Arab Sea Information System net profit surges in 9M 2018

27/11/2018 Argaam Exclusive

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Share Price

Arab Sea Information Systems Co.
7.07
(0.07) (0.98 %)

Arab Sea Information System Co. reported a net profit of SAR 3 million for the first nine months of 2018, increasing almost fourfold from a year earlier, on lower cost of revenue.



Financials (M)

Item 9m 2017 9m 2018 Change‬
Revenues 32.86 29.65 (9.8 %)
Gross Income 10.57 16.12 52.5 %
Operating Income 0.88 4.56 417.1 %
Net Income 0.61 3.04 396.9 %
Average Shares 100.00 100.00 -
EPS (Riyals) 0.01 0.03 396.9 %

The company turned to net profit of SAR 1.12 million in Q3 compared to a net loss of SAR 845,186 a year earlier on higher revenue and lower cost.

 

When compared to the previous quarter, net profit rose 10.7 percent on lower cost.



Current Quarter Comparison (M)

Compared With The
Item Q3 2017 Q3 2018 Change‬
Revenues 7.78 9.64 23.9 %
Gross Income 2.11 5.86 177.9 %
Operating Income (0.75) 1.74 332.5 %
Net Income (0.85) 1.12 232.7 %
Average Shares 100.00 100.00 -
EPS (Riyals) (0.01) 0.01 232.7 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2009 - - - - - - -
Q2 2009 - - - - - - -
Q3 2009 - - - - - - -
Q4 2009 - - - - - - -
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 13.97 - 7.92 - 2.77 - 0.03
Q1 2016 12.58 - 2.96 - (0.73) - (0.01)
Q2 2016 11.31 - 3.46 - (0.37) - 0.00
Q3 2016 13.08 - 8.60 - 5.67 - 0.06
Q4 2016 14.97 7.2 % 5.53 (30.2 %) 0.72 (74.2 %) 0.01
Q1 2017 13.46 7.0 % 4.45 50.1 % 0.67 191.9 % 0.01
Q2 2017 11.63 2.9 % 4.02 16.2 % 0.79 313.2 % 0.01
Q3 2017 7.78 (40.5 %) 2.11 (75.5 %) (0.85) (114.9 %) (0.01)
Q4 2017 16.54 10.5 % 6.61 19.6 % (28.60) (4094.0 %) (0.29)
Q1 2018 10.12 (24.8 %) 5.38 21.1 % 0.90 35.4 % 0.01
Q2 2018 9.90 (14.8 %) 4.88 21.4 % 1.01 28.4 % 0.01
Q3 2018 9.64 23.9 % 5.86 177.9 % 1.12 232.7 % 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 45.04 % 34.66 % 14.43 %
Q4 2016 39.57 % 30.62 % 10.19 %
Q1 2017 41.71 % 33.18 % 12.66 %
Q2 2017 42.51 % 35.91 % 14.76 %
Q3 2017 33.66 % 26.10 % 2.77 %
Q4 2017 34.78 % 30.93 % 6.90 %
Q1 2018 39.34 % 34.23 % 8.72 %
Q2 2018 42.81 % 37.50 % 11.28 %
Q3 2018 49.21 % 41.51 % 17.37 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2009 - - - -
Q2 2009 - - - -
Q3 2009 - - - -
Q4 2009 - - - -
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 100.00 - - 1.83
Q1 2016 100.00 - - 1.82
Q2 2016 100.00 - - 1.82
Q3 2016 100.00 0.07 0.07 1.88
Q4 2016 100.00 0.05 0.05 1.88
Q1 2017 100.00 0.07 0.07 1.89
Q2 2017 100.00 0.08 0.08 1.90
Q3 2017 100.00 0.01 0.01 1.89
Q4 2017 100.00 (0.28) 0.03 1.48
Q1 2018 100.00 (0.28) 0.04 1.62
Q2 2018 100.00 (0.28) 0.05 1.58
Q3 2018 100.00 (0.26) 0.08 1.59

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 26.45 26.45 0.94
Q2 2017 18.20 18.20 0.75
Q3 2017 More than 50 More than 50 0.65
Q4 2017 NEG 35.44 0.81
Q1 2018 NEG 28.39 0.71
Q2 2018 NEG 22.16 0.70
Q3 2018 NEG 12.41 0.63

Business Segments (Million)

Compared With The
Period Licenses in use of software and hardware Maintenance services and technical support


Financial Ratios
Current
Market Cap (M Riyal) 707.00
Enterprise Value (EV) (M) 703.33
Shares Outstanding ((M)) 100.00
Book Value (BV) ( Riyal) 1.27
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
Price/book 5.56
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