Almarai net profit drops 10% in FY2019

19/01/2020 Argaam Exclusive

Almarai Company reported a net profit after zakat and tax of SAR 1.81 billion for the fiscal year of 2019, a 9.95% year-on-year (YoY) decrease, the company said in a bourse statement on Sunday.

 

The drop was attributed to higher selling and distribution expenses, as well as general and administrative expenses and financing costs, according to the statement.



Financials (M)

Item 2018 2019 Change‬
Revenues 13,557.84 14,351.28 5.9 %
Gross Income 5,327.07 5,366.67 0.7 %
Operating Income 2,771.63 2,590.07 (6.6 %)
Net Income 2,011.98 1,811.75 (10.0 %)
Average Shares 1,000.00 1,000.00 -
EPS (Riyals) 2.01 1.81 (10.0 %)

The dairy producer’s net profit for Q4 2019 fell 15.9% YoY to SAR 311.9 million.

 

On a sequential basis, Q4 2019 net profit slid by 46.3% compared to the previous quarter due to one off charges booked in Q4 2019.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 3,381.18 3,703.94 9.5 %
Gross Income 1,262.94 1,293.51 2.4 %
Operating Income 629.06 533.32 (15.2 %)
Net Income 370.77 311.95 (15.9 %)
Average Shares 1,000.00 1,000.00 -
EPS (Riyals) 0.37 0.31 (15.9 %)

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Share Price

Almarai Co.
52.80
(0.20) (0.38 %)

Almarai Co. (ALMARAI)

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Financial Ratios
Current
Market Cap (M Riyal) 52,800.00
Enterprise Value (EV) (M) 62,265.61
Shares Outstanding ((M)) 1,000.00
EPS ( Riyal) (TTM) 2.25
Book Value (BV) ( Riyal) 18.56
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 23.43
P/E (TTM) 23.43
Price/book 2.85
Return on Average Assets (%) (TTM) 6.3
Return on Average Equity (%) (TTM) 12.5
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