Financial Results : Al-Samaani posts SAR 1.9 mln loss in FY19

Al-Samaani posts SAR 1.9 mln loss in FY19

29/03/2020 Argaam Exclusive

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Al-Samaani Factory for Metal Industries Co. posted a net loss after Zakat and tax of SAR 1.9 million for the fiscal year 2019, against a net profit of SAR 459,000 a year earlier.

 

The losses were attributed to lower selling prices amid fierce competition. Moreover, selling, general and administrative expenses also increased despite a decline in loan and Zakat provisions, finance costs as well as other income.



Financials (M)

Item 2018 2019 Change‬
Revenues 39.53 42.04 6.3 %
Gross Income 10.78 9.81 (9.0 %)
Operating Income 1.28 (1.67) (230.5 %)
Net Income 0.46 (1.90) (513.9 %)
Average Shares 153.96 153.96 -
Earnings Per Share before unusual items (Riyals) 0.01 (0.01) (248.6 %)
EPS (Riyals) 0.00 (0.01) (513.9 %)

In Q4 2019, the company also trimmed net losses to SAR 1.5 million, from SAR 2.8 million in year-earlier period.



Current Half Annual Comparison (M)

Compared With The
Item H2 2018 H2 2019 Change‬
Revenues 7.65 11.19 46.2 %
Gross Income 0.41 2.28 453.0 %
Operating Income (2.19) (1.33) 39.3 %
Net Income (2.75) (1.54) 44.2 %
Average Shares 153.96 153.96 -
Earnings Per Share before unusual items (Riyals) (0.01) (0.01) 20.5 %
EPS (Riyals) (0.02) (0.01) 44.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
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
H2 2018 (2.75) (409.7 %) (0.02) (0.82) (1.93) (0.01)
H1 2019 0.23 (72.7 %) 0.00 - 0.23 0.00
H2 2019 (1.54) 44.2 % (0.01) - (1.54) (0.01)
2019 (1.90) (513.9 %) (0.01) - (1.90) (0.01)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %)
H2 2018 7.65 (34.9 %) 0.41 (90.5 %) (2.19) (351.0 %)
H1 2019 11.02 3.2 % 2.66 (15.5 %) 0.16 (81.2 %)
H2 2019 11.19 46.2 % 2.28 453.0 % (1.33) 39.3 %
2019 42.04 6.3 % 9.81 (9.0 %) (1.67) (230.5 %)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
H2 2018 27.28 % 6.11 % 3.24 %
H1 2019 22.35 % (1.91 %) (4.74 %)
H2 2019 23.34 % (0.62 %) (4.53 %)
2019 23.34 % (0.62 %) (4.53 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
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
H2 2018 153.96 0.00 0.01 0.24
H1 2019 153.96 (0.02) (0.01) 0.22
H2 2019 153.96 (0.01) (0.01) 0.21

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
H2 2018 More than 100 89.56 3.14
H1 2019 NEG NEG 3.71
H2 2019 NEG NEG 11.71

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 - - - -
Q4 2018 4.74 1.70 1.21 - - - -
Q2 2019 7.64 2.46 0.93 - - - -
Q4 2019 7.60 3.38 0.21 - - - -


Financial Ratios
Current
Market Cap (M Riyal) 546.00
Enterprise Value (EV) (M) 560.36
Shares Outstanding ((M)) 175.00
Book Value (BV) ( Riyal) 0.96
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
Price/book 3.26
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Share Price

Sadr Logistics Co.
3.12
0.02 0.65 %

Sadr Logistics Co. (SADR)

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