L’Azurde’s FY17 net profit drops 56% on lower revenue
L’Azurde For Jewelry Co. (L’Azurde) reported a net profit of SAR 31.54 million for fiscal year 2017, down 56 percent year-on-year (YoY) on lower operating revenue from its Egypt operations due to the Egyptian Pound’s floatation and lower gross profit.
The jewelry maker, however, posted a net profit of SAR 2.6 million in Q4 2017, versus a net loss of SAR 766,000 a year earlier, as operating revenue jumped 62 percent YoY on improved wholesale, as well as retail business portfolios, and a 15 percent drop in cost of revenue.
Q4 net profit rose more than five-fold quarter-on-quarter to SAR 502,000.
Financials (M)
Item | 2016 | 2017 | Change |
---|---|---|---|
Revenues | 2,018.30 | 1,752.51 | (13.2 %) |
Gross Income | 244.54 | 217.48 | (11.1 %) |
Operating Income | 68.00 | 75.27 | 10.7 % |
Net Income | 71.95 | 31.54 | (56.2 %) |
Average Shares | 50.51 | 50.51 | - |
EPS (Riyals) | 1.42 | 0.62 | (56.2 %) |
Current Quarter Comparison (M)
Item | Q4 2016 | Q4 2017 | Change |
---|---|---|---|
Revenues | 176.24 | 336.07 | 90.7 % |
Gross Income | 12.84 | 46.76 | 264.2 % |
Operating Income | (29.76) | 13.99 | 147.0 % |
Net Income | (0.77) | 2.63 | 443.3 % |
Average Shares | 50.51 | 50.51 | - |
EPS (Riyals) | (0.02) | 0.05 | 443.3 % |
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Share Price
Lazurde Company for Jewelry (LAZURDE)
Current | |
Market Cap (M Riyal) | 747.50 |
Enterprise Value (EV) (M) | 2,003.85 |
Shares Outstanding ((M)) | 57.50 |
EPS ( Riyal) (TTM) | 0.21 |
Book Value (BV) ( Riyal) | 5.24 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | More than 100 |
P/E (TTM) | More than 100 |
Price/book | 2.48 |
Return on Average Assets (%) (TTM) | 0.7 |
Return on Average Equity (%) (TTM) | 3.6 |
Financial results (Million)
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2017 | 604.69 | (31.6 %) | 74.15 | (36.8 %) | 34.82 | (34.2 %) |
Q2 2017 | 411.84 | (25.4 %) | 51.63 | 27.5 % | 15.73 | 207.7 % |
Q3 2017 | 399.91 | (1.6 %) | 44.94 | (39.2 %) | 10.73 | (73.0 %) |
Q4 2017 | 336.07 | 90.7 % | 46.76 | 264.2 % | 13.99 | 147.0 % |
2017 | 1,752.51 | (13.2 %) | 217.48 | (11.1 %) | 75.27 | 10.7 % |
Profit Performance (Million)
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2017 | 21.99 | (56.9 %) | 0.44 | - | 21.99 | 0.44 |
Q2 2017 | 6.42 | 191.3 % | 0.13 | - | 6.42 | 0.13 |
Q3 2017 | 0.50 | (98.3 %) | 0.01 | - | 0.50 | 0.01 |
Q4 2017 | 2.63 | 443.3 % | 0.05 | - | 2.63 | 0.05 |
2017 | 31.54 | (56.2 %) | 0.62 | - | 31.54 | 0.62 |
Profitability
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2017 | 11.58 % | 3.48 % | (0.07 %) |
Q2 2017 | 13.29 % | 4.43 % | 0.76 % |
Q3 2017 | 11.53 % | 2.60 % | (1.01 %) |
Q4 2017 | 12.41 % | 4.87 % | 1.80 % |
2017 | 12.41 % | 4.87 % | 1.80 % |
Compared With The
Per Share Data (Riyal)
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2017 | 50.51 | 0.85 | (0.03) | 8.35 |
Q2 2017 | 50.51 | 1.12 | 0.24 | 8.03 |
Q3 2017 | 50.51 | 0.56 | (0.32) | 8.02 |
Q4 2017 | 50.51 | 0.62 | 0.62 | 8.05 |
Multiple Ratios (End of Period Price)
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2017 | 28.62 | NEG | 2.91 |
Q2 2017 | 19.72 | 91.32 | 2.74 |
Q3 2017 | 38.64 | NEG | 2.69 |
Q4 2017 | 28.54 | 28.54 | 2.21 |
Business Segments (Million)
Q4 2017
Period | Wholesale sector | Retail sector |
---|---|---|
Q1 2017 | 573.29 | 31.40 |
Q2 2017 | 387.78 | 24.06 |
Q3 2017 | 374.26 | 25.65 |
Q4 2017 | 302.53 | 33.54 |
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