Arab Sea net profit falls 86%in Q1 2019

10/06/2019 Argaam Exclusive

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Share Price

Arab Sea Information Systems Co.
7.06
0.11 1.58 %

Arab Sea Information Systems Co. reported a net profit after zakat and tax of SAR 127,838 for the first quarter of 2019, around an 86 percent year-on-year (YoY) decrease on lower revenue and higher cost of revenue.

The company turned to profit in Q1, compared to a net loss of SAR 26.5 million in the previous quarter, due to a 25 percent decrease in the cost of revenue.



Current Quarter Comparison (M)

Compared With The
Item Q1 2018 Q1 2019 Change‬
Revenues 10.12 8.97 (11.3 %)
Gross Income 5.38 3.94 (26.9 %)
Operating Income 1.09 0.00 (100.3 %)
Net Income 0.90 0.13 (85.8 %)
Average Shares 100.00 100.00 -
EPS (Riyals) 0.01 0.00 (85.8 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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
Q4 2018 11.23 (32.1 %) 8.77 32.7 % (23.38) 18.2 % (0.23)
Q1 2019 8.97 (11.3 %) 3.94 (26.9 %) 0.13 (85.8 %) 0.00

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
Q4 2018 60.89 % 51.54 % 24.98 %
Q1 2019 59.01 % 50.42 % 22.82 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
Q4 2018 100.00 (0.20) 0.10 1.28
Q1 2019 100.00 (0.21) 0.09 1.28

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 92.09 92.09 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
Q4 2018 NEG 12.04 0.96
Q1 2019 NEG 14.67 1.04

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) 706.00
Enterprise Value (EV) (M) 702.33
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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