Qomel Co.’s net profit more than doubled to SAR 11 million in H1 2024, up from SAR 5.2 million in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 44.03 | 58.56 | 33.0 % |
| Net Income | 5.22 | 11.01 | 111.0 % |
| Average Shares | 3.00 | 3.13 | 4.3 % |
| EPS (Riyals) | 1.74 | 3.52 | 102.3 % |
The company attributed this growth to higher revenues, which rose by SAR 14.5 million or 32.9% year-on-year (YoY) to SAR 58.56, primarily due to higher sales and the addition of newly registered products.
Additionally, operating profit improved due to increased sales of high-margin products, revenue from new products with favorable profit margins, an enhanced gross profit margin, and reduced financing costs compared to the year-ago period.
Total shareholders’ equity, no minority interest, jumped to SAR 94.10 million as of June 30, 2024, from SAR 37.85 million a year earlier.
|
Interim Data History |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2022 |
39.77 |
6.55 |
2.18 |
|
H2 2022 |
37.95 |
6.15 |
2.05 |
|
H1 2023 |
44.03 |
5.22 |
1.74 |
|
H2 2023 |
61.44 |
12.37 |
4.12 |
|
H1 2024 |
58.56 |
11.01 |
3.52 |
| 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 | - | - | - | - | - | - |
| Q1 2019 | - | - | - | - | - | - |
| Q2 2019 | - | - | - | - | - | - |
| Q3 2019 | - | - | - | - | - | - |
| Q4 2019 | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - |
| Q1 2020 | - | - | - | - | - | - |
| Q2 2020 | - | - | - | - | - | - |
| Q3 2020 | - | - | - | - | - | - |
| Q4 2020 | - | - | - | - | - | - |
| 2020 | - | - | - | - | - | - |
| Q1 2021 | - | - | - | - | - | - |
| Q2 2021 | - | - | - | - | - | - |
| Q3 2021 | - | - | - | - | - | - |
| Q4 2021 | - | - | - | - | - | - |
| 2021 | 61.23 | - | 17.24 | - | 8.32 | - |
| Q1 2022 | - | - | - | - | - | - |
| Q2 2022 | - | - | - | - | - | - |
| Q3 2022 | - | - | - | - | - | - |
| Q4 2022 | - | - | - | - | - | - |
| 2022 | 77.72 | 26.9 % | 25.74 | 49.3 % | 15.06 | 81.1 % |
| Q1 2023 | - | - | - | - | - | - |
| Q2 2023 | - | - | - | - | - | - |
| Q3 2023 | - | - | - | - | - | - |
| Q4 2023 | - | - | - | - | - | - |
| 2023 | 105.47 | 35.7 % | 32.67 | 26.9 % | 20.62 | 36.9 % |
| Q1 2024 | - | - | - | - | - | - |
| Q2 2024 | - | - | - | - | - | - |
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| 2014 | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - |
| 2020 | - | - | - | - | - | - |
| 2021 | 61.23 | - | 17.24 | - | 8.32 | - |
| 2022 | 77.72 | 26.9 % | 25.74 | 49.3 % | 15.06 | 81.1 % |
| 2023 | 105.47 | 35.7 % | 32.67 | 26.9 % | 20.62 | 36.9 % |
| 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 | - | - | - | - | - | - |
| Q1 2019 | - | - | - | - | - | - |
| Q2 2019 | - | - | - | - | - | - |
| Q3 2019 | - | - | - | - | - | - |
| Q4 2019 | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - |
| Q1 2020 | - | - | - | - | - | - |
| Q2 2020 | - | - | - | - | - | - |
| Q3 2020 | - | - | - | - | - | - |
| Q4 2020 | - | - | - | - | - | - |
| 2020 | - | - | - | - | - | - |
| Q1 2021 | - | - | - | - | - | - |
| Q2 2021 | - | - | - | - | - | - |
| Q3 2021 | - | - | - | - | - | - |
| Q4 2021 | - | - | - | - | - | - |
| 2021 | 6.13 | - | 2.04 | - | 6.13 | 2.04 |
| Q1 2022 | - | - | - | - | - | - |
| Q2 2022 | - | - | - | - | - | - |
| Q3 2022 | - | - | - | - | - | - |
| Q4 2022 | - | - | - | - | - | - |
| 2022 | 12.70 | 107.2 % | 4.23 | - | 12.70 | 4.23 |
| Q1 2023 | - | - | - | - | - | - |
| Q2 2023 | - | - | - | - | - | - |
| Q3 2023 | - | - | - | - | - | - |
| Q4 2023 | - | - | - | - | - | - |
| 2023 | 17.59 | 38.6 % | 5.86 | - | 17.59 | 5.86 |
| Q1 2024 | - | - | - | - | - | - |
| Q2 2024 | - | - | - | - | - | - |
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| 2014 | - | - | - | - | - | - |
| 2015 | - | - | - | - | - | - |
| 2016 | - | - | - | - | - | - |
| 2017 | - | - | - | - | - | - |
| 2018 | - | - | - | - | - | - |
| 2019 | - | - | - | - | - | - |
| 2020 | - | - | - | - | - | - |
| 2021 | 6.13 | - | 2.04 | - | 6.13 | 2.04 |
| 2022 | 12.70 | 107.2 % | 4.23 | - | 12.70 | 4.23 |
| 2023 | 17.59 | 38.6 % | 5.86 | - | 17.59 | 5.86 |
| 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 | - | - | - |
| Q1 2019 | - | - | - |
| Q2 2019 | - | - | - |
| Q3 2019 | - | - | - |
| Q4 2019 | - | - | - |
| 2019 | - | - | - |
| Q1 2020 | - | - | - |
| Q2 2020 | - | - | - |
| Q3 2020 | - | - | - |
| Q4 2020 | - | - | - |
| 2020 | - | - | - |
| Q1 2021 | - | - | - |
| Q2 2021 | - | - | - |
| Q3 2021 | - | - | - |
| Q4 2021 | - | - | - |
| 2021 | 28.15 % | 13.75 % | 10.01 % |
| Q1 2022 | - | - | - |
| Q2 2022 | - | - | - |
| Q3 2022 | - | - | - |
| Q4 2022 | - | - | - |
| 2022 | 33.12 % | 19.51 % | 16.34 % |
| Q1 2023 | - | - | - |
| Q2 2023 | - | - | - |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| 2023 | 30.97 % | 19.68 % | 16.68 % |
| Q1 2024 | - | - | - |
| Q2 2024 | - | - | - |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | - | - | - |
| 2021 | 28.15 % | 13.75 % | 10.01 % |
| 2022 | 33.12 % | 19.51 % | 16.34 % |
| 2023 | 30.97 % | 19.68 % | 16.68 % |
| 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 | - | - | - |
| Q2 2021 | - | - | - |
| Q3 2021 | - | - | - |
| Q4 2021 | - | - | - |
| Q1 2022 | - | - | - |
| Q2 2022 | - | - | - |
| Q3 2022 | - | - | - |
| Q4 2022 | - | - | - |
| Q1 2023 | - | - | - |
| Q2 2023 | - | - | - |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| Q1 2024 | - | - | - |
| Q2 2024 | - | - | - |
| 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 | - | - | - | - |
| Q2 2021 | - | - | - | - |
| Q3 2021 | - | - | - | - |
| Q4 2021 | - | - | - | - |
| Q1 2022 | - | - | - | - |
| Q2 2022 | - | - | - | - |
| Q3 2022 | - | - | - | - |
| Q4 2022 | - | - | - | - |
| Q1 2023 | - | - | - | - |
| Q2 2023 | - | - | - | - |
| Q3 2023 | - | - | - | - |
| Q4 2023 | - | - | - | - |
| Q1 2024 | - | - | - | - |
| Q2 2024 | - | - | - | - |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2014 | - | - | - | - |
| 2015 | - | - | - | - |
| 2016 | - | - | - | - |
| 2017 | - | - | - | - |
| 2018 | - | - | - | - |
| 2019 | - | - | - | - |
| 2020 | - | - | - | - |
| 2021 | 3.00 | 2.04 | 2.04 | 8.65 |
| 2022 | 3.00 | 4.23 | 4.23 | 10.88 |
| 2023 | 3.00 | 5.86 | 5.86 | 15.17 |
| 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 | - | - | - |
| Q1 2023 | - | - | - |
| Q2 2023 | - | - | - |
| Q3 2023 | - | - | - |
| Q4 2023 | - | - | - |
| Q1 2024 | - | - | - |
| Q2 2024 | - | - | - |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | - | - | - |
| 2017 | - | - | - |
| 2018 | - | - | - |
| 2019 | - | - | - |
| 2020 | - | - | - |
| 2021 | - | - | - |
| 2022 | - | - | - |
| 2023 | - | - | - |
| Current | |
| Market Cap (M Riyal) | 332.50 |
| Enterprise Value (EV) (M) | 341.34 |
| Shares Outstanding ((M)) | 3.50 |
| Book Value (BV) ( Riyal) | 15.17 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 18.90 |
| Price/book | 7.31 |
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