2P gains SAR 88.5M in H1 2024, SAR 58.8M in Q2

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.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	471.45	506.63	7.5 %
Gross Income	97.48	108.39	11.2 %
Operating Income	76.22	82.71	8.5 %
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.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	246.36	287.14	16.6 %
Gross Income	53.65	53.60	(0.1 %)
Operating Income	40.79	41.30	1.3 %
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	41.87	41.30	(1.4 %)
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.

View more financial results

View other reports

Share Price

Perfect Presentation for Commercial Services Co. (2P)

	Current
Market Cap (M Riyal)	4,218.00
Enterprise Value (EV) (M)	4,579.76
Shares Outstanding ((M))	300.00
EPS ( Riyal) (TTM)	0.56
Book Value (BV) ( Riyal)	1.68
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	30.06
P/E (TTM)	25.32
Price/book	8.35
Return on Average Assets (%) (TTM)	14.6
Return on Average Equity (%) (TTM)	39.2

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	180.23	-	28.59	-	14.27	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	298.10	65.4 %	54.73	91.4 %	24.74	73.4 %
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	482.48	61.8 %	91.02	66.3 %	63.12	155.1 %
Q1 2021	124.32	-	22.30	-	15.30	-
Q2 2021	142.26	-	16.39	-	8.76	-
Q3 2021	160.84	-	32.13	-	18.71	-
Q4 2021	228.06	-	45.18	-	43.47	-
2021	655.48	35.9 %	116.01	27.4 %	86.24	36.6 %
Q1 2022	193.49	55.6 %	35.11	57.4 %	27.39	79.0 %
Q2 2022	238.25	67.5 %	43.51	165.5 %	36.46	316.1 %
Q3 2022	207.37	28.9 %	49.55	54.2 %	39.56	111.4 %
Q4 2022	288.06	26.3 %	71.22	57.6 %	55.82	28.4 %
2022	927.17	41.4 %	199.38	71.9 %	159.23	84.6 %
Q1 2023	225.08	16.3 %	43.83	24.8 %	35.43	29.4 %
Q2 2023	246.36	3.4 %	53.65	23.3 %	40.79	11.9 %
Q3 2023	270.32	30.4 %	56.65	14.3 %	45.76	15.7 %
Q4 2023	387.91	34.7 %	61.24	(14.0 %)	51.57	(7.6 %)
2023	1,129.67	21.8 %	210.41	5.5 %	165.02	3.6 %
Q1 2024	219.49	(2.5 %)	54.79	25.0 %	41.87	18.2 %
Q2 2024	287.14	16.6 %	53.60	(0.1 %)	41.30	1.3 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	180.23	-	28.59	-	14.27	-
2019	298.10	65.4 %	54.73	91.4 %	24.74	73.4 %
2020	482.48	61.8 %	91.02	66.3 %	63.12	155.1 %
2021	655.48	35.9 %	116.01	27.4 %	86.24	36.6 %
2022	927.17	41.4 %	199.38	71.9 %	159.23	84.6 %
2023	1,129.67	21.8 %	210.41	5.5 %	165.02	3.6 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
Q1 2018	-	-	-	-	-	-
Q2 2018	-	-	-	-	-	-
Q3 2018	-	-	-	-	-	-
Q4 2018	-	-	-	-	-	-
2018	17.52	-	0.06	-	17.52	0.06
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	23.01	31.3 %	0.08	-	23.01	0.08
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	64.37	179.8 %	0.21	-	64.37	0.21
Q1 2021	14.49	-	0.05	-	14.49	0.05
Q2 2021	6.89	-	0.02	-	6.89	0.02
Q3 2021	17.58	-	0.06	-	17.58	0.06
Q4 2021	41.65	-	0.14	-	41.65	0.14
2021	80.62	25.2 %	0.27	-	80.62	0.27
Q1 2022	22.08	52.3 %	0.07	-	22.08	0.07
Q2 2022	30.72	346.0 %	0.10	-	30.72	0.10
Q3 2022	32.26	83.5 %	0.11	-	32.26	0.11
Q4 2022	46.40	11.4 %	0.15	-	46.40	0.15
2022	131.46	63.1 %	0.44	-	131.46	0.44
Q1 2023	28.58	29.5 %	0.10	-	28.58	0.10
Q2 2023	32.71	6.5 %	0.11	-	32.71	0.11
Q3 2023	34.65	7.4 %	0.12	-	34.65	0.12
Q4 2023	41.21	(11.2 %)	0.14	-	41.21	0.14
2023	129.29	(1.6 %)	0.43	-	129.29	0.43
Q1 2024	29.68	3.8 %	0.10	-	29.68	0.10
Q2 2024	58.77	79.7 %	0.20	26.28	32.49	0.11

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	17.52	-	0.06	-	17.52	0.06
2019	23.01	31.3 %	0.08	-	23.01	0.08
2020	64.37	179.8 %	0.21	-	64.37	0.21
2021	80.62	25.2 %	0.27	-	80.62	0.27
2022	131.46	63.1 %	0.44	-	131.46	0.44
2023	129.29	(1.6 %)	0.43	-	129.29	0.43

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	-	-	-
2017	-	-	-
Q1 2018	-	-	-
Q2 2018	-	-	-
Q3 2018	-	-	-
Q4 2018	-	-	-
2018	15.87 %	9.42 %	9.72 %
Q1 2019	-	-	-
Q2 2019	-	-	-
Q3 2019	-	-	-
Q4 2019	-	-	-
2019	18.36 %	9.05 %	7.72 %
Q1 2020	-	-	-
Q2 2020	-	-	-
Q3 2020	-	-	-
Q4 2020	-	-	-
2020	18.87 %	13.58 %	13.34 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	17.70 %	13.60 %	12.30 %
2021	17.70 %	13.60 %	12.30 %
Q1 2022	17.78 %	14.02 %	12.17 %
Q2 2022	19.00 %	15.78 %	13.65 %
Q3 2022	19.99 %	17.39 %	14.61 %
Q4 2022	21.50 %	17.64 %	14.18 %
2022	21.50 %	17.64 %	14.18 %
Q1 2023	21.71 %	17.92 %	14.39 %
Q2 2023	22.57 %	18.19 %	14.47 %
Q3 2023	21.88 %	17.69 %	13.82 %
Q4 2023	19.07 %	15.78 %	12.14 %
2023	18.63 %	15.02 %	11.45 %
Q1 2024	20.13 %	16.46 %	12.30 %
Q2 2024	19.43 %	15.99 %	11.85 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	15.87 %	9.42 %	9.72 %
2019	18.36 %	9.05 %	7.72 %
2020	18.87 %	13.58 %	13.34 %
2021	17.70 %	13.60 %	12.30 %
2022	21.50 %	17.64 %	14.18 %
2023	18.63 %	15.02 %	11.45 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	17.94 %	12.82 %	11.66 %
Q2 2021	11.52 %	6.74 %	4.84 %
Q3 2021	19.98 %	12.02 %	10.93 %
Q4 2021	19.81 %	19.41 %	18.26 %
Q1 2022	18.14 %	14.68 %	11.41 %
Q2 2022	18.26 %	15.75 %	12.89 %
Q3 2022	23.89 %	19.61 %	15.56 %
Q4 2022	24.72 %	19.79 %	16.11 %
Q1 2023	19.47 %	16.28 %	12.70 %
Q2 2023	21.78 %	16.88 %	13.28 %
Q3 2023	20.96 %	17.36 %	12.82 %
Q4 2023	15.79 %	13.69 %	10.62 %
Q1 2024	24.96 %	19.78 %	13.52 %
Q2 2024	18.67 %	14.93 %	11.31 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	300.00	-	-	0.42
Q2 2021	300.00	-	-	0.44
Q3 2021	300.00	-	-	0.49
Q4 2021	300.00	0.27	0.27	0.53
Q1 2022	300.00	0.29	0.29	0.61
Q2 2022	300.00	0.37	0.37	0.65
Q3 2022	300.00	0.42	0.42	0.73
Q4 2022	300.00	0.44	0.44	0.85
Q1 2023	300.00	0.46	0.46	0.94
Q2 2023	300.00	0.47	0.47	1.05
Q3 2023	300.00	0.47	0.47	1.15
Q4 2023	300.00	0.46	0.46	1.27
Q1 2024	300.00	0.46	0.46	1.37
Q2 2024	300.00	0.55	0.46	1.57

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	300.00	0.06	0.06	0.16
2019	300.00	0.08	0.08	0.24
2020	300.00	0.21	0.21	0.37
2021	300.00	0.27	0.27	0.53
2022	300.00	0.44	0.44	0.85
2023	300.00	0.43	0.43	1.27

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q3 2022	-	-	-
Q4 2022	19.99	19.99	10.36
Q1 2023	22.72	22.72	11.15
Q2 2023	22.70	22.70	10.08
Q3 2023	23.44	23.44	9.70
Q4 2023	26.84	26.84	9.64
Q1 2024	36.24	36.24	12.19
Q2 2024	26.77	31.86	9.36

Period	P/E	Adjusted P/E	Price/book
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	19.99	19.99	10.36
2023	28.47	28.47	9.64

Business Segments (Million)

Compared With The

Period	Call Center services	Operation and maintenance services	Software licenses and development services (SWD)	Managed Business Services	Cybersecurity services
Q1 2021	59.70	32.88	31.74	-	-
Q2 2021	66.25	43.96	32.05	-	-
Q3 2021	81.06	51.21	28.57	-	-
Q4 2021	94.65	84.41	48.99	-	-
Q1 2022	85.92	66.78	40.79	-	-
Q2 2022	98.60	70.34	69.32	-	-
Q3 2022	86.61	76.19	44.57	-	-
Q4 2022	72.90	140.60	74.56	-	-
Q1 2023	66.50	80.42	78.15	-	-
Q2 2023	83.49	81.79	77.77	3.32	-
Q3 2023	76.75	83.30	99.26	11.01	-
Q4 2023	77.71	135.89	161.39	12.91	-
Q1 2024	74.88	68.66	59.07	12.51	4.37
Q2 2024	83.36	88.23	78.93	34.16	2.46

Period	Call Center services	Operation and maintenance services	Software licenses and development services (SWD)	Managed Business Services	Cybersecurity services
2019	107.41	114.94	75.75	-	-
2020	231.18	134.49	116.80	-	-
2021	301.67	212.47	141.34	-	-
2022	344.02	353.91	229.24	-	-
2023	304.46	381.40	416.57	27.24	-

Analysts Estimates (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change‬
Average	34.80	58.77	68.89 %

Estimates vs Actual (Million)

Item	Q2 2024 (e)	Q2 2024 (a)	Change
Al Rajhi Capital	36.00	58.77	63.3 %
AlJazira Capital	33.60	58.77	74.9 %

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.

2P gains SAR 88.5M in H1 2024, SAR 58.8M in Q2

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Perfect Presentation for Commercial Services Co. (2P)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us

2P gains SAR 88.5M in H1 2024, SAR 58.8M in Q2

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Perfect Presentation for Commercial Services Co. (2P)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us

Business Segments (Million)