Saudi industrial posts higher net profit at SAR 20m in I1 of 2014

31/03/2014 Argaam Exclusive

View other reports

Share Price

Saudi Industrial Development Co. (SIDC)

Saudi Industrial Development Co., produces ceramics and spring mattresses, reported SAR 20m net profit at the end of the first quarter of 2014, compared to SAR 6.5m in the same period last year, as shown in the following table:

Current Quarter Comparison (M)

Compared With The

Item	Q1 2013	Q1 2014	Change‬
Revenues	79.81	75.07	(5.9 %)
Gross Income	23.39	22.35	(4.5 %)
Operating Income	6.84	3.50	(48.9 %)
Net Income	6.55	23.77	262.9 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.16	0.59	262.9 %

Item	Q4 2013	Q1 2014	Change‬
Revenues	68.72	75.07	9.3 %
Gross Income	21.26	22.35	5.1 %
Operating Income	2.98	3.50	17.5 %
Net Income	7.53	23.77	215.6 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.19	0.59	215.6 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2005	97.68	(10.5 %)	11.90	(42.6 %)	(3.99)	(2,259.8 %)	(0.10)
Q2 2005	108.38	19.7 %	12.09	(28.6 %)	(4.60)	(235.0 %)	(0.12)
Q3 2005	124.62	6.5 %	13.69	(42.9 %)	(5.80)	(96816.7 %)	(0.15)
Q4 2005	106.79	(3.8 %)	12.46	(41.1 %)	(14.37)	(1,043.9 %)	(0.36)
2005	437.46	2.3 %	50.14	(39.5 %)	(28.76)	(1545.9 %)	(0.72)
Q1 2006	97.20	(0.5 %)	10.39	(12.7 %)	(5.48)	(37.3 %)	(0.14)
Q2 2006	109.04	0.6 %	18.74	54.9 %	(2.50)	45.6 %	(0.06)
Q3 2006	117.30	(5.9 %)	18.01	31.5 %	(1.60)	72.4 %	(0.04)
Q4 2006	106.73	(0.1 %)	12.27	(1.5 %)	(9.64)	32.9 %	(0.24)
2006	430.27	(1.6 %)	59.40	18.5 %	(19.22)	33.2 %	(0.48)
Q1 2007	110.02	13.2 %	12.12	16.7 %	(3.93)	28.2 %	(0.10)
Q2 2007	82.57	(24.3 %)	14.73	(21.4 %)	(2.73)	(9.3 %)	(0.07)
Q3 2007	71.01	(39.5 %)	10.59	(41.2 %)	(3.30)	(105.5 %)	(0.08)
Q4 2007	59.82	(43.9 %)	15.93	29.9 %	21.73	325.5 %	0.54
2007	231.67	(46.2 %)	56.16	(5.5 %)	11.77	161.3 %	0.29
Q1 2008	55.14	(49.9 %)	11.22	(7.5 %)	(1.25)	68.3 %	(0.03)
Q2 2008	66.14	(19.9 %)	13.12	(10.9 %)	(3.09)	(13.2 %)	(0.08)
Q3 2008	72.26	1.8 %	10.43	(1.5 %)	(4.90)	(48.5 %)	(0.12)
Q4 2008	56.80	(5.1 %)	12.16	(23.7 %)	3.71	(82.9 %)	0.09
2008	250.34	8.1 %	46.93	(16.4 %)	(5.52)	(146.9 %)	(0.14)
Q1 2009	51.84	(6.0 %)	6.99	(37.7 %)	(2.75)	(120.9 %)	(0.07)
Q2 2009	58.02	(12.3 %)	12.36	(5.9 %)	0.97	131.5 %	0.02
Q3 2009	60.79	(15.9 %)	13.07	25.3 %	0.13	102.7 %	0.00
Q4 2009	51.76	(8.9 %)	15.85	30.4 %	(1.83)	(149.2 %)	(0.05)
2009	222.42	(11.2 %)	48.26	2.8 %	(3.47)	37.1 %	(0.09)
Q1 2010	52.62	1.5 %	12.19	74.5 %	0.14	105.0 %	0.00
Q2 2010	60.51	4.3 %	14.47	17.2 %	101.10	10279.5 %	2.53
Q3 2010	64.95	6.8 %	17.70	35.5 %	9.73	7328.2 %	0.24
Q4 2010	54.02	4.4 %	11.01	(30.6 %)	(10.36)	(466.7 %)	(0.26)
2010	232.10	4.4 %	55.37	14.7 %	100.61	2996.8 %	2.52
Q1 2011	64.36	22.3 %	15.94	30.8 %	4.26	3008.8 %	0.11
Q2 2011	80.50	33.0 %	18.57	28.3 %	5.67	(94.4 %)	0.14
Q3 2011	82.51	27.0 %	26.05	47.1 %	12.09	24.3 %	0.30
Q4 2011	73.15	35.4 %	17.98	63.4 %	2.60	125.1 %	0.07
2011	300.52	29.5 %	78.54	41.8 %	24.62	(75.5 %)	0.62
Q1 2012	75.20	16.8 %	23.07	44.7 %	9.15	114.8 %	0.23
Q2 2012	81.73	1.5 %	25.04	34.8 %	10.54	85.9 %	0.26
Q3 2012	84.68	2.6 %	25.10	(3.6 %)	8.90	(26.4 %)	0.22
Q4 2012	72.82	(0.4 %)	21.47	19.4 %	4.58	75.9 %	0.11
2012	314.43	4.6 %	94.67	20.5 %	33.16	34.7 %	0.83
Q1 2013	79.81	6.1 %	23.39	1.4 %	6.55	(28.4 %)	0.16
Q2 2013	84.89	3.9 %	27.92	11.5 %	12.28	16.6 %	0.31
Q3 2013	86.34	2.0 %	27.42	9.2 %	9.12	2.5 %	0.23
Q4 2013	68.72	(5.6 %)	21.26	(0.9 %)	7.53	64.6 %	0.19
2013	319.75	1.7 %	99.99	5.6 %	35.48	7.0 %	0.89
Q1 2014	75.07	(5.9 %)	22.35	(4.5 %)	23.77	262.9 %	0.59

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2004	427.70	19.1 %	82.84	25.2 %	1.99	126.3 %	0.05
2005	437.46	2.3 %	50.14	(39.5 %)	(28.76)	(1545.9 %)	(0.72)
2006	430.27	(1.6 %)	59.40	18.5 %	(19.22)	33.2 %	(0.48)
2007	231.67	(46.2 %)	56.16	(5.5 %)	11.77	161.3 %	0.29
2008	250.34	8.1 %	46.93	(16.4 %)	(5.52)	(146.9 %)	(0.14)
2009	222.42	(11.2 %)	48.26	2.8 %	(3.47)	37.1 %	(0.09)
2010	232.10	4.4 %	55.37	14.7 %	100.61	2996.8 %	2.52
2011	300.52	29.5 %	78.54	41.8 %	24.62	(75.5 %)	0.62
2012	314.43	4.6 %	94.67	20.5 %	33.16	34.7 %	0.83
2013	319.75	1.7 %	99.99	5.6 %	35.48	7.0 %	0.89

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	17.78 %	10.10 %	(0.44 %)
Q2 2005	15.93 %	7.68 %	(2.27 %)
Q3 2005	13.32 %	5.11 %	(3.54 %)
Q4 2005	11.46 %	3.18 %	(6.57 %)
2005	11.46 %	3.18 %	(6.57 %)
Q1 2006	11.13 %	2.53 %	(6.92 %)
Q2 2006	12.63 %	3.90 %	(6.43 %)
Q3 2006	13.85 %	4.66 %	(5.57 %)
Q4 2006	13.81 %	4.05 %	(4.47 %)
2006	13.81 %	4.05 %	(4.47 %)
Q1 2007	13.80 %	3.79 %	(3.99 %)
Q2 2007	13.71 %	2.96 %	(4.30 %)
Q3 2007	13.42 %	2.23 %	(5.29 %)
Q4 2007	16.50 %	3.34 %	3.64 %
2007	24.24 %	7.35 %	5.08 %
Q1 2008	19.54 %	4.15 %	5.38 %
Q2 2008	20.17 %	4.34 %	5.59 %
Q3 2008	20.01 %	5.04 %	4.93 %
Q4 2008	18.74 %	6.91 %	(2.21 %)
2008	18.74 %	6.91 %	(2.21 %)
Q1 2009	17.28 %	5.52 %	(2.84 %)
Q2 2009	17.55 %	5.13 %	(1.24 %)
Q3 2009	19.59 %	6.24 %	0.91 %
Q4 2009	21.70 %	6.73 %	(1.56 %)
2009	21.70 %	6.73 %	(1.56 %)
Q1 2010	23.95 %	8.97 %	(0.26 %)
Q2 2010	24.63 %	9.21 %	(0.90 %)
Q3 2010	26.20 %	9.99 %	1.30 %
Q4 2010	23.86 %	6.85 %	(2.41 %)
2010	23.86 %	6.85 %	(2.41 %)
Q1 2011	24.25 %	7.41 %	(0.60 %)
Q2 2011	23.96 %	8.26 %	1.77 %
Q3 2011	25.43 %	10.24 %	4.13 %
Q4 2011	26.13 %	12.45 %	8.19 %
2011	26.13 %	12.45 %	8.19 %
Q1 2012	27.51 %	13.92 %	9.48 %
Q2 2012	29.47 %	15.73 %	11.00 %
Q3 2012	28.97 %	14.70 %	9.91 %
Q4 2012	30.11 %	15.19 %	10.54 %
2012	30.11 %	15.19 %	10.54 %
Q1 2013	29.78 %	13.90 %	9.58 %
Q2 2013	30.38 %	13.51 %	10.03 %
Q3 2013	30.94 %	13.32 %	10.04 %
Q4 2013	31.27 %	12.94 %	11.10 %
2013	31.27 %	12.94 %	11.10 %
Q1 2014	31.41 %	12.14 %	14.22 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2004	19.37 %	11.11 %	0.47 %
2005	11.46 %	3.18 %	(6.57 %)
2006	13.81 %	4.05 %	(4.47 %)
2007	24.24 %	7.35 %	5.08 %
2008	18.74 %	6.91 %	(2.21 %)
2009	21.70 %	6.73 %	(1.56 %)
2010	23.86 %	6.85 %	(2.41 %)
2011	26.13 %	12.45 %	8.19 %
2012	30.11 %	15.19 %	10.54 %
2013	31.27 %	12.94 %	11.10 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	12.18 %	6.93 %	(4.08 %)
Q2 2005	11.16 %	3.86 %	(4.24 %)
Q3 2005	10.99 %	2.71 %	(4.66 %)
Q4 2005	11.67 %	(0.40 %)	(13.46 %)
Q1 2006	10.68 %	4.02 %	(5.63 %)
Q2 2006	17.18 %	9.36 %	(2.29 %)
Q3 2006	15.36 %	5.44 %	(1.37 %)
Q4 2006	11.50 %	(2.87 %)	(9.03 %)
Q1 2007	11.02 %	2.98 %	(3.57 %)
Q2 2007	17.84 %	6.92 %	(3.31 %)
Q3 2007	14.91 %	3.29 %	(4.64 %)
Q4 2007	26.63 %	(0.89 %)	36.33 %
Q1 2008	20.34 %	6.59 %	(2.26 %)
Q2 2008	19.84 %	8.31 %	(4.68 %)
Q3 2008	14.43 %	5.78 %	(6.77 %)
Q4 2008	21.40 %	7.02 %	6.54 %
Q1 2009	13.48 %	(0.02 %)	(5.30 %)
Q2 2009	21.29 %	7.07 %	1.68 %
Q3 2009	21.49 %	10.08 %	0.22 %
Q4 2009	30.63 %	9.19 %	(3.53 %)
Q1 2010	23.17 %	9.56 %	0.26 %
Q2 2010	23.92 %	8.04 %	(0.77 %)
Q3 2010	27.25 %	12.80 %	7.93 %
Q4 2010	20.37 %	(4.28 %)	(19.27 %)
Q1 2011	24.77 %	11.18 %	6.62 %
Q2 2011	23.07 %	10.68 %	7.04 %
Q3 2011	31.57 %	18.61 %	14.66 %
Q4 2011	24.58 %	8.56 %	3.56 %
Q1 2012	30.68 %	17.46 %	12.17 %
Q2 2012	30.63 %	17.67 %	12.89 %
Q3 2012	29.64 %	14.70 %	10.50 %
Q4 2012	29.48 %	10.65 %	6.28 %
Q1 2013	29.31 %	12.15 %	8.21 %
Q2 2013	32.89 %	16.06 %	14.47 %
Q3 2013	31.75 %	13.96 %	10.56 %
Q4 2013	30.94 %	8.71 %	10.96 %
Q1 2014	29.77 %	8.73 %	21.14 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	40.00	(0.05)	(0.05)	7.70
Q2 2005	40.00	(0.25)	(0.25)	7.58
Q3 2005	40.00	(0.39)	(0.39)	7.44
Q4 2005	40.00	(0.72)	(0.72)	5.12
Q1 2006	40.00	(0.76)	(0.76)	10.12
Q2 2006	40.00	(0.70)	(0.70)	9.02
Q3 2006	40.00	(0.60)	(0.60)	7.48
Q4 2006	40.00	(0.48)	(0.48)	5.35
Q1 2007	40.00	(0.44)	(0.44)	5.45
Q2 2007	40.00	(0.45)	(0.45)	5.15
Q3 2007	40.00	(0.49)	(0.49)	5.75
Q4 2007	40.00	0.29	0.29	9.06
Q1 2008	40.00	0.36	0.36	9.29
Q2 2008	40.00	0.35	0.35	9.26
Q3 2008	40.00	0.31	0.31	7.30
Q4 2008	40.00	(0.14)	(0.14)	5.86
Q1 2009	40.00	(0.18)	(0.18)	6.14
Q2 2009	40.00	(0.07)	(0.07)	6.77
Q3 2009	40.00	0.05	0.05	7.28
Q4 2009	40.00	(0.09)	(0.09)	7.27
Q1 2010	40.00	(0.01)	(0.01)	7.71
Q2 2010	40.00	2.49	(0.05)	7.92
Q3 2010	40.00	2.73	0.07	8.34
Q4 2010	40.00	2.52	(0.14)	8.09
Q1 2011	40.00	2.62	(0.04)	8.19
Q2 2011	40.00	0.23	0.12	8.34
Q3 2011	40.00	0.29	0.29	8.48
Q4 2011	40.00	0.62	0.62	8.46
Q1 2012	40.00	0.74	0.74	8.69
Q2 2012	40.00	0.86	0.86	8.95
Q3 2012	40.00	0.78	0.78	9.17
Q4 2012	40.00	0.83	0.83	9.26
Q1 2013	40.00	0.76	0.76	9.38
Q2 2013	40.00	0.81	0.81	9.68
Q3 2013	40.00	0.81	0.81	9.91
Q4 2013	40.00	0.89	0.89	10.10
Q1 2014	40.00	1.32	1.12	10.60

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2004	40.00	0.05	0.05	7.80
2005	40.00	(0.72)	(0.72)	5.12
2006	40.00	(0.48)	(0.48)	5.35
2007	40.00	0.29	0.29	9.06
2008	40.00	(0.14)	(0.14)	5.86
2009	40.00	(0.09)	(0.09)	7.27
2010	40.00	2.52	(0.14)	8.09
2011	40.00	0.62	0.62	8.46
2012	40.00	0.83	0.83	9.26
2013	40.00	0.89	0.89	10.10

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	NEG	NEG	3.21
Q2 2005	NEG	NEG	4.58
Q3 2005	NEG	NEG	7.93
Q4 2005	NEG	NEG	16.89
Q1 2006	NEG	NEG	4.31
Q2 2006	NEG	NEG	5.49
Q3 2006	NEG	NEG	9.96
Q4 2006	NEG	NEG	4.63
Q1 2007	NEG	NEG	3.44
Q2 2007	NEG	NEG	3.44
Q3 2007	NEG	NEG	3.69
Q4 2007	More than 50	More than 50	2.79
Q1 2008	49.11	49.11	1.91
Q2 2008	47.53	47.53	1.81
Q3 2008	33.60	33.60	1.44
Q4 2008	NEG	NEG	1.26
Q1 2009	NEG	NEG	1.38
Q2 2009	NEG	NEG	1.48
Q3 2009	More than 50	More than 50	1.33
Q4 2009	NEG	NEG	1.26
Q1 2010	NEG	NEG	1.16
Q2 2010	3.58	NEG	1.12
Q3 2010	3.17	More than 50	1.04
Q4 2010	3.68	NEG	1.14
Q1 2011	4.18	NEG	1.34
Q2 2011	More than 50	More than 50	1.77
Q3 2011	44.59	44.79	1.53
Q4 2011	22.83	22.83	1.66
Q1 2012	41.88	41.88	3.56
Q2 2012	17.28	17.28	1.66
Q3 2012	21.81	21.81	1.85
Q4 2012	19.66	19.66	1.76
Q1 2013	24.48	24.48	1.99
Q2 2013	19.13	19.13	1.60
Q3 2013	19.92	19.92	1.63
Q4 2013	22.32	22.32	1.96
Q1 2014	16.20	19.06	2.01

Period	P/E	Adjusted P/E	Price/book
2004	More than 50	More than 50	4.01
2005	NEG	NEG	16.89
2006	NEG	NEG	4.63
2007	More than 50	More than 50	2.79
2008	NEG	NEG	1.26
2009	NEG	NEG	1.26
2010	3.68	NEG	1.14
2011	22.83	22.83	1.66
2012	19.66	19.66	1.76
2013	22.32	22.32	1.96

Business Segments (Million)

Compared With The

Period	Mattresses & sponge sector	Sanitary ware segment	Sheet Iron
Q1 2013	68.42	11.38	-
Q2 2013	70.01	14.88	-
Q3 2013	72.99	13.35	-
Q4 2013	56.96	11.75	-
Q1 2014	63.66	11.41	-

Period	Mattresses & sponge sector	Sanitary ware segment	Sheet Iron
2005	185.56	39.91	211.98
2006	188.13	29.18	212.96
2007	205.86	25.80	-
2008	216.22	34.12	-
2009	191.20	31.22	-
2010	199.85	32.25	-
2011	261.04	39.48	-
2012	271.72	42.71	-
2013	268.38	51.37	-

Financial Ratios

	Current
Market Cap (M Riyal)	385.20
Enterprise Value (EV) (M)	402.82
Shares Outstanding ((M))	40.00
EPS ( Riyal) (TTM)	(1.87)
Book Value (BV) ( Riyal)	2.34
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	4.11
Return on Average Assets (%) (TTM)	(31.27 )
Return on Average Equity (%) (TTM)	(58.47 )

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Sign In

Search Result

Saudi industrial posts higher net profit at SAR 20m in I1 of 2014

View other reports

Share Price

Saudi Industrial Development Co. (SIDC)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2014 Q1

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Saudi industrial posts higher net profit at SAR 20m in I1 of 2014

View other reports

Share Price

Saudi Industrial Development Co. (SIDC)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2014

Revenue by Business Segment (Latest) 2014 Q1

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)