Public Warehousing’s net profit rose 30% in 2016

03/10/2017 Argaam

 

Public Warehousing Co., which launched its IPO on Nomu Parallel Market yesterday, saw its net profit jump by 30 percent year-on-year (YoY) to SAR 18.6 million by the end of 2016, compared to a net profit of SAR 14.3 million a year earlier.

 

This was attributed to a YoY increase in revenues by SAR 4.4 million, in addition to improved performance of subsidiaries and higher other income.

 

Net Profit

Period

2015

2016

Variation

Net profit (SAR mln)

14.3

18.6

+30%

Average number of shares (mln)

3.00

3.00

--

EPS (SAR/share)

4.64

6.24

+30%

 

Income Statement (SAR mln)

Period

2015

2016

Variation

Sales

27.5

31.9

+16%

Gross profit margin %

76 %

74 %

(2%)

Net profit from associates

2.1

3.4

+62%

Other income

1.6

2.9

+81%

 

Significant Balance Sheet Items (SAR mln)

Period

2015

2016

Variation

Assets

137.7

161.3

+17%

Short-term liabilities

67.9

44.7

(34%)

Long-term liabilities

18.6

43.4

+134%

Total liabilities

86.5

88.2

+2%

Shareholders’ equity

51.3

70.10

+37%

 

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