Zahrat Al Waha for Trading Co. reported a net profit after zakat and tax of SAR 34.2 million for the first nine months of 2019 as compared to SAR 21.6 million in the same period last year, an increase of 58.4 percent year-on-year (YoY).
The profit increase is attributed to higher sales, the firm said in a bourse statement.
| Item | 9m 2018 | 9m 2019 | Change |
|---|---|---|---|
| Revenues | 380.01 | 410.31 | 8.0 % |
| Gross Income | 44.59 | 58.31 | 30.8 % |
| Operating Income | 33.76 | 46.13 | 36.7 % |
| Net Income | 21.61 | 34.24 | 58.4 % |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 0.96 | 1.52 | 58.4 % |
The company also reported a net profit after Zakat and tax of SAR 14.97 million in the third quarter of 2019 as compared to SAR 9.5 million for the same quarter last year, up 57.4 percent YoY, on higher sales, decreased cost of sales and lower cost of financing.
On a sequential basis, Zahrat Al Waha posted a 47.6 percent rise in net profit on higher sales.
| Item | Q3 2018 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 141.57 | 147.00 | 3.8 % |
| Gross Income | 17.40 | 23.48 | 34.9 % |
| Operating Income | 14.09 | 18.82 | 33.6 % |
| Net Income | 9.52 | 14.97 | 57.4 % |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 0.42 | 0.67 | 57.4 % |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2019 | 129.89 | 32.9 % | 16.80 | 57.0 % | 9.13 | 114.8 % | 0.41 |
| Q2 2019 | 133.42 | (5.2 %) | 18.04 | 9.4 % | 10.14 | 29.2 % | 0.45 |
| Q3 2019 | 147.00 | 3.8 % | 23.48 | 34.9 % | 14.97 | 57.4 % | 0.67 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2019 | 13.66 % | 15.58 % | 7.59 % |
| Q2 2019 | 14.16 % | 16.27 % | 8.15 % |
| Q3 2019 | 15.18 % | 17.17 % | 9.12 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2019 | 22.50 | 1.76 | 1.76 | 8.97 |
| Q2 2019 | 22.50 | 1.86 | 1.86 | 8.76 |
| Q3 2019 | 22.50 | 2.10 | 2.10 | 9.42 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2019 | 15.55 | 15.55 | 3.05 |
| Q2 2019 | 14.31 | 14.31 | 3.04 |
| Q3 2019 | 14.34 | 14.34 | 3.20 |
Q3 2019
| Period | Flasks sector | Plastic covers sector |
|---|---|---|
| Q1 2019 | 112.59 | 17.30 |
| Q2 2019 | 112.71 | 20.71 |
| Q3 2019 | 123.17 | 23.83 |
| Item | Q3 2019 (e) | Q3 2019 (a) | Change |
|---|---|---|---|
| Average | 13.00 | 14.97 | 15.18 % |
| Item | Q3 2019 (e) | Q3 2019 (a) | Change |
|---|---|---|---|
| OSOOL AND BAKHEET | 13.00 | 14.97 | 15.2 % |
| Current | |
| Market Cap (M Riyal) | 885.38 |
| Enterprise Value (EV) (M) | 1,105.47 |
| Shares Outstanding ((M)) | 22.50 |
| EPS ( Riyal) (TTM) | 1.58 |
| Book Value (BV) ( Riyal) | 14.22 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 24.83 |
| P/E (TTM) | 24.83 |
| Price/book | 2.77 |
| Return on Average Assets (%) (TTM) | 6.0 |
| Return on Average Equity (%) (TTM) | 11.5 |
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