Financial Results : Al-Samaani posts SAR 2 mln profit in H1

Al-Samaani posts SAR 2 mln profit in H1

16/08/2018 Argaam Exclusive

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Nomu-listed Al-Samaani Factory for Metal Industries Co. reported a net profit of SAR 2.4 million for H1 2018. Total sales stood at SAR 22.6 million for the same period.

 

No comparative figures were available, as Al-Samaani converted into a joint stock company on Nov. 8, 2016 to Dec. 31, 2017.



Financials (M)

Item 6m 2017 6m 2018 Change‬
Revenues 23.79 22.62 (4.9 %)
Gross Income 9.55 7.20 (24.6 %)
Operating Income 4.11 2.54 (38.1 %)
Net Income 3.65 2.35 (35.6 %)
Average Shares 153.96 153.96 -
EPS (Riyals) 0.02 0.02 (35.6 %)

The second-quarter net profit dropped 22.9 percent year-on-year to SAR 833,141, due to an increase in the cost of goods sold as well as high selling, general and administrative expenses, financing charges and zakat provision.

 

When compared to Q1 2018, net profit also fell 45 percent, on the back of lower sales and seasonal factors.



Current Half Annual Comparison (M)

Compared With The
Item H1 2017 H1 2018 Change‬
Revenues 9.04 10.68 18.2 %
Gross Income 3.16 3.14 (0.6 %)
Operating Income 1.11 0.87 (21.3 %)
Net Income 1.08 0.83 (22.9 %)
Average Shares 153.96 153.96 -
EPS (Riyals) 0.01 0.01 (22.9 %)


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 9.04 - 3.16 - 1.11 -
H2 2017 11.76 - 4.36 - 0.87 -
H1 2018 10.68 18.2 % 3.14 (0.6 %) 0.87 (21.3 %)


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 1.08 - 0.01 - 1.08 0.01
H2 2017 0.89 - 0.01 - 0.89 0.01
H1 2018 0.83 (22.9 %) 0.01 - 0.83 0.01

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 37.41 % 16.36 % 12.30 %
H1 2018 33.17 % 12.90 % 9.74 %


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 153.96 - - 0.24
H2 2017 153.96 0.04 0.04 0.25
H1 2018 153.96 0.03 0.03 0.25

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 - - 4.24
H2 2017 24.63 24.63 3.61
H1 2018 31.84 31.84 3.58

Business Segments (Million)

Compared With The
Period Steel Wood Others Metal products and metal shelves Wooden Pallets Plastic Pallets Forklifts
Q2 2017 6.87 1.89 0.28 - - - -
Q2 2018 7.56 1.60 1.52 - - - -


Financial Ratios
Current
Market Cap (M Riyal) 581.00
Enterprise Value (EV) (M) 541.19
Shares Outstanding ((M)) 175.00
Book Value (BV) ( Riyal) 0.98
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
Price/book 3.38
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