Mobile Telecommunication Company Saudi Arabia (Zain Saudi) widened net losses by 26 percent year-on-year (YoY) to SAR 579 million in the first half of 2016, due to network infrastructure expenses, the costs of the new fingerprint verification system, and overall higher financing charges.
| Item | 6m 2015 | 6m 2016 | Change |
|---|---|---|---|
| Revenues | 3,305.62 | 3,492.29 | 5.6 % |
| Gross Income | 1,823.83 | 2,198.35 | 20.5 % |
| Operating Income | (58.11) | (140.32) | (141.5 %) |
| Net Income | (457.89) | (578.30) | (26.3 %) |
| Average Shares | 573.22 | 573.22 | - |
| EPS (Riyals) | (0.80) | (1.01) | (26.3 %) |
In Q2, the telecom operator posted a net loss of SAR 329 million, a 63.6 percent YoY increase. Losses also widened by 31.6 percent compared to the previous quarter when Zain Saudi posted a net loss of SAR 250 million.
| Item | Q2 2015 | Q2 2016 | Change |
|---|---|---|---|
| Revenues | 1,648.83 | 1,727.40 | 4.8 % |
| Gross Income | 949.40 | 1,112.80 | 17.2 % |
| Operating Income | 0.94 | (108.29) | (11620.3 %) |
| Net Income | (201.16) | (328.30) | (63.2 %) |
| Average Shares | 573.22 | 573.22 | - |
| EPS (Riyals) | (0.35) | (0.57) | (63.2 %) |
| Item | Q1 2016 | Q2 2016 | Change |
|---|---|---|---|
| Revenues | 1,764.88 | 1,727.40 | (2.1 %) |
| Gross Income | 1,085.55 | 1,112.80 | 2.5 % |
| Operating Income | (32.03) | (108.29) | (238.1 %) |
| Net Income | (250.00) | (328.30) | (31.3 %) |
| Average Shares | 573.22 | 573.22 | - |
| EPS (Riyals) | (0.44) | (0.57) | (31.3 %) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2007 | - | - | - | - | - | - | - |
| Q2 2007 | - | - | - | - | - | - | - |
| Q3 2007 | - | - | - | - | - | - | - |
| Q4 2007 | - | - | - | - | - | - | - |
| 2007 | - | - | - | - | - | - | - |
| Q1 2008 | - | - | - | - | (543.59) | - | (2.47) |
| Q2 2008 | - | - | - | - | (153.65) | - | (0.70) |
| Q3 2008 | 80.80 | - | (14.72) | - | (649.04) | - | (2.95) |
| Q4 2008 | 424.40 | - | 31.18 | - | (931.90) | - | (4.23) |
| 2008 | 505.20 | - | 16.46 | - | (2278.17) | - | (10.34) |
| Q1 2009 | 581.67 | - | 145.98 | - | (765.37) | (40.8 %) | (3.47) |
| Q2 2009 | 701.52 | - | 132.59 | - | (856.66) | (457.5 %) | (3.89) |
| Q3 2009 | 825.49 | 921.7 % | 242.93 | 1750.0 % | (819.73) | (26.3 %) | (3.72) |
| Q4 2009 | 895.38 | 111.0 % | 355.53 | 1040.2 % | (657.59) | 29.4 % | (2.99) |
| 2009 | 3,004.05 | 494.6 % | 877.03 | 5228.5 % | (3099.35) | (36.0 %) | (14.07) |
| Q1 2010 | 1,094.23 | 88.1 % | 384.34 | 163.3 % | (662.45) | 13.4 % | (3.01) |
| Q2 2010 | 1,450.41 | 106.8 % | 608.03 | 358.6 % | (631.59) | 26.3 % | (2.87) |
| Q3 2010 | 1,661.95 | 101.3 % | 712.13 | 193.1 % | (543.79) | 33.7 % | (2.47) |
| Q4 2010 | 1,727.78 | 93.0 % | 825.94 | 132.3 % | (520.61) | 20.8 % | (2.36) |
| 2010 | 5,934.37 | 97.5 % | 2,530.45 | 188.5 % | (2358.44) | 23.9 % | (10.71) |
| Q1 2011 | 1,484.22 | 35.6 % | 716.02 | 86.3 % | (531.75) | 19.7 % | (2.41) |
| Q2 2011 | 1,704.65 | 17.5 % | 923.22 | 51.8 % | (448.18) | 29.0 % | (2.03) |
| Q3 2011 | 1,794.81 | 8.0 % | 870.12 | 22.2 % | (483.81) | 11.0 % | (2.20) |
| Q4 2011 | 1,715.39 | (0.7 %) | 690.82 | (16.4 %) | (461.46) | 11.4 % | (2.09) |
| 2011 | 6,699.06 | 12.9 % | 3,200.17 | 26.5 % | (1925.20) | 18.4 % | (8.74) |
| Q1 2012 | 1,521.59 | 2.5 % | 702.20 | (1.9 %) | (419.99) | 21.0 % | (1.91) |
| Q2 2012 | 1,629.02 | (4.4 %) | 707.12 | (23.4 %) | (393.64) | 12.2 % | (1.79) |
| Q3 2012 | 1,529.90 | (14.8 %) | 711.62 | (18.2 %) | (493.00) | (1.9 %) | (0.86) |
| Q4 2012 | 1,490.16 | (13.1 %) | 738.98 | 7.0 % | (442.78) | 4.0 % | (0.77) |
| 2012 | 6,170.67 | (7.9 %) | 2,859.92 | (10.6 %) | (1749.40) | 9.1 % | (3.05) |
| Q1 2013 | 1,719.40 | 13.0 % | 776.23 | 10.5 % | (397.95) | 5.2 % | (0.69) |
| Q2 2013 | 1,706.35 | 4.7 % | 830.76 | 17.5 % | (370.41) | 5.9 % | (0.65) |
| Q3 2013 | 1,573.32 | 2.8 % | 760.98 | 6.9 % | (420.81) | 14.6 % | (0.73) |
| Q4 2013 | 1,523.52 | 2.2 % | 766.88 | 3.8 % | (462.30) | (4.4 %) | (0.81) |
| 2013 | 6,522.59 | 5.7 % | 3,134.86 | 9.6 % | (1651.47) | 5.6 % | (2.88) |
| Q1 2014 | 1,545.77 | (10.1 %) | 798.66 | 2.9 % | (318.36) | 20.0 % | (0.56) |
| Q2 2014 | 1,567.13 | (8.2 %) | 797.05 | (4.1 %) | (328.94) | 11.2 % | (0.57) |
| Q3 2014 | 1,553.00 | (1.3 %) | 810.67 | 6.5 % | (315.81) | 25.0 % | (0.55) |
| Q4 2014 | 1,556.46 | 2.2 % | 816.27 | 6.4 % | (306.46) | 33.7 % | (0.53) |
| 2014 | 6,170.27 | (5.4 %) | 3,222.65 | 2.8 % | (1269.57) | 23.1 % | (2.21) |
| Q1 2015 | 1,656.79 | 7.2 % | 874.43 | 9.5 % | (256.72) | 19.4 % | (0.45) |
| Q2 2015 | 1,648.83 | 5.2 % | 949.40 | 19.1 % | (201.16) | 38.8 % | (0.35) |
| Q3 2015 | 1,763.73 | 13.6 % | 1,062.18 | 31.0 % | (222.95) | 29.4 % | (0.39) |
| Q4 2015 | 1,672.03 | 7.4 % | 1,065.09 | 30.5 % | (291.11) | 5.0 % | (0.51) |
| 2015 | 6,741.38 | 9.3 % | 3,951.10 | 22.6 % | (971.95) | 23.4 % | (1.70) |
| Q1 2016 | 1,764.88 | 6.5 % | 1,085.55 | 24.1 % | (250.00) | 2.6 % | (0.44) |
| Q2 2016 | 1,727.40 | 4.8 % | 1,112.80 | 17.2 % | (328.30) | (63.2 %) | (0.57) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2006 | - | - | - | - | - | - | - |
| 2007 | - | - | - | - | - | - | - |
| 2008 | 505.20 | - | 16.46 | - | (2278.17) | - | (10.34) |
| 2009 | 3,004.05 | 494.6 % | 877.03 | 5228.5 % | (3099.35) | (36.0 %) | (14.07) |
| 2010 | 5,934.37 | 97.5 % | 2,530.45 | 188.5 % | (2358.44) | 23.9 % | (10.71) |
| 2011 | 6,699.06 | 12.9 % | 3,200.17 | 26.5 % | (1925.20) | 18.4 % | (8.74) |
| 2012 | 6,170.67 | (7.9 %) | 2,859.92 | (10.6 %) | (1749.40) | 9.1 % | (3.05) |
| 2013 | 6,522.59 | 5.7 % | 3,134.86 | 9.6 % | (1651.47) | 5.6 % | (2.88) |
| 2014 | 6,170.27 | (5.4 %) | 3,222.65 | 2.8 % | (1269.57) | 23.1 % | (2.21) |
| 2015 | 6,741.38 | 9.3 % | 3,951.10 | 22.6 % | (971.95) | 23.4 % | (1.70) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| 2007 | - | - | - |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| 2008 | 3.26 % | (250.38 %) | (368.16 %) |
| Q1 2009 | - | - | - |
| Q2 2009 | 16.50 % | (92.47 %) | (179.10 %) |
| Q3 2009 | 21.82 % | (58.30 %) | (133.18 %) |
| Q4 2009 | 29.19 % | (35.71 %) | (103.17 %) |
| 2009 | 29.19 % | (35.71 %) | (103.17 %) |
| Q1 2010 | 31.72 % | (23.12 %) | (85.21 %) |
| Q2 2010 | 37.30 % | (8.97 %) | (64.97 %) |
| Q3 2010 | 40.38 % | 1.01 % | (48.91 %) |
| Q4 2010 | 42.64 % | 5.57 % | (39.74 %) |
| 2010 | 42.64 % | 5.57 % | (39.74 %) |
| Q1 2011 | 45.26 % | 8.77 % | (35.22 %) |
| Q2 2011 | 48.30 % | 11.75 % | (31.08 %) |
| Q3 2011 | 49.70 % | 12.64 % | (29.57 %) |
| Q4 2011 | 47.77 % | 13.42 % | (28.74 %) |
| 2011 | 47.77 % | 13.42 % | (28.74 %) |
| Q1 2012 | 47.30 % | 14.66 % | (26.92 %) |
| Q2 2012 | 44.59 % | 14.89 % | (26.41 %) |
| Q3 2012 | 43.96 % | 14.62 % | (27.64 %) |
| Q4 2012 | 46.35 % | 14.24 % | (28.35 %) |
| 2012 | 46.35 % | 14.24 % | (28.35 %) |
| Q1 2013 | 46.07 % | 13.24 % | (27.12 %) |
| Q2 2013 | 47.44 % | 12.73 % | (26.44 %) |
| Q3 2013 | 47.88 % | 13.68 % | (25.15 %) |
| Q4 2013 | 48.06 % | 13.65 % | (25.32 %) |
| 2013 | 48.06 % | 13.65 % | (25.32 %) |
| Q1 2014 | 49.73 % | 15.48 % | (24.76 %) |
| Q2 2014 | 50.30 % | 15.95 % | (24.65 %) |
| Q3 2014 | 51.27 % | 15.29 % | (24.40 %) |
| Q4 2014 | 51.79 % | 15.50 % | (22.58 %) |
| 2014 | 52.23 % | 15.63 % | (22.77 %) |
| Q1 2015 | 52.08 % | 15.99 % | (21.21 %) |
| Q2 2015 | 53.79 % | 18.43 % | (18.95 %) |
| Q3 2015 | 55.88 % | 21.85 % | (15.66 %) |
| Q4 2015 | 58.61 % | 24.16 % | (14.42 %) |
| 2015 | 58.61 % | 24.16 % | (14.42 %) |
| Q1 2016 | 60.77 % | 25.19 % | (14.09 %) |
| Q2 2016 | 62.44 % | 24.01 % | (15.77 %) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2006 | - | - | - |
| 2007 | - | - | - |
| 2008 | 3.26 % | (250.38 %) | (368.16 %) |
| 2009 | 29.19 % | (35.71 %) | (103.17 %) |
| 2010 | 42.64 % | 5.57 % | (39.74 %) |
| 2011 | 47.77 % | 13.42 % | (28.74 %) |
| 2012 | 46.35 % | 14.24 % | (28.35 %) |
| 2013 | 48.06 % | 13.65 % | (25.32 %) |
| 2014 | 52.23 % | 15.63 % | (22.77 %) |
| 2015 | 58.61 % | 24.16 % | (14.42 %) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | (18.22 %) | (589.78 %) | (803.31 %) |
| Q4 2008 | 7.35 % | (111.71 %) | (219.58 %) |
| Q1 2009 | 25.10 % | (56.72 %) | (131.58 %) |
| Q2 2009 | 18.90 % | (53.20 %) | (122.12 %) |
| Q3 2009 | 29.43 % | (36.28 %) | (99.30 %) |
| Q4 2009 | 39.71 % | (7.82 %) | (73.44 %) |
| Q1 2010 | 35.12 % | (6.43 %) | (60.54 %) |
| Q2 2010 | 41.92 % | 3.94 % | (43.55 %) |
| Q3 2010 | 42.85 % | 8.11 % | (32.72 %) |
| Q4 2010 | 47.80 % | 12.10 % | (30.13 %) |
| Q1 2011 | 48.24 % | 10.37 % | (35.83 %) |
| Q2 2011 | 54.16 % | 16.16 % | (26.29 %) |
| Q3 2011 | 48.48 % | 11.69 % | (26.96 %) |
| Q4 2011 | 40.27 % | 15.15 % | (26.90 %) |
| Q1 2012 | 46.15 % | 15.96 % | (27.60 %) |
| Q2 2012 | 43.41 % | 17.16 % | (24.16 %) |
| Q3 2012 | 46.51 % | 10.00 % | (32.22 %) |
| Q4 2012 | 49.59 % | 13.65 % | (29.71 %) |
| Q1 2013 | 45.15 % | 12.04 % | (23.14 %) |
| Q2 2013 | 48.69 % | 15.08 % | (21.71 %) |
| Q3 2013 | 48.37 % | 13.98 % | (26.75 %) |
| Q4 2013 | 50.34 % | 13.53 % | (30.34 %) |
| Q1 2014 | 51.67 % | 19.38 % | (20.60 %) |
| Q2 2014 | 50.86 % | 16.90 % | (20.99 %) |
| Q3 2014 | 52.20 % | 11.31 % | (25.81 %) |
| Q4 2014 | 52.44 % | 14.40 % | (22.93 %) |
| Q1 2015 | 52.78 % | 21.00 % | (15.50 %) |
| Q2 2015 | 57.58 % | 26.36 % | (12.20 %) |
| Q3 2015 | 60.22 % | 25.02 % | (12.64 %) |
| Q4 2015 | 63.70 % | 24.21 % | (17.41 %) |
| Q1 2016 | 61.51 % | 25.20 % | (14.17 %) |
| Q2 2016 | 64.42 % | 21.54 % | (19.01 %) |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2007 | - | - | - | - |
| Q2 2007 | - | - | - | - |
| Q3 2007 | - | - | - | - |
| Q4 2007 | - | - | - | - |
| Q1 2008 | 220.28 | - | - | 61.09 |
| Q2 2008 | 220.28 | - | - | 60.39 |
| Q3 2008 | 220.28 | - | - | 57.44 |
| Q4 2008 | 220.28 | (10.34) | (8.44) | 53.21 |
| Q1 2009 | 220.28 | (11.35) | (11.35) | 49.74 |
| Q2 2009 | 220.28 | (14.54) | (14.54) | 45.85 |
| Q3 2009 | 220.28 | (15.32) | (15.32) | 42.13 |
| Q4 2009 | 220.28 | (14.07) | (14.07) | 39.14 |
| Q1 2010 | 220.28 | (13.60) | (13.60) | 36.14 |
| Q2 2010 | 220.28 | (12.58) | (12.58) | 33.27 |
| Q3 2010 | 220.28 | (11.33) | (11.33) | 29.90 |
| Q4 2010 | 220.28 | (10.71) | (10.71) | 27.83 |
| Q1 2011 | 220.28 | (10.11) | (10.11) | 25.58 |
| Q2 2011 | 220.28 | (9.28) | (9.28) | 23.62 |
| Q3 2011 | 220.28 | (9.01) | (9.01) | 21.58 |
| Q4 2011 | 220.28 | (8.74) | (8.74) | 19.49 |
| Q1 2012 | 220.28 | (8.23) | (8.23) | 17.79 |
| Q2 2012 | 220.28 | (7.98) | (7.98) | 16.00 |
| Q3 2012 | 573.22 | (3.08) | (3.08) | 15.53 |
| Q4 2012 | 573.22 | (3.05) | (3.05) | 14.74 |
| Q1 2013 | 573.22 | (3.01) | (3.01) | 14.05 |
| Q2 2013 | 573.22 | (2.97) | (2.97) | 13.40 |
| Q3 2013 | 573.22 | (2.85) | (2.85) | 12.67 |
| Q4 2013 | 573.22 | (2.88) | (2.88) | 11.79 |
| Q1 2014 | 573.22 | (2.74) | (2.74) | 11.22 |
| Q2 2014 | 573.22 | (2.67) | (2.67) | 10.60 |
| Q3 2014 | 573.22 | (2.49) | (2.63) | 10.10 |
| Q4 2014 | 573.22 | (2.21) | (2.45) | 9.53 |
| Q1 2015 | 573.22 | (2.11) | (2.34) | 9.04 |
| Q2 2015 | 573.22 | (1.88) | (2.12) | 8.71 |
| Q3 2015 | 573.22 | (1.72) | (1.81) | 8.31 |
| Q4 2015 | 573.22 | (1.70) | (1.70) | 7.94 |
| Q1 2016 | 573.22 | (1.68) | (1.68) | 7.45 |
| Q2 2016 | 573.22 | (1.91) | (1.91) | 6.88 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2006 | - | - | - | - |
| 2007 | - | - | - | - |
| 2008 | 220.28 | (10.34) | (8.44) | 53.21 |
| 2009 | 220.28 | (14.07) | (14.07) | 39.14 |
| 2010 | 220.28 | (10.71) | (10.71) | 27.83 |
| 2011 | 220.28 | (8.74) | (8.74) | 19.49 |
| 2012 | 573.22 | (3.05) | (3.05) | 14.74 |
| 2013 | 573.22 | (2.88) | (2.88) | 11.79 |
| 2014 | 573.22 | (2.21) | (2.45) | 9.53 |
| 2015 | 573.22 | (1.70) | (1.70) | 7.94 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| Q1 2008 | - | - | 4.80 |
| Q2 2008 | - | - | 6.26 |
| Q3 2008 | - | - | 5.04 |
| Q4 2008 | NEG | NEG | 3.09 |
| Q1 2009 | NEG | NEG | 3.20 |
| Q2 2009 | NEG | NEG | 3.95 |
| Q3 2009 | NEG | NEG | 3.99 |
| Q4 2009 | NEG | NEG | 4.00 |
| Q1 2010 | NEG | NEG | 4.16 |
| Q2 2010 | NEG | NEG | 3.92 |
| Q3 2010 | NEG | NEG | 4.08 |
| Q4 2010 | NEG | NEG | 4.30 |
| Q1 2011 | NEG | NEG | 4.16 |
| Q2 2011 | NEG | NEG | 4.51 |
| Q3 2011 | NEG | NEG | 4.47 |
| Q4 2011 | NEG | NEG | 4.39 |
| Q1 2012 | NEG | NEG | 9.41 |
| Q2 2012 | NEG | NEG | 7.52 |
| Q3 2012 | NEG | NEG | 1.95 |
| Q4 2012 | NEG | NEG | 1.58 |
| Q1 2013 | NEG | NEG | 1.71 |
| Q2 2013 | NEG | NEG | 2.18 |
| Q3 2013 | NEG | NEG | 2.22 |
| Q4 2013 | NEG | NEG | 2.33 |
| Q1 2014 | NEG | NEG | 2.73 |
| Q2 2014 | NEG | NEG | 2.76 |
| Q3 2014 | NEG | NEG | 3.12 |
| Q4 2014 | NEG | NEG | 2.00 |
| Q1 2015 | NEG | NEG | 1.90 |
| Q2 2015 | NEG | NEG | 2.09 |
| Q3 2015 | NEG | NEG | 1.75 |
| Q4 2015 | NEG | NEG | 1.68 |
| Q1 2016 | NEG | NEG | 1.87 |
| Q2 2016 | NEG | NEG | 1.82 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2006 | - | - | - |
| 2007 | - | - | - |
| 2008 | NEG | NEG | 3.09 |
| 2009 | NEG | NEG | 4.00 |
| 2010 | NEG | NEG | 4.30 |
| 2011 | NEG | NEG | 4.39 |
| 2012 | NEG | NEG | 1.58 |
| 2013 | NEG | NEG | 2.33 |
| 2014 | NEG | NEG | 2.00 |
| 2015 | NEG | NEG | 1.68 |
| Item | Q2 2016 (e) | Q2 2016 (a) | Change |
|---|---|---|---|
| Average | (229.96) | (328.30) | (42.8 %) |
| Item | Q2 2016 (e) | Q2 2016 (a) | Change |
|---|---|---|---|
| Riyad Capital | (285.00) | (328.30) | (15.2) % |
| SNB Capital | (232.00) | (328.30) | (41.5) % |
| Al Rajhi Capital | (220.00) | (328.30) | (49.2) % |
| Albilad Capital | (217.00) | (328.30) | (51.3) % |
| Alistithmar Capital | (195.80) | (328.30) | (67.7) % |
| Current | |
| Market Cap (M Riyal) | 10,748.81 |
| Enterprise Value (EV) (M) | 17,913.82 |
| Shares Outstanding ((M)) | 898.73 |
| EPS ( Riyal) (TTM) | 0.47 |
| Book Value (BV) ( Riyal) | 11.86 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | Neg |
| P/E (TTM) | 25.52 |
| Price/book | 1.01 |
| Return on Average Assets (%) (TTM) | 1.5 |
| Return on Average Equity (%) (TTM) | 3.9 |
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