were mainly due to an increase in sales by 19.19% year-on-year (YoY) to SAR 58.42 million in 2022.
Compared With The
Current Half Annual Comparison (M)
| Item | H2 2021 | H2 2022 | Change |
|---|---|---|---|
| Revenues | 28.04 | 28.09 | 0.2 % |
| Gross Income | 10.51 | 9.72 | (7.5 %) |
| Operating Income | 3.69 | (0.53) | (114.4 %) |
| Net Income | 2.90 | (1.77) | (161.2 %) |
| Average Shares | 3.50 | 3.50 | - |
| Earnings Per Share before unusual items (Riyal) | 0.83 | (0.51) | (161.2 %) |
| EPS (Riyal) | 0.83 | (0.51) | (161.2 %) |
Shareholders' equity, after minority interest, reached SAR 46.94 million by the end of 2022, compared to SAR 42.51 million a year before.
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2022 | 30.32 | 44.6 % | 9.92 | 127.1 % | 1.87 | 263.8 % |
| H2 2022 | 28.09 | 0.2 % | 9.72 | (7.5 %) | (0.53) | (114.4 %) |
| 2022 | 58.41 | 19.2 % | 19.64 | 32.0 % | 1.34 | (47.6 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| H1 2022 | 4.87 | 468.5 % | 1.39 | 1.76 | 3.11 | 0.89 |
| H2 2022 | (1.77) | (161.2 %) | (0.51) | - | (1.77) | (0.51) |
| 2022 | 3.10 | 97.0 % | 0.89 | 1.76 | 1.34 | 0.38 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2021 | - | - | - |
| H2 2021 | 30.35 % | 10.00 % | 3.21 % |
| 2021 | 30.35 % | 10.00 % | 3.21 % |
| H1 2022 | 35.01 % | 13.85 % | 10.30 % |
| H2 2022 | 33.63 % | 6.87 % | 2.29 % |
| 2022 | 33.63 % | 6.87 % | 2.29 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2022 | 3.50 | 2.22 | 1.72 | 13.54 |
| H2 2022 | 3.50 | 0.89 | 0.38 | 13.38 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| H1 2022 | - | - | - |
| H2 2022 | - | - | - |
Business Segments (Million)
Q4 2022
| Period | consulting services | maintenance and technical support services | sale of programs licenses |
|---|---|---|---|
| Q2 2022 | 17.23 | 5.38 | 7.70 |
| Q4 2022 | 14.80 | 6.35 | 6.94 |
| Current | |
| Market Cap (M Riyal) | 75.25 |
| Enterprise Value (EV) (M Riyal) | 72.57 |
| Shares Outstanding ((M)) | 3.50 |
| Book Value (BV) ( Riyal) | 18.07 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | Neg |
| Price/book | 1.19 |
| EV/adj EBITDA | 6.72 |
| EV/Revenues | 1.52 |
Share Price
Knowledge Net Co. (KNOWLEDGENET)
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