Financial Results : National Building posts 11% profit rise in H1

National Building posts 11% profit rise in H1

01/10/2018 Argaam Exclusive

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Nomu-listed National Building & Marketing Co. reported a net profit after zakat and tax of SAR 12.5 million for H1 2018, a rise of 11.2 percent year-on-year (YoY), thanks to a decline in selling, general and administrative expenses (SG&A).



Financials (M)

Item 6m 2017 6m 2018 Change‬
Revenues 81.25 80.51 (0.9 %)
Gross Income 14.69 16.38 11.5 %
Operating Income 11.22 13.54 20.7 %
Net Income 11.21 12.47 11.2 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.93 1.04 11.2 %

The second-quarter net profit after zakat and tax climbed 64 percent YoY to SAR 5.2 million, driven by lower SG&A.

 

When compared to Q1 2018, net earnings fell by 29.5 percent, on the back of lower sales.



Current Half Annual Comparison (M)

Compared With The
Item H1 2017 H1 2018 Change‬
Revenues 81.25 80.51 (0.9 %)
Gross Income 14.69 16.38 11.5 %
Operating Income 11.22 13.54 20.7 %
Net Income 11.21 12.47 11.2 %
Average Shares 12.00 12.00 -
EPS (Riyals) 0.93 1.04 11.2 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2009 - - - - - -
H2 2009 - - - - - -
H1 2010 - - - - - -
H2 2010 - - - - - -
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 81.25 - 14.69 - 11.22 -
H2 2017 87.11 - 11.18 - 11.67 -
H1 2018 80.51 (0.9 %) 16.38 11.5 % 13.54 20.7 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2009 - - - - - -
H2 2009 - - - - - -
H1 2010 - - - - - -
H2 2010 - - - - - -
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 11.21 - 0.93 - 11.21 0.93
H2 2017 15.58 - 1.30 - 15.58 1.30
H1 2018 12.47 11.2 % 1.04 - 12.47 1.04

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2009 - - -
H2 2009 - - -
H1 2010 - - -
H2 2010 - - -
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 15.36 % 16.79 % 15.91 %
H1 2018 16.44 % 18.28 % 16.74 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2009 - - - -
H2 2009 - - - -
H1 2010 - - - -
H2 2010 - - - -
H1 2011 - - - -
H2 2011 - - - -
H1 2012 - - - -
H2 2012 - - - -
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 12.00 - - 7.02
H2 2017 12.00 2.23 2.23 8.24
H1 2018 12.00 2.34 2.34 8.54

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2009 - - -
H2 2009 - - -
H1 2010 - - -
H2 2010 - - -
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 9.41 9.41 2.58

Current
Market Cap (M Riyal) 2,373.60
Enterprise Value (EV) (M) 2,742.97
Shares Outstanding ((M)) 12.00
Book Value (BV) ( Riyal) 24.65
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
Price/book 8.02

Share Price

National Building and Marketing Co. (NBM)


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