Alujain makes SAR 2.17 mln net profit in Q1

19/04/2016 Argaam Exclusive

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Alujain Corporation, a Saudi producer of petrochemicals, reported a net profit of SAR 2.17 million for the first quarter of 2016, compared to a net loss of SAR 16.83 million in Q1-2015, backed by higher sales volumes.

The company’s first-quarter profit plunged 92 percent compared to the previous quarter, hurt by lower selling prices, especially for polypropylene compared to other feedstock. In addition, Alujain’s plant was closed for maintenance in Q4-2015 and the first quarter of 2016 due to technical glitches.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2015	Q1 2016	Change‬
Revenues	220.70	305.60	38.5 %
Gross Income	15.04	51.56	242.8 %
Operating Income	(3.29)	28.94	980.3 %
Net Income	(16.83)	2.76	116.4 %
Average Shares	69.20	69.20	-
EPS (Riyals)	(0.24)	0.04	116.4 %

Item	Q4 2015	Q1 2016	Change‬
Revenues	400.80	305.60	(23.8 %)
Gross Income	92.03	51.56	(44.0 %)
Operating Income	72.28	28.94	(60.0 %)
Net Income	27.47	2.76	(90.0 %)
Average Shares	69.20	69.20	-
EPS (Riyals)	0.40	0.04	(90.0 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2007	-	-	-	-	(2.51)	(167.5 %)
Q2 2007	-	-	-	-	(2.63)	(20.6 %)
Q3 2007	-	-	-	-	(32.10)	(1,862.0 %)
Q4 2007	-	-	-	-	(22.16)	(879.2 %)
2007	-	-	-	-	(59.40)	(746.0 %)
Q1 2008	-	-	-	-	(15.99)	(537.2 %)
Q2 2008	-	-	-	-	(15.80)	(500.2 %)
Q3 2008	-	-	-	-	(12.14)	62.2 %
Q4 2008	-	-	-	-	(17.94)	19.1 %
2008	-	-	-	-	(61.86)	(4.1 %)
Q1 2009	-	-	-	-	(17.40)	(8.8 %)
Q2 2009	-	-	-	-	(18.00)	(13.9 %)
Q3 2009	-	-	-	-	(15.15)	(24.8 %)
Q4 2009	-	-	-	-	(17.24)	3.9 %
2009	-	-	-	-	(67.78)	(9.6 %)
Q1 2010	-	-	-	-	(11.72)	32.6 %
Q2 2010	-	-	-	-	(21.92)	(21.8 %)
Q3 2010	313.42	-	64.14	-	43.94	390.0 %
Q4 2010	538.71	-	114.88	-	95.15	652.0 %
2010	852.13	-	179.02	-	105.45	255.6 %
Q1 2011	375.03	-	57.22	-	40.32	443.9 %
Q2 2011	304.45	-	15.06	-	(2.37)	89.2 %
Q3 2011	477.44	52.3 %	84.34	31.5 %	67.36	53.3 %
Q4 2011	314.95	(41.5 %)	2.20	(98.1 %)	(10.78)	(111.3 %)
2011	1,471.87	72.7 %	158.81	(11.3 %)	94.52	(10.4 %)
Q1 2012	561.81	49.8 %	63.15	10.4 %	44.99	11.6 %
Q2 2012	490.50	61.1 %	78.12	418.9 %	58.77	2576.4 %
Q3 2012	522.58	9.5 %	64.47	(23.6 %)	46.38	(31.1 %)
Q4 2012	537.05	70.5 %	86.67	3846.9 %	64.88	701.8 %
2012	2,111.94	43.5 %	292.42	84.1 %	215.01	127.5 %
Q1 2013	271.41	(51.7 %)	19.34	(69.4 %)	0.14	(99.7 %)
Q2 2013	521.09	6.2 %	102.07	30.7 %	83.61	42.3 %
Q3 2013	496.85	(4.9 %)	110.98	72.1 %	90.76	95.7 %
Q4 2013	586.85	9.3 %	111.46	28.6 %	85.19	31.3 %
2013	1,876.20	(11.2 %)	343.85	17.6 %	259.69	20.8 %
Q1 2014	452.75	66.8 %	68.61	254.8 %	50.78	36432.4 %
Q2 2014	559.46	7.4 %	87.52	(14.3 %)	67.82	(18.9 %)
Q3 2014	547.50	10.2 %	114.55	3.2 %	95.20	4.9 %
Q4 2014	572.98	(2.4 %)	163.48	46.7 %	142.19	66.9 %
2014	2,132.70	13.7 %	434.16	26.3 %	355.99	37.1 %
Q1 2015	220.70	(51.3 %)	15.04	(78.1 %)	(3.29)	(106.5 %)
Q2 2015	426.38	(23.8 %)	136.74	56.2 %	117.20	72.8 %
Q3 2015	412.62	(24.6 %)	129.69	13.2 %	109.62	15.1 %
Q4 2015	400.80	(30.0 %)	92.03	(43.7 %)	72.28	(49.2 %)
2015	1,460.50	(31.5 %)	373.50	(14.0 %)	295.81	(16.9 %)
Q1 2016	305.60	38.5 %	51.56	242.8 %	28.94	980.3 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2006	-	-	-	-	(7.02)	(79.4 %)
2007	-	-	-	-	(59.40)	(746.0 %)
2008	-	-	-	-	(61.86)	(4.1 %)
2009	-	-	-	-	(67.78)	(9.6 %)
2010	852.13	-	179.02	-	105.45	255.6 %
2011	1,471.87	72.7 %	158.81	(11.3 %)	94.52	(10.4 %)
2012	2,111.94	43.5 %	292.42	84.1 %	215.01	127.5 %
2013	1,876.20	(11.2 %)	343.85	17.6 %	259.69	20.8 %
2014	2,132.70	13.7 %	434.16	26.3 %	355.99	37.1 %
2015	1,460.50	(31.5 %)	373.50	(14.0 %)	295.81	(16.9 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2007	(2.14)	(204.0 %)	(0.03)	-	(2.14)	(0.03)
Q2 2007	(4.31)	(1,036.7 %)	(0.06)	-	(4.31)	(0.06)
Q3 2007	(13.95)	(1,033.1 %)	(0.20)	-	(13.95)	(0.20)
Q4 2007	(19.05)	(814.4 %)	(0.28)	-	(19.05)	(0.28)
2007	(39.45)	(11338.2 %)	(0.57)	-	(39.45)	(0.57)
Q1 2008	(13.07)	(510.1 %)	(0.19)	-	(13.07)	(0.19)
Q2 2008	(11.64)	(170.2 %)	(0.17)	-	(11.64)	(0.17)
Q3 2008	(10.17)	27.1 %	(0.15)	-	(10.17)	(0.15)
Q4 2008	(30.22)	(58.7 %)	(0.44)	-	(30.22)	(0.44)
2008	(65.10)	(65.0 %)	(0.94)	-	(65.10)	(0.94)
Q1 2009	(10.83)	17.2 %	(0.16)	-	(10.83)	(0.16)
Q2 2009	(9.04)	22.4 %	(0.13)	-	(9.04)	(0.13)
Q3 2009	(9.94)	2.3 %	(0.14)	-	(9.94)	(0.14)
Q4 2009	2.53	108.4 %	0.04	-	2.53	0.04
2009	(27.28)	58.1 %	(0.39)	-	(27.28)	(0.39)
Q1 2010	(6.67)	38.4 %	(0.10)	-	(6.67)	(0.10)
Q2 2010	(7.28)	19.5 %	(0.11)	11.30	(18.58)	(0.27)
Q3 2010	16.44	265.5 %	0.24	-	16.44	0.24
Q4 2010	39.69	1471.8 %	0.57	-	39.69	0.57
2010	42.18	254.6 %	0.61	11.30	30.88	0.45
Q1 2011	11.39	270.8 %	0.16	-	11.39	0.16
Q2 2011	(19.33)	(165.6 %)	(0.28)	-	(19.33)	(0.28)
Q3 2011	22.80	38.7 %	0.33	-	22.80	0.33
Q4 2011	(24.82)	(162.5 %)	(0.36)	-	(24.82)	(0.36)
2011	(9.95)	(123.6 %)	(0.14)	-	(9.95)	(0.14)
Q1 2012	9.60	(15.8 %)	0.14	-	9.60	0.14
Q2 2012	14.36	174.3 %	0.21	-	14.36	0.21
Q3 2012	10.61	(53.5 %)	0.15	-	10.61	0.15
Q4 2012	17.12	169.0 %	0.25	-	17.12	0.25
2012	51.68	619.3 %	0.75	-	51.68	0.75
Q1 2013	(15.89)	(265.6 %)	(0.23)	-	(15.89)	(0.23)
Q2 2013	34.94	143.3 %	0.50	-	34.94	0.50
Q3 2013	56.96	437.1 %	0.82	17.73	39.23	0.57
Q4 2013	33.82	97.5 %	0.49	-	33.82	0.49
2013	109.82	112.5 %	1.59	17.73	92.09	1.33
Q1 2014	14.77	193.0 %	0.21	-	14.77	0.21
Q2 2014	52.57	50.5 %	0.76	29.32	23.25	0.34
Q3 2014	34.85	(38.8 %)	0.50	-	34.85	0.50
Q4 2014	65.19	92.8 %	0.94	-	65.19	0.94
2014	167.38	52.4 %	2.42	29.32	138.06	2.00
Q1 2015	(16.83)	(213.9 %)	(0.24)	-	(16.83)	(0.24)
Q2 2015	50.18	(4.5 %)	0.73	-	50.18	0.73
Q3 2015	45.56	30.7 %	0.66	-	45.56	0.66
Q4 2015	27.47	(57.9 %)	0.40	-	27.47	0.40
2015	106.39	(36.4 %)	1.54	-	106.39	1.54
Q1 2016	2.76	116.4 %	0.04	-	2.76	0.04

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2006	0.35	(89.4 %)	0.01	-	0.35	0.01
2007	(39.45)	(11338.2 %)	(0.57)	-	(39.45)	(0.57)
2008	(65.10)	(65.0 %)	(0.94)	-	(65.10)	(0.94)
2009	(27.28)	58.1 %	(0.39)	-	(27.28)	(0.39)
2010	42.18	254.6 %	0.61	11.30	30.88	0.45
2011	(9.95)	(123.6 %)	(0.14)	-	(9.95)	(0.14)
2012	51.68	619.3 %	0.75	-	51.68	0.75
2013	109.82	112.5 %	1.59	17.73	92.09	1.33
2014	167.38	52.4 %	2.42	29.32	138.06	2.00
2015	106.39	(36.4 %)	1.54	-	106.39	1.54

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	20.46 %	6.33 %	(2.00 %)
Q4 2010	21.01 %	19.94 %	3.62 %
2010	21.01 %	19.94 %	3.62 %
Q1 2011	19.25 %	21.11 %	3.99 %
Q2 2011	16.41 %	20.65 %	3.15 %
Q3 2011	16.01 %	20.87 %	3.22 %
Q4 2011	10.79 %	16.82 %	(0.68 %)
2011	10.79 %	16.82 %	(0.68 %)
Q1 2012	9.93 %	15.21 %	(0.71 %)
Q2 2012	12.35 %	16.96 %	1.19 %
Q3 2012	11.00 %	15.44 %	0.52 %
Q4 2012	13.85 %	19.00 %	2.45 %
2012	13.85 %	19.00 %	2.45 %
Q1 2013	13.65 %	20.08 %	1.44 %
Q2 2013	14.72 %	21.57 %	2.53 %
Q3 2013	17.47 %	24.82 %	4.13 %
Q4 2013	18.33 %	24.00 %	4.91 %
2013	18.33 %	24.00 %	4.91 %
Q1 2014	19.11 %	24.32 %	5.97 %
Q2 2014	18.06 %	23.20 %	5.30 %
Q3 2014	17.80 %	22.74 %	4.97 %
Q4 2014	20.36 %	25.29 %	6.47 %
2014	20.36 %	25.29 %	6.47 %
Q1 2015	20.02 %	25.57 %	5.60 %
Q2 2015	24.32 %	30.57 %	7.55 %
Q3 2015	27.25 %	34.52 %	8.83 %
Q4 2015	25.57 %	34.60 %	7.28 %
2015	25.57 %	34.60 %	7.28 %
Q1 2016	26.53 %	34.30 %	8.15 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	21.01 %	19.94 %	3.62 %
2011	10.79 %	16.82 %	(0.68 %)
2012	13.85 %	19.00 %	2.45 %
2013	18.33 %	24.00 %	4.91 %
2014	20.36 %	25.29 %	6.47 %
2015	25.57 %	34.60 %	7.28 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	20.46 %	21.69 %	5.25 %
Q4 2010	21.33 %	24.82 %	7.37 %
Q1 2011	15.26 %	20.88 %	3.04 %
Q2 2011	4.95 %	11.91 %	(6.35 %)
Q3 2011	17.67 %	22.11 %	4.78 %
Q4 2011	0.70 %	8.69 %	(7.88 %)
Q1 2012	11.24 %	14.78 %	1.71 %
Q2 2012	15.93 %	19.76 %	2.93 %
Q3 2012	12.34 %	16.15 %	2.03 %
Q4 2012	16.14 %	25.50 %	3.19 %
Q1 2013	7.13 %	17.51 %	(5.86 %)
Q2 2013	19.59 %	25.07 %	6.70 %
Q3 2013	22.34 %	27.81 %	7.90 %
Q4 2013	18.99 %	22.81 %	5.76 %
Q1 2014	15.15 %	21.60 %	3.26 %
Q2 2014	15.64 %	20.82 %	4.16 %
Q3 2014	20.92 %	25.58 %	6.37 %
Q4 2014	28.53 %	32.29 %	11.38 %
Q1 2015	6.82 %	20.12 %	(7.63 %)
Q2 2015	32.07 %	40.07 %	11.77 %
Q3 2015	31.43 %	39.57 %	11.04 %
Q4 2015	22.96 %	31.63 %	6.85 %
Q1 2016	16.87 %	22.62 %	0.90 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2007	69.20	(0.02)	(0.02)	10.17
Q2 2007	69.20	(0.07)	(0.07)	10.17
Q3 2007	69.20	(0.26)	(0.26)	9.99
Q4 2007	69.20	(0.57)	(0.57)	9.40
Q1 2008	69.20	(0.73)	(0.73)	8.89
Q2 2008	69.20	(0.83)	(0.83)	9.05
Q3 2008	69.20	(0.78)	(0.78)	8.61
Q4 2008	69.20	(0.94)	(0.94)	7.45
Q1 2009	69.20	(0.91)	(0.91)	7.40
Q2 2009	69.20	(0.87)	(0.87)	7.67
Q3 2009	69.20	(0.87)	(0.87)	7.47
Q4 2009	69.20	(0.39)	(0.39)	7.49
Q1 2010	69.20	(0.33)	(0.33)	7.32
Q2 2010	69.20	(0.31)	(0.47)	7.17
Q3 2010	69.20	0.07	(0.09)	7.25
Q4 2010	69.20	0.61	0.45	8.01
Q1 2011	69.20	0.87	0.71	8.30
Q2 2011	69.20	0.70	0.70	8.02
Q3 2011	69.20	0.79	0.79	8.27
Q4 2011	69.20	(0.14)	(0.14)	8.05
Q1 2012	69.20	(0.17)	(0.17)	8.19
Q2 2012	69.20	0.32	0.32	8.47
Q3 2012	69.20	0.14	0.14	8.62
Q4 2012	69.20	0.75	0.75	8.98
Q1 2013	69.20	0.38	0.38	8.78
Q2 2013	69.20	0.68	0.68	9.39
Q3 2013	69.20	1.35	1.09	10.23
Q4 2013	69.20	1.59	1.33	10.81
Q1 2014	69.20	2.03	1.77	10.99
Q2 2014	69.20	2.28	1.61	11.78
Q3 2014	69.20	1.97	1.54	12.32
Q4 2014	69.20	2.42	2.00	13.26
Q1 2015	69.20	1.96	1.54	12.97
Q2 2015	69.20	1.93	1.93	13.78
Q3 2015	69.20	2.08	2.08	14.44
Q4 2015	69.20	1.54	1.54	14.99
Q1 2016	69.20	1.82	1.82	15.03

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2006	69.20	0.01	0.01	10.15
2007	69.20	(0.57)	(0.57)	9.40
2008	69.20	(0.94)	(0.94)	7.45
2009	69.20	(0.39)	(0.39)	7.49
2010	69.20	0.61	0.45	8.01
2011	69.20	(0.14)	(0.14)	8.05
2012	69.20	0.75	0.75	8.98
2013	69.20	1.59	1.33	10.81
2014	69.20	2.42	2.00	13.26
2015	69.20	1.54	1.54	14.99

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2007	NEG	NEG	2.02
Q2 2007	NEG	NEG	1.97
Q3 2007	NEG	NEG	3.35
Q4 2007	NEG	NEG	5.05
Q1 2008	NEG	NEG	5.57
Q2 2008	NEG	NEG	5.06
Q3 2008	NEG	NEG	3.46
Q4 2008	NEG	NEG	1.45
Q1 2009	NEG	NEG	1.51
Q2 2009	NEG	NEG	2.63
Q3 2009	NEG	NEG	2.64
Q4 2009	NEG	NEG	2.29
Q1 2010	NEG	NEG	2.39
Q2 2010	NEG	NEG	1.81
Q3 2010	More than 100	NEG	2.24
Q4 2010	36.58	49.97	2.78
Q1 2011	24.41	30.05	2.56
Q2 2011	30.37	30.37	2.64
Q3 2011	23.72	23.72	2.26
Q4 2011	NEG	NEG	2.17
Q1 2012	NEG	NEG	2.74
Q2 2012	45.89	45.89	1.72
Q3 2012	More than 100	More than 100	1.98
Q4 2012	18.48	18.48	1.54
Q1 2013	38.44	38.44	1.66
Q2 2013	21.82	21.82	1.57
Q3 2013	13.60	16.80	1.79
Q4 2013	15.88	18.94	2.33
Q1 2014	12.76	14.60	2.36
Q2 2014	10.38	14.78	2.01
Q3 2014	14.00	17.85	2.23
Q4 2014	6.70	8.12	1.22
Q1 2015	10.18	12.99	1.54
Q2 2015	10.93	10.93	1.53
Q3 2015	7.63	7.63	1.10
Q4 2015	9.37	9.37	0.96
Q1 2016	7.84	7.84	0.95

Period	P/E	Adjusted P/E	Price/book
2006	More than 100	More than 100	2.12
2007	NEG	NEG	5.05
2008	NEG	NEG	1.45
2009	NEG	NEG	2.29
2010	36.58	49.97	2.78
2011	NEG	NEG	2.17
2012	18.48	18.48	1.54
2013	15.88	18.94	2.33
2014	6.70	8.12	1.22
2015	9.37	9.37	0.96

Financial Ratios

	Current
Market Cap (M Riyal)	2,916.78
Enterprise Value (EV) (M)	3,809.95
Shares Outstanding ((M))	69.20
EPS ( Riyal) (TTM)	(0.41)
Book Value (BV) ( Riyal)	43.54
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	0.97
Return on Average Assets (%) (TTM)	(0.60 )
Return on Average Equity (%) (TTM)	(1.02 )

Alujain Corp. (ALUJAIN)

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Alujain makes SAR 2.17 mln net profit in Q1

View other reports

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

Alujain Corp. (ALUJAIN)

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