L’Azurde For Jewelry Company reported a net profit of SAR 28.9 million in the first nine months of 2017, a 60.2 percent tumble year-on-year (YoY), attributed to a 22 percent decline in operating revenue mainly due to the devaluation of the Egyptian pound and lower export sales.
The company had recorded a SAR 9.9 million one-off gain in the same period last year from foreign exchange.
| Item | 9m 2016 | 9m 2017 | Change |
|---|---|---|---|
| Revenues | 1,842.06 | 1,416.44 | (23.1 %) |
| Gross Income | 231.70 | 170.72 | (26.3 %) |
| Operating Income | 97.76 | 61.28 | (37.3 %) |
| Net Income | 72.72 | 28.91 | (60.2 %) |
| Average Shares | 50.51 | 50.51 | - |
| EPS (Riyals) | 1.44 | 0.57 | (60.2 %) |
Q3 net profit plunged 98.2 percent YoY to SAR 502,000 due to a 20.4 percent drop in gold wholesale on Egyptian pound devaluation and higher zakat and income tax expenses.
Compared to the previous quarter, Q3 net earnings slumped 92.1 percent.
| Item | Q3 2016 | Q3 2017 | Change |
|---|---|---|---|
| Revenues | 406.33 | 399.91 | (1.6 %) |
| Gross Income | 73.89 | 44.94 | (39.2 %) |
| Operating Income | 39.77 | 10.73 | (73.0 %) |
| Net Income | 28.75 | 0.50 | (98.3 %) |
| Average Shares | 50.51 | 50.51 | - |
| EPS (Riyals) | 0.57 | 0.01 | (98.3 %) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2017 | 604.69 | (31.6 %) | 74.15 | (36.8 %) | 21.99 | (56.9 %) | 0.44 |
| Q2 2017 | 411.84 | (25.4 %) | 51.63 | 27.5 % | 6.42 | 191.3 % | 0.13 |
| Q3 2017 | 399.91 | (1.6 %) | 44.94 | (39.2 %) | 0.50 | (98.3 %) | 0.01 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2017 | 11.58 % | 3.48 % | (0.07 %) |
| Q2 2017 | 13.29 % | 4.43 % | 0.76 % |
| Q3 2017 | 11.53 % | 2.60 % | (1.01 %) |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2017 | 50.51 | 0.85 | (0.03) | 8.35 |
| Q2 2017 | 50.51 | 1.12 | 0.24 | 8.03 |
| Q3 2017 | 50.51 | 0.56 | (0.32) | 8.02 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2017 | 28.62 | NEG | 2.91 |
| Q2 2017 | 19.72 | More than 50 | 2.74 |
| Q3 2017 | 38.64 | NEG | 2.69 |
Q3 2017
| Period | Wholesale sector | Retail sector |
|---|---|---|
| Q1 2017 | 573.29 | 31.40 |
| Q2 2017 | 387.78 | 24.06 |
| Q3 2017 | 374.26 | 25.65 |
| Current | |
| Market Cap (M Riyal) | 839.50 |
| Enterprise Value (EV) (M) | 2,011.40 |
| Shares Outstanding ((M)) | 57.50 |
| EPS ( Riyal) (TTM) | 0.82 |
| Book Value (BV) ( Riyal) | 5.58 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 22.64 |
| P/E (TTM) | 17.79 |
| Price/book | 2.62 |
| Return on Average Assets (%) (TTM) | 2.7 |
| Return on Average Equity (%) (TTM) | 13.5 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}