Ehtihad Atheeb Telecommunications Company (GO), which provides homeland telephone services, reported a net loss of SAR 22.5 million for the nine months ended Dec. 31, 2014, compared to a net loss of SAR 179.8 for the same period in 2013.
A net loss of SAR 47.7 million was reported for Q3 ended Dec. 31, 2014 compared to SAR 35.3 million for Q2 ended Sep. 30, 2014.
| Item | 9m 2013 | 9m 2014 | Change |
|---|---|---|---|
| Revenues | 176.84 | 173.67 | (1.8 %) |
| Gross Income | 28.31 | 19.19 | (32.2 %) |
| Operating Income | (195.21) | (228.58) | (17.1 %) |
| Net Income | (179.82) | (22.52) | 87.5 % |
| Average Shares | 29.62 | 29.62 | - |
| EPS (Riyals) | (6.07) | (0.76) | 87.5 % |
The company attributed the decline of the nine months period’s net loss compared to the same period of 2013, to the increase of other revenue realized on the sale of a building and revenue realized from signing marketing agreement with Saudi Telecommunications Company (STC) in addition to selling international calls cards in Q1.
The decline of Q3’s net loss compared to the corresponding period in 2013 was attributed to revenue realized from signing marketing agreement with Saudi Telecommunications Company (STC) in addition to selling international calls cards in the current quarter.
The increase of Q3’s net loss compared to the previous period period (Q2) was attributed to the decline of other revenue related to selling international calls cards and the increase of technical consultancy costs, interconnection expenses and provisions related to employees’ expenses.
| Item | Q3 2013 | Q3 2014 | Change |
|---|---|---|---|
| Revenues | 63.76 | 60.48 | (5.1 %) |
| Gross Income | 7.89 | 8.79 | 11.5 % |
| Operating Income | (67.24) | (80.18) | (19.2 %) |
| Net Income | (67.60) | (47.67) | 29.5 % |
| Average Shares | 29.62 | 29.62 | - |
| EPS (Riyals) | (2.28) | (1.61) | 29.5 % |
| Item | Q2 2014 | Q3 2014 | Change |
|---|---|---|---|
| Revenues | 51.21 | 60.48 | 18.1 % |
| Gross Income | 4.24 | 8.79 | 107.5 % |
| Operating Income | (78.43) | (80.18) | (2.2 %) |
| Net Income | (35.28) | (47.67) | (35.1 %) |
| Average Shares | 29.62 | 29.62 | - |
| EPS (Riyals) | (1.19) | (1.61) | (35.1 %) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2005 | - | - | - | - | - | - | - |
| Q2 2005 | - | - | - | - | - | - | - |
| Q3 2005 | - | - | - | - | - | - | - |
| Q4 2005 | - | - | - | - | - | - | - |
| 2005 | - | - | - | - | - | - | - |
| Q1 2006 | - | - | - | - | - | - | - |
| Q2 2006 | - | - | - | - | - | - | - |
| Q3 2006 | - | - | - | - | - | - | - |
| Q4 2006 | - | - | - | - | - | - | - |
| 2006 | - | - | - | - | - | - | - |
| Q1 2007 | - | - | - | - | - | - | - |
| Q2 2007 | - | - | - | - | - | - | - |
| Q3 2007 | - | - | - | - | - | - | - |
| Q4 2007 | - | - | - | - | - | - | - |
| 2007 | - | - | - | - | - | - | - |
| Q1 2008 | - | - | - | - | - | - | - |
| Q2 2008 | - | - | - | - | - | - | - |
| Q3 2008 | - | - | - | - | - | - | - |
| Q4 2008 | - | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - | - |
| Q1 2009 | - | - | - | - | (33.80) | - | (5.47) |
| Q2 2009 | - | - | - | - | (47.60) | - | (7.70) |
| Q3 2009 | - | - | (2.10) | - | (66.85) | - | (10.81) |
| Q4 2009 | 35.44 | - | (47.41) | - | (230.80) | - | (37.32) |
| 2009 | 35.44 | - | (49.51) | - | (379.04) | - | (61.30) |
| Q1 2010 | 42.23 | - | (38.63) | - | (160.81) | (375.8 %) | (26.00) |
| Q2 2010 | 46.81 | - | (35.29) | - | (146.35) | (207.5 %) | (23.67) |
| Q3 2010 | 48.15 | - | (33.09) | (1,475.9 %) | (145.88) | (118.2 %) | (23.59) |
| Q4 2010 | 49.38 | 39.3 % | (16.21) | 65.8 % | (122.10) | 47.1 % | (19.75) |
| 2010 | 186.57 | 426.4 % | (123.22) | (148.9 %) | (575.13) | (51.7 %) | (93.01) |
| Q1 2011 | 60.27 | 42.7 % | 0.32 | 100.8 % | (98.81) | 38.6 % | (15.98) |
| Q2 2011 | 58.39 | 24.7 % | 3.62 | 110.3 % | (85.39) | 41.7 % | (13.81) |
| Q3 2011 | 61.32 | 27.4 % | 12.59 | 138.1 % | 205.96 | 241.2 % | 33.31 |
| Q4 2011 | 66.92 | 35.5 % | 19.69 | 221.4 % | (68.23) | 44.1 % | (11.03) |
| 2011 | 246.90 | 32.3 % | 36.23 | 129.4 % | (46.47) | 91.9 % | (7.51) |
| Q1 2012 | 68.58 | 13.8 % | 11.02 | 3321.4 % | (79.42) | 19.6 % | (2.68) |
| Q2 2012 | 67.84 | 16.2 % | 12.71 | 250.9 % | (78.91) | 7.6 % | (2.66) |
| Q3 2012 | 69.65 | 13.6 % | 12.68 | 0.7 % | (84.41) | (141.0 %) | (2.85) |
| Q4 2012 | 60.43 | (9.7 %) | 13.41 | (31.9 %) | (36.35) | 46.7 % | (1.23) |
| 2012 | 266.48 | 7.9 % | 49.82 | 37.5 % | (279.08) | (500.6 %) | (9.42) |
| Q1 2013 | 58.09 | (15.3 %) | 9.96 | (9.6 %) | (68.97) | 13.2 % | (2.33) |
| Q2 2013 | 54.99 | (18.9 %) | 10.47 | (17.6 %) | (43.25) | 45.2 % | (1.46) |
| Q3 2013 | 63.76 | (8.5 %) | 7.89 | (37.8 %) | (67.60) | 19.9 % | (2.28) |
| Q4 2013 | 57.70 | (4.5 %) | 4.12 | (69.3 %) | (69.46) | (91.1 %) | (2.34) |
| 2013 | 234.54 | (12.0 %) | 32.43 | (34.9 %) | (249.27) | 10.7 % | (8.41) |
| Q1 2014 | 61.99 | 6.7 % | 6.16 | (38.2 %) | 60.43 | 187.6 % | 2.04 |
| Q2 2014 | 51.21 | (6.9 %) | 4.24 | (59.5 %) | (35.28) | 18.4 % | (1.19) |
| Q3 2014 | 60.48 | (5.1 %) | 8.79 | 11.5 % | (47.67) | 29.5 % | (1.61) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2004 | - | - | - | - | - | - | - |
| 2005 | - | - | - | - | - | - | - |
| 2006 | - | - | - | - | - | - | - |
| 2007 | - | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - | - |
| 2009 | 35.44 | - | (49.51) | - | (379.04) | - | (61.30) |
| 2010 | 186.57 | 426.4 % | (123.22) | (148.9 %) | (575.13) | (51.7 %) | (93.01) |
| 2011 | 246.90 | 32.3 % | 36.23 | 129.4 % | (46.47) | 91.9 % | (7.51) |
| 2012 | 266.48 | 7.9 % | 49.82 | 37.5 % | (279.08) | (500.6 %) | (9.42) |
| 2013 | 234.54 | (12.0 %) | 32.43 | (34.9 %) | (249.27) | 10.7 % | (8.41) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2005 | - | - | - |
| Q2 2005 | - | - | - |
| Q3 2005 | - | - | - |
| Q4 2005 | - | - | - |
| 2005 | - | - | - |
| Q1 2006 | - | - | - |
| Q2 2006 | - | - | - |
| Q3 2006 | - | - | - |
| Q4 2006 | - | - | - |
| 2006 | - | - | - |
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| 2007 | - | - | - |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| 2009 | (139.70 %) | (872.62 %) | (1069.43 %) |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | (89.45 %) | (255.37 %) | (396.11 %) |
| Q4 2010 | (66.05 %) | (172.87 %) | (308.27 %) |
| 2010 | (66.05 %) | (172.87 %) | (308.27 %) |
| Q1 2011 | (41.19 %) | (123.81 %) | (250.80 %) |
| Q2 2011 | (20.98 %) | (88.36 %) | (209.16 %) |
| Q3 2011 | 0.14 % | (58.26 %) | (169.25 %) |
| Q4 2011 | 14.67 % | (37.34 %) | (135.41 %) |
| 2011 | 14.67 % | (37.34 %) | (135.41 %) |
| Q1 2012 | 18.38 % | (31.27 %) | (123.40 %) |
| Q2 2012 | 21.16 % | (30.03 %) | (116.55 %) |
| Q3 2012 | 20.55 % | (29.94 %) | (113.92 %) |
| Q4 2012 | 18.69 % | (31.24 %) | (104.73 %) |
| 2012 | 18.69 % | (31.24 %) | (104.73 %) |
| Q1 2013 | 19.05 % | (31.39 %) | (104.93 %) |
| Q2 2013 | 19.13 % | (28.40 %) | (103.43 %) |
| Q3 2013 | 17.59 % | (25.77 %) | (98.92 %) |
| Q4 2013 | 13.83 % | (28.77 %) | (114.18 %) |
| 2013 | 13.83 % | (28.77 %) | (114.18 %) |
| Q1 2014 | 12.01 % | (28.98 %) | (112.74 %) |
| Q2 2014 | 9.55 % | (36.85 %) | (116.94 %) |
| Q3 2014 | 10.07 % | (43.48 %) | (123.60 %) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2004 | - | - | - |
| 2005 | - | - | - |
| 2006 | - | - | - |
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | (139.70 %) | (872.62 %) | (1069.43 %) |
| 2010 | (66.05 %) | (172.87 %) | (308.27 %) |
| 2011 | 14.67 % | (37.34 %) | (135.41 %) |
| 2012 | 18.69 % | (31.24 %) | (104.73 %) |
| 2013 | 13.83 % | (28.77 %) | (114.18 %) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2005 | - | - | - |
| Q2 2005 | - | - | - |
| Q3 2005 | - | - | - |
| Q4 2005 | - | - | - |
| Q1 2006 | - | - | - |
| Q2 2006 | - | - | - |
| Q3 2006 | - | - | - |
| Q4 2006 | - | - | - |
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | (133.78 %) | (494.23 %) | (651.18 %) |
| Q1 2010 | (91.46 %) | (242.17 %) | (380.75 %) |
| Q2 2010 | (75.38 %) | (178.74 %) | (312.65 %) |
| Q3 2010 | (68.73 %) | (165.61 %) | (302.97 %) |
| Q4 2010 | (32.83 %) | (115.09 %) | (247.29 %) |
| Q1 2011 | 0.53 % | (54.90 %) | (163.95 %) |
| Q2 2011 | 6.20 % | (36.59 %) | (146.23 %) |
| Q3 2011 | 20.54 % | (36.43 %) | (133.56 %) |
| Q4 2011 | 29.42 % | (23.00 %) | (101.96 %) |
| Q1 2012 | 16.07 % | (30.20 %) | (115.81 %) |
| Q2 2012 | 18.74 % | (31.01 %) | (116.32 %) |
| Q3 2012 | 18.21 % | (35.32 %) | (121.20 %) |
| Q4 2012 | 22.20 % | (28.00 %) | (60.15 %) |
| Q1 2013 | 17.14 % | (30.65 %) | (118.72 %) |
| Q2 2013 | 19.04 % | (17.71 %) | (112.35 %) |
| Q3 2013 | 12.37 % | (26.15 %) | (106.03 %) |
| Q4 2013 | 7.14 % | (40.31 %) | (120.36 %) |
| Q1 2014 | 9.93 % | (31.36 %) | (112.88 %) |
| Q2 2014 | 8.28 % | (52.93 %) | (131.57 %) |
| Q3 2014 | 14.54 % | (50.94 %) | (130.91 %) |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2005 | - | - | - | - |
| Q2 2005 | - | - | - | - |
| Q3 2005 | - | - | - | - |
| Q4 2005 | - | - | - | - |
| Q1 2006 | - | - | - | - |
| Q2 2006 | - | - | - | - |
| Q3 2006 | - | - | - | - |
| Q4 2006 | - | - | - | - |
| Q1 2007 | - | - | - | - |
| Q2 2007 | - | - | - | - |
| Q3 2007 | - | - | - | - |
| Q4 2007 | - | - | - | - |
| Q1 2008 | - | - | - | - |
| Q2 2008 | - | - | - | - |
| Q3 2008 | - | - | - | - |
| Q4 2008 | - | - | - | - |
| Q1 2009 | 6.18 | - | - | 146.90 |
| Q2 2009 | 6.18 | - | - | 139.20 |
| Q3 2009 | 6.18 | - | - | 128.39 |
| Q4 2009 | 6.18 | (61.30) | (61.30) | 100.43 |
| Q1 2010 | 6.18 | (81.84) | (81.84) | 74.42 |
| Q2 2010 | 6.18 | (97.80) | (97.80) | 50.75 |
| Q3 2010 | 6.18 | (110.59) | (110.59) | 27.16 |
| Q4 2010 | 6.18 | (93.01) | (93.01) | 7.41 |
| Q1 2011 | 6.18 | (82.98) | (82.98) | (8.57) |
| Q2 2011 | 6.18 | (73.12) | (73.12) | (22.38) |
| Q3 2011 | 6.18 | (16.23) | (62.78) | 10.93 |
| Q4 2011 | 6.18 | (7.51) | (54.06) | (0.10) |
| Q1 2012 | 29.62 | (0.91) | (10.63) | 36.96 |
| Q2 2012 | 29.62 | (0.70) | (10.41) | 34.30 |
| Q3 2012 | 29.62 | (10.50) | (10.50) | 31.45 |
| Q4 2012 | 29.62 | (9.42) | (9.42) | 31.60 |
| Q1 2013 | 29.62 | (9.07) | (9.07) | 29.27 |
| Q2 2013 | 29.62 | (7.86) | (8.49) | 27.81 |
| Q3 2013 | 29.62 | (7.30) | (7.92) | 25.53 |
| Q4 2013 | 29.62 | (8.41) | (9.04) | 23.18 |
| Q1 2014 | 29.62 | (4.05) | (9.07) | 25.22 |
| Q2 2014 | 29.62 | (3.78) | (9.26) | 24.03 |
| Q3 2014 | 29.62 | (3.10) | (9.65) | 22.42 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2004 | - | - | - | - |
| 2005 | - | - | - | - |
| 2006 | - | - | - | - |
| 2007 | - | - | - | - |
| 2008 | - | - | - | - |
| 2009 | 6.18 | (61.30) | (61.30) | 100.43 |
| 2010 | 6.18 | (93.01) | (93.01) | 7.41 |
| 2011 | 6.18 | (7.51) | (54.06) | (0.10) |
| 2012 | 29.62 | (9.42) | (9.42) | 31.60 |
| 2013 | 29.62 | (8.41) | (9.04) | 23.18 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2005 | - | - | - |
| Q2 2005 | - | - | - |
| Q3 2005 | - | - | - |
| Q4 2005 | - | - | - |
| Q1 2006 | - | - | - |
| Q2 2006 | - | - | - |
| Q3 2006 | - | - | - |
| Q4 2006 | - | - | - |
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | 4.50 |
| Q2 2009 | - | - | 5.79 |
| Q3 2009 | - | - | 6.53 |
| Q4 2009 | NEG | NEG | 7.49 |
| Q1 2010 | NEG | NEG | 10.86 |
| Q2 2010 | NEG | NEG | 13.68 |
| Q3 2010 | NEG | NEG | 25.91 |
| Q4 2010 | NEG | NEG | 95.88 |
| Q1 2011 | NEG | NEG | (36.99) |
| Q2 2011 | NEG | NEG | (16.14) |
| Q3 2011 | NEG | NEG | 33.03 |
| Q4 2011 | NEG | NEG | (3511.00) |
| Q1 2012 | NEG | NEG | 3.58 |
| Q2 2012 | NEG | NEG | 2.50 |
| Q3 2012 | NEG | NEG | 2.60 |
| Q4 2012 | NEG | NEG | 2.46 |
| Q1 2013 | NEG | NEG | 2.59 |
| Q2 2013 | NEG | NEG | 3.43 |
| Q3 2013 | NEG | NEG | 3.38 |
| Q4 2013 | NEG | NEG | 3.78 |
| Q1 2014 | NEG | NEG | 4.11 |
| Q2 2014 | NEG | NEG | 3.27 |
| Q3 2014 | NEG | NEG | 3.04 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2004 | - | - | - |
| 2005 | - | - | - |
| 2006 | - | - | - |
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | NEG | NEG | 7.49 |
| 2010 | NEG | NEG | 95.88 |
| 2011 | NEG | NEG | (3511.00) |
| 2012 | NEG | NEG | 2.46 |
| 2013 | NEG | NEG | 3.78 |
Q3 2014
2014
| Period | Data sector | Voice services |
|---|---|---|
| Q3 2013 | 41.86 | 21.89 |
| Q4 2013 | 40.03 | 17.68 |
| Q1 2014 | 38.61 | 23.37 |
| Q2 2014 | 36.49 | 14.72 |
| Q3 2014 | 34.52 | 25.96 |
| Period | Data sector | Voice services |
|---|---|---|
| 2013 | 168.97 | 65.58 |
| Current | |
| Market Cap (M Riyal) | 3,745.70 |
| Enterprise Value (EV) (M) | 3,601.22 |
| Shares Outstanding ((M)) | 33.99 |
| EPS ( Riyal) (TTM) | 6.96 |
| Book Value (BV) ( Riyal) | 9.88 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 20.32 |
| P/E (TTM) | 18.18 |
| Price/book | 12.80 |
| Return on Average Assets (%) (TTM) | 21.4 |
| Return on Average Equity (%) (TTM) | 108.6 |
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