Savola's net profit more than doubles in H1 2019

20/08/2019 Argaam Exclusive

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Savola Group has reported net profit after zakat and tax of SAR 116.6 million, rising by more than twofold year-on-year (YoY) in the first half of 2019, driven by lower operating costs, in addition to writing back non-recurring zakat and tax provisions.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	11,255.56	11,026.56	(2.0 %)
Gross Income	1,975.36	2,228.63	12.8 %
Operating Income	(54.45)	246.45	552.7 %
Net Income	56.34	116.56	106.9 %
Average Shares	533.98	533.98	-
EPS (Riyals)	0.11	0.22	106.9 %

Second quarter earnings declined 21.7 percent year-on-year (YoY) to SAR 110.2 million, on lower profit share from an associate and higher zakat and taxes.

On a sequential basis, net profit sharply increased, from SAR 6.3 million in Q1 2019, due to higher sales revenue, and increased gross profit from the food sector.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	6,147.58	5,812.70	(5.4 %)
Gross Income	1,066.86	1,163.16	9.0 %
Operating Income	0.33	154.71	46925.2 %
Net Income	140.65	110.23	(21.6 %)
Average Shares	533.98	533.98	-
EPS (Riyals)	0.26	0.21	(21.6 %)

Item	Q1 2019	Q2 2019	Change‬
Revenues	5,387.89	5,812.70	7.9 %
Gross Income	1,065.47	1,163.16	9.2 %
Operating Income	91.74	154.71	68.6 %
Net Income	6.33	110.23	1641.4 %
Average Shares	533.98	533.98	-
EPS (Riyals)	0.01	0.21	1641.4 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2010	4,778.78	31.5 %	804.53	30.5 %	177.30	18.4 %
Q2 2010	4,868.07	11.7 %	709.82	(8.6 %)	135.85	(35.8 %)
Q3 2010	5,657.53	10.9 %	906.14	(4.4 %)	297.28	(20.5 %)
Q4 2010	5,725.10	18.7 %	994.74	29.7 %	331.52	58.3 %
2010	21,029.47	17.4 %	3,415.24	9.9 %	941.95	(0.3 %)
Q1 2011	5,641.74	18.1 %	866.33	7.7 %	209.35	18.1 %
Q2 2011	6,312.58	29.7 %	959.88	35.2 %	277.91	104.6 %
Q3 2011	6,816.63	20.5 %	981.97	8.4 %	307.72	3.5 %
Q4 2011	6,424.75	12.2 %	1,162.55	16.9 %	468.45	41.3 %
2011	25,195.70	19.8 %	3,970.72	16.3 %	1,263.44	34.1 %
Q1 2012	6,588.97	16.8 %	995.71	14.9 %	315.15	50.5 %
Q2 2012	6,989.08	10.7 %	1,193.39	24.3 %	449.42	61.7 %
Q3 2012	6,869.78	0.8 %	1,161.19	18.3 %	432.29	40.5 %
Q4 2012	6,943.66	8.1 %	1,411.28	21.4 %	607.10	29.6 %
2012	27,391.49	8.7 %	4,761.57	19.9 %	1,803.96	42.8 %
Q1 2013	7,189.86	9.1 %	1,390.62	39.7 %	601.26	90.8 %
Q2 2013	6,723.33	(3.8 %)	1,263.61	5.9 %	479.79	6.8 %
Q3 2013	6,320.13	(8.0 %)	1,167.37	0.5 %	399.06	(7.7 %)
Q4 2013	5,047.40	(27.3 %)	951.93	(32.5 %)	249.23	(58.9 %)
2013	25,280.72	(7.7 %)	4,773.54	0.3 %	1,729.35	(4.1 %)
Q1 2014	6,240.84	(13.2 %)	1,092.94	(21.4 %)	297.17	(50.6 %)
Q2 2014	7,336.58	9.1 %	1,251.38	(1.0 %)	402.68	(16.1 %)
Q3 2014	6,150.04	(2.7 %)	1,150.73	(1.4 %)	362.59	(9.1 %)
Q4 2014	6,860.38	35.9 %	1,368.67	43.8 %	414.67	66.4 %
2014	26,587.84	5.2 %	4,863.72	1.9 %	1,477.10	(14.6 %)
Q1 2015	6,223.71	(0.3 %)	1,159.16	6.1 %	227.93	(23.3 %)
Q2 2015	7,036.49	(4.1 %)	1,353.24	8.1 %	326.05	(19.0 %)
Q3 2015	5,603.56	(8.9 %)	1,238.87	7.7 %	245.60	(32.3 %)
Q4 2015	6,261.83	(8.7 %)	1,274.13	(6.9 %)	189.68	(54.3 %)
2015	25,125.60	(5.5 %)	5,025.39	3.3 %	989.26	(33.0 %)
Q1 2016	6,421.75	3.2 %	1,273.15	9.8 %	242.12	6.2 %
Q2 2016	7,140.78	1.5 %	1,332.79	(1.5 %)	217.40	(33.3 %)
Q3 2016	6,154.31	9.8 %	1,182.55	(4.5 %)	113.77	(53.7 %)
Q4 2016	6,613.95	5.6 %	864.48	(32.2 %)	(228.79)	(220.6 %)
2016	26,330.80	4.8 %	4,652.96	(7.4 %)	344.50	(65.2 %)
Q1 2017	5,786.91	(9.9 %)	1,040.13	(18.3 %)	18.06	(92.5 %)
Q2 2017	6,653.26	(6.8 %)	1,140.04	(14.5 %)	74.96	(65.5 %)
Q3 2017	5,595.78	(9.1 %)	1,053.79	(10.9 %)	25.93	(77.2 %)
Q4 2017	5,794.53	(12.4 %)	1,160.16	34.2 %	154.73	167.6 %
2017	23,830.48	(9.5 %)	4,394.12	(5.6 %)	272.89	(20.8 %)
Q1 2018	5,107.98	(11.7 %)	908.50	(12.7 %)	(54.78)	(403.3 %)
Q2 2018	6,147.58	(7.6 %)	1,066.86	(6.4 %)	0.33	(99.6 %)
Q3 2018	5,212.03	(6.9 %)	932.00	(11.6 %)	(36.92)	(242.4 %)
Q4 2018	5,346.97	(7.7 %)	990.60	(14.6 %)	(6.51)	(104.2 %)
2018	21,814.56	(8.5 %)	3,897.96	(11.3 %)	(97.87)	(135.9 %)
Q1 2019	5,387.89	5.5 %	1,065.47	17.3 %	91.74	267.5 %
Q2 2019	5,812.70	(5.4 %)	1,163.16	9.0 %	154.71	46925.2 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2009	17,917.20	29.6 %	3,107.32	71.3 %	944.96	318.5 %
2010	21,029.47	17.4 %	3,415.24	9.9 %	941.95	(0.3 %)
2011	25,195.70	19.8 %	3,970.72	16.3 %	1,263.44	34.1 %
2012	27,391.49	8.7 %	4,761.57	19.9 %	1,803.96	42.8 %
2013	25,280.72	(7.7 %)	4,773.54	0.3 %	1,729.35	(4.1 %)
2014	26,587.84	5.2 %	4,863.72	1.9 %	1,477.10	(14.6 %)
2015	25,125.60	(5.5 %)	5,025.39	3.3 %	989.26	(33.0 %)
2016	26,330.80	4.8 %	4,652.96	(7.4 %)	344.50	(65.2 %)
2017	23,830.48	(9.5 %)	4,394.12	(5.6 %)	272.89	(20.8 %)
2018	21,814.56	(8.5 %)	3,897.96	(11.3 %)	(97.87)	(135.9 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2010	394.04	104.6 %	0.79	-	195.98	0.39
Q2 2010	207.65	(2.3 %)	0.42	-	206.64	0.41
Q3 2010	282.99	1.8 %	0.57	-	281.10	0.56
Q4 2010	2.02	(99.2 %)	0.00	-	119.86	0.24
2010	886.70	(6.8 %)	1.77	-	803.57	1.61
Q1 2011	165.16	(58.1 %)	0.33	-	165.16	0.33
Q2 2011	230.74	11.1 %	0.46	-	230.74	0.46
Q3 2011	307.89	8.8 %	0.62	-	307.89	0.62
Q4 2011	498.59	24607.3 %	1.00	-	345.81	0.69
2011	1,202.38	35.6 %	2.40	-	1,049.60	2.10
Q1 2012	242.31	46.7 %	0.48	-	242.31	0.48
Q2 2012	341.32	47.9 %	0.68	-	341.32	0.68
Q3 2012	405.22	31.6 %	0.81	-	405.22	0.81
Q4 2012	413.36	(17.1 %)	0.83	-	366.71	0.73
2012	1,402.21	16.6 %	2.80	-	1,355.56	2.71
Q1 2013	295.20	21.8 %	0.58	-	295.20	0.58
Q2 2013	387.76	13.6 %	0.76	-	387.76	0.76
Q3 2013	457.36	12.9 %	0.90	-	457.36	0.90
Q4 2013	564.16	36.5 %	1.11	-	363.23	0.71
2013	1,704.48	21.6 %	3.35	-	1,503.55	2.96
Q1 2014	423.26	43.4 %	0.79	-	418.24	0.78
Q2 2014	513.27	32.4 %	0.96	-	477.33	0.89
Q3 2014	701.43	53.4 %	1.31	-	495.69	0.93
Q4 2014	434.36	(23.0 %)	0.81	-	488.48	0.91
2014	2,072.32	21.6 %	3.88	-	1,879.73	3.52
Q1 2015	470.51	11.2 %	0.88	-	243.12	0.46
Q2 2015	434.37	(15.4 %)	0.81	-	435.03	0.81
Q3 2015	371.56	(47.0 %)	0.70	-	365.84	0.69
Q4 2015	515.32	18.6 %	0.97	-	316.13	0.59
2015	1,791.75	(13.5 %)	3.36	-	1,360.11	2.55
Q1 2016	119.38	(74.6 %)	0.22	-	226.69	0.42
Q2 2016	253.52	(41.6 %)	0.47	-	295.78	0.55
Q3 2016	179.51	(51.7 %)	0.34	-	182.64	0.34
Q4 2016	(915.70)	(277.7 %)	(1.71)	-	(318.23)	(0.60)
2016	(363.29)	(120.3 %)	(0.68)	-	386.87	0.72
Q1 2017	4.78	(96.0 %)	0.01	-	(10.83)	(0.02)
Q2 2017	229.31	(9.5 %)	0.43	-	161.17	0.30
Q3 2017	829.04	361.8 %	1.55	-	135.10	0.25
Q4 2017	(37.51)	95.9 %	(0.07)	-	184.51	0.35
2017	1,025.62	382.3 %	1.92	-	469.95	0.88
Q1 2018	(84.32)	(1864.7 %)	(0.16)	-	(87.58)	(0.16)
Q2 2018	140.65	(38.7 %)	0.26	-	140.65	0.26
Q3 2018	(50.73)	(106.1 %)	(0.09)	-	(50.73)	(0.09)
Q4 2018	(525.99)	(1,302.2 %)	(0.99)	-	(225.70)	(0.42)
2018	(520.38)	(150.7 %)	(0.97)	-	(223.36)	(0.42)
Q1 2019	6.33	107.5 %	0.01	-	(36.38)	(0.07)
Q2 2019	110.23	(21.6 %)	0.21	-	102.67	0.19

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2009	951.57	370.2 %	1.90	-	633.45	1.27
2010	886.70	(6.8 %)	1.77	-	803.57	1.61
2011	1,202.38	35.6 %	2.40	-	1,049.60	2.10
2012	1,402.21	16.6 %	2.80	-	1,355.56	2.71
2013	1,704.48	21.6 %	3.35	-	1,503.55	2.96
2014	2,072.32	21.6 %	3.88	-	1,879.73	3.52
2015	1,791.75	(13.5 %)	3.36	-	1,360.11	2.55
2016	(363.29)	(120.3 %)	(0.68)	-	386.87	0.72
2017	1,025.62	382.3 %	1.92	-	469.95	0.88
2018	(520.38)	(150.7 %)	(0.97)	-	(223.36)	(0.42)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	17.29 %	8.89 %	3.34 %
Q2 2010	16.50 %	8.17 %	3.22 %
Q3 2010	15.84 %	7.64 %	3.15 %
Q4 2010	16.24 %	8.34 %	3.82 %
2010	16.24 %	8.34 %	3.82 %
Q1 2011	15.88 %	8.17 %	3.53 %
Q2 2011	15.97 %	8.13 %	3.41 %
Q3 2011	15.52 %	7.78 %	3.36 %
Q4 2011	15.76 %	7.23 %	4.17 %
2011	15.76 %	7.23 %	4.17 %
Q1 2012	15.68 %	7.39 %	4.31 %
Q2 2012	16.16 %	7.80 %	4.61 %
Q3 2012	16.79 %	8.26 %	4.97 %
Q4 2012	17.38 %	8.64 %	4.95 %
2012	17.38 %	8.64 %	4.95 %
Q1 2013	18.42 %	9.48 %	5.03 %
Q2 2013	18.85 %	9.69 %	5.25 %
Q3 2013	19.25 %	9.79 %	5.55 %
Q4 2013	18.88 %	9.44 %	5.95 %
2013	18.88 %	9.44 %	5.95 %
Q1 2014	18.40 %	8.63 %	6.69 %
Q2 2014	17.89 %	8.17 %	6.88 %
Q3 2014	17.95 %	8.18 %	7.08 %
Q4 2014	18.29 %	7.92 %	7.07 %
2014	18.29 %	7.92 %	7.07 %
Q1 2015	18.55 %	7.64 %	6.42 %
Q2 2015	19.15 %	7.48 %	6.33 %
Q3 2015	19.90 %	7.24 %	5.96 %
Q4 2015	20.00 %	6.42 %	5.41 %
2015	20.00 %	6.42 %	5.41 %
Q1 2016	20.29 %	6.53 %	5.31 %
Q2 2016	20.13 %	6.32 %	4.74 %
Q3 2016	19.49 %	5.49 %	3.93 %
Q4 2016	17.67 %	4.04 %	1.47 %
2016	17.67 %	4.04 %	1.47 %
Q1 2017	17.20 %	3.34 %	0.58 %
Q2 2017	16.77 %	2.54 %	0.06 %
Q3 2017	16.63 %	2.63 %	(0.13 %)
Q4 2017	18.44 %	4.53 %	1.97 %
2017	18.44 %	4.52 %	1.97 %
Q1 2018	18.41 %	4.31 %	1.70 %
Q2 2018	18.50 %	4.33 %	1.65 %
Q3 2018	18.27 %	3.89 %	0.84 %
Q4 2018	17.87 %	3.05 %	(1.02 %)
2018	17.87 %	3.05 %	(1.02 %)
Q1 2019	18.35 %	4.18 %	(0.78 %)
Q2 2019	19.08 %	5.40 %	(0.97 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	17.34 %	9.16 %	3.54 %
2010	16.24 %	8.34 %	3.82 %
2011	15.76 %	7.23 %	4.17 %
2012	17.38 %	8.64 %	4.95 %
2013	18.88 %	9.44 %	5.95 %
2014	18.29 %	7.92 %	7.07 %
2015	20.00 %	6.42 %	5.41 %
2016	17.67 %	4.04 %	1.47 %
2017	18.44 %	4.52 %	1.97 %
2018	17.87 %	3.05 %	(1.02 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	16.84 %	6.48 %	4.10 %
Q2 2010	14.58 %	6.37 %	4.24 %
Q3 2010	16.02 %	7.66 %	4.97 %
Q4 2010	17.38 %	12.25 %	2.09 %
Q1 2011	15.36 %	6.09 %	2.93 %
Q2 2011	15.21 %	6.63 %	3.66 %
Q3 2011	14.41 %	6.49 %	4.52 %
Q4 2011	18.09 %	9.61 %	5.38 %
Q1 2012	15.11 %	6.89 %	3.68 %
Q2 2012	17.08 %	8.26 %	4.88 %
Q3 2012	16.90 %	8.31 %	5.90 %
Q4 2012	20.32 %	11.03 %	5.28 %
Q1 2013	19.34 %	10.27 %	4.11 %
Q2 2013	18.79 %	9.11 %	5.77 %
Q3 2013	18.47 %	8.60 %	7.24 %
Q4 2013	18.86 %	9.75 %	7.20 %
Q1 2014	17.51 %	7.23 %	6.70 %
Q2 2014	17.06 %	7.52 %	6.51 %
Q3 2014	18.71 %	8.64 %	8.06 %
Q4 2014	19.95 %	8.31 %	7.12 %
Q1 2015	18.62 %	6.03 %	3.91 %
Q2 2015	19.23 %	6.93 %	6.18 %
Q3 2015	22.11 %	7.65 %	6.53 %
Q4 2015	20.35 %	5.14 %	5.05 %
Q1 2016	19.83 %	6.48 %	3.53 %
Q2 2016	18.66 %	6.18 %	4.14 %
Q3 2016	19.21 %	4.03 %	2.97 %
Q4 2016	13.07 %	(0.63 %)	(4.81 %)
Q1 2017	17.97 %	3.65 %	(0.19 %)
Q2 2017	17.14 %	3.34 %	2.42 %
Q3 2017	18.83 %	4.61 %	2.41 %
Q4 2017	20.02 %	6.69 %	3.18 %
Q1 2018	17.79 %	2.57 %	(1.71 %)
Q2 2018	17.35 %	3.30 %	2.29 %
Q3 2018	17.88 %	2.76 %	(0.97 %)
Q4 2018	18.53 %	3.49 %	(4.22 %)
Q1 2019	19.78 %	7.25 %	(0.68 %)
Q2 2019	20.01 %	7.82 %	1.77 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2010	500.00	2.31	1.27	14.74
Q2 2010	500.00	2.30	1.26	14.23
Q3 2010	500.00	2.31	1.27	14.47
Q4 2010	500.00	1.77	1.61	14.04
Q1 2011	500.00	1.32	1.55	14.02
Q2 2011	500.00	1.36	1.59	14.29
Q3 2011	500.00	1.41	1.65	14.56
Q4 2011	500.00	2.40	2.10	15.44
Q1 2012	500.00	2.56	2.25	16.57
Q2 2012	500.00	2.78	2.47	15.91
Q3 2012	500.00	2.97	2.67	16.29
Q4 2012	500.00	2.80	2.71	16.57
Q1 2013	508.50	2.86	2.77	15.94
Q2 2013	508.50	2.95	2.86	16.21
Q3 2013	508.50	3.06	2.96	16.64
Q4 2013	508.50	3.35	2.96	18.07
Q1 2014	533.98	3.43	3.05	18.56
Q2 2014	533.98	3.67	3.21	18.52
Q3 2014	533.98	4.12	3.29	19.36
Q4 2014	533.98	3.88	3.52	18.66
Q1 2015	533.98	3.97	3.19	18.92
Q2 2015	533.98	3.82	3.11	19.62
Q3 2015	533.98	3.20	2.87	19.24
Q4 2015	533.98	3.36	2.55	19.76
Q1 2016	533.98	2.70	2.52	18.43
Q2 2016	533.98	2.36	2.26	18.57
Q3 2016	533.98	2.00	1.91	18.50
Q4 2016	533.98	(0.68)	0.72	15.39
Q1 2017	533.98	(0.89)	0.28	15.39
Q2 2017	533.98	(0.94)	0.03	15.76
Q3 2017	533.98	0.28	(0.06)	17.22
Q4 2017	533.98	1.92	0.88	16.53
Q1 2018	533.98	1.75	0.74	16.08
Q2 2018	533.98	1.59	0.70	15.39
Q3 2018	533.98	(0.06)	0.35	14.30
Q4 2018	533.98	(0.97)	(0.42)	13.35
Q1 2019	533.98	(0.80)	(0.32)	13.37
Q2 2019	533.98	(0.86)	(0.39)	13.55

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	500.00	1.90	1.27	13.92
2010	500.00	1.77	1.61	14.04
2011	500.00	2.40	2.10	15.44
2012	500.00	2.80	2.71	16.57
2013	508.50	3.35	2.96	18.07
2014	533.98	3.88	3.52	18.66
2015	533.98	3.36	2.55	19.76
2016	533.98	(0.68)	0.72	15.39
2017	533.98	1.92	0.88	16.53
2018	533.98	(0.97)	(0.42)	13.35

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2010	16.53	29.93	2.59
Q2 2010	16.28	29.62	2.63
Q3 2010	15.83	28.79	2.52
Q4 2010	19.27	21.26	2.43
Q1 2011	22.65	19.28	2.12
Q2 2011	21.33	18.23	2.03
Q3 2011	19.67	16.86	1.91
Q4 2011	12.75	14.60	1.98
Q1 2012	14.36	16.30	2.22
Q2 2012	13.33	14.98	2.33
Q3 2012	13.89	15.48	2.54
Q4 2012	15.23	15.76	2.58
Q1 2013	15.23	15.73	2.78
Q2 2013	17.07	17.62	3.16
Q3 2013	18.39	18.96	3.43
Q4 2013	19.66	22.29	3.47
Q1 2014	19.60	22.08	3.62
Q2 2014	18.83	21.48	3.73
Q3 2014	20.17	25.31	4.30
Q4 2014	20.28	22.36	4.22
Q1 2015	17.22	21.41	3.61
Q2 2015	17.92	21.99	3.49
Q3 2015	18.10	20.20	3.01
Q4 2015	14.97	19.72	2.54
Q1 2016	15.48	16.59	2.27
Q2 2016	15.45	16.16	1.96
Q3 2016	15.94	16.67	1.72
Q4 2016	NEG	55.38	2.61
Q1 2017	NEG	More than 100	2.68
Q2 2017	NEG	More than 100	3.20
Q3 2017	More than 100	NEG	2.65
Q4 2017	20.56	44.87	2.39
Q1 2018	25.21	60.05	2.75
Q2 2018	23.46	53.37	2.42
Q3 2018	NEG	86.16	2.11
Q4 2018	NEG	NEG	2.01
Q1 2019	NEG	NEG	2.34
Q2 2019	NEG	NEG	2.40

Period	P/E	Adjusted P/E	Price/book
2009	16.95	25.46	2.32
2010	19.27	21.26	2.43
2011	12.75	14.60	1.98
2012	15.23	15.76	2.58
2013	19.66	22.29	3.47
2014	20.28	22.36	4.22
2015	14.97	19.72	2.54
2016	NEG	55.38	2.61
2017	20.56	44.87	2.39
2018	NEG	NEG	2.01

Business Segments (Million)

Compared With The

Period	Food sector	Retail sector	Food services	Frozen food	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
Q1 2010	-	1,871.14	-	-	-	-	2,907.64	-
Q2 2010	-	1,902.50	-	-	-	-	2,965.56	-
Q3 2010	-	2,245.91	-	-	-	-	3,411.62	-
Q4 2010	12,026.53	2,163.12	-	-	154.59	883.98	(9284.82)	(218.30)
Q1 2011	3,296.45	2,161.01	-	-	32.59	209.36	-	(57.66)
Q2 2011	3,875.14	2,216.41	-	-	26.04	261.85	-	(68.54)
Q3 2011	4,069.58	2,489.74	-	-	34.65	274.60	-	(50.26)
Q4 2011	3,982.74	2,314.39	-	-	29.54	255.73	-	(157.65)
Q1 2012	4,068.67	2,329.29	-	-	20.45	236.24	-	(65.67)
Q2 2012	4,327.47	2,427.10	-	-	19.71	290.20	-	(75.41)
Q3 2012	3,915.84	2,722.23	-	-	19.71	273.72	-	(61.72)
Q4 2012	4,076.70	2,677.90	-	-	78.67	253.03	-	(142.63)
Q1 2013	4,386.49	2,606.25	-	-	19.29	249.06	-	(71.22)
Q2 2013	3,859.23	2,635.50	-	-	19.29	304.51	-	(95.20)
Q3 2013	3,241.41	2,813.52	-	-	19.29	304.95	-	(59.03)
Q4 2013	3,065.27	2,869.33	-	-	83.10	(858.51)	-	(111.80)
Q1 2014	3,463.82	2,818.18	-	-	16.37	-	-	(57.53)
Q2 2014	4,119.66	3,283.45	-	-	15.32	-	-	(81.85)
Q3 2014	3,336.91	2,868.20	-	-	15.33	-	-	(70.40)
Q4 2014	3,671.56	3,234.54	-	-	80.15	-	-	(125.88)
Q1 2015	3,086.66	3,192.49	-	-	14.69	-	-	(70.13)
Q2 2015	3,369.06	3,781.59	-	-	14.69	-	-	(128.85)
Q3 2015	2,553.93	3,091.95	-	-	14.69	-	-	(57.01)
Q4 2015	2,802.55	3,466.70	-	-	100.78	-	-	(108.20)
Q1 2016	2,924.81	3,271.22	283.55	-	13.75	-	-	(71.58)
Q2 2016	3,102.65	3,873.85	277.73	-	13.75	-	-	(127.20)
Q3 2016	2,717.25	3,174.73	315.17	-	13.75	-	-	(66.58)
Q4 2016	3,142.01	3,252.58	280.23	-	96.36	-	-	(157.23)
Q1 2017	2,954.09	2,674.10	275.01	-	11.54	-	-	(127.83)
Q2 2017	3,145.94	3,331.50	272.10	-	11.61	-	-	(107.89)
Q3 2017	2,698.83	2,653.43	311.72	-	11.61	-	-	(79.82)
Q4 2017	2,585.35	2,984.00	298.96	-	10.58	-	-	(84.36)
Q1 2018	2,571.71	2,377.14	286.30	-	11.41	-	-	(138.57)
Q3 2018	2,309.97	2,643.85	322.65	-	11.29	-	-	(75.71)
Q4 2018	2,160.94	2,866.52	325.20	94.11	12.94	-	-	(112.73)
Q1 2019	2,408.41	2,670.53	313.40	128.90	10.99	-	-	(144.35)
Q2 2019	2,349.92	2,867.97	309.30	181.73	10.35	-	-	(80.60)

Period	Food sector	Retail sector	Food services	Frozen food	Investments	Plastic	Manufacturing & Whole sale sector	Disposals
2009	-	7,920.10	-	-	-	-	9,997.11	-
2010	12,026.53	8,182.67	-	-	154.59	883.98	-	(218.30)
2011	15,223.92	9,181.55	-	-	122.82	1,001.53	-	(334.12)
2012	16,388.68	10,156.52	-	-	138.54	1,053.18	-	(345.43)
2013	14,552.39	10,924.60	-	-	140.99	-	-	(337.26)
2014	14,591.95	12,204.38	-	-	127.17	-	-	(335.66)
2015	11,812.20	13,532.73	-	-	144.86	-	-	(364.20)
2016	11,886.72	13,572.38	1,156.68	-	137.61	-	-	(422.59)
2017	11,384.22	11,643.02	1,157.79	-	45.34	-	-	(399.90)
2018	9,735.47	11,117.60	1,227.27	94.11	47.04	-	-	(406.92)

Analysts Estimates (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change‬
Average	125.00	110.23	(11.8 %)

Estimates vs Actual (Million)

Item	Q2 2019 (e)	Q2 2019 (a)	Change
SNB Capital	110.00	110.23	0.2 %
Al Rajhi Capital	140.00	110.23	(21.3) %

Financial Ratios

	Current
Market Cap (M Riyal)	25,711.17
Enterprise Value (EV) (M)	33,368.99
Shares Outstanding ((M))	533.98
EPS ( Riyal) (TTM)	1.60
Book Value (BV) ( Riyal)	15.86
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	34.60
P/E (TTM)	30.07
Price/book	3.04
Return on Average Assets (%) (TTM)	2.8
Return on Average Equity (%) (TTM)	10.1

Savola Group (SAVOLA GROUP)

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Savola's net profit more than doubles in H1 2019

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Financials (M)

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

Business Segments (Million)

Revenue by Business Segment (Latest) 2019 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Savola Group (SAVOLA GROUP)

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Savola's net profit more than doubles in H1 2019

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Financials (M)

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

Business Segments (Million) Q2 2019

Revenue by Business Segment (Latest) 2019 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Savola Group (SAVOLA GROUP)

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Business Segments (Million)