Al Kathiri’s net profit rises 48% in 9M 2019

31/10/2019 Argaam Exclusive

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Al Kathiri Holding Co. posted a net profit after zakat and tax of SAR 11.7 million for the first nine months of 2019, a rise of 47.8 percent year-on-year (YoY) driven by improved operating profit margin amid higher sales revenue.

Financials (M)

Item	9m 2018	9m 2019	Change‬
Revenues	40.21	63.11	56.9 %
Gross Income	13.49	20.09	48.9 %
Operating Income	7.92	12.81	61.8 %
Net Income	7.93	11.72	47.8 %
Average Shares	213.84	213.84	-
EPS (Halala)	3.71	5.48	47.8 %

The company’s Q3 net profit after zakat and tax jumped 22 percent YoY to SAR 4.14 million on improved operating margin amid higher sales revenue.

When compared to the previous quarter, Q3 net profit climbed 37.7 percent due to a decline in the cost of goods sold.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2018	Q3 2019	Change‬
Revenues	13.67	18.02	31.8 %
Gross Income	5.49	6.68	21.6 %
Operating Income	3.48	4.20	20.9 %
Net Income	3.40	4.15	22.1 %
Average Shares	213.84	213.84	-
EPS (Halala)	1.59	1.94	22.1 %

Item	Q2 2019	Q3 2019	Change‬
Revenues	17.90	18.02	0.7 %
Gross Income	5.62	6.68	18.9 %
Operating Income	3.14	4.20	34.1 %
Net Income	3.01	4.15	37.8 %
Average Shares	213.84	213.84	-
EPS (Halala)	1.41	1.94	37.8 %

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
Q3 2019	18.02	31.8 %	6.68	21.6 %	4.15	22.1 %	1.94

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 %
Q3 2019	31.08 %	25.75 %	18.12 %

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 %
Q3 2019	37.06 %	30.46 %	23.00 %

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
Q3 2019	213.84	6.13	6.13	0.31

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
Q3 2019	16.43	16.43	3.22

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)	599.01
Enterprise Value (EV) (M)	673.47
Shares Outstanding ((M))	226.04
EPS (Halala) (TTM)	(2.42)
Book Value (BV) ( Riyal)	0.58
Par Value ( Halala)	50.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	4.56
Return on Average Assets (%) (TTM)	(2.16 )
Return on Average Equity (%) (TTM)	(4.07 )

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Al Kathiri’s net profit rises 48% in 9M 2019

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Financials (M)

Current Quarter Comparison (M)

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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 rises 48% in 9M 2019

View other reports

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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