Saud Qahtani Auction Co. has generated SAR 5.24 million in profit, up by around 75 percent year-on-year (YoY) in Q1 2018, the company said in a statement.
|
Income Statement (SAR mln) |
|||
|
Period |
Q1 2017 |
Q1 2018 |
Variation |
|
Revenue |
5.43 |
8.06 |
+48% |
|
Net Profit |
3.00 |
5.24 |
+75% |
|
Average number of shares (mln) |
2.00 |
2.00 |
-- |
|
EPS (SAR/share) |
1.50 |
2.62 |
+75% |
The profit rise was attributed to a sales increase of SAR 2.6 million, or 48 percent YoY. Additionally, profit margins for the same period improved to 74 percent in Q1 2018, compared to 66 percent in year-earlier period.
|
Sales and Net Profit (SAR mln) |
|||
|
Period |
2016 |
2017 |
Variation |
|
Revenue |
29.43 |
29.22 |
(1%) |
|
Net Profit |
18.87 |
19.24 |
+2% |
|
Average number of shares (mln) |
2.00 |
2.00 |
-- |
|
EPS (SAR/share) |
9.43 |
9.62 |
+2% |
|
Balance Sheet (SAR mln) |
|||
|
Period |
2016 |
2017 |
March 2018 |
|
Cash & cash equivalent |
8.27 |
5.45 |
5.35 |
|
Current assets |
16.73 |
33.02 |
21.17 |
|
Non-current assets |
11.64 |
10.99 |
28.26 |
|
Total assets |
28.36 |
44.01 |
49.43 |
|
Current liabilities |
3.42 |
3.47 |
5.15 |
|
Non-current liablities |
5.87 |
0.67 |
9.91 |
|
Total liabilities |
9.29 |
4.14 |
15.06 |
|
Capital |
0.100 |
20.00 |
20.00 |
|
Shareholders’ equity |
19.07 |
39.87 |
34.37 |
The company’s initial public offering (IPO) on Nomu Parallel Market began on Feb. 14 and will run until Mar. 4. The company will float 780,000 ordinary shares, or 39 percent of its SAR 20 million capital to qualified investors, Argaam earlier reported.
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