Jabal Omar reports SAR 54 mln profit in Q2

17/08/2017 Argaam Exclusive

View other reports

Share Price

24.52
(0.88) (3.46 %)

Jabal Omar Development Company (JABAL OMAR)

 

Jabal Omar Development Co. posted a net profit of SAR 53.8 million for Q2 2017 ending June 30, compared to a net profit of SAR 9.5 million in the same period last year, on higher sales of residential units and increased revenue from hotels and commercial markets.



Financials (M)

Item 6m 2016 6m 2017 Change‬
Revenues 371.74 523.31 40.8 %
Gross Income 31.71 221.44 598.3 %
Operating Income (61.87) 116.17 287.8 %
Net Income (110.01) (7.00) 93.6 %
Average Shares 929.40 929.40 -
EPS (Riyals) (0.12) (0.01) 93.6 %

The company wrote back doubtful loan and zakat provisions of SAR 83.6 million and SAR 5.66 million respectively, in the same period last year. Accordingly, the Q3 2016 net profit stood at SAR 9.5 million.



Current Quarter Comparison (M)

Compared With The
Item Q2 2016 Q2 2017 Change‬
Revenues 166.43 200.19 20.3 %
Gross Income 5.92 63.53 974.0 %
Operating Income (35.27) 11.57 132.8 %
Net Income 9.49 (60.79) (740.3 %)
Average Shares 929.40 929.40 -
EPS (Riyals) 0.01 (0.07) (740.3 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2008 - - - - (38.63) - (0.05)
Q2 2008 - - - - (3.53) - 0.00
Q3 2008 - - - - 7.89 - 0.01
Q4 2008 - - - - (18.29) - (0.02)
Q1 2009 - - - - (4.10) 89.4 % (0.01)
Q2 2009 - - - - (18.24) (417.0 %) (0.02)
Q3 2009 - - - - (9.64) (222.1 %) (0.01)
Q4 2009 - - - - (1.46) 92.0 % 0.00
Q1 2010 - - - - (8.91) (117.5 %) (0.01)
Q2 2010 - - - - (7.60) 58.4 % (0.01)
Q3 2010 - - - - (9.21) 4.5 % (0.01)
Q4 2010 - - - - (11.31) (677.5 %) (0.01)
Q1 2011 - - - - (7.36) 17.5 % (0.01)
Q2 2011 - - - - (10.36) (36.4 %) (0.01)
Q3 2011 - - - - (9.57) (3.9 %) (0.01)
Q4 2011 - - - - (9.48) 16.2 % (0.01)
Q1 2012 - - - - (13.06) (77.6 %) (0.01)
Q2 2012 - - - - (16.93) (63.4 %) (0.02)
Q3 2012 - - - - (11.78) (23.1 %) (0.01)
Q4 2012 - - - - (9.62) (1.5 %) (0.01)
Q1 2013 12.70 - 3.47 - (5.26) 59.7 % (0.01)
Q2 2013 16.18 - 5.34 - (6.12) 63.8 % (0.01)
Q3 2013 22.79 - 10.81 - (3.37) 71.4 % 0.00
Q4 2013 (6.07) - (10.14) - (57.50) (497.8 %) (0.06)
Q1 2014 23.86 88.0 % 9.79 182.0 % (2.53) 52.0 % 0.00
Q2 2014 26.57 64.3 % 12.72 138.3 % (0.47) 92.4 % 0.00
Q3 2014 26.79 17.6 % 14.73 36.2 % (1.63) 51.6 % 0.00
Q4 2014 653.94 10878.7 % 488.24 4914.0 % 431.26 850.1 % 0.46
Q1 2015 239.16 902.2 % 169.39 1630.4 % 145.16 5842.2 % 0.16
Q2 2015 234.95 784.2 % 140.58 1004.9 % 65.05 14028.3 % 0.07
Q3 2015 192.52 618.6 % 98.28 567.3 % 8.67 630.8 % 0.01
Q4 2015 112.81 (82.7 %) 26.20 (94.6 %) (126.95) (129.4 %) (0.14)
Q1 2016 104.51 (56.3 %) 8.45 (95.0 %) (75.51) (152.0 %) (0.08)
Q2 2016 166.43 (29.2 %) 5.92 (95.8 %) 9.49 (85.4 %) 0.01
Q3 2016 270.58 40.5 % 139.38 41.8 % 63.35 630.9 % 0.07
Q4 2016 - - (38.98) (248.8 %) (68.04) 46.4 % (0.07)
Q1 2017 323.12 209.2 % 157.91 1769.0 % 53.79 171.2 % 0.06
Q2 2017 200.19 20.3 % 63.53 974.0 % (60.79) (740.3 %) (0.07)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
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 27.34 % (382.17 %) (343.38 %)
Q2 2013 30.52 % (117.18 %) (113.56 %)
Q3 2013 37.98 % (43.14 %) (47.18 %)
Q4 2013 20.79 % (141.50 %) (158.46 %)
Q1 2014 27.83 % (103.72 %) (122.47 %)
Q2 2014 34.52 % (77.14 %) (95.09 %)
Q3 2014 38.08 % (68.48 %) (87.30 %)
Q4 2014 71.87 % 64.33 % 58.35 %
Q1 2015 72.38 % 67.76 % 60.68 %
Q2 2015 70.39 % 64.34 % 55.40 %
Q3 2015 67.89 % 63.49 % 49.23 %
Q4 2015 55.74 % 37.45 % 11.79 %
Q1 2016 42.42 % 22.00 % (19.97 %)
Q2 2016 24.09 % 15.12 % (46.50 %)
Q3 2016 27.50 % 4.39 % (32.60 %)
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2008 756.39 - - 8.83
Q2 2008 756.39 - - 8.82
Q3 2008 756.39 - - 8.83
Q4 2008 756.39 (0.07) (0.07) 8.81
Q1 2009 756.39 (0.02) (0.02) 8.80
Q2 2009 756.39 (0.04) (0.04) 8.78
Q3 2009 756.39 (0.07) (0.07) 8.78
Q4 2009 756.39 (0.04) (0.04) 8.78
Q1 2010 756.39 (0.05) (0.05) 8.76
Q2 2010 756.39 (0.04) (0.04) 8.75
Q3 2010 756.39 (0.04) (0.04) 8.74
Q4 2010 756.39 (0.05) (0.05) 8.73
Q1 2011 756.39 (0.05) (0.05) 8.72
Q2 2011 756.39 (0.05) (0.05) 8.70
Q3 2011 929.40 (0.04) (0.04) 9.77
Q4 2011 929.40 (0.04) (0.04) 9.76
Q1 2012 929.40 (0.05) (0.05) 9.74
Q2 2012 929.40 (0.05) (0.05) 9.73
Q3 2012 929.40 (0.06) (0.06) 9.71
Q4 2012 929.40 (0.06) (0.06) 9.70
Q1 2013 929.40 (0.05) (0.05) 9.70
Q2 2013 929.40 (0.04) (0.04) 9.61
Q3 2013 929.40 (0.03) (0.03) 9.65
Q4 2013 929.40 (0.08) (0.08) 9.62
Q1 2014 929.40 (0.07) (0.07) 9.60
Q2 2014 929.40 (0.07) (0.07) 9.60
Q3 2014 929.40 (0.07) (0.07) 9.57
Q4 2014 929.40 0.46 0.46 10.01
Q1 2015 929.40 0.62 0.62 10.11
Q2 2015 929.40 0.69 0.69 10.19
Q3 2015 929.40 0.70 0.70 10.24
Q4 2015 929.40 0.10 0.10 10.10
Q1 2016 929.40 (0.14) (0.14) 10.14
Q2 2016 929.40 (0.20) (0.29) 10.03
Q3 2016 929.40 (0.14) (0.23) 10.08
Q4 2016 929.40 (0.08) (0.17) 10.97
Q1 2017 929.40 0.06 (0.03) 10.96
Q2 2017 929.40 (0.01) (0.01) 11.02

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2008 - - 3.64
Q2 2008 - - 3.95
Q3 2008 - - 3.07
Q4 2008 NEG NEG 3.12
Q1 2009 NEG NEG 2.86
Q2 2009 NEG NEG 2.91
Q3 2009 NEG NEG 3.15
Q4 2009 NEG NEG 2.91
Q1 2010 NEG NEG 3.10
Q2 2010 NEG NEG 2.83
Q3 2010 NEG NEG 2.81
Q4 2010 NEG NEG 2.70
Q1 2011 NEG NEG 2.37
Q2 2011 NEG NEG 2.36
Q3 2011 NEG NEG 1.51
Q4 2011 NEG NEG 1.55
Q1 2012 NEG NEG 2.46
Q2 2012 NEG NEG 2.20
Q3 2012 NEG NEG 2.34
Q4 2012 NEG NEG 2.43
Q1 2013 NEG NEG 3.28
Q2 2013 NEG NEG 3.68
Q3 2013 NEG NEG 3.94
Q4 2013 NEG NEG 3.77
Q1 2014 NEG NEG 5.32
Q2 2014 NEG NEG 5.93
Q3 2014 NEG NEG 6.83
Q4 2014 More than 50 More than 50 6.51
Q1 2015 More than 50 More than 50 9.33
Q2 2015 More than 50 More than 50 9.06
Q3 2015 More than 50 More than 50 7.78
Q4 2015 More than 50 More than 50 6.83
Q1 2016 NEG NEG 6.87
Q2 2016 NEG NEG 7.81
Q3 2016 NEG NEG 6.26
Q4 2016 NEG NEG 8.47
Q1 2017 More than 50 NEG 7.71
Q2 2017 NEG NEG 8.29

Business Segments (Million)

Compared With The
Period Hotels Commercial center Investment properties sector
Q1 2014 - 23.86 -
Q2 2014 - 26.57 -
Q3 2014 - 26.79 -
Q4 2014 61.63 27.92 564.40
Q1 2015 27.91 31.75 179.50
Q2 2015 27.16 32.39 175.40
Q3 2015 46.50 30.42 115.60
Q4 2015 76.09 36.71 -
Q1 2016 57.38 35.83 11.30
Q2 2016 163.57 2.87 -
Q4 2016 124.33 - 989.30
Q1 2017 93.63 21.84 196.00
Q2 2017 202.86 19.38 100.88

Current
Market Cap (M Riyal) 28,309.08
Enterprise Value (EV) (M) 38,526.61
Shares Outstanding ((M)) 1,154.53
EPS ( Riyal) (TTM) 0.04
Book Value (BV) ( Riyal) 11.04
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) More than 50
Price/book 2.22
Return on Average Assets (%) (TTM) 0.2
Return on Average Equity (%) (TTM) 0.4

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
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.