United International H1 2024 net profit down 4% to SAR 99.2M

21/10/2024 Argaam Exclusive

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United International Holding Co., which is in the process of listing its shares on TASI, posted a net profit of SAR 99.2 million for H1 2024, a decline of 4% year-on-year (YoY) from SAR 103.7 million.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Net income from finance commissions	221.90	251.58	13.4 %
Net Income	103.74	99.18	(4.4 %)
Average Shares	25.00	25.00	-
EPS (Riyals)	4.15	3.97	(4.4 %)

The profit decline was attributed to lower Murabaha finance revenues, a rise in financing costs, as well as an increase in general and marketing expenses during the six-month period.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬

Item	Q1 2024	Q2 2024	Change‬
Net income from finance commissions	121.04	130.54	7.8 %
Net Income	52.35	46.82	(10.6 %)
Average Shares	25.00	25.00	-
EPS (Riyals)	2.09	1.87	(10.6 %)

Shareholders' equity (no minority rights) amounted to SAR 989.86 million by the end of H1 2024, compared to SAR 782.15 million in the same period a year earlier.

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	-	-	-	-	-	-
Q1 2019	-	-	-	-	-	-
Q2 2019	-	-	-	-	-	-
Q3 2019	-	-	-	-	-	-
Q4 2019	-	-	-	-	-	-
2019	-	-	-	-	-	-
Q1 2020	-	-	-	-	-	-
Q2 2020	-	-	-	-	-	-
Q3 2020	-	-	-	-	-	-
Q4 2020	-	-	-	-	-	-
2020	22.16	-	0.89	-	22.16	0.89
Q1 2021	-	-	-	-	-	-
Q2 2021	-	-	-	-	-	-
Q3 2021	-	-	-	-	-	-
Q4 2021	-	-	-	-	-	-
2021	129.63	484.9 %	5.19	-	129.63	5.19
Q1 2022	-	-	-	-	-	-
Q2 2022	-	-	-	-	-	-
Q3 2022	-	-	-	-	-	-
Q4 2022	-	-	-	-	-	-
2022	192.75	48.7 %	7.71	-	192.75	7.71
Q1 2023	-	-	-	-	-	-
Q2 2023	-	-	-	-	-	-
Q3 2023	53.07	-	2.12	-	53.07	2.12
Q4 2023	55.35	-	2.21	-	55.35	2.21
2023	212.16	10.1 %	8.49	-	212.16	8.49
Q1 2024	52.35	-	2.09	-	52.35	2.09
Q2 2024	46.82	-	1.87	-	46.82	1.87

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	22.16	-	0.89	-	22.16	0.89
2021	129.63	484.9 %	5.19	-	129.63	5.19
2022	192.75	48.7 %	7.71	-	192.75	7.71
2023	212.16	10.1 %	8.49	-	212.16	8.49

Financial results (Million)

Period	Commission income from finance and investments	Change	Net income from finance commissions	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	130.63	-	125.25	-
Q1 2021	-	-	-	-
Q2 2021	-	-	-	-
Q3 2021	-	-	-	-
Q4 2021	-	-	-	-
2021	300.90	130.3 %	289.68	131.3 %
Q1 2022	-	-	-	-
Q2 2022	-	-	-	-
Q3 2022	-	-	-	-
Q4 2022	-	-	-	-
2022	416.96	38.6 %	389.18	34.3 %
Q1 2023	-	-	-	-
Q2 2023	-	-	-	-
Q3 2023	132.26	-	115.38	-
Q4 2023	383.21	-	123.34	-
2023	523.85	25.6 %	460.61	18.4 %
Q1 2024	139.44	-	121.04	-
Q2 2024	149.82	-	130.54	-

Period	Commission income from finance and investments	Change	Net income from finance commissions	Change
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	-	-	-	-
2020	130.63	-	125.25	-
2021	300.90	130.3 %	289.68	131.3 %
2022	416.96	38.6 %	389.18	34.3 %
2023	523.85	25.6 %	460.61	18.4 %

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
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	-	-	16.97 %
Q1 2021	-	-	-
Q2 2021	-	-	-
Q3 2021	-	-	-
Q4 2021	-	-	-
2021	12.62 %	30.82 %	43.08 %
Q1 2022	-	-	-
Q2 2022	-	-	-
Q3 2022	-	-	-
Q4 2022	-	-	-
2022	13.36 %	33.12 %	46.23 %
Q1 2023	-	-	-
Q2 2023	-	-	-
Q3 2023	-	-	-
Q4 2023	-	-	-
2023	11.92 %	27.04 %	40.50 %
Q1 2024	-	-	-
Q2 2024	-	-	36.93 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	16.97 %
2021	12.62 %	30.82 %	43.08 %
2022	13.36 %	33.12 %	46.23 %
2023	11.92 %	27.04 %	40.50 %

Balance Sheet (B)

Period	Assets	Change	Net Finance Investments	Change
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	1.94	-	1.87	-
Q4 2023	1.94	-	1.87	-
Q1 2024	-	-	-	-
Q2 2024	2.19	-	2.10	-

Period	Assets	Change	Net Finance Investments	Change
3m 2015	-	-	-	-
6m 2015	-	-	-	-
9m 2015	-	-	-	-
12m 2015	-	-	-	-
3m 2016	-	-	-	-
6m 2016	-	-	-	-
9m 2016	-	-	-	-
12m 2016	-	-	-	-
3m 2017	-	-	-	-
6m 2017	-	-	-	-
9m 2017	-	-	-	-
12m 2017	-	-	-	-
3m 2018	-	-	-	-
6m 2018	-	-	-	-
9m 2018	-	-	-	-
12m 2018	-	-	-	-
3m 2019	-	-	-	-
6m 2019	-	-	-	-
9m 2019	-	-	-	-
12m 2019	-	-	-	-
3m 2020	-	-	-	-
6m 2020	-	-	-	-
9m 2020	-	-	-	-
12m 2020	0.79	-	0.70	-
3m 2021	-	-	-	-
6m 2021	-	-	-	-
9m 2021	-	-	-	-
12m 2021	1.26	60.0 %	1.19	68.7 %
3m 2022	-	-	-	-
6m 2022	-	-	-	-
9m 2022	-	-	-	-
12m 2022	1.62	28.3 %	1.55	31.1 %
3m 2023	-	-	-	-
6m 2023	-	-	-	-
9m 2023	1.94	-	1.87	-
12m 2023	1.94	19.5 %	1.87	20.1 %
3m 2024	-	-	-	-
6m 2024	2.19	-	2.10	-

Period	Assets	Change	Net Finance Investments	Change
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	-	-	-	-
2020	0.79	-	0.70	-
2021	1.26	60.0 %	1.19	68.7 %
2022	1.62	28.3 %	1.55	31.1 %
2023	1.94	19.5 %	1.87	20.1 %

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	-	-	-	-
Q2 2021	-	-	-	-
Q3 2021	-	-	-	-
Q4 2021	-	-	-	-
Q1 2022	-	-	-	-
Q2 2022	-	-	-	-
Q3 2022	-	-	-	-
Q4 2022	-	-	-	-
Q1 2023	-	-	-	-
Q2 2023	-	-	-	-
Q3 2023	25.00	-	-	-
Q4 2023	25.00	-	-	35.63
Q1 2024	25.00	-	-	-
Q2 2024	25.00	8.30	8.30	39.59

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	-	-	-	-
2020	25.00	0.89	0.89	14.23
2021	25.00	5.19	5.19	19.42
2022	25.00	7.71	7.71	27.14
2023	25.00	8.49	8.49	35.63

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	-	-	-
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	-	-	-

Financial Ratios

	Current
Market Cap (M)	4,175.00
Shares Outstanding ((M))	25.00
EPS ( Riyal) (TTM)	8.54
Book Value (BV) ( Riyal)	41.95
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	19.56
P/E (TTM)	19.56
Price/book	3.98
Return on Average Assets (%) (TTM)	-
Return on Average Equity (%) (TTM)	22.7

United International Holding Co. (UIHC)

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United International H1 2024 net profit down 4% to SAR 99.2M

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Financials (M)

Current Quarter Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

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

Share Price

United International Holding Co. (UIHC)

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United International H1 2024 net profit down 4% to SAR 99.2M

View other reports

Financials (M)

Current Quarter Comparison (M)

Profit Performance (Million)

Profit Performance (Million)

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

Share Price

United International Holding Co. (UIHC)

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