Financial Results : Jabal Omar posts lower net loss at SAR 3m in I2 of 2014

Jabal Omar posts lower net loss at SAR 3m in I2 of 2014

19/05/2014 Argaam Exclusive

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Jabal Omar Development Co., working in the field of real estate development for the Jabal Omar area near Al-Masjid Al-Haram, reported SAR 3m net loss at the end of the first half of 2014, compared to SAR 11.4m in the same period last year, as shown in the following table:



Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 28.87 50.44 74.7 %
Gross Income 7.99 22.51 181.8 %
Operating Income (20.36) (7.75) 61.9 %
Net Income (11.39) (3.00) 73.7 %
Average Shares 929.40 929.40 -
EPS (Riyals) (0.01) 0.00 73.7 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 16.18 26.57 64.3 %
Gross Income 5.34 12.72 138.3 %
Operating Income (9.66) (2.67) 72.4 %
Net Income (6.12) (0.47) 92.4 %
Average Shares 929.40 929.40 -
EPS (Riyals) (0.01) 0.00 92.4 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - (81.85) -
Q2 2008 - - - - (6.10) -
Q3 2008 - - - - (2.53) -
Q4 2008 - - - - (6.95) -
Q1 2009 - - - - (6.64) 91.9 %
Q2 2009 - - - - (5.80) 4.9 %
Q3 2009 - - - - (9.86) (290.1 %)
Q4 2009 - - - - (5.66) 18.6 %
Q1 2010 - - - - (8.91) (34.2 %)
Q2 2010 - - - - (7.60) (31.0 %)
Q3 2010 - - - - (9.40) 4.6 %
Q4 2010 - - - - (11.37) (101.1 %)
Q1 2011 - - - - (7.36) 17.4 %
Q2 2011 - - - - (10.38) (36.6 %)
Q3 2011 - - - - (9.80) (4.3 %)
Q4 2011 - - - - (9.91) 12.9 %
Q1 2012 - - - - (14.30) (94.3 %)
Q2 2012 - - - - (18.73) (80.5 %)
Q3 2012 - - - - (13.32) (35.9 %)
Q4 2012 - - - - (13.23) (33.6 %)
Q1 2013 12.70 - 3.47 - (10.70) 25.2 %
Q2 2013 16.18 - 5.34 - (9.66) 48.4 %
Q3 2013 22.79 - 10.81 - (7.39) 44.5 %
Q4 2013 (6.07) - (10.14) - (61.24) (362.9 %)
Q1 2014 23.86 88.0 % 9.79 182.0 % (5.08) 52.5 %
Q2 2014 26.57 64.3 % 12.72 138.3 % (2.67) 72.4 %


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 - - - - - -
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 - - - - - -
Q4 2007 - - - - - -
Q1 2008 (38.63) - (0.05) - (38.63) (0.05)
Q2 2008 (3.53) - 0.00 - (3.53) 0.00
Q3 2008 7.89 - 0.01 - 7.89 0.01
Q4 2008 (18.29) - (0.02) - (18.29) (0.02)
Q1 2009 (4.10) 89.4 % (0.01) - (4.10) (0.01)
Q2 2009 (18.24) (417.0 %) (0.02) - (18.24) (0.02)
Q3 2009 (9.64) (222.1 %) (0.01) - (9.64) (0.01)
Q4 2009 (1.46) 92.0 % 0.00 - (1.46) 0.00
Q1 2010 (8.91) (117.5 %) (0.01) - (8.91) (0.01)
Q2 2010 (7.60) 58.4 % (0.01) - (7.60) (0.01)
Q3 2010 (9.21) 4.5 % (0.01) - (9.21) (0.01)
Q4 2010 (11.31) (677.5 %) (0.01) - (11.31) (0.01)
Q1 2011 (7.36) 17.5 % (0.01) - (7.36) (0.01)
Q2 2011 (10.36) (36.4 %) (0.01) - (10.36) (0.01)
Q3 2011 (9.57) (3.9 %) (0.01) - (9.57) (0.01)
Q4 2011 (9.48) 16.2 % (0.01) - (9.48) (0.01)
Q1 2012 (13.06) (77.6 %) (0.01) - (13.06) (0.01)
Q2 2012 (16.93) (63.4 %) (0.02) - (16.93) (0.02)
Q3 2012 (11.78) (23.1 %) (0.01) - (11.78) (0.01)
Q4 2012 (9.62) (1.5 %) (0.01) - (9.62) (0.01)
Q1 2013 (5.26) 59.7 % (0.01) - (5.26) (0.01)
Q2 2013 (6.12) 63.8 % (0.01) - (6.12) (0.01)
Q3 2013 (3.37) 71.4 % 0.00 - (3.37) 0.00
Q4 2013 (57.50) (497.8 %) (0.06) - (57.50) (0.06)
Q1 2014 (2.53) 52.0 % 0.00 - (2.53) 0.00
Q2 2014 (0.47) 92.4 % 0.00 - (0.47) 0.00

Profitability

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 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 27.34 % (382.17 %) (343.38 %)
Q2 2013 30.52 % (117.18 %) (113.56 %)
Q3 2013 37.98 % (43.14 %) (47.18 %)
Q4 2013 20.79 % (141.50 %) (158.46 %)
Q1 2014 27.83 % (103.72 %) (122.47 %)
Q2 2014 34.52 % (77.14 %) (95.09 %)


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 756.39 - - 8.83
Q2 2008 756.39 - - 8.82
Q3 2008 756.39 - - 8.83
Q4 2008 756.39 (0.07) (0.07) 8.81
Q1 2009 756.39 (0.02) (0.02) 8.80
Q2 2009 756.39 (0.04) (0.04) 8.78
Q3 2009 756.39 (0.07) (0.07) 8.78
Q4 2009 756.39 (0.04) (0.04) 8.78
Q1 2010 756.39 (0.05) (0.05) 8.76
Q2 2010 756.39 (0.04) (0.04) 8.75
Q3 2010 756.39 (0.04) (0.04) 8.74
Q4 2010 756.39 (0.05) (0.05) 8.73
Q1 2011 756.39 (0.05) (0.05) 8.72
Q2 2011 756.39 (0.05) (0.05) 8.70
Q3 2011 929.40 (0.04) (0.04) 9.77
Q4 2011 929.40 (0.04) (0.04) 9.76
Q1 2012 929.40 (0.05) (0.05) 9.74
Q2 2012 929.40 (0.05) (0.05) 9.73
Q3 2012 929.40 (0.06) (0.06) 9.71
Q4 2012 929.40 (0.06) (0.06) 9.70
Q1 2013 929.40 (0.05) (0.05) 9.70
Q2 2013 929.40 (0.04) (0.04) 9.61
Q3 2013 929.40 (0.03) (0.03) 9.65
Q4 2013 929.40 (0.08) (0.08) 9.62
Q1 2014 929.40 (0.07) (0.07) 9.60
Q2 2014 929.40 (0.07) (0.07) 9.60

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 - - 3.72
Q2 2008 - - 4.04
Q3 2008 - - 3.13
Q4 2008 NEG NEG 3.19
Q1 2009 NEG NEG 2.92
Q2 2009 NEG NEG 2.98
Q3 2009 NEG NEG 3.22
Q4 2009 NEG NEG 2.97
Q1 2010 NEG NEG 3.16
Q2 2010 NEG NEG 2.89
Q3 2010 NEG NEG 2.87
Q4 2010 NEG NEG 2.76
Q1 2011 NEG NEG 2.42
Q2 2011 NEG NEG 2.41
Q3 2011 NEG NEG 1.55
Q4 2011 NEG NEG 1.58
Q1 2012 NEG NEG 2.51
Q2 2012 NEG NEG 2.25
Q3 2012 NEG NEG 2.39
Q4 2012 NEG NEG 2.49
Q1 2013 NEG NEG 3.35
Q2 2013 NEG NEG 3.77
Q3 2013 NEG NEG 4.03
Q4 2013 NEG NEG 3.86
Q1 2014 NEG NEG 5.43
Q2 2014 NEG NEG 6.06

Business Segments (Million)

Compared With The
Period Operating Hotels Commercial center Properties for development and sale
Q1 2014 - 23.86 -
Q2 2014 - 26.57 -

Current
Market Cap (M Riyal) 24,615.26
Enterprise Value (EV) (M) 36,461.63
Shares Outstanding ((M)) 1,180.02
EPS ( Riyal) (TTM) (0.30)
Book Value (BV) ( Riyal) 10.89
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.96
Return on Average Assets (%) (TTM) (1.27 )
Return on Average Equity (%) (TTM) (2.76 )

Share Price

Jabal Omar Development Co. (JABAL OMAR)


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