Aslak posts lower net profit at SAR 60.4m in I2 of 2014

10/07/2014 Argaam Exclusive

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United Wire Factories Co., operating in the industry and the production of a variety of iron wires, reported SAR 60.4m net profit at the end of the first half of 2014, compared to SAR 73.4m in the same period last year, as shown in the following table:

Financials (M)

Item	6m 2013	6m 2014	Change‬
Revenues	546.39	542.30	(0.7 %)
Gross Income	86.17	77.07	(10.6 %)
Operating Income	72.54	59.97	(17.3 %)
Net Income	73.37	60.40	(17.7 %)
Average Shares	28.08	28.08	-
EPS (Riyals)	2.61	2.15	(17.7 %)

Current Quarter Comparison (M)

Compared With The

Item	Q2 2013	Q2 2014	Change‬
Revenues	268.15	262.36	(2.2 %)
Gross Income	40.66	37.73	(7.2 %)
Operating Income	33.28	29.65	(10.9 %)
Net Income	33.77	30.02	(11.1 %)
Average Shares	28.08	28.08	-
EPS (Riyals)	1.20	1.07	(11.1 %)

Item	Q1 2014	Q2 2014	Change‬
Revenues	279.95	262.36	(6.3 %)
Gross Income	39.33	37.73	(4.1 %)
Operating Income	30.32	29.65	(2.2 %)
Net Income	30.38	30.02	(1.2 %)
Average Shares	28.08	28.08	-
EPS (Riyals)	1.08	1.07	(1.2 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2005	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-
2005	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	454.74	-	105.49	-	93.80	-
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	90.65	-	19.40	-	75.44	-
Q4 2009	94.28	-	20.83	-	17.49	-
2009	416.77	(8.3 %)	104.88	(0.6 %)	92.93	(0.9 %)
Q1 2010	123.14	-	28.53	-	24.58	-
Q2 2010	161.54	-	39.27	-	35.53	-
Q3 2010	133.70	47.5 %	34.29	76.7 %	30.45	(59.6 %)
Q4 2010	152.22	61.5 %	30.02	44.1 %	26.15	49.6 %
2010	570.60	36.9 %	132.11	26.0 %	116.71	25.6 %
Q1 2011	205.56	66.9 %	42.35	48.4 %	38.57	56.9 %
Q2 2011	226.57	40.3 %	34.88	(11.2 %)	30.59	(13.9 %)
Q3 2011	187.98	40.6 %	25.48	(25.7 %)	21.52	(29.3 %)
Q4 2011	234.97	54.4 %	21.74	(27.6 %)	15.16	(42.0 %)
2011	855.08	49.9 %	124.45	(5.8 %)	105.84	(9.3 %)
Q1 2012	277.60	35.0 %	38.27	(9.6 %)	32.65	(15.3 %)
Q2 2012	283.21	25.0 %	35.30	1.2 %	30.11	(1.6 %)
Q3 2012	209.77	11.6 %	26.43	3.7 %	21.09	(2.0 %)
Q4 2012	234.64	(0.1 %)	37.79	73.8 %	30.88	103.7 %
2012	1,005.22	17.6 %	137.79	10.7 %	114.73	8.4 %
Q1 2013	278.25	0.2 %	45.51	18.9 %	39.26	20.2 %
Q2 2013	268.15	(5.3 %)	40.66	15.2 %	33.28	10.5 %
Q3 2013	225.78	7.6 %	32.13	21.6 %	23.07	9.4 %
Q4 2013	229.15	(2.3 %)	32.32	(14.5 %)	24.25	(21.5 %)
2013	1,001.32	(0.4 %)	150.62	9.3 %	119.86	4.5 %
Q1 2014	279.95	0.6 %	39.33	(13.6 %)	30.32	(22.8 %)
Q2 2014	262.36	(2.2 %)	37.73	(7.2 %)	29.65	(10.9 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2004	-	-	-	-	-	-
2005	-	-	-	-	-	-
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	454.74	-	105.49	-	93.80	-
2009	416.77	(8.3 %)	104.88	(0.6 %)	92.93	(0.9 %)
2010	570.60	36.9 %	132.11	26.0 %	116.71	25.6 %
2011	855.08	49.9 %	124.45	(5.8 %)	105.84	(9.3 %)
2012	1,005.22	17.6 %	137.79	10.7 %	114.73	8.4 %
2013	1,001.32	(0.4 %)	150.62	9.3 %	119.86	4.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2005	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-
2005	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	69.50	-	2.47	-	69.50	2.47
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	17.08	-	0.61	-	17.08	0.61
Q4 2009	17.26	-	0.61	-	17.26	0.61
2009	92.86	33.6 %	3.31	-	92.86	3.31
Q1 2010	24.40	-	0.87	-	24.40	0.87
Q2 2010	35.60	-	1.27	-	35.60	1.27
Q3 2010	28.62	67.5 %	1.02	-	28.62	1.02
Q4 2010	27.10	57.0 %	0.96	-	27.10	0.96
2010	115.72	24.6 %	4.12	-	115.72	4.12
Q1 2011	38.88	59.3 %	1.38	-	38.88	1.38
Q2 2011	30.77	(13.6 %)	1.10	-	30.77	1.10
Q3 2011	21.54	(24.7 %)	0.77	-	21.54	0.77
Q4 2011	15.73	(42.0 %)	0.56	-	15.73	0.56
2011	106.91	(7.6 %)	3.81	-	106.91	3.81
Q1 2012	32.93	(15.3 %)	1.17	-	32.93	1.17
Q2 2012	30.14	(2.1 %)	1.07	-	30.14	1.07
Q3 2012	21.24	(1.4 %)	0.76	-	21.24	0.76
Q4 2012	31.04	97.4 %	1.11	-	31.04	1.11
2012	115.36	7.9 %	4.11	-	115.36	4.11
Q1 2013	39.60	20.3 %	1.41	-	39.60	1.41
Q2 2013	33.77	12.0 %	1.20	-	33.77	1.20
Q3 2013	23.30	9.7 %	0.83	-	23.30	0.83
Q4 2013	24.65	(20.6 %)	0.88	-	24.65	0.88
2013	121.32	5.2 %	4.32	-	121.32	4.32
Q1 2014	30.38	(23.3 %)	1.08	-	30.38	1.08
Q2 2014	30.02	(11.1 %)	1.07	-	30.02	1.07

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2004	-	-	-	-	-	-
2005	-	-	-	-	-	-
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	69.50	-	2.47	-	69.50	2.47
2009	92.86	33.6 %	3.31	-	92.86	3.31
2010	115.72	24.6 %	4.12	-	115.72	4.12
2011	106.91	(7.6 %)	3.81	-	106.91	3.81
2012	115.36	7.9 %	4.11	-	115.36	4.11
2013	121.32	5.2 %	4.32	-	121.32	4.32

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	23.20 %	23.21 %	15.28 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	25.17 %	27.01 %	22.28 %
Q1 2010	-	-	-
Q2 2010	23.00 %	36.55 %	20.09 %
Q3 2010	23.98 %	25.74 %	20.65 %
Q4 2010	23.15 %	24.28 %	20.28 %
2010	23.15 %	24.28 %	20.28 %
Q1 2011	22.35 %	23.14 %	19.94 %
Q2 2011	19.71 %	20.16 %	17.46 %
Q3 2011	17.19 %	17.39 %	15.31 %
Q4 2011	14.55 %	14.14 %	12.50 %
2011	14.55 %	14.14 %	12.50 %
Q1 2012	12.98 %	12.44 %	10.89 %
Q2 2012	12.28 %	11.72 %	10.20 %
Q3 2012	12.11 %	11.47 %	9.95 %
Q4 2012	13.71 %	13.28 %	11.48 %
2012	13.71 %	13.28 %	11.48 %
Q1 2013	14.42 %	13.97 %	12.13 %
Q2 2013	15.18 %	14.55 %	12.68 %
Q3 2013	15.50 %	14.55 %	12.68 %
Q4 2013	15.04 %	13.81 %	12.12 %
2013	15.04 %	13.81 %	12.12 %
Q1 2014	14.40 %	12.89 %	11.18 %
Q2 2014	14.19 %	12.60 %	10.87 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2004	-	-	-
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	23.20 %	23.21 %	15.28 %
2009	25.17 %	27.01 %	22.28 %
2010	23.15 %	24.28 %	20.28 %
2011	14.55 %	14.14 %	12.50 %
2012	13.71 %	13.28 %	11.48 %
2013	15.04 %	13.81 %	12.12 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	21.40 %	-	18.84 %
Q4 2009	22.09 %	27.62 %	18.30 %
Q1 2010	23.17 %	24.06 %	19.81 %
Q2 2010	24.31 %	25.08 %	22.04 %
Q3 2010	25.65 %	26.76 %	21.40 %
Q4 2010	19.72 %	21.41 %	17.80 %
Q1 2011	20.60 %	20.53 %	18.91 %
Q2 2011	15.39 %	15.08 %	13.58 %
Q3 2011	13.55 %	13.46 %	11.46 %
Q4 2011	9.25 %	8.17 %	6.69 %
Q1 2012	13.79 %	13.21 %	11.86 %
Q2 2012	12.46 %	12.06 %	10.64 %
Q3 2012	12.60 %	12.09 %	10.13 %
Q4 2012	16.11 %	15.88 %	13.23 %
Q1 2013	16.36 %	15.73 %	14.23 %
Q2 2013	15.16 %	14.07 %	12.59 %
Q3 2013	14.23 %	12.26 %	10.32 %
Q4 2013	14.11 %	12.68 %	10.76 %
Q1 2014	14.05 %	12.44 %	10.85 %
Q2 2014	14.38 %	13.00 %	11.44 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	-	-	-	-
Q2 2005	-	-	-	-
Q3 2005	-	-	-	-
Q4 2005	-	-	-	-
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	-	-	-	-
Q2 2009	-	-	-	-
Q3 2009	28.08	-	-	10.12
Q4 2009	28.08	-	-	9.97
Q1 2010	28.08	-	-	10.81
Q2 2010	28.08	3.36	3.36	10.86
Q3 2010	28.08	3.77	3.77	11.78
Q4 2010	28.08	4.12	4.12	11.71
Q1 2011	28.08	4.64	4.64	13.00
Q2 2011	28.08	4.46	4.46	13.16
Q3 2011	28.08	4.21	4.21	13.89
Q4 2011	28.08	3.81	3.81	13.47
Q1 2012	28.08	3.60	3.60	13.42
Q2 2012	28.08	3.57	3.57	14.41
Q3 2012	28.08	3.56	3.56	15.08
Q4 2012	28.08	4.11	4.11	14.65
Q1 2013	28.08	4.35	4.35	15.96
Q2 2013	28.08	4.47	4.47	17.07
Q3 2013	28.08	4.55	4.55	16.05
Q4 2013	28.08	4.32	4.32	16.84
Q1 2014	28.08	3.99	3.99	17.84
Q2 2014	28.08	3.86	3.86	18.81

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2004	-	-	-	-
2005	-	-	-	-
2006	-	-	-	-
2007	-	-	-	-
2008	28.08	2.47	2.47	9.19
2009	28.08	3.31	3.31	9.97
2010	28.08	4.12	4.12	11.71
2011	28.08	3.81	3.81	13.47
2012	28.08	4.11	4.11	14.65
2013	28.08	4.32	4.32	16.84

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
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	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	9.13	9.13	2.77
Q4 2011	11.11	11.11	3.14
Q1 2012	12.76	12.76	3.42
Q2 2012	9.93	9.93	2.46
Q3 2012	10.62	10.62	2.51
Q4 2012	8.37	8.37	2.35
Q1 2013	8.87	8.87	2.42
Q2 2013	10.44	10.44	2.74
Q3 2013	10.09	10.09	2.86
Q4 2013	10.98	10.98	2.82
Q1 2014	12.90	12.90	2.89
Q2 2014	15.53	15.53	3.19

Period	P/E	Adjusted P/E	Price/book
2004	-	-	-
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	11.11	11.11	3.14
2012	8.37	8.37	2.35
2013	10.98	10.98	2.82

Business Segments (Million)

Compared With The

Period	Industrial sector	Commercial sector
Q1 2011	154.63	50.93
Q2 2011	172.12	54.45
Q3 2011	145.60	42.39
Q4 2011	192.30	42.67
Q1 2012	227.91	49.69
Q2 2012	226.62	56.58
Q3 2012	164.76	45.00
Q4 2012	192.76	41.89
Q1 2013	233.41	44.84
Q2 2013	212.81	55.33
Q3 2013	176.34	49.44
Q4 2013	190.70	38.45
Q1 2014	212.67	67.27
Q2 2014	189.92	72.44

Period	Industrial sector	Commercial sector
2010	398.33	172.27
2011	664.64	190.44
2012	812.06	193.17
2013	813.26	188.06

Financial Ratios

	Current
Market Cap (M Riyal)	819.94
Enterprise Value (EV) (M)	769.57
Shares Outstanding ((M))	28.08
EPS ( Riyal) (TTM)	0.78
Book Value (BV) ( Riyal)	13.46
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	37.32
P/E (TTM)	37.32
Price/book	2.17
Return on Average Assets (%) (TTM)	4.1
Return on Average Equity (%) (TTM)	5.3

United Wire Factories Co. (ASLAK)

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Aslak posts lower net profit at SAR 60.4m in I2 of 2014

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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) 2014 Q2

Financial Ratios

Share Price

United Wire Factories Co. (ASLAK)

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Aslak posts lower net profit at SAR 60.4m in I2 of 2014

View other reports

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 2014

Revenue by Business Segment (Latest) 2014 Q2

Financial Ratios

Share Price

United Wire Factories Co. (ASLAK)

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Business Segments (Million)