MEPCO’s H1 net profit jumps 131% to SAR 99 mln

31/07/2016 Argaam Exclusive

View other reports

Share Price

Middle East Paper Co.
39.00
(0.45) (1.14 %)

Middle East Paper Co. (MEPCO)

More

 

Middle East Paper Co. (MEPCO), a manufacturer of cardboard and industrial paper, reported a net profit of SAR 98.7 million for the first half of 2016, a 131 percent year-on-year (YoY) jump on the back of a non-reoccurring gain from a claim for expropriated land and premises by National Water Co.

 

Gross and operating profit declined mainly due to a decrease in sales value, higher cost of sales, along with higher general and administrative expenses.



Financials (M)

Item 6m 2015 6m 2016 Change‬
Revenues 368.84 341.36 (7.5 %)
Gross Income 95.31 77.17 (19.0 %)
Operating Income 54.43 27.53 (49.4 %)
Net Income 42.77 105.09 145.7 %
Average Shares 66.67 66.67 -
EPS (Riyals) 0.64 1.58 145.7 %

Net profit for the second quarter soared 338 percent to SAR 85.6 million compared to the same quarter last year and this year’s previous quarter also due to the non-reoccurring gain.



Current Quarter Comparison (M)

Compared With The
Item Q2 2015 Q2 2016 Change‬
Revenues 184.14 164.82 (10.5 %)
Gross Income 48.17 28.37 (41.1 %)
Operating Income 26.28 3.01 (88.6 %)
Net Income 19.57 88.31 351.3 %
Average Shares 66.67 66.67 -
EPS (Riyals) 0.29 1.32 351.3 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
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 175.85 - 41.28 - 11.26 - 0.17
Q2 2013 195.47 - 50.61 - 22.76 - 0.34
Q3 2013 200.50 - 61.21 - 31.50 - 0.47
Q4 2013 188.35 - 50.81 - 22.56 - 0.34
Q1 2014 200.96 14.3 % 52.97 28.3 % 22.83 102.7 % 0.34
Q2 2014 203.05 3.9 % 59.04 16.7 % 29.26 28.6 % 0.44
Q3 2014 219.60 9.5 % 68.98 12.7 % 36.35 15.4 % 0.55
Q4 2014 202.50 7.5 % 53.41 5.1 % 22.91 1.5 % 0.34
Q1 2015 184.71 (8.1 %) 47.14 (11.0 %) 23.20 1.6 % 0.35
Q2 2015 184.14 (9.3 %) 48.17 (18.4 %) 19.57 (33.1 %) 0.29
Q3 2015 172.83 (21.3 %) 41.85 (39.3 %) 9.58 (73.6 %) 0.14
Q4 2015 139.50 (31.1 %) 35.70 (33.2 %) 2.77 (87.9 %) 0.04
Q1 2016 176.54 (4.4 %) 48.80 3.5 % 16.78 (27.7 %) 0.25
Q2 2016 164.82 (10.5 %) 28.37 (41.1 %) 88.31 351.3 % 1.32

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 26.82 % 26.56 % 11.59 %
Q1 2014 27.46 % 27.05 % 12.69 %
Q2 2014 28.26 % 28.06 % 13.39 %
Q3 2014 28.55 % 28.01 % 13.67 %
Q4 2014 28.37 % 27.86 % 13.48 %
Q1 2015 28.22 % 28.65 % 13.79 %
Q2 2015 27.52 % 28.28 % 12.90 %
Q3 2015 25.61 % 26.90 % 10.11 %
Q4 2015 25.38 % 26.78 % 8.09 %
Q1 2016 25.93 % 25.91 % 7.23 %
Q2 2016 23.67 % 22.33 % 3.90 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 66.67 - - 5.15
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 66.67 - - 6.47
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 66.67 - - 7.04
Q1 2013 66.67 - - 7.21
Q2 2013 66.67 - - 7.55
Q3 2013 66.67 - - 8.02
Q4 2013 66.67 1.32 1.32 7.99
Q1 2014 66.67 1.49 1.49 8.33
Q2 2014 66.67 1.59 1.59 8.15
Q3 2014 66.67 1.66 1.66 8.70
Q4 2014 66.67 1.67 1.67 9.04
Q1 2015 66.67 1.68 1.68 9.39
Q2 2015 66.67 1.53 1.53 9.68
Q3 2015 66.67 1.13 1.13 9.83
Q4 2015 66.67 0.83 0.83 9.87
Q1 2016 66.67 0.73 0.73 9.62
Q2 2016 66.67 1.76 0.38 10.57

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 26.14 26.14 4.13
Q3 2015 25.29 25.29 2.90
Q4 2015 30.07 30.07 2.52
Q1 2016 24.74 24.74 1.88
Q2 2016 10.23 47.15 1.71

Business Segments (Million)

Compared With The
Period The industrial sector The commercial sector Disposals
Q1 2013 158.35 71.46 (53.97)
Q2 2013 178.71 81.47 (64.72)
Q3 2013 185.64 77.94 (63.08)
Q4 2013 178.20 71.61 (61.46)
Q1 2014 189.39 64.27 (52.69)
Q2 2014 186.73 82.23 (65.90)
Q3 2014 204.13 83.05 (67.58)
Q4 2014 190.08 90.98 (78.55)
Q1 2015 149.78 73.94 (39.01)
Q2 2015 170.79 72.52 (59.17)
Q3 2015 171.60 59.18 (57.94)
Q4 2015 142.39 54.31 (57.21)
Q1 2016 167.90 61.40 (52.77)
Q2 2016 147.30 58.38 (40.87)


Financial Ratios
Current
Market Cap (M Riyal) 3,380.13
Enterprise Value (EV) (M) 3,892.16
Shares Outstanding ((M)) 86.67
EPS ( Riyal) (TTM) (1.06)
Book Value (BV) ( Riyal) 19.22
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.03
Return on Average Assets (%) (TTM) (4.72 )
Return on Average Equity (%) (TTM) (6.48 )
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.