Al Kathiri’s net profit up 67% in H1 2019

18/07/2019 Argaam Exclusive

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Al Kathiri Holding Co. posted a net profit after zakat and tax of SAR 7.58 million for the first half of 2019, a rise of 67.16 percent year-on-year (YoY) due to the profit it generated from its air force contract.

The second-quarter net profit after zakat and tax increased 32.76 percent YoY to SAR 3.01 million, backed by the profit the company generated from its air force contract.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	26.55	44.00	65.8 %
Gross Income	8.00	13.41	67.7 %
Operating Income	4.44	8.52	91.8 %
Net Income	4.54	7.58	67.2 %
Average Shares	213.84	213.84	-
EPS (Halala)	2.12	3.55	67.2 %

When compared to previous quarter, net profit declined 34.17 percent driven by lower sales hit by seasonality factors.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	12.75	17.90	40.4 %
Gross Income	3.92	5.62	43.1 %
Operating Income	2.20	3.14	42.6 %
Net Income	2.27	3.01	32.7 %
Average Shares	213.84	213.84	-
EPS (Halala)	1.06	1.41	32.7 %

Item	Q1 2019	Q2 2019	Change‬
Revenues	26.10	17.90	(31.4 %)
Gross Income	7.80	5.62	(28.0 %)
Operating Income	4.54	3.14	(30.9 %)
Net Income	4.57	3.01	(34.2 %)
Average Shares	213.84	213.84	-
EPS (Halala)	2.14	1.41	(34.2 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Halala)
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	-	-	-	-	-	-	-
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	31.55	-	5.77	-	5.46	-	2.55
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	52.98	67.9 %	10.08	74.7 %	7.78	42.6 %	3.64
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	53.48	1.0 %	11.55	14.6 %	7.91	1.7 %	3.70
Q1 2017	2.03	-	0.22	-	0.09	-	0.04
Q2 2017	9.59	-	2.99	-	1.77	-	0.83
Q3 2017	14.44	-	5.53	-	3.27	-	1.53
Q4 2017	16.92	-	3.11	-	1.52	-	0.71
2017	42.98	(19.6 %)	11.77	1.9 %	6.65	(16.0 %)	3.11
Q1 2018	13.80	580.6 %	4.08	1795.8 %	2.27	2365.2 %	1.06
Q2 2018	12.75	32.9 %	3.92	31.4 %	2.27	28.2 %	1.06
Q3 2018	13.67	(5.4 %)	5.49	(0.8 %)	3.40	3.9 %	1.59
Q4 2018	10.27	(39.3 %)	2.38	(23.5 %)	1.37	(9.6 %)	0.64
2018	50.49	17.5 %	15.87	34.8 %	9.30	40.0 %	4.35
Q1 2019	26.10	89.2 %	7.80	91.3 %	4.57	101.5 %	2.14
Q2 2019	17.90	40.4 %	5.62	43.1 %	3.01	32.7 %	1.41

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Halala)
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	-	-	-	-	-	-	-
2013	-	-	-	-	-	-	-
2014	31.55	-	5.77	-	5.46	-	2.55
2015	52.98	67.9 %	10.08	74.7 %	7.78	42.6 %	3.64
2016	53.48	1.0 %	11.55	14.6 %	7.91	1.7 %	3.70
2017	42.98	(19.6 %)	11.77	1.9 %	6.65	(16.0 %)	3.11
2018	50.49	17.5 %	15.87	34.8 %	9.30	40.0 %	4.35

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	18.29 %	-	17.29 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	19.03 %	17.57 %	14.68 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	21.60 %	19.12 %	14.80 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	27.55 %	23.34 %	17.28 %
2017	27.39 %	23.34 %	17.29 %
Q1 2018	28.68 %	24.22 %	17.54 %
Q2 2018	28.73 %	24.51 %	17.45 %
Q3 2018	29.05 %	24.71 %	16.54 %
Q4 2018	31.43 %	28.84 %	18.43 %
2018	31.43 %	28.84 %	18.43 %
Q1 2019	31.20 %	27.05 %	18.49 %
Q2 2019	31.32 %	26.38 %	18.18 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	18.29 %	-	17.29 %
2015	19.03 %	17.57 %	14.68 %
2016	21.60 %	19.12 %	14.80 %
2017	27.39 %	23.34 %	17.29 %
2018	31.43 %	28.84 %	18.43 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	10.61 %	8.44 %	4.54 %
Q2 2017	31.13 %	26.58 %	18.43 %
Q3 2017	38.31 %	33.75 %	28.04 %
Q4 2017	18.35 %	14.41 %	8.98 %
Q1 2018	29.54 %	24.62 %	16.44 %
Q2 2018	30.78 %	27.31 %	17.78 %
Q3 2018	40.16 %	35.11 %	24.84 %
Q4 2018	23.14 %	28.05 %	13.37 %
Q1 2019	29.88 %	22.31 %	17.52 %
Q2 2019	31.37 %	24.70 %	16.81 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
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	-	-	-	-
Q2 2013	-	-	-	-
Q3 2013	-	-	-	-
Q4 2013	-	-	-	-
Q1 2014	-	-	-	-
Q2 2014	-	-	-	-
Q3 2014	-	-	-	-
Q4 2014	-	-	-	-
Q1 2015	-	-	-	-
Q2 2015	-	-	-	-
Q3 2015	-	-	-	-
Q4 2015	-	-	-	-
Q1 2016	-	-	-	-
Q2 2016	-	-	-	-
Q3 2016	-	-	-	-
Q4 2016	-	-	-	-
Q1 2017	213.84	-	-	0.13
Q2 2017	213.84	-	-	0.16
Q3 2017	213.84	-	-	0.21
Q4 2017	213.84	3.11	3.47	0.21
Q1 2018	213.84	4.13	4.49	0.23
Q2 2018	213.84	4.36	4.73	0.24
Q3 2018	213.84	4.42	4.42	0.25
Q4 2018	213.84	4.35	4.35	0.26
Q1 2019	213.84	5.43	5.43	0.28
Q2 2019	213.84	5.77	5.77	0.29

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	-	-	-	-
2013	-	-	-	-
2014	213.84	2.55	2.55	0.08
2015	213.84	3.64	3.64	0.09
2016	213.84	3.70	3.70	0.13
2017	213.84	3.11	3.47	0.21
2018	213.84	4.35	4.35	0.26

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	1.43
Q4 2017	10.94	9.79	1.58
Q1 2018	8.22	7.55	1.51
Q2 2018	9.60	8.86	1.77
Q3 2018	10.53	10.53	1.85
Q4 2018	25.14	25.14	4.24
Q1 2019	16.11	16.11	3.13
Q2 2019	23.32	23.32	4.59

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	10.93	9.78	1.58
2018	25.14	25.14	4.24

Financial Ratios

	Current
Market Cap (M Riyal)	657.78
Enterprise Value (EV) (M)	718.40
Shares Outstanding ((M))	226.04
EPS (Halala) (TTM)	(1.83)
Book Value (BV) ( Riyal)	0.58
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	5.02
Return on Average Assets (%) (TTM)	(1.65 )
Return on Average Equity (%) (TTM)	(3.11 )

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Al Kathiri’s net profit up 67% in H1 2019

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Share Price

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

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Al Kathiri’s net profit up 67% in H1 2019

View other reports

Share Price

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

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