Al Othaim net profit rises 13.9% in FY2019

10/02/2020 Argaam Exclusive

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Abdullah Al Othaim Markets Co. reported a net profit after Zakat and tax of SAR 344.67 million for the fiscal year (FY) 2019, up 13.9% year-on-year (YoY), as compared to SAR 302.6 million in FY2018.

 

The earnings increase is attributed to an improvement in gross margin and growth in sales by 8.81%, the company said in a bourse statement.



Financials (M)

Item 2018 2019 Change‬
Revenues 7,504.46 8,165.88 8.8 %
Gross Income 1,531.17 1,692.91 10.6 %
Operating Income 247.97 317.03 27.9 %
Net Income 302.60 344.67 13.9 %
Average Shares 900.00 900.00 -
Earnings Per Share before unusual items (Riyals) 0.34 0.38 11.3 %
EPS (Riyals) 0.34 0.38 13.9 %

The firm's net profit for Q4 2019 rose 33.02% YoY to SAR 142.23 million due to recognizing a sum of SAR 38.71 million as impairment provision for certain assets and properties.

 

On a sequential basis, Q4 2019 net profit increased 88.68% from the previous quarter on increase in other operating income.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 1,939.04 2,098.53 8.2 %
Gross Income 474.84 512.27 7.9 %
Operating Income 132.16 143.68 8.7 %
Net Income 106.92 142.23 33.0 %
Average Shares 900.00 900.00 -
Earnings Per Share before unusual items (Riyals) 0.13 0.16 24.9 %
EPS (Riyals) 0.12 0.16 33.0 %

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Share Price

Abdullah Al Othaim Markets Co.
9.66
(0.12) (1.23 %)

Abdullah Al Othaim Markets Co. (A.OTHAIM MARKET)

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Financial Ratios
Current
Market Cap (M Riyal) 8,694.00
Enterprise Value (EV) (M) 8,939.98
Shares Outstanding ((M)) 900.00
EPS ( Riyal) (TTM) 0.58
Book Value (BV) ( Riyal) 1.53
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 25.27
P/E (TTM) 16.62
Price/book 6.33
Return on Average Assets (%) (TTM) 8.0
Return on Average Equity (%) (TTM) 14.1
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