Alandalus Property Co. reported a net profit of SAR 49.5 million for the first quarter of 2017, a 99.4 percent jump from the same period last year, which the company attributed to higher rent revenue leading to increase in gross profit, lower financing costs, higher income from investments in associates, and a decrease in G&A expenses.
The profit for Q1 was up 100 percent compared to the previous quarter due to lower general and administrative expenses, along with reduced financing costs. Additionally, gains were recognized on disposal of investment land that was contributed as in-kind share in a new associate.
| Item | Q1 2016 | Q1 2017 | Change |
|---|---|---|---|
| Revenues | 31.69 | 32.70 | 3.2 % |
| Gross Income | 19.84 | 20.45 | 3.1 % |
| Operating Income | 16.93 | 17.69 | 4.5 % |
| Net Income | 24.80 | 49.45 | 99.4 % |
| Average Shares | 93.33 | 93.33 | - |
| EPS (Riyals) | 0.27 | 0.53 | 99.4 % |
| Item | Q4 2016 | Q1 2017 | Change |
|---|---|---|---|
| Revenues | 33.62 | 32.70 | (2.7 %) |
| Gross Income | 20.98 | 20.45 | (2.5 %) |
| Operating Income | 17.58 | 17.69 | 0.6 % |
| Net Income | 15.81 | 49.45 | 212.9 % |
| Average Shares | 93.33 | 93.33 | - |
| EPS (Riyals) | 0.17 | 0.53 | 212.9 % |
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2008 | - | - | - | - | - | - |
| Q2 2008 | - | - | - | - | - | - |
| Q3 2008 | - | - | - | - | - | - |
| Q4 2008 | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - |
| Q1 2009 | - | - | - | - | - | - |
| Q2 2009 | - | - | - | - | - | - |
| Q3 2009 | - | - | - | - | - | - |
| Q4 2009 | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - |
| Q1 2010 | - | - | - | - | - | - |
| Q2 2010 | - | - | - | - | - | - |
| Q3 2010 | - | - | - | - | - | - |
| Q4 2010 | - | - | - | - | - | - |
| 2010 | - | - | - | - | - | - |
| Q1 2011 | - | - | - | - | - | - |
| Q2 2011 | - | - | - | - | - | - |
| Q3 2011 | - | - | - | - | - | - |
| Q4 2011 | - | - | - | - | - | - |
| 2011 | 85.14 | - | 60.14 | - | 55.83 | - |
| Q1 2012 | - | - | - | - | - | - |
| Q2 2012 | - | - | - | - | - | - |
| Q3 2012 | - | - | - | - | - | - |
| Q4 2012 | - | - | - | - | - | - |
| 2012 | 92.54 | 8.7 % | 65.68 | 9.2 % | 57.08 | 2.2 % |
| Q1 2013 | - | - | - | - | - | - |
| Q2 2013 | - | - | - | - | - | - |
| Q3 2013 | - | - | - | - | - | - |
| Q4 2013 | - | - | - | - | - | - |
| 2013 | 97.08 | 4.9 % | 71.06 | 8.2 % | 63.23 | 10.8 % |
| Q1 2014 | 23.73 | - | 16.02 | - | 14.48 | - |
| Q2 2014 | 25.53 | - | 18.57 | - | 16.03 | - |
| Q3 2014 | 27.33 | - | 18.47 | - | 15.76 | - |
| Q4 2014 | 26.03 | - | 17.60 | - | 16.09 | - |
| 2014 | 102.61 | 5.7 % | 70.67 | (0.6 %) | 62.36 | (1.4 %) |
| Q1 2015 | 29.58 | 24.7 % | 18.23 | 13.8 % | 16.28 | 12.5 % |
| Q2 2015 | 31.72 | 24.3 % | 20.42 | 10.0 % | 18.53 | 15.6 % |
| Q3 2015 | 33.06 | 21.0 % | 19.76 | 7.0 % | 17.09 | 8.4 % |
| Q4 2015 | 32.37 | 24.4 % | 16.66 | (5.4 %) | 13.64 | (15.2 %) |
| 2015 | 126.73 | 23.5 % | 75.08 | 6.2 % | 65.60 | 5.2 % |
| Q1 2016 | 31.69 | 7.1 % | 19.84 | 8.8 % | 16.93 | 4.0 % |
| Q2 2016 | 32.06 | 1.1 % | 20.17 | (1.2 %) | 17.15 | (7.5 %) |
| Q3 2016 | 34.30 | 3.8 % | 20.97 | 6.1 % | 17.64 | 3.2 % |
| Q4 2016 | 33.62 | 3.9 % | 20.98 | 25.9 % | 17.58 | 28.9 % |
| 2016 | 131.67 | 3.9 % | 81.96 | 9.2 % | 69.29 | 5.6 % |
| Q1 2017 | 32.70 | 3.2 % | 20.45 | 3.1 % | 17.69 | 4.5 % |
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| 2007 | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - |
| 2010 | - | - | - | - | - | - |
| 2011 | 85.14 | - | 60.14 | - | 55.83 | - |
| 2012 | 92.54 | 8.7 % | 65.68 | 9.2 % | 57.08 | 2.2 % |
| 2013 | 97.08 | 4.9 % | 71.06 | 8.2 % | 63.23 | 10.8 % |
| 2014 | 102.61 | 5.7 % | 70.67 | (0.6 %) | 62.36 | (1.4 %) |
| 2015 | 126.73 | 23.5 % | 75.08 | 6.2 % | 65.60 | 5.2 % |
| 2016 | 131.67 | 3.9 % | 81.96 | 9.2 % | 69.29 | 5.6 % |
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| Q1 2008 | - | - | - | - | - | - |
| Q2 2008 | - | - | - | - | - | - |
| Q3 2008 | - | - | - | - | - | - |
| Q4 2008 | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - |
| Q1 2009 | - | - | - | - | - | - |
| Q2 2009 | - | - | - | - | - | - |
| Q3 2009 | - | - | - | - | - | - |
| Q4 2009 | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - |
| Q1 2010 | - | - | - | - | - | - |
| Q2 2010 | - | - | - | - | - | - |
| Q3 2010 | - | - | - | - | - | - |
| Q4 2010 | - | - | - | - | - | - |
| 2010 | - | - | - | - | - | - |
| Q1 2011 | - | - | - | - | - | - |
| Q2 2011 | - | - | - | - | - | - |
| Q3 2011 | - | - | - | - | - | - |
| Q4 2011 | - | - | - | - | - | - |
| 2011 | 89.13 | - | 0.95 | - | 89.13 | 0.95 |
| Q1 2012 | - | - | - | - | - | - |
| Q2 2012 | - | - | - | - | - | - |
| Q3 2012 | - | - | - | - | - | - |
| Q4 2012 | - | - | - | - | - | - |
| 2012 | 73.76 | (17.2 %) | 0.79 | - | 73.76 | 0.79 |
| Q1 2013 | - | - | - | - | - | - |
| Q2 2013 | - | - | - | - | - | - |
| Q3 2013 | - | - | - | - | - | - |
| Q4 2013 | - | - | - | - | - | - |
| 2013 | 85.56 | 16.0 % | 0.92 | - | 85.56 | 0.92 |
| Q1 2014 | 21.42 | - | 0.23 | - | 21.42 | 0.23 |
| Q2 2014 | 21.90 | - | 0.23 | - | 21.90 | 0.23 |
| Q3 2014 | 21.88 | - | 0.23 | - | 21.88 | 0.23 |
| Q4 2014 | 21.61 | - | 0.23 | - | 21.61 | 0.23 |
| 2014 | 86.81 | 1.5 % | 0.93 | - | 86.81 | 0.93 |
| Q1 2015 | 23.55 | 10.0 % | 0.25 | - | 23.55 | 0.25 |
| Q2 2015 | 24.67 | 12.6 % | 0.26 | - | 24.67 | 0.26 |
| Q3 2015 | 24.18 | 10.5 % | 0.26 | - | 24.18 | 0.26 |
| Q4 2015 | 21.68 | 0.3 % | 0.23 | - | 21.68 | 0.23 |
| 2015 | 94.07 | 8.4 % | 1.01 | - | 94.07 | 1.01 |
| Q1 2016 | 24.80 | 5.3 % | 0.27 | - | 24.80 | 0.27 |
| Q2 2016 | 24.85 | 0.8 % | 0.27 | - | 24.85 | 0.27 |
| Q3 2016 | 26.37 | 9.1 % | 0.28 | - | 26.37 | 0.28 |
| Q4 2016 | 15.81 | (27.1 %) | 0.17 | - | 15.81 | 0.17 |
| 2016 | 91.82 | (2.4 %) | 0.98 | - | 91.82 | 0.98 |
| Q1 2017 | 49.45 | 99.4 % | 0.53 | - | 26.50 | 0.28 |
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| 2007 | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - |
| 2010 | - | - | - | - | - | - |
| 2011 | 89.13 | - | 0.95 | - | 89.13 | 0.95 |
| 2012 | 73.76 | (17.2 %) | 0.79 | - | 73.76 | 0.79 |
| 2013 | 85.56 | 16.0 % | 0.92 | - | 85.56 | 0.92 |
| 2014 | 86.81 | 1.5 % | 0.93 | - | 86.81 | 0.93 |
| 2015 | 94.07 | 8.4 % | 1.01 | - | 94.07 | 1.01 |
| 2016 | 91.82 | (2.4 %) | 0.98 | - | 91.82 | 0.98 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| 2010 | - | - | - |
| Q1 2011 | - | - | - |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | - | - | - |
| 2011 | 70.63 % | 77.39 % | 104.68 % |
| Q1 2012 | - | - | - |
| Q2 2012 | - | - | - |
| Q3 2012 | - | - | - |
| Q4 2012 | - | - | - |
| 2012 | 70.97 % | 72.93 % | 79.71 % |
| Q1 2013 | - | - | - |
| Q2 2013 | - | - | - |
| Q3 2013 | - | - | - |
| Q4 2013 | - | - | - |
| 2013 | 73.20 % | 75.82 % | 88.13 % |
| Q1 2014 | - | - | - |
| Q2 2014 | - | - | - |
| Q3 2014 | - | - | - |
| Q4 2014 | 68.87 % | 70.94 % | 84.60 % |
| 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 % |
| 2015 | 59.24 % | 61.70 % | 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 % |
| 2016 | 62.25 % | 60.32 % | 69.74 % |
| Q1 2017 | 62.23 % | 60.30 % | 70.49 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | - | - | - |
| 2011 | 70.63 % | 77.39 % | 104.68 % |
| 2012 | 70.97 % | 72.93 % | 79.71 % |
| 2013 | 73.20 % | 75.82 % | 88.13 % |
| 2014 | 68.87 % | 70.94 % | 84.60 % |
| 2015 | 59.24 % | 61.70 % | 74.23 % |
| 2016 | 62.25 % | 60.32 % | 69.74 % |
| 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 | 67.52 % | 72.02 % | 90.25 % |
| Q2 2014 | 72.75 % | 73.02 % | 85.79 % |
| Q3 2014 | 67.59 % | 68.17 % | 80.06 % |
| Q4 2014 | 67.64 % | 70.81 % | 83.05 % |
| Q1 2015 | 61.62 % | 65.51 % | 79.62 % |
| Q2 2015 | 64.39 % | 67.68 % | 77.77 % |
| Q3 2015 | 59.78 % | 61.14 % | 73.13 % |
| Q4 2015 | 51.48 % | 52.74 % | 66.97 % |
| Q1 2016 | 62.61 % | 62.72 % | 78.25 % |
| Q2 2016 | 62.91 % | 62.70 % | 77.51 % |
| Q3 2016 | 61.13 % | 60.79 % | 76.88 % |
| Q4 2016 | 62.41 % | 55.31 % | 47.01 % |
| Q1 2017 | 62.54 % | 62.59 % | 81.06 % |
| 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 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2007 | - | - | - | - |
| 2008 | - | - | - | - |
| 2009 | - | - | - | - |
| 2010 | - | - | - | - |
| 2011 | 93.33 | 0.95 | 0.95 | 5.76 |
| 2012 | 93.33 | 0.79 | 0.79 | 6.55 |
| 2013 | 93.33 | 0.92 | 0.92 | 7.47 |
| 2014 | 93.33 | 0.93 | 0.93 | 8.40 |
| 2015 | 93.33 | 1.01 | 1.01 | 9.41 |
| 2016 | 93.33 | 0.98 | 0.98 | 9.54 |
| 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 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | - | - | - |
| 2011 | - | - | - |
| 2012 | - | - | - |
| 2013 | - | - | - |
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | 14.97 | 14.97 | 1.54 |
Q1 2017
2017
| 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 |
| Period | Retail sector | Hospitality sector | Office sector | Other activities |
|---|---|---|---|---|
| 2016 | 130.64 | - | 1.03 | - |
| Item | Q1 2017 (e) | Q1 2017 (a) | Change |
|---|---|---|---|
| Average | 23.60 | 49.45 | 109.52 % |
| Item | Q1 2017 (e) | Q1 2017 (a) | Change |
|---|---|---|---|
| OSOOL AND BAKHEET | 23.60 | 49.45 | 109.5 % |
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