Financial Results : Makkah Construction posts 7% profit rise in FY 2018-19

Makkah Construction posts 7% profit rise in FY 2018-19

25/03/2019 Argaam Exclusive

View other reports

Makkah Construction and Development Co.’s net profit after zakat and tax rose 7.2 percent year-on-year (YoY) to SAR 283 million for fiscal year ending Jan. 6, 2019. 



Financials (M)

Item 2017 2018 Change‬
Revenues 563.36 548.67 (2.6 %)
Gross Income 308.78 339.06 9.8 %
Operating Income 286.59 318.33 11.1 %
Net Income 263.89 282.78 7.2 %
Average Shares 164.82 164.82 -
EPS (Riyals) 1.60 1.72 7.2 %

The profit rise came as a decline in operating costs at Makkah Millennium Hotel offset lower revenue. Additionally, the annual results were also lifted by other income.



Current Quarter Comparison (M)

Compared With The
Item Q4 2017 Q4 2018 Change‬
Revenues 108.17 146.13 35.1 %
Gross Income 49.98 102.21 104.5 %
Operating Income 40.25 93.35 132.0 %
Net Income 23.20 84.31 263.3 %
Average Shares 164.82 164.82 -
EPS (Riyals) 0.14 0.51 263.3 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2009 61.73 (1.6 %) 49.66 (3.4 %) 47.63 (3.0 %)
Q2 2009 83.45 (18.5 %) 71.03 (21.4 %) 67.36 (21.1 %)
Q3 2009 65.52 5.9 % 54.36 7.5 % 51.55 6.2 %
Q4 2009 67.94 6.2 % 57.29 12.1 % 54.23 16.7 %
Q1 2010 58.34 (5.5 %) 47.75 (3.8 %) 44.95 (5.6 %)
Q2 2010 133.53 60.0 % 120.46 69.6 % 117.54 74.5 %
Q3 2010 82.18 25.4 % 69.50 27.8 % 66.15 28.3 %
Q4 2010 71.89 5.8 % 62.15 8.5 % 58.08 7.1 %
Q1 2011 68.12 16.8 % 57.03 19.4 % 51.99 15.7 %
Q2 2011 146.17 9.5 % 133.66 11.0 % 129.81 10.4 %
Q3 2011 90.15 9.7 % 79.11 13.8 % 75.78 14.6 %
Q4 2011 85.01 18.3 % 72.98 17.4 % 70.21 20.9 %
Q1 2012 79.41 16.6 % 69.12 21.2 % 66.73 28.4 %
Q2 2012 154.36 5.6 % 141.41 5.8 % 133.63 2.9 %
Q3 2012 124.77 38.4 % 111.22 40.6 % 108.68 43.4 %
Q4 2012 96.94 14.0 % 85.19 16.7 % 80.32 14.4 %
Q1 2013 83.43 5.1 % 71.14 2.9 % 66.22 (0.8 %)
Q2 2013 132.56 (14.1 %) 118.07 (16.5 %) 113.17 (15.3 %)
Q3 2013 102.59 (17.8 %) 88.54 (20.4 %) 84.34 (22.4 %)
Q4 2013 96.12 (0.8 %) 79.45 (6.7 %) 75.23 (6.3 %)
Q1 2014 78.58 (5.8 %) 64.84 (8.9 %) 62.42 (5.7 %)
Q2 2014 122.97 (7.2 %) 106.51 (9.8 %) 101.81 (10.0 %)
Q3 2014 105.54 2.9 % 90.17 1.8 % 88.46 4.9 %
Q4 2014 107.98 12.3 % 94.00 18.3 % 90.78 20.7 %
Q1 2015 71.56 (8.9 %) 57.36 (11.5 %) 55.17 (11.6 %)
Q2 2015 129.46 5.3 % 114.91 7.9 % 110.40 8.4 %
Q3 2015 103.94 (1.5 %) 88.35 (2.0 %) 86.16 (2.6 %)
Q4 2015 93.71 (13.2 %) 80.75 (14.1 %) 72.74 (19.9 %)
Q1 2016 117.49 64.2 % 62.04 8.2 % 58.31 5.7 %
Q2 2016 199.92 54.4 % 126.14 9.8 % 120.10 8.8 %
Q3 2016 152.45 46.7 % 83.46 (5.5 %) 80.66 (6.4 %)
Q4 2016 128.84 37.5 % 67.59 (16.3 %) 59.95 (17.6 %)
Q1 2017 115.09 (2.0 %) 60.40 (2.7 %) 57.57 (1.3 %)
Q2 2017 191.35 (4.3 %) 114.09 (9.5 %) 108.49 (9.7 %)
Q3 2017 148.76 (2.4 %) 84.31 1.0 % 80.29 (0.5 %)
Q4 2017 108.17 (16.0 %) 49.98 (26.0 %) 40.25 (32.9 %)
Q1 2018 99.29 (13.7 %) 50.03 (17.2 %) 47.80 (17.0 %)
Q2 2018 159.64 (16.6 %) 99.15 (13.1 %) 92.60 (14.6 %)
Q3 2018 143.71 (3.4 %) 87.68 4.0 % 84.57 5.3 %
Q4 2018 146.13 35.1 % 102.21 104.5 % 93.35 132.0 %
2018 548.67 (2.6 %) 339.06 9.8 % 318.33 11.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2009 46.33 (1.2 %) 0.28 - 46.33 0.28
Q2 2009 66.29 (20.4 %) 0.40 - 66.29 0.40
Q3 2009 49.54 0.7 % 0.30 - 49.54 0.30
Q4 2009 52.46 22.6 % 0.32 - 52.46 0.32
Q1 2010 42.51 (8.3 %) 0.26 - 42.51 0.26
Q2 2010 118.91 79.4 % 0.72 - 118.91 0.72
Q3 2010 62.81 26.8 % 0.38 - 62.81 0.38
Q4 2010 59.65 13.7 % 0.36 4.91 54.74 0.33
Q1 2011 48.10 13.2 % 0.29 - 48.10 0.29
Q2 2011 128.41 8.0 % 0.78 - 128.41 0.78
Q3 2011 70.69 12.5 % 0.43 - 70.69 0.43
Q4 2011 75.35 26.3 % 0.46 - 75.35 0.46
Q1 2012 62.33 29.6 % 0.38 - 62.33 0.38
Q2 2012 127.16 (1.0 %) 0.77 - 127.16 0.77
Q3 2012 103.28 46.1 % 0.63 - 103.28 0.63
Q4 2012 86.29 14.5 % 0.52 - 86.29 0.52
Q1 2013 63.97 2.6 % 0.39 - 63.97 0.39
Q2 2013 110.72 (12.9 %) 0.67 - 110.72 0.67
Q3 2013 77.54 (24.9 %) 0.47 - 77.54 0.47
Q4 2013 71.84 (16.7 %) 0.44 - 71.84 0.44
Q1 2014 58.99 (7.8 %) 0.36 - 58.99 0.36
Q2 2014 97.01 (12.4 %) 0.59 - 97.01 0.59
Q3 2014 84.70 9.2 % 0.51 - 84.70 0.51
Q4 2014 86.39 20.3 % 0.52 - 86.39 0.52
Q1 2015 52.54 (10.9 %) 0.32 - 52.54 0.32
Q2 2015 106.56 9.8 % 0.65 - 106.56 0.65
Q3 2015 82.69 (2.4 %) 0.50 - 82.69 0.50
Q4 2015 68.85 (20.3 %) 0.42 - 68.85 0.42
Q1 2016 56.19 6.9 % 0.34 - 56.19 0.34
Q2 2016 113.75 6.7 % 0.69 - 113.75 0.69
Q3 2016 74.18 (10.3 %) 0.45 - 74.18 0.45
Q4 2016 54.43 (20.9 %) 0.33 - 54.43 0.33
Q1 2017 56.05 (0.2 %) 0.34 - 56.05 0.34
Q2 2017 106.38 (6.5 %) 0.65 - 106.38 0.65
Q3 2017 78.25 5.5 % 0.47 - 78.25 0.47
Q4 2017 23.20 (57.4 %) 0.14 - 23.20 0.14
Q1 2018 46.61 (16.9 %) 0.28 - 46.61 0.28
Q2 2018 70.09 (34.1 %) 0.43 - 70.09 0.43
Q3 2018 82.46 5.4 % 0.50 - 82.46 0.50
Q4 2018 84.31 263.3 % 0.51 - 84.31 0.51
2018 282.78 7.2 % 1.72 - 282.78 1.72

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2009 83.34 % 89.38 % 76.43 %
Q2 2009 82.05 % 88.82 % 75.50 %
Q3 2009 82.34 % 88.54 % 74.62 %
Q4 2009 83.38 % 89.10 % 77.03 %
Q1 2010 83.72 % 89.12 % 76.59 %
Q2 2010 86.03 % 90.79 % 80.98 %
Q3 2010 86.26 % 90.58 % 80.91 %
Q4 2010 86.68 % 90.61 % 80.65 %
Q1 2011 86.91 % 89.98 % 80.00 %
Q2 2011 87.51 % 90.18 % 79.83 %
Q3 2011 88.21 % 90.81 % 80.23 %
Q4 2011 88.01 % 90.84 % 82.82 %
Q1 2012 88.55 % 91.98 % 84.04 %
Q2 2012 88.67 % 91.04 % 82.05 %
Q3 2012 88.99 % 91.37 % 83.00 %
Q4 2012 89.34 % 91.20 % 83.22 %
Q1 2013 89.00 % 90.34 % 82.85 %
Q2 2013 88.10 % 90.24 % 83.22 %
Q3 2013 87.34 % 89.23 % 81.47 %
Q4 2013 86.13 % 89.42 % 78.15 %
Q1 2014 85.62 % 89.86 % 77.85 %
Q2 2014 84.78 % 89.40 % 76.29 %
Q3 2014 84.56 % 89.94 % 77.51 %
Q4 2014 85.65 % 90.13 % 78.80 %
Q1 2015 85.29 % 89.74 % 78.58 %
Q2 2015 85.98 % 90.35 % 79.65 %
Q3 2015 85.88 % 90.11 % 79.48 %
Q4 2015 85.63 % 88.72 % 77.92 %
Q1 2016 77.84 % 79.89 % 70.69 %
Q2 2016 69.37 % 70.49 % 62.42 %
Q3 2016 62.53 % 63.90 % 55.53 %
Q4 2016 56.66 % 57.94 % 49.87 %
Q1 2017 56.61 % 58.28 % 50.04 %
Q2 2017 55.39 % 57.41 % 49.52 %
Q3 2017 55.88 % 57.25 % 50.53 %
Q4 2017 54.81 % 55.92 % 46.84 %
Q1 2018 54.50 % 55.75 % 46.47 %
Q2 2018 54.95 % 56.08 % 42.29 %
Q3 2018 56.15 % 57.46 % 43.53 %
Q4 2018 61.79 % 63.18 % 51.65 %
2018 61.80 % 63.19 % 51.54 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2009 164.82 1.34 1.34 22.86
Q2 2009 164.82 1.24 1.24 23.84
Q3 2009 164.82 1.24 1.24 23.55
Q4 2009 164.82 1.30 1.30 22.75
Q1 2010 164.82 1.28 1.28 22.32
Q2 2010 164.82 1.60 1.60 22.67
Q3 2010 164.82 1.68 1.68 22.91
Q4 2010 164.82 1.72 1.69 20.89
Q1 2011 164.82 1.76 1.73 20.26
Q2 2011 164.82 1.81 1.78 20.65
Q3 2011 164.82 1.86 1.83 21.37
Q4 2011 164.82 1.96 1.96 22.74
Q1 2012 164.82 2.04 2.04 22.87
Q2 2012 164.82 2.04 2.04 25.03
Q3 2012 164.82 2.23 2.23 25.14
Q4 2012 164.82 2.30 2.30 28.01
Q1 2013 164.82 2.31 2.31 31.55
Q2 2013 164.82 2.21 2.21 29.66
Q3 2013 164.82 2.05 2.05 30.47
Q4 2013 164.82 1.97 1.97 36.13
Q1 2014 164.82 1.94 1.94 44.54
Q2 2014 164.82 1.85 1.85 42.94
Q3 2014 164.82 1.90 1.90 43.19
Q4 2014 164.82 1.98 1.98 53.81
Q1 2015 164.82 1.95 1.95 58.21
Q2 2015 164.82 2.00 2.00 53.87
Q3 2015 164.82 1.99 1.99 45.37
Q4 2015 164.82 1.88 1.88 39.55
Q1 2016 164.82 1.91 1.91 49.59
Q2 2016 164.82 1.95 1.95 48.48
Q3 2016 164.82 1.90 1.90 47.44
Q4 2016 164.82 1.81 1.81 52.66
Q1 2017 164.82 1.81 1.81 51.59
Q2 2017 164.82 1.77 1.77 50.87
Q3 2017 164.82 1.79 1.79 47.87
Q4 2017 164.82 1.60 1.60 46.28
Q1 2018 164.82 1.54 1.54 39.74
Q2 2018 164.82 1.32 1.32 35.50
Q3 2018 164.82 1.35 1.35 33.20
Q4 2018 164.82 1.72 1.72 30.46

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2009 19.26 19.26 1.13
Q2 2009 22.72 22.72 1.18
Q3 2009 24.21 24.21 1.28
Q4 2009 20.66 20.66 1.18
Q1 2010 23.22 23.22 1.33
Q2 2010 18.21 18.21 1.28
Q3 2010 17.75 17.75 1.30
Q4 2010 17.48 17.78 1.44
Q1 2011 17.19 17.49 1.49
Q2 2011 17.48 17.77 1.53
Q3 2011 16.81 17.09 1.46
Q4 2011 17.88 17.88 1.54
Q1 2012 18.94 18.94 1.69
Q2 2012 19.35 19.35 1.57
Q3 2012 17.91 17.91 1.59
Q4 2012 17.65 17.65 1.45
Q1 2013 18.18 18.18 1.33
Q2 2013 31.90 31.90 2.38
Q3 2013 32.38 32.38 2.18
Q4 2013 32.80 32.80 1.79
Q1 2014 44.29 44.29 1.93
Q2 2014 42.66 42.66 1.84
Q3 2014 44.52 44.52 1.95
Q4 2014 39.64 39.64 1.46
Q1 2015 52.43 52.43 1.75
Q2 2015 45.24 45.24 1.68
Q3 2015 37.47 37.47 1.64
Q4 2015 49.34 49.34 2.35
Q1 2016 43.78 43.78 1.68
Q2 2016 45.79 45.79 1.84
Q3 2016 46.87 46.87 1.88
Q4 2016 50.04 50.04 1.72
Q1 2017 58.24 58.24 2.04
Q2 2017 56.75 56.75 1.97
Q3 2017 47.97 47.97 1.79
Q4 2017 47.29 47.29 1.64
Q1 2018 49.72 49.72 1.93
Q2 2018 59.23 59.23 2.21
Q3 2018 60.78 60.78 2.47
Q4 2018 45.93 45.93 2.59

Business Segments (Million)

Compared With The
Period Hilton hotel and Towers Commercial center Others Makkah Hilton hotel Makkah Hilton Towers
Q3 2012 - 27.71 1.39 43.23 52.26
Q4 2012 - 53.45 - 8.28 6.67
Q1 2013 - 34.75 0.71 20.22 27.76
Q2 2013 - 36.18 0.71 40.69 54.99
Q3 2013 - 37.66 0.97 28.53 35.43
Q4 2013 - 35.73 0.03 26.78 33.59
Q1 2014 - 36.14 0.74 17.25 24.45
Q2 2014 - 37.70 0.74 34.83 49.53
Q3 2014 - 35.69 1.14 29.26 39.46
Q4 2014 - 38.49 0.34 32.25 36.90
Q1 2015 - 36.28 0.44 14.29 20.54
Q2 2015 - 36.50 0.94 42.35 49.67
Q3 2015 - 35.96 1.26 28.04 38.69
Q4 2015 - 37.50 0.27 24.86 31.08
Q1 2016 80.49 36.47 0.53 - -
Q2 2016 162.24 36.85 0.83 - -
Q3 2016 114.37 36.61 1.47 - -
Q4 2016 91.92 36.62 0.30 - -
Q1 2017 76.72 37.47 0.90 - -
Q2 2017 151.22 39.22 0.91 - -
Q3 2017 109.48 37.62 1.66 - -
Q4 2017 70.38 37.49 0.30 - -
Q1 2018 62.03 36.30 0.93 - -
Q2 2018 120.76 37.77 1.05 - -
Q3 2018 104.72 37.21 1.78 - -
Q4 2018 104.39 41.31 0.42 - -


Financial Ratios
Current
Market Cap (M Riyal) 18,030.89
Enterprise Value (EV) (M) 17,980.26
Shares Outstanding ((M)) 164.82
EPS ( Riyal) (TTM) 2.28
Book Value (BV) ( Riyal) 26.77
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) 47.90
Price/book 4.09
Return on Average Assets (%) (TTM) 7.8
Return on Average Equity (%) (TTM) 8.8
more

Share Price

Makkah Construction and Development Co.
109.40
(3.40) (3.01 %)

Makkah Construction and Development Co. (MCDC)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.