Anaam posts H1 net profit at SAR 8.3 mln

14/07/2015 Argaam Exclusive

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Anaam International Holding Group (ANAAM HOLDING)

 

Anaam International Holding Group, a wholesaler and retailer of food products, reported a net profit of SAR 8.36 million in H1-2015, versus a net loss of SAR 9.31 million in the same period in 2014.

 

The improvement was attributed to higher earnings from the agricultural segment, lower losses of the food segment and a decline in the selling, general and administrative expenses. In addition, higher revenues from renting refrigerators to third parties boosted the bottom line.



Financials (M)

Item 6m 2014 6m 2015 Change‬
Revenues 57.46 42.90 (25.3 %)
Gross Income 4.67 15.17 224.8 %
Operating Income (9.79) 7.34 175.0 %
Net Income (9.31) 8.36 189.8 %
Average Shares 617.32 617.32 -
EPS (Halala) (1.51) 1.35 189.8 %

 

The Q2-2015 net profit stood at SAR 6.84 million, versus a net loss of SAR 1.77 million in the same period in 2014. When compared with the previous quarter, the profit for the period rose more than four times.



Current Quarter Comparison (M)

Compared With The
Item Q2 2014 Q2 2015 Change‬
Revenues 28.56 29.36 2.8 %
Gross Income 6.77 11.50 69.8 %
Operating Income (1.00) 7.38 838.6 %
Net Income (1.77) 6.84 485.9 %
Average Shares 617.32 617.32 -
EPS (Halala) (0.29) 1.11 485.9 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Halala)
Q1 2006 27.90 (51.6 %) (0.86) (116.5 %) (6.11) 24.7 % (1.00)
Q2 2006 24.79 (29.4 %) (3.05) (1630.7 %) (31.52) (880.9 %) (5.13)
Q3 2006 41.42 74.2 % (1.69) (423.8 %) 8.90 290.3 % 1.45
Q4 2006 26.04 (44.6 %) (5.51) 38.6 % (292.05) (1,359.9 %) (47.57)
Q1 2007 22.67 (18.8 %) 2.44 382.4 % (6.31) (3.2 %) (1.03)
Q2 2007 11.76 (52.6 %) 0.91 130.0 % 1.14 103.6 % 0.19
Q3 2007 23.77 (42.6 %) 4.20 348.5 % 1.84 (79.3 %) 0.30
Q4 2007 30.03 15.3 % 7.06 228.2 % 9.58 103.3 % 1.56
Q1 2008 20.14 (11.2 %) 2.70 10.7 % 4.46 170.7 % 0.73
Q2 2008 24.90 111.7 % 3.24 254.8 % 1.04 (9.3 %) 0.17
Q3 2008 30.50 28.3 % 5.09 21.2 % 0.72 (60.8 %) 0.12
Q4 2008 37.58 25.1 % 4.74 (32.8 %) (1.02) (110.6 %) (0.17)
Q1 2009 20.29 0.7 % 1.27 (52.9 %) (2.73) (161.2 %) (0.44)
Q2 2009 21.21 (14.8 %) 4.79 47.8 % 0.58 (44.6 %) 0.09
Q3 2009 18.90 (38.0 %) 4.63 (9.0 %) 0.92 28.2 % 0.15
Q4 2009 13.60 (63.8 %) 1.57 (67.0 %) (6.77) (566.2 %) (1.10)
Q1 2010 18.66 (8.0 %) 2.06 61.5 % 0.24 108.7 % 0.04
Q2 2010 31.84 50.1 % 4.20 (12.3 %) 4.90 752.9 % 0.80
Q3 2010 42.23 123.5 % 6.06 30.8 % 2.18 136.1 % 0.36
Q4 2010 56.98 319.0 % 9.26 491.6 % 3.95 158.3 % 0.64
Q1 2011 55.33 196.4 % 4.76 131.5 % 2.19 827.5 % 0.36
Q2 2011 61.65 93.6 % 6.55 56.1 % 1.13 (77.0 %) 0.18
Q3 2011 63.81 51.1 % 9.24 52.4 % 4.61 111.1 % 0.75
Q4 2011 44.65 (21.6 %) 3.49 (62.3 %) 4.00 1.2 % 0.65
Q1 2012 45.84 (17.1 %) 7.19 51.1 % 0.33 (85.1 %) 0.05
Q2 2012 51.56 (16.4 %) 9.43 44.0 % 1.70 50.7 % 0.28
Q3 2012 56.32 (11.7 %) 16.06 73.9 % 7.05 53.0 % 1.15
Q4 2012 43.71 (2.1 %) 5.54 58.6 % 0.27 (93.2 %) 0.04
Q1 2013 52.40 14.3 % 3.84 (46.7 %) (5.58) (1811.3 %) (0.90)
Q2 2013 52.74 2.3 % 5.32 (43.6 %) (7.91) (564.8 %) (1.28)
Q3 2013 57.71 2.5 % 2.87 (82.2 %) (7.53) (206.9 %) (1.22)
Q4 2013 29.20 (33.2 %) (12.89) (332.9 %) (11.57) (4354.8 %) (1.87)
Q1 2014 28.90 (44.8 %) (2.10) (154.7 %) (7.54) (35.1 %) (1.22)
Q2 2014 28.56 (45.9 %) 6.77 27.3 % (1.77) 77.6 % (0.29)
Q3 2014 32.03 (44.5 %) 2.62 (8.7 %) (2.59) 65.6 % (0.42)
Q4 2014 14.01 (52.0 %) 5.45 142.2 % (13.81) (19.4 %) (2.24)
Q1 2015 13.54 (53.1 %) 3.68 275.0 % 1.52 120.2 % 0.25
Q2 2015 29.36 2.8 % 11.50 69.8 % 6.84 485.9 % 1.11

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2006 (6.81 %) (17.28 %) (25.42 %)
Q2 2006 (10.00 %) (34.67 %) (50.47 %)
Q3 2006 (10.32 %) (32.66 %) (34.53 %)
Q4 2006 (9.24 %) (15.25 %) (36.14 %)
Q1 2007 (6.79 %) (13.84 %) (37.96 %)
Q2 2007 (3.77 %) 4.54 % (10.76 %)
Q3 2007 2.43 % 13.36 % (21.40 %)
Q4 2007 16.56 % 10.62 % 7.08 %
Q1 2008 17.35 % 12.01 % 19.86 %
Q2 2008 17.40 % 10.80 % 17.11 %
Q3 2008 17.14 % 11.23 % 14.96 %
Q4 2008 13.94 % 7.63 % 4.60 %
Q1 2009 12.66 % 6.40 % (1.75 %)
Q2 2009 14.50 % 7.99 % (2.23 %)
Q3 2009 15.75 % 8.01 % (2.29 %)
Q4 2009 16.56 % 8.64 % (10.81 %)
Q1 2010 18.02 % 8.76 % (6.96 %)
Q2 2010 15.00 % 6.87 % (0.85 %)
Q3 2010 13.05 % 6.79 % 0.52 %
Q4 2010 14.41 % 6.86 % 4.03 %
Q1 2011 13.03 % 6.36 % 4.29 %
Q2 2011 12.32 % 6.01 % 1.95 %
Q3 2011 12.54 % 5.84 % 2.79 %
Q4 2011 10.66 % 3.95 % 4.43 %
Q1 2012 12.25 % 4.79 % 3.76 %
Q2 2012 14.25 % 5.72 % 4.22 %
Q3 2012 18.23 % 8.59 % 5.61 %
Q4 2012 19.36 % 9.36 % 4.73 %
Q1 2013 17.09 % 6.69 % 1.69 %
Q2 2013 14.99 % 3.01 % (3.01 %)
Q3 2013 8.50 % (2.39 %) (10.04 %)
Q4 2013 (0.45 %) (17.40 %) (25.37 %)
Q1 2014 (4.04 %) (21.27 %) (30.07 %)
Q2 2014 (3.71 %) (16.08 %) (30.86 %)
Q3 2014 (4.72 %) (12.64 %) (33.37 %)
Q4 2014 12.30 % 32.58 % (10.37 %)
Q1 2015 21.00 % 46.94 % (1.89 %)
Q2 2015 26.13 % 60.05 % 7.81 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
Q1 2006 613.95 (5.54) (5.54) 0.90
Q2 2006 613.95 (10.15) (10.15) 0.64
Q3 2006 613.95 (7.94) (7.94) 0.65
Q4 2006 613.95 (52.25) (7.07) 0.18
Q1 2007 613.95 (52.28) (7.11) 0.17
Q2 2007 613.95 (46.96) (1.79) 0.17
Q3 2007 613.95 (48.11) (2.94) 0.17
Q4 2007 613.95 1.02 1.02 0.19
Q1 2008 613.95 2.77 2.77 0.19
Q2 2008 613.95 2.75 2.75 0.20
Q3 2008 613.95 2.57 2.57 0.20
Q4 2008 613.95 0.85 0.85 0.19
Q1 2009 613.95 (0.32) (0.32) 0.19
Q2 2009 613.95 (0.40) (0.40) 0.19
Q3 2009 613.95 (0.37) (0.37) 0.19
Q4 2009 613.95 (1.30) (1.30) 0.18
Q1 2010 613.95 (0.82) (0.82) 0.18
Q2 2010 613.95 (0.11) (0.11) 0.19
Q3 2010 613.95 0.09 0.09 0.19
Q4 2010 613.95 1.84 0.98 0.20
Q1 2011 613.95 2.15 1.30 0.20
Q2 2011 613.95 1.54 0.69 0.21
Q3 2011 613.95 1.93 1.08 0.21
Q4 2011 613.95 1.94 1.63 0.22
Q1 2012 613.95 1.64 1.32 0.22
Q2 2012 613.95 1.73 1.42 0.22
Q3 2012 613.95 2.13 1.81 0.23
Q4 2012 617.32 1.51 1.51 0.36
Q1 2013 617.32 0.56 0.56 0.35
Q2 2013 617.32 (1.00) (1.00) 0.34
Q3 2013 617.32 (3.36) (3.36) 0.33
Q4 2013 617.32 (5.28) (7.89) 0.31
Q1 2014 617.32 (5.60) (8.21) 0.30
Q2 2014 617.32 (4.60) (7.22) 0.29
Q3 2014 617.32 (3.80) (6.42) 0.29
Q4 2014 617.32 (4.17) (1.74) 0.27
Q1 2015 617.32 (2.70) (0.27) 0.26
Q2 2015 617.32 (1.30) 1.13 0.28

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2006 NEG NEG 8.17
Q2 2006 NEG NEG 21.27
Q3 2006 NEG NEG 21.28
Q4 2006 NEG NEG 34.89
Q1 2007 NEG NEG 30.94
Q2 2007 NEG NEG 30.68
Q3 2007 NEG NEG 30.12
Q4 2007 More than 50 More than 50 27.62
Q1 2008 More than 50 More than 50 7.61
Q2 2008 More than 50 More than 50 8.49
Q3 2008 40.47 40.47 5.26
Q4 2008 More than 50 More than 50 5.13
Q1 2009 NEG NEG 4.78
Q2 2009 NEG NEG 6.12
Q3 2009 NEG NEG 5.92
Q4 2009 NEG NEG 9.42
Q1 2010 NEG NEG 9.40
Q2 2010 NEG NEG 6.18
Q3 2010 More than 50 More than 50 5.95
Q4 2010 More than 50 More than 50 5.82
Q1 2011 More than 50 More than 50 6.07
Q2 2011 More than 50 More than 50 6.30
Q3 2011 More than 50 More than 50 8.14
Q4 2011 More than 50 More than 50 8.97
Q1 2012 More than 50 More than 50 9.79
Q2 2012 More than 50 More than 50 7.04
Q3 2012 More than 50 More than 50 10.14
Q4 2012 More than 50 More than 50 4.58
Q1 2013 More than 50 More than 50 5.11
Q2 2013 NEG NEG 4.74
Q3 2013 NEG NEG 4.49
Q4 2013 NEG NEG 4.99
Q1 2014 NEG NEG 5.48
Q2 2014 NEG NEG 6.26
Q3 2014 NEG NEG 6.52
Q4 2014 NEG NEG 4.79
Q1 2015 NEG NEG 4.95
Q2 2015 NEG More than 50 4.66

Business Segments (Million)

Compared With The
Period Head office and leasing and others Warehousing Agricultural activities

Current
Market Cap (M Riyal) 661.50
Enterprise Value (EV) (M) 796.41
Shares Outstanding ((M)) 630.00
EPS (Halala) (TTM) 2.14
Book Value (BV) ( Riyal) 0.46
Par Value ( Halala) 50.00
Adjusted P/E (Last12) 49.02
P/E (TTM) 49.02
Price/book 2.28
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 4.7

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