Perfect Presentation for Commercial Services Co. (2P) posted a net profit of SAR 88.5 million in H1 2024, a 44%% leap from SAR 61.3 million a year earlier.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 471.45 | 506.63 | 7.5 % |
| Gross Income | 97.48 | 108.39 | 11.2 % |
| Operating Income | 76.69 | 83.35 | 8.7 % |
| Net Income | 61.29 | 88.45 | 44.3 % |
| Average Shares | 300.00 | 300.00 | - |
| EPS (Riyals) | 0.20 | 0.29 | 44.3 % |
Revenues increased by 7% year-on-year (YoY) to SAR 506 million in the six-month period, driven by the continued growth across all business segments as well as the operation of the cybersecurity business in early 2024.
The company recorded capitalized gains of SAR 26 million for the compensation of one of its divested properties in Al Khozama.
In Q2 2024, net profit reached SAR 58.8 million, leaping 79.7% YoY from SAR 30.7 million, boosted mainly by higher revenues.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 246.36 | 287.14 | 16.6 % |
| Gross Income | 53.65 | 53.60 | (0.1 %) |
| Operating Income | 41.02 | 41.30 | 0.7 % |
| Net Income | 32.71 | 58.77 | 79.7 % |
| Average Shares | 300.00 | 300.00 | - |
| EPS (Riyals) | 0.11 | 0.20 | 79.7 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 219.49 | 287.14 | 30.8 % |
| Gross Income | 54.79 | 53.60 | (2.2 %) |
| Operating Income | 42.05 | 41.30 | (1.8 %) |
| Net Income | 29.68 | 58.77 | 98.0 % |
| Average Shares | 300.00 | 300.00 | - |
| EPS (Riyals) | 0.10 | 0.20 | 98.0 % |
The second-quarter earnings also rose 98% from SAR 29.68 million in Q1 2024.
Total shareholders’ equity, with no minority interest, stood at SAR 469.79 million as of June 30, 2024, compared to SAR 382.02 million a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| SABIC | 759.61 | 2,180.00 | 187.0 % |
| 2P | 34.80 | 58.77 | 68.9 % |
| CARE | 64.58 | 69.50 | 7.6 % |
| BUDGET SAUDI | 68.97 | 70.17 | 1.7 % |
| SSP | 53.60 | 51.76 | (3.4 %) |
| MARAFIQ | 98.00 | 65.34 | (33.3 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| SABIC | 759.61 | 2,180.00 | 187.0 % |
| 2P | 34.80 | 58.77 | 68.9 % |
| SIIG | 54.30 | 64.00 | 17.9 % |
| CARE | 64.58 | 69.50 | 7.6 % |
| BUDGET SAUDI | 68.97 | 70.17 | 1.7 % |
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