SHL H1 net profit down to SAR 5 mln; Q2 falls to SAR 2.6 mln

06/08/2023 Argaam Exclusive

View other reports

Share Price

SHL Finance Co. (SHL)

SHL Finance Co. reported a net profit of SAR 5 million in H1 2023, a slump of 92% from SAR 63.7 million in H1 2022, on higher cost of finance.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Net income from finance commissions	91.75	55.51	(39.5 %)
Net Income	63.66	5.04	(92.1 %)
Average Shares	100.00	100.00	-
EPS (Riyals)	0.64	0.05	(92.1 %)

The Q2 2023 net earnings plummeted 92% year-on-year (YoY) to SAR 2.6 million, from SAR 31.3 million in Q2 2022, on an increase in the cost of funding.

On a quarterly basis, net profit was up 6.1% from SAR 2.45 million in Q1 2023 driven by higher operating income and reversing the provision for expected credit losses.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Net income from finance commissions	46.56	27.71	(40.5 %)
Net Income	31.30	2.60	(91.7 %)
Average Shares	100.00	100.00	-
EPS (Riyals)	0.31	0.03	(91.7 %)

Item	Q1 2023	Q2 2023	Change‬
Net income from finance commissions	27.80	27.71	(0.3 %)
Net Income	2.45	2.60	6.1 %
Average Shares	100.00	100.00	-
EPS (Riyals)	0.02	0.03	6.1 %

View more financial results

Financial results (Million)

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change	Net Income	Change	EPS(Riyal)
Q1 2014	60.24	-	40.93	-	26.11	-	0.26
Q2 2014	61.47	-	42.40	-	26.53	-	0.27
Q3 2014	59.94	-	42.07	-	27.73	-	0.28
Q4 2014	65.52	-	46.18	-	32.08	-	0.32
2014	247.16	17.5 %	168.59	15.6 %	112.45	18.2 %	1.12
Q1 2015	64.56	7.2 %	44.75	9.3 %	29.35	12.4 %	0.29
Q2 2015	66.14	7.6 %	47.29	11.5 %	30.84	16.3 %	0.31
Q3 2015	66.39	10.8 %	47.74	13.5 %	29.62	6.8 %	0.30
Q4 2015	64.42	(1.7 %)	44.47	(3.7 %)	30.78	(4.1 %)	0.31
2015	261.50	5.8 %	181.09	7.4 %	120.59	7.2 %	1.21
Q1 2016	67.11	3.9 %	44.76	0.0 %	28.41	(3.2 %)	0.28
Q2 2016	67.90	2.7 %	42.29	(10.6 %)	26.67	(13.5 %)	0.27
Q3 2016	70.01	5.5 %	40.80	(14.5 %)	23.96	(19.1 %)	0.24
Q4 2016	70.70	9.7 %	39.45	(11.3 %)	21.22	(31.0 %)	0.21
2016	275.71	5.4 %	163.62	(9.6 %)	100.26	(16.9 %)	1.00
Q1 2017	68.94	2.7 %	37.06	(17.2 %)	21.89	(22.9 %)	0.22
Q2 2017	72.49	6.8 %	42.18	(0.2 %)	26.81	0.5 %	0.27
Q3 2017	74.21	6.0 %	43.83	7.4 %	26.21	9.4 %	0.26
Q4 2017	74.00	4.7 %	45.29	14.8 %	24.78	16.8 %	0.25
2017	289.63	5.0 %	168.36	2.9 %	99.69	(0.6 %)	1.00
Q1 2018	72.70	5.5 %	41.36	11.6 %	21.62	(1.2 %)	0.22
Q2 2018	80.35	10.8 %	47.69	13.1 %	14.36	(46.4 %)	0.14
Q3 2018	82.02	10.5 %	46.88	7.0 %	16.34	(37.7 %)	0.16
Q4 2018	80.32	8.5 %	44.01	(2.8 %)	(8.00)	(132.3 %)	(0.08)
2018	315.39	8.9 %	179.94	6.9 %	40.73	(59.1 %)	0.41
Q1 2019	77.10	6.1 %	40.32	(2.5 %)	23.30	7.8 %	0.23
Q2 2019	78.39	(2.4 %)	40.97	(14.1 %)	2.86	(80.1 %)	0.03
Q3 2019	77.99	(4.9 %)	43.13	(8.0 %)	19.57	19.8 %	0.20
Q4 2019	77.90	(3.0 %)	45.62	3.7 %	8.93	211.5 %	0.09
2019	311.37	(1.3 %)	170.04	(5.5 %)	54.66	34.2 %	0.55
Q1 2020	77.48	0.5 %	48.05	19.2 %	15.69	(32.7 %)	0.16
Q2 2020	74.43	(5.1 %)	51.13	24.8 %	14.48	405.8 %	0.14
Q3 2020	74.66	(4.3 %)	50.26	16.5 %	25.90	32.4 %	0.26
Q4 2020	76.78	(1.4 %)	56.76	24.4 %	29.05	225.4 %	0.29
2020	303.34	(2.6 %)	206.20	21.3 %	85.12	55.7 %	0.85
Q1 2021	75.99	(1.9 %)	56.17	16.9 %	29.47	87.9 %	0.29
Q2 2021	73.48	(1.3 %)	54.02	5.6 %	29.29	102.3 %	0.29
Q3 2021	75.40	1.0 %	56.16	11.7 %	24.34	(6.0 %)	0.24
Q4 2021	70.36	(8.4 %)	50.97	(10.2 %)	20.09	(30.8 %)	0.20
2021	295.24	(2.7 %)	217.31	5.4 %	103.20	21.2 %	1.03
Q1 2022	65.31	(14.1 %)	45.19	(19.5 %)	32.36	9.8 %	0.32
Q2 2022	69.04	(6.1 %)	46.56	(13.8 %)	31.30	6.9 %	0.31
Q3 2022	67.57	(10.4 %)	35.46	(36.9 %)	16.38	(32.7 %)	0.16
Q4 2022	69.91	(0.6 %)	34.09	(33.1 %)	15.85	(21.1 %)	0.16
2022	271.83	(7.9 %)	161.30	(25.8 %)	95.89	(7.1 %)	0.96
Q1 2023	73.71	12.9 %	27.80	(38.5 %)	2.45	(92.4 %)	0.02
Q2 2023	76.05	10.2 %	27.71	(40.5 %)	2.60	(91.7 %)	0.03

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change	Net Income	Change	EPS(Riyal)
2013	210.34	-	145.84	-	95.15	-	0.95
2014	247.16	17.5 %	168.59	15.6 %	112.45	18.2 %	1.12
2015	261.50	5.8 %	181.09	7.4 %	120.59	7.2 %	1.21
2016	275.71	5.4 %	163.62	(9.6 %)	100.26	(16.9 %)	1.00
2017	289.63	5.0 %	168.36	2.9 %	99.69	(0.6 %)	1.00
2018	315.39	8.9 %	179.94	6.9 %	40.73	(59.1 %)	0.41
2019	311.37	(1.3 %)	170.04	(5.5 %)	54.66	34.2 %	0.55
2020	303.34	(2.6 %)	206.20	21.3 %	85.12	55.7 %	0.85
2021	295.24	(2.7 %)	217.31	5.4 %	103.20	21.2 %	1.03
2022	271.83	(7.9 %)	161.30	(25.8 %)	95.89	(7.1 %)	0.96

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	45.50 %
2014	3.11 %	10.38 %	45.50 %
Q1 2015	-	-	46.00 %
Q2 2015	-	-	46.85 %
Q3 2015	-	-	46.42 %
Q4 2015	3.24 %	10.11 %	46.12 %
2015	3.24 %	10.11 %	46.12 %
Q1 2016	3.13 %	9.80 %	45.32 %
Q2 2016	2.92 %	9.25 %	43.44 %
Q3 2016	2.78 %	8.62 %	40.76 %
Q4 2016	2.55 %	7.74 %	36.36 %
2016	2.54 %	7.74 %	36.36 %
Q1 2017	2.32 %	7.10 %	33.78 %
Q2 2017	2.27 %	6.99 %	33.28 %
Q3 2017	2.31 %	7.03 %	33.57 %
Q4 2017	2.38 %	7.18 %	34.42 %
2017	2.36 %	7.18 %	34.42 %
Q1 2018	2.32 %	7.14 %	33.89 %
Q2 2018	2.02 %	6.16 %	28.87 %
Q3 2018	1.79 %	5.38 %	24.95 %
Q4 2018	1.01 %	3.08 %	14.05 %
2018	0.93 %	2.83 %	12.91 %
Q1 2019	1.05 %	3.18 %	14.38 %
Q2 2019	0.79 %	2.37 %	10.85 %
Q3 2019	0.86 %	2.56 %	12.02 %
Q4 2019	1.23 %	3.71 %	17.56 %
2019	1.23 %	3.71 %	17.56 %
Q1 2020	1.06 %	3.15 %	15.09 %
Q2 2020	1.32 %	3.91 %	19.06 %
Q3 2020	1.45 %	4.26 %	21.35 %
Q4 2020	1.88 %	5.52 %	28.06 %
2020	1.89 %	5.52 %	28.06 %
Q1 2021	2.19 %	6.32 %	32.76 %
Q2 2021	2.53 %	7.16 %	37.79 %
Q3 2021	2.51 %	6.95 %	37.18 %
Q4 2021	2.24 %	6.30 %	34.95 %
2021	2.24 %	6.30 %	34.95 %
Q1 2022	2.38 %	6.36 %	37.28 %
Q2 2022	2.45 %	6.51 %	38.59 %
Q3 2022	2.28 %	5.96 %	36.78 %
Q4 2022	2.15 %	5.64 %	35.28 %
2022	2.15 %	5.64 %	35.28 %
Q1 2023	1.50 %	3.84 %	23.54 %
Q2 2023	0.86 %	2.23 %	12.98 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2013	-	-	45.24 %
2014	3.11 %	10.38 %	45.50 %
2015	3.24 %	10.11 %	46.12 %
2016	2.54 %	7.74 %	36.36 %
2017	2.36 %	7.18 %	34.42 %
2018	0.93 %	2.83 %	12.91 %
2019	1.23 %	3.71 %	17.56 %
2020	1.89 %	5.52 %	28.06 %
2021	2.24 %	6.30 %	34.95 %
2022	2.15 %	5.64 %	35.28 %

Balance Sheet (B)

Period	Assets	Change	Net Finance Investments	Change
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	3.67	-	3.58	-
Q1 2015	3.77	-	3.61	-
Q2 2015	3.88	-	3.63	-
Q3 2015	3.82	-	3.64	-
Q4 2015	3.78	2.8 %	3.69	3.2 %
Q1 2016	3.88	2.8 %	3.71	2.9 %
Q2 2016	4.04	4.2 %	3.85	6.0 %
Q3 2016	4.07	6.6 %	3.95	8.5 %
Q4 2016	4.10	8.4 %	3.99	8.1 %
Q1 2017	4.20	8.2 %	4.05	9.2 %
Q2 2017	4.23	4.7 %	4.07	5.7 %
Q3 2017	4.26	4.6 %	4.11	4.0 %
Q4 2017	4.30	4.9 %	4.18	4.8 %
Q1 2018	4.38	4.4 %	4.17	2.9 %
Q2 2018	4.37	3.2 %	4.19	2.8 %
Q3 2018	4.36	2.4 %	4.15	1.2 %
Q4 2018	4.44	3.3 %	4.19	0.2 %
Q1 2019	4.39	0.3 %	4.17	0.1 %
Q2 2019	4.37	0.1 %	4.19	0.2 %
Q3 2019	4.41	1.1 %	4.20	1.0 %
Q4 2019	4.47	0.6 %	4.24	1.1 %
Q1 2020	4.51	2.5 %	4.28	2.4 %
Q2 2020	4.53	3.8 %	4.31	2.8 %
Q3 2020	4.53	2.9 %	4.26	1.6 %
Q4 2020	4.61	3.1 %	4.20	(0.9 %)
Q1 2021	4.51	0.1 %	4.19	(1.9 %)
Q2 2021	4.45	(1.8 %)	4.22	(2.2 %)
Q3 2021	4.39	(3.2 %)	4.17	(2.2 %)
Q4 2021	4.59	(0.4 %)	4.01	(4.4 %)
Q1 2022	4.39	(2.6 %)	4.12	(1.8 %)
Q2 2022	4.39	(1.4 %)	4.10	(2.7 %)
Q3 2022	4.38	(0.2 %)	4.13	(1.0 %)
Q4 2022	4.33	(5.7 %)	3.81	(4.9 %)
Q1 2023	4.37	(0.4 %)	3.75	(8.9 %)
Q2 2023	4.31	(1.8 %)	3.72	(9.4 %)

Period	Assets	Change	Net Finance Investments	Change
3m 2014	-	-	-	-
6m 2014	-	-	-	-
9m 2014	-	-	-	-
12m 2014	3.67	3.4 %	3.58	6.3 %
3m 2015	3.77	-	3.61	-
6m 2015	3.88	-	3.63	-
9m 2015	3.82	-	3.64	-
12m 2015	3.77	2.6 %	3.69	3.2 %
3m 2016	3.88	2.8 %	3.71	2.9 %
6m 2016	4.04	4.2 %	3.85	6.0 %
9m 2016	4.07	6.6 %	3.95	8.5 %
12m 2016	4.10	8.6 %	3.99	8.1 %
3m 2017	4.20	8.2 %	4.05	9.2 %
6m 2017	4.23	4.7 %	4.07	5.7 %
9m 2017	4.26	4.6 %	4.11	4.0 %
12m 2017	4.30	4.9 %	4.18	4.8 %
3m 2018	4.38	4.4 %	4.17	2.9 %
6m 2018	4.37	3.2 %	4.19	2.8 %
9m 2018	4.36	2.4 %	4.15	1.2 %
12m 2018	4.36	1.5 %	4.19	0.2 %
3m 2019	4.39	0.3 %	4.17	0.1 %
6m 2019	4.37	0.1 %	4.19	0.2 %
9m 2019	4.41	1.1 %	4.20	1.0 %
12m 2019	4.41	1.2 %	4.24	1.1 %
3m 2020	4.51	2.5 %	4.28	2.4 %
6m 2020	4.53	3.8 %	4.31	2.8 %
9m 2020	4.53	2.9 %	4.26	1.6 %
12m 2020	4.46	1.2 %	4.20	(0.9 %)
3m 2021	4.51	0.1 %	4.19	(1.9 %)
6m 2021	4.45	(1.8 %)	4.22	(2.2 %)
9m 2021	4.39	(3.2 %)	4.17	(2.2 %)
12m 2021	4.40	(1.3 %)	4.01	(4.4 %)
3m 2022	4.39	(2.6 %)	4.12	(1.8 %)
6m 2022	4.39	(1.4 %)	4.10	(2.7 %)
9m 2022	4.38	(0.2 %)	4.13	(1.0 %)
12m 2022	4.33	(1.7 %)	3.81	(4.9 %)
3m 2023	4.37	(0.4 %)	3.75	(8.9 %)
6m 2023	4.31	(1.8 %)	3.72	(9.4 %)

Period	Assets	Change	Net Finance Investments	Change
2013	3.55	-	3.36	-
2014	3.67	3.4 %	3.58	6.3 %
2015	3.78	2.8 %	3.69	3.2 %
2016	4.13	9.3 %	3.99	8.1 %
2017	4.32	4.6 %	4.18	4.8 %
2018	4.44	2.7 %	4.19	0.2 %
2019	4.41	(0.6 %)	4.24	1.1 %
2020	4.61	4.4 %	4.20	(0.9 %)
2021	4.59	(0.4 %)	4.01	(4.4 %)
2022	4.33	(5.7 %)	3.81	(4.9 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	100.00	-	-	-
Q2 2014	100.00	-	-	-
Q3 2014	100.00	-	-	-
Q4 2014	100.00	1.12	1.12	11.36
Q1 2015	100.00	1.16	1.16	11.66
Q2 2015	100.00	1.20	1.20	11.96
Q3 2015	100.00	1.22	1.22	12.26
Q4 2015	100.00	1.21	1.21	12.49
Q1 2016	100.00	1.20	1.20	12.77
Q2 2016	100.00	1.15	1.15	13.00
Q3 2016	100.00	1.10	1.10	13.23
Q4 2016	100.00	1.00	1.00	13.43
Q1 2017	100.00	0.94	0.94	13.63
Q2 2017	100.00	0.94	0.94	13.89
Q3 2017	100.00	0.96	0.96	14.13
Q4 2017	100.00	1.00	1.00	14.34
Q1 2018	100.00	0.99	0.99	14.20
Q2 2018	100.00	0.87	0.87	14.37
Q3 2018	100.00	0.77	0.77	14.54
Q4 2018	100.00	0.44	0.70	14.46
Q1 2019	100.00	0.46	0.71	14.69
Q2 2019	100.00	0.34	0.73	14.71
Q3 2019	100.00	0.38	0.76	14.92
Q4 2019	100.00	0.55	0.67	15.00
Q1 2020	100.00	0.47	0.60	15.16
Q2 2020	100.00	0.59	0.59	15.30
Q3 2020	100.00	0.65	0.65	15.57
Q4 2020	100.00	0.85	0.85	15.86
Q1 2021	100.00	0.99	0.99	16.15
Q2 2021	100.00	1.14	1.14	16.45
Q3 2021	100.00	1.12	1.12	16.70
Q4 2021	100.00	1.03	1.03	16.90
Q1 2022	100.00	1.06	0.95	17.22
Q2 2022	100.00	1.08	0.82	16.76
Q3 2022	100.00	1.00	0.66	16.93
Q4 2022	100.00	0.96	0.54	17.09
Q1 2023	100.00	0.66	0.32	17.11
Q2 2023	100.00	0.37	0.19	16.63

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	100.00	0.95	0.95	10.31
2014	100.00	1.12	1.12	11.36
2015	100.00	1.21	1.21	12.49
2016	100.00	1.00	1.00	13.43
2017	100.00	1.00	1.00	14.34
2018	100.00	0.41	0.66	14.46
2019	100.00	0.55	0.67	15.00
2020	100.00	0.85	0.85	15.86
2021	100.00	1.03	1.03	16.90
2022	100.00	0.96	0.54	17.09

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q4 2021	-	-	-
Q1 2022	-	-	-
Q2 2022	18.54	24.43	1.20
Q3 2022	20.65	31.33	1.22
Q4 2022	21.36	38.00	1.20
Q1 2023	30.56	More than 50	1.18
Q2 2023	More than 50	More than 50	1.17

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	21.36	38.00	1.20

Financial Ratios

	Current
Market Cap (M)	1,548.00
Shares Outstanding ((M))	100.00
EPS ( Riyal) (TTM)	0.04
Book Value (BV) ( Riyal)	16.65
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 50
P/E (TTM)	More than 50
Price/book	0.93
Return on Average Assets (%) (TTM)	0.1
Return on Average Equity (%) (TTM)	0.3

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Sign In

Search Result

SHL H1 net profit down to SAR 5 mln; Q2 falls to SAR 2.6 mln

View other reports

Share Price

SHL Finance Co. (SHL)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

SHL H1 net profit down to SAR 5 mln; Q2 falls to SAR 2.6 mln

View other reports

Share Price

SHL Finance Co. (SHL)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}