Alandalus Property’s net profit up 29% in FY17

27/03/2018 Argaam Exclusive

View other reports

Alandaus Property Co. reported a net profit of SAR 118.4 million for fiscal year 2017, a 28.9 percent increase year-on-year, attributable to higher rental income and improved income from affiliates, besides one-time gains from disposal of a plot of land.

 

The company reported a revenue of SAR 146.83 million for the year versus SAR 131.67 million in 2016.

 

Comprehensive income (excluding non-controlling interest) amounted to SAR 118.17 million, versus SAR 91.8 million in 2016.



Financials (M)

Item 2016 2017 Change‬
Revenues 131.67 146.83 11.5 %
Gross Income 81.96 80.15 (2.2 %)
Operating Income 69.29 66.48 (4.1 %)
Net Income 91.82 118.39 28.9 %
Average Shares 93.33 93.33 -
EPS (Riyals) 0.98 1.27 28.9 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2016 Q4 2017 Change‬
Revenues 33.62 38.77 15.3 %
Gross Income 20.98 15.60 (25.7 %)
Operating Income 17.58 11.36 (35.4 %)
Net Income 15.81 14.96 (5.3 %)
Average Shares 93.33 93.33 -
EPS (Riyals) 0.17 0.16 (5.3 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 23.73 - 16.02 - 21.42 - 0.23
Q2 2014 25.53 - 18.57 - 21.90 - 0.23
Q3 2014 27.33 - 18.47 - 21.88 - 0.23
Q4 2014 26.03 - 17.60 - 21.61 - 0.23
Q1 2015 29.58 24.7 % 18.23 13.8 % 23.55 10.0 % 0.25
Q2 2015 31.72 24.3 % 20.42 10.0 % 24.67 12.6 % 0.26
Q3 2015 33.06 21.0 % 19.76 7.0 % 24.18 10.5 % 0.26
Q4 2015 32.37 24.4 % 16.66 (5.4 %) 21.68 0.3 % 0.23
Q1 2016 31.69 7.1 % 19.84 8.8 % 24.80 5.3 % 0.27
Q2 2016 32.06 1.1 % 20.17 (1.2 %) 24.85 0.8 % 0.27
Q3 2016 34.30 3.8 % 20.97 6.1 % 26.37 9.1 % 0.28
Q4 2016 33.62 3.9 % 20.98 25.9 % 15.81 (27.1 %) 0.17
Q1 2017 32.70 3.2 % 20.45 3.1 % 49.45 99.4 % 0.53
Q2 2017 36.51 13.9 % 22.84 13.2 % 27.57 10.9 % 0.30
Q3 2017 38.86 13.3 % 21.26 1.4 % 26.42 0.2 % 0.28
Q4 2017 38.77 15.3 % 15.60 (25.7 %) 14.96 (5.3 %) 0.16
2017 146.83 11.5 % 80.15 (2.2 %) 118.39 28.9 % 1.27

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 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 68.87 % 70.94 % 84.60 %
Q1 2015 67.19 % 69.22 % 82.01 %
Q2 2015 65.18 % 67.95 % 79.99 %
Q3 2015 63.15 % 66.03 % 78.09 %
Q4 2015 59.24 % 61.65 % 74.23 %
Q1 2016 59.52 % 61.03 % 73.99 %
Q2 2016 59.17 % 59.81 % 73.93 %
Q3 2016 59.53 % 59.73 % 74.91 %
Q4 2016 62.25 % 60.32 % 69.74 %
Q1 2017 62.23 % 60.30 % 70.49 %
Q2 2017 62.16 % 60.37 % 70.19 %
Q3 2017 60.37 % 58.44 % 67.96 %
Q4 2017 54.59 % 54.38 % 65.01 %
2017 54.59 % 54.24 % 65.01 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 93.33 - - 7.70
Q2 2014 93.33 - - 7.94
Q3 2014 93.33 - - 8.17
Q4 2014 93.33 0.93 0.93 8.40
Q1 2015 93.33 0.95 0.95 8.65
Q2 2015 93.33 0.98 0.98 8.92
Q3 2015 93.33 1.01 1.01 9.18
Q4 2015 93.33 1.01 1.01 9.41
Q1 2016 93.33 1.02 1.02 9.19
Q2 2016 93.33 1.02 1.02 9.08
Q3 2016 93.33 1.05 1.05 9.37
Q4 2016 93.33 0.98 0.98 9.54
Q1 2017 93.33 1.25 1.00 10.07
Q2 2017 93.33 1.28 1.03 10.36
Q3 2017 93.33 1.28 1.03 10.64
Q4 2017 93.33 1.27 1.02 13.16

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 15.43 15.43 1.71
Q2 2016 14.79 14.79 1.67
Q3 2016 10.83 10.83 1.21
Q4 2016 14.97 14.97 1.54
Q1 2017 11.26 14.03 1.40
Q2 2017 13.39 16.58 1.65
Q3 2017 12.26 15.19 1.47
Q4 2017 12.22 15.15 1.18

Business Segments (Million)

Compared With The
Period Retail sector Hospitality sector Office sector Other activities
Q1 2016 31.54 - 0.26 -
Q2 2016 32.10 - 0.26 -
Q3 2016 33.64 - 0.26 -
Q4 2016 33.36 - 0.26 -
Q1 2017 32.44 - 0.26 0.22
Q2 2017 35.90 - 0.26 -
Q3 2017 36.10 1.99 0.26 -
Q4 2017 33.62 4.89 - -

Current
Market Cap (M Riyal) 2,351.92
Enterprise Value (EV) (M) 3,180.28
Shares Outstanding ((M)) 93.33
EPS ( Riyal) (TTM) 0.29
Book Value (BV) ( Riyal) 11.29
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 2.23
Return on Average Assets (%) (TTM) 1.2
Return on Average Equity (%) (TTM) 2.5

Share Price

25.20
0.20 0.80 %

Alandalus Property Co. (ALANDALUS)


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.