Alhokair Group earns SAR 10.3M in H1 2024, SAR 6.1M in Q2

05/08/2024 Argaam Exclusive

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) reported a net profit of SAR 10.3 million in H1 2024, against a net loss of SAR 29.4 million in the prior-year period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 364.92 344.61 (5.6 %)
Gross Income 81.24 102.54 26.2 %
Operating Income 1.81 26.45 1361.0 %
Net Income (29.40) 10.34 135.2 %
Average Shares 315.00 315.00 -
EPS (Riyals) (0.09) 0.03 135.2 %

During the six-month period, gross profits rose to SAR 102.54 million, from SAR 81.24 million in H1 2023.

 

Operating profit also jumped from SAR 2.85 million in the first half of 2023, to SAR 27.51 million in H1 2024. The company also received SAR 24.8 million in insurance compensation for damage and halted operations at one of its hotels and entertainment centers.

 

On the other hand, revenue declined 5.57% year-on-year (YoY) to SAR 344.61 million.

 

In Q2 2024, net earnings jumped 24% to SAR 6.1 million, compared to SAR 4.9 million in Q2 2023 as gross profits increased to SAR 57.95 million, from SAR 56.02 million in Q2 2023.

 

Operating profit also jumped from SAR 20.05million in Q2 2023, to SAR 21.62 million in Q2 2024.

 

Operating expenses decreased on better efficiency. However, revenue shrank by 7.25% YoY.

 

Alhokair Group’s bottom line leapt 44.9% from SAR 4.2 million in Q1 2024.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Revenues 201.08 186.49 (7.3 %)
Gross Income 56.02 57.95 3.4 %
Operating Income 19.19 20.73 8.0 %
Net Income 4.94 6.12 23.7 %
Average Shares 315.00 315.00 -
EPS (Riyals) 0.02 0.02 23.7 %

Shareholders’ equity, no minority interest, dropped to SAR 214.71 million as of June 30, 2024, from SAR 261.55 million a year earlier.

 

Accumulated losses came in at SAR 103.83 million by the end of the six-month period, accounting for 32.96% of the company’s capital.

View More Financial Results

 

View other reports

Share Price

Abdulmohsen Alhokair Group for Tourism and Development
2.87
0.01 0.35 %

Abdulmohsen Alhokair Group for Tourism and Development (ALHOKAIR GROUP)

More


Financial Ratios
Current
Market Cap (M Riyal) 904.05
Enterprise Value (EV) (M) 1,330.49
Shares Outstanding ((M)) 315.00
EPS ( Riyal) (TTM) (0.16)
Book Value (BV) ( Riyal) 0.68
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 4.21
Return on Average Assets (%) (TTM) (2.39 )
Return on Average Equity (%) (TTM) (20.92 )
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request