Al Sorayai Group posts lower net profit at SAR 13.1m at the end of 2013

31/12/2013 Argaam Exclusive

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Al Sorayai Trading and Industrial Group, a manufacturer of rugs and carpets, reported SAR 13.1m net profit at the end of 2013, a 75% decrease compared to last year, as shown in the following table:

Financials (M)

Item	2012	2013	Change‬
Revenues	956.11	866.22	(9.4 %)
Gross Income	256.34	206.71	(19.4 %)
Operating Income	62.46	26.64	(57.4 %)
Net Income	52.57	13.07	(75.1 %)
Average Shares	5.93	5.93	-
EPS (Riyals)	8.87	2.21	(75.1 %)

Current Quarter Comparison (M)

Compared With The

Item	Q4 2012	Q4 2013	Change‬
Revenues	232.75	215.14	(7.6 %)
Gross Income	55.72	42.90	(23.0 %)
Operating Income	9.44	(3.65)	(138.7 %)
Net Income	9.07	1.67	(81.6 %)
Average Shares	5.93	5.93	-
EPS (Riyals)	1.53	0.28	(81.6 %)

Item	Q3 2013	Q4 2013	Change‬
Revenues	200.39	215.14	7.4 %
Gross Income	58.35	42.90	(26.5 %)
Operating Income	9.90	(3.65)	(136.9 %)
Net Income	(6.86)	1.67	124.3 %
Average Shares	5.93	5.93	-
EPS (Riyals)	(1.16)	0.28	124.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2004	-	-	-	-	-	-
Q2 2004	-	-	-	-	-	-
Q3 2004	-	-	-	-	-	-
Q4 2004	-	-	-	-	-	-
2004	-	-	-	-	-	-
Q1 2005	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-
2005	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	555.05	-	115.86	-	79.75	-
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	840.87	51.5 %	212.48	83.4 %	85.73	7.5 %
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	937.01	11.4 %	233.45	9.9 %	83.15	(3.0 %)
Q1 2009	210.09	-	51.88	-	18.04	-
Q2 2009	227.61	-	72.24	-	27.59	-
Q3 2009	251.05	-	74.49	-	24.21	-
Q4 2009	254.00	-	63.87	-	24.45	-
2009	942.75	0.6 %	262.48	12.4 %	94.27	13.4 %
Q1 2010	198.88	(5.3 %)	50.71	(2.3 %)	11.62	(35.6 %)
Q2 2010	238.61	4.8 %	72.37	0.2 %	25.89	(6.2 %)
Q3 2010	237.77	(5.3 %)	63.21	(15.1 %)	15.95	(34.1 %)
Q4 2010	231.75	(8.8 %)	68.43	7.1 %	32.22	31.8 %
2010	907.01	(3.8 %)	254.71	(3.0 %)	85.67	(9.1 %)
Q1 2011	188.58	(5.2 %)	51.38	1.3 %	12.82	10.4 %
Q2 2011	235.49	(1.3 %)	66.50	(8.1 %)	26.47	2.2 %
Q3 2011	232.22	(2.3 %)	56.36	(10.8 %)	13.00	(18.5 %)
Q4 2011	214.26	(7.5 %)	53.30	(22.1 %)	(3.74)	(111.6 %)
2011	870.55	(4.0 %)	222.84	(12.5 %)	47.61	(44.4 %)
Q1 2012	221.74	17.6 %	58.60	14.1 %	13.91	8.5 %
Q2 2012	259.66	10.3 %	69.96	5.2 %	19.78	(25.3 %)
Q3 2012	241.97	4.2 %	72.05	27.8 %	19.33	48.7 %
Q4 2012	232.75	8.6 %	55.72	4.5 %	9.44	352.1 %
2012	956.11	9.8 %	256.34	15.0 %	62.46	31.2 %
Q1 2013	220.90	(0.4 %)	56.05	(4.3 %)	11.91	(14.4 %)
Q2 2013	229.80	(11.5 %)	49.41	(29.4 %)	8.48	(57.1 %)
Q3 2013	200.39	(17.2 %)	58.35	(19.0 %)	9.90	(48.8 %)
Q4 2013	215.14	(7.6 %)	42.90	(23.0 %)	(3.65)	(138.7 %)
2013	866.22	(9.4 %)	206.71	(19.4 %)	26.64	(57.4 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2004	-	-	-	-	-	-
2005	-	-	-	-	-	-
2006	555.05	-	115.86	-	79.75	-
2007	840.87	51.5 %	212.48	83.4 %	85.73	7.5 %
2008	937.01	11.4 %	233.45	9.9 %	83.15	(3.0 %)
2009	942.75	0.6 %	262.48	12.4 %	94.27	13.4 %
2010	907.01	(3.8 %)	254.71	(3.0 %)	85.67	(9.1 %)
2011	870.55	(4.0 %)	222.84	(12.5 %)	47.61	(44.4 %)
2012	956.11	9.8 %	256.34	15.0 %	62.46	31.2 %
2013	866.22	(9.4 %)	206.71	(19.4 %)	26.64	(57.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2004	-	-	-	-	-	-
Q2 2004	-	-	-	-	-	-
Q3 2004	-	-	-	-	-	-
Q4 2004	-	-	-	-	-	-
2004	-	-	-	-	-	-
Q1 2005	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-
2005	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	67.64	-	11.41	-	67.64	11.41
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	84.42	24.8 %	14.24	-	84.42	14.24
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	73.86	(12.5 %)	12.46	-	73.86	12.46
Q1 2009	13.17	-	2.22	-	13.17	2.22
Q2 2009	22.97	-	3.88	-	22.97	3.88
Q3 2009	21.93	-	3.70	-	21.93	3.70
Q4 2009	22.19	-	3.74	-	22.19	3.74
2009	80.24	8.6 %	13.54	-	80.24	13.54
Q1 2010	13.12	(0.4 %)	2.21	-	13.12	2.21
Q2 2010	25.14	9.4 %	4.24	-	25.14	4.24
Q3 2010	9.75	(55.5 %)	1.64	-	9.75	1.64
Q4 2010	27.99	26.1 %	4.72	-	27.99	4.72
2010	75.99	(5.3 %)	12.82	-	75.99	12.82
Q1 2011	12.20	(7.0 %)	2.06	-	12.20	2.06
Q2 2011	19.47	(22.6 %)	3.28	-	19.47	3.28
Q3 2011	11.18	14.7 %	1.89	-	11.18	1.89
Q4 2011	(7.27)	(126.0 %)	(1.23)	-	(7.27)	(1.23)
2011	35.12	(53.8 %)	5.93	-	35.12	5.93
Q1 2012	10.49	(14.0 %)	1.77	-	10.49	1.77
Q2 2012	16.68	(14.3 %)	2.81	-	16.68	2.81
Q3 2012	16.34	46.2 %	2.76	-	16.34	2.76
Q4 2012	9.07	224.8 %	1.53	-	9.07	1.53
2012	52.57	49.7 %	8.87	-	52.57	8.87
Q1 2013	10.55	0.6 %	1.78	-	10.55	1.78
Q2 2013	7.72	(53.7 %)	1.30	-	7.72	1.30
Q3 2013	(6.86)	(142.0 %)	(1.16)	-	(6.86)	(1.16)
Q4 2013	1.67	(81.6 %)	0.28	-	1.67	0.28
2013	13.07	(75.1 %)	2.21	-	13.07	2.21

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2004	-	-	-	-	-	-
2005	-	-	-	-	-	-
2006	67.64	-	11.41	-	67.64	11.41
2007	84.42	24.8 %	14.24	-	84.42	14.24
2008	73.86	(12.5 %)	12.46	-	73.86	12.46
2009	80.24	8.6 %	13.54	-	80.24	13.54
2010	75.99	(5.3 %)	12.82	-	75.99	12.82
2011	35.12	(53.8 %)	5.93	-	35.12	5.93
2012	52.57	49.7 %	8.87	-	52.57	8.87
2013	13.07	(75.1 %)	2.21	-	13.07	2.21

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2004	-	-	-
Q2 2004	-	-	-
Q3 2004	-	-	-
Q4 2004	-	-	-
2004	-	-	-
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	20.87 %	17.61 %	12.19 %
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	25.27 %	15.05 %	10.04 %
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	24.91 %	13.63 %	7.88 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	27.84 %	14.11 %	8.51 %
2009	27.84 %	14.11 %	8.51 %
Q1 2010	28.05 %	13.80 %	8.61 %
Q2 2010	27.74 %	13.68 %	8.74 %
Q3 2010	26.92 %	13.15 %	7.55 %
Q4 2010	28.08 %	14.52 %	8.38 %
2010	28.08 %	14.52 %	8.38 %
Q1 2011	28.48 %	14.93 %	8.37 %
Q2 2011	27.92 %	14.80 %	7.77 %
Q3 2011	27.33 %	14.37 %	7.98 %
Q4 2011	26.14 %	10.37 %	4.09 %
2011	25.60 %	10.26 %	4.03 %
Q1 2012	25.98 %	10.05 %	3.75 %
Q2 2012	25.67 %	9.25 %	3.35 %
Q3 2012	27.08 %	9.71 %	3.87 %
Q4 2012	26.81 %	11.13 %	5.50 %
2012	26.81 %	11.13 %	5.50 %
Q1 2013	26.57 %	11.10 %	5.51 %
Q2 2013	25.20 %	10.21 %	4.72 %
Q3 2013	24.84 %	9.86 %	2.32 %
Q4 2013	23.86 %	8.56 %	1.51 %
2013	23.86 %	8.56 %	1.51 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2004	-	-	-
2005	-	-	-
2006	20.87 %	17.61 %	12.19 %
2007	25.27 %	15.05 %	10.04 %
2008	24.91 %	13.63 %	7.88 %
2009	27.84 %	14.11 %	8.51 %
2010	28.08 %	14.52 %	8.38 %
2011	25.60 %	10.26 %	4.03 %
2012	26.81 %	11.13 %	5.50 %
2013	23.86 %	8.56 %	1.51 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2004	-	-	-
Q2 2004	-	-	-
Q3 2004	-	-	-
Q4 2004	-	-	-
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	24.69 %	12.64 %	6.27 %
Q2 2009	31.74 %	16.47 %	10.09 %
Q3 2009	29.67 %	13.69 %	8.73 %
Q4 2009	25.15 %	13.63 %	8.74 %
Q1 2010	25.50 %	11.09 %	6.60 %
Q2 2010	30.33 %	15.86 %	10.53 %
Q3 2010	26.58 %	11.65 %	4.10 %
Q4 2010	29.53 %	19.04 %	12.08 %
Q1 2011	27.25 %	12.81 %	6.47 %
Q2 2011	28.24 %	15.38 %	8.27 %
Q3 2011	24.27 %	9.93 %	4.82 %
Q4 2011	24.88 %	3.19 %	(3.39 %)
Q1 2012	26.43 %	11.14 %	4.73 %
Q2 2012	26.94 %	12.03 %	6.42 %
Q3 2012	29.78 %	11.68 %	6.75 %
Q4 2012	23.94 %	9.56 %	3.90 %
Q1 2013	25.37 %	11.00 %	4.78 %
Q2 2013	21.50 %	8.55 %	3.36 %
Q3 2013	29.12 %	10.47 %	(3.43 %)
Q4 2013	19.94 %	4.30 %	0.78 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2004	-	-	-	-
Q2 2004	-	-	-	-
Q3 2004	-	-	-	-
Q4 2004	-	-	-	-
Q1 2005	-	-	-	-
Q2 2005	-	-	-	-
Q3 2005	-	-	-	-
Q4 2005	-	-	-	-
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	5.93	-	-	54.92
Q2 2009	5.93	-	-	58.79
Q3 2009	5.93	-	-	60.80
Q4 2009	5.93	13.54	13.54	62.86
Q1 2010	5.93	13.53	13.53	64.23
Q2 2010	5.93	13.90	13.90	68.47
Q3 2010	5.93	11.84	11.84	70.12
Q4 2010	5.93	12.82	12.82	74.84
Q1 2011	5.93	12.67	12.67	71.84
Q2 2011	5.93	11.71	11.71	75.12
Q3 2011	5.93	11.95	11.95	77.01
Q4 2011	5.93	6.00	6.00	75.70
Q1 2012	5.93	5.71	5.71	77.47
Q2 2012	5.93	5.24	5.24	80.29
Q3 2012	5.93	6.11	6.11	83.04
Q4 2012	5.93	8.87	8.87	84.57
Q1 2013	5.93	8.88	8.88	86.35
Q2 2013	5.93	7.37	7.37	85.12
Q3 2013	5.93	3.45	3.45	83.97
Q4 2013	5.93	2.21	2.21	84.25

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2004	-	-	-	-
2005	-	-	-	-
2006	5.93	11.41	11.41	21.25
2007	5.93	14.24	14.24	51.00
2008	5.93	12.46	12.46	56.07
2009	5.93	13.54	13.54	62.86
2010	5.93	12.82	12.82	74.84
2011	5.93	5.93	5.93	75.70
2012	5.93	8.87	8.87	84.57
2013	5.93	2.21	2.21	84.25

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2004	-	-	-
Q2 2004	-	-	-
Q3 2004	-	-	-
Q4 2004	-	-	-
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	21.85	21.85	4.60
Q2 2010	17.08	17.08	3.47
Q3 2010	20.35	20.35	3.44
Q4 2010	16.49	16.49	2.82
Q1 2011	18.22	18.22	3.21
Q2 2011	18.29	18.29	2.85
Q3 2011	16.56	16.56	2.57
Q4 2011	36.44	36.44	2.89
Q1 2012	48.99	48.99	3.61
Q2 2012	38.17	38.17	2.49
Q3 2012	48.35	48.35	3.56
Q4 2012	26.07	26.07	2.73
Q1 2013	27.24	27.24	2.80
Q2 2013	30.66	30.66	2.65
Q3 2013	67.77	67.77	2.79
Q4 2013	More than 100	More than 100	2.96

Period	P/E	Adjusted P/E	Price/book
2004	-	-	-
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	16.49	16.49	2.82
2011	36.91	36.91	2.89
2012	26.07	26.07	2.73
2013	More than 100	More than 100	2.96

Financial Ratios

	Current
Market Cap (M Riyal)	795.70
Enterprise Value (EV) (M)	965.78
Shares Outstanding ((M))	10.90
EPS ( Riyal) (TTM)	(1.83)
Book Value (BV) ( Riyal)	8.28
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	NEG
Price/book	8.82
Return on Average Assets (%) (TTM)	(5.01 )
Return on Average Equity (%) (TTM)	(19.93 )

Naseej International Trading Co. (NASEEJ)

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Al Sorayai Group posts lower net profit at SAR 13.1m at the end of 2013

View other reports

Al Sorayai Trading and Industrial Group, a manufacturer of rugs and carpets, reported SAR 13.1m net profit at the end of 2013, a 75% decrease compared to last year, as shown in the following table:

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

Naseej International Trading Co. (NASEEJ)

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