SISCO’s H1 net profit up 39% to SAR 78.1 mln

20/01/2015 Argaam Exclusive

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Sustained Infrastructure Holding Co. (SISCO HOLDING)

Saudi Industrial Services Company (SISCO) reported 2014 net profit of SAR 78.1 million, 39 percent increase compared to the same period last year.

A net profit of SAR 18.5 million was reported for Q4-2014 compared to SAR 25.5 for Q4.

Financials (M)

Item	2013	2014	Change‬
Revenues	520.02	561.00	7.9 %
Gross Income	259.62	283.62	9.2 %
Operating Income	143.39	159.20	11.0 %
Net Income	56.04	78.08	39.3 %
Average Shares	81.60	81.60	-
EPS (Riyals)	0.69	0.96	39.3 %

The company attributed the increase of 2014’s net profit, compared to the same period last year to the improvement of all subsidiaries and associated companies, in addition to receiving a compensation of SAR 5.7 million for old claims.

Last year the operations of water business had stopped for approximately 50 days due to fire in the neighboring sugar factory.

The increase of Q4-2014’s net profit, compared to the same period last year was attributed to the improvement of operating results of storage and re-export business, Water desalination and distribution.

The decline of Q4’s net profit compared to the previous period (Q3-2014) was attributed to the decrease of operating results is due to seasonally as water sales and shipping business are slow during winter.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2013	Q4 2014	Change‬
Revenues	125.60	147.29	17.3 %
Gross Income	59.30	73.75	24.4 %
Operating Income	33.37	39.56	18.5 %
Net Income	11.76	18.46	57.0 %
Average Shares	81.60	81.60	-
EPS (Riyals)	0.14	0.23	57.0 %

Item	Q3 2014	Q4 2014	Change‬
Revenues	161.91	147.29	(9.0 %)
Gross Income	86.42	73.75	(14.7 %)
Operating Income	51.43	39.56	(23.1 %)
Net Income	25.53	18.46	(27.7 %)
Average Shares	81.60	81.60	-
EPS (Riyals)	0.31	0.23	(27.7 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2005	12.20	(2.6 %)	0.88	(30.1 %)	(0.73)	(108.3 %)	(0.01)
Q2 2005	12.67	(1.0 %)	0.99	(19.4 %)	(1.83)	(148.9 %)	(0.03)
Q3 2005	30.34	144.2 %	10.44	1138.4 %	10.05	1043.0 %	0.16
Q4 2005	18.95	53.4 %	4.79	494.0 %	5.43	305.3 %	0.09
2005	74.17	48.0 %	17.10	313.2 %	12.93	198.2 %	0.21
Q1 2006	18.58	52.3 %	4.52	415.8 %	0.97	234.2 %	0.02
Q2 2006	17.68	39.5 %	5.10	412.7 %	0.78	142.9 %	0.01
Q3 2006	16.20	(46.6 %)	5.41	(48.2 %)	0.67	(93.3 %)	0.01
Q4 2006	21.60	14.0 %	9.54	99.3 %	2.67	(50.9 %)	0.04
2006	74.07	(0.1 %)	24.57	43.7 %	5.10	(60.6 %)	0.08
Q1 2007	22.50	21.1 %	8.02	77.2 %	1.07	10.2 %	0.02
Q2 2007	26.96	52.5 %	11.50	125.6 %	2.72	247.3 %	0.04
Q3 2007	29.61	82.7 %	12.75	135.7 %	2.42	260.0 %	0.04
Q4 2007	28.74	33.1 %	10.89	14.2 %	(11.53)	(532.3 %)	(0.19)
2007	107.81	45.5 %	43.16	75.6 %	(5.31)	(204.3 %)	(0.09)
Q1 2008	31.49	40.0 %	13.12	63.7 %	(0.26)	(124.0 %)	0.00
Q2 2008	34.04	26.3 %	15.35	33.5 %	0.90	(67.0 %)	0.01
Q3 2008	34.65	17.0 %	15.34	20.3 %	1.04	(57.2 %)	0.01
Q4 2008	35.07	22.0 %	16.37	50.3 %	(25.88)	(124.5 %)	(0.32)
2008	135.24	25.4 %	60.19	39.5 %	(24.21)	(355.5 %)	(0.30)
Q1 2009	35.07	11.4 %	16.45	25.4 %	0.70	369.4 %	0.01
Q2 2009	37.19	9.3 %	17.62	14.8 %	(1.99)	(322.3 %)	(0.02)
Q3 2009	36.15	4.3 %	16.96	10.5 %	0.77	(25.3 %)	0.01
Q4 2009	30.48	(13.1 %)	13.89	(15.2 %)	1.77	106.8 %	0.02
2009	138.89	2.7 %	64.93	7.9 %	1.25	105.2 %	0.02
Q1 2010	55.16	57.3 %	20.58	25.1 %	2.10	201.7 %	0.03
Q2 2010	67.11	80.5 %	28.08	59.3 %	2.21	211.1 %	0.03
Q3 2010	77.23	113.6 %	31.46	85.5 %	0.23	(70.0 %)	0.00
Q4 2010	82.34	170.1 %	28.37	104.2 %	(2.42)	(236.4 %)	(0.03)
2010	281.84	102.9 %	108.50	67.1 %	2.13	70.6 %	0.03
Q1 2011	79.19	43.6 %	31.46	52.8 %	(0.78)	(137.4 %)	(0.01)
Q2 2011	96.20	43.3 %	39.31	40.0 %	5.35	141.5 %	0.07
Q3 2011	110.78	43.4 %	52.49	66.8 %	7.00	2915.1 %	0.09
Q4 2011	112.09	36.1 %	40.08	41.3 %	(0.51)	78.7 %	(0.01)
2011	398.25	41.3 %	163.34	50.5 %	11.04	419.0 %	0.14
Q1 2012	107.73	36.0 %	47.39	50.6 %	6.49	927.4 %	0.08
Q2 2012	121.48	26.3 %	51.84	31.9 %	10.97	105.1 %	0.13
Q3 2012	122.98	11.0 %	54.91	4.6 %	11.92	70.4 %	0.15
Q4 2012	121.25	8.2 %	61.64	53.8 %	8.86	1823.0 %	0.11
2012	473.44	18.9 %	215.78	32.1 %	38.23	246.2 %	0.47
Q1 2013	123.55	14.7 %	61.47	29.7 %	13.44	107.2 %	0.16
Q2 2013	142.55	17.3 %	76.21	47.0 %	19.59	78.7 %	0.24
Q3 2013	128.33	4.3 %	62.64	14.1 %	11.25	(5.7 %)	0.14
Q4 2013	125.60	3.6 %	59.30	(3.8 %)	11.76	32.8 %	0.14
2013	520.02	9.8 %	259.62	20.3 %	56.04	46.6 %	0.69
Q1 2014	121.44	(1.7 %)	56.32	(8.4 %)	12.37	(8.0 %)	0.15
Q2 2014	143.10	0.4 %	71.87	(5.7 %)	21.72	10.8 %	0.27
Q3 2014	161.91	26.2 %	86.42	38.0 %	25.53	127.0 %	0.31
Q4 2014	147.29	17.3 %	73.75	24.4 %	18.46	57.0 %	0.23
2014	561.00	7.9 %	283.62	9.2 %	78.08	39.3 %	0.96

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	74.17	48.0 %	17.10	313.2 %	12.93	198.2 %	0.21
2006	74.07	(0.1 %)	24.57	43.7 %	5.10	(60.6 %)	0.08
2007	107.81	45.5 %	43.16	75.6 %	(5.31)	(204.3 %)	(0.09)
2008	135.24	25.4 %	60.19	39.5 %	(24.21)	(355.5 %)	(0.30)
2009	138.89	2.7 %	64.93	7.9 %	1.25	105.2 %	0.02
2010	281.84	102.9 %	108.50	67.1 %	2.13	70.6 %	0.03
2011	398.25	41.3 %	163.34	50.5 %	11.04	419.0 %	0.14
2012	473.44	18.9 %	215.78	32.1 %	38.23	246.2 %	0.47
2013	520.02	9.8 %	259.62	20.3 %	56.04	46.6 %	0.69
2014	561.00	7.9 %	283.62	9.2 %	78.08	39.3 %	0.96

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	7.55 %	(6.76 %)	(10.39 %)
Q2 2005	7.09 %	(8.66 %)	(12.62 %)
Q3 2005	19.41 %	4.77 %	7.18 %
Q4 2005	23.06 %	8.22 %	17.44 %
2005	23.06 %	8.22 %	17.44 %
Q1 2006	25.76 %	11.14 %	18.16 %
Q2 2006	29.04 %	15.10 %	20.15 %
Q3 2006	27.75 %	13.99 %	11.01 %
Q4 2006	33.18 %	21.22 %	6.88 %
2006	33.18 %	21.22 %	6.88 %
Q1 2007	35.99 %	26.24 %	6.66 %
Q2 2007	39.50 %	33.13 %	8.17 %
Q3 2007	41.53 %	37.18 %	8.82 %
Q4 2007	40.04 %	33.95 %	(6.98 %)
2007	40.04 %	33.95 %	(6.98 %)
Q1 2008	41.33 %	33.19 %	(7.58 %)
Q2 2008	42.08 %	30.05 %	(8.62 %)
Q3 2008	42.44 %	24.71 %	(9.36 %)
Q4 2008	44.51 %	25.43 %	(17.90 %)
2008	44.51 %	25.43 %	(17.90 %)
Q1 2009	45.76 %	25.53 %	(16.75 %)
Q2 2009	46.34 %	21.50 %	(18.41 %)
Q3 2009	46.98 %	23.08 %	(18.40 %)
Q4 2009	46.74 %	24.33 %	0.90 %
2009	46.74 %	24.33 %	0.90 %
Q1 2010	43.44 %	28.07 %	1.67 %
Q2 2010	42.09 %	33.58 %	3.63 %
Q3 2010	40.88 %	37.29 %	2.74 %
Q4 2010	38.50 %	38.46 %	0.76 %
2010	38.50 %	38.46 %	0.76 %
Q1 2011	39.03 %	39.26 %	(0.25 %)
Q2 2011	38.99 %	40.90 %	0.71 %
Q3 2011	41.15 %	42.44 %	2.48 %
Q4 2011	41.01 %	39.13 %	2.77 %
2011	41.01 %	39.13 %	2.77 %
Q1 2012	42.00 %	38.90 %	1.95 %
Q2 2012	42.43 %	39.65 %	3.08 %
Q3 2012	41.83 %	40.81 %	4.06 %
Q4 2012	45.58 %	45.44 %	6.00 %
2012	45.58 %	45.44 %	6.00 %
Q1 2013	46.98 %	47.60 %	9.28 %
Q2 2013	49.82 %	48.95 %	10.63 %
Q3 2013	50.80 %	47.87 %	10.41 %
Q4 2013	49.93 %	47.92 %	11.06 %
2013	49.93 %	47.92 %	11.06 %
Q1 2014	49.13 %	46.89 %	9.78 %
Q2 2014	48.24 %	46.63 %	10.14 %
Q3 2014	49.62 %	47.59 %	12.09 %
Q4 2014	50.26 %	46.83 %	12.61 %
2014	50.56 %	47.92 %	12.89 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	23.06 %	8.22 %	17.44 %
2006	33.18 %	21.22 %	6.88 %
2007	40.04 %	33.95 %	(6.98 %)
2008	44.51 %	25.43 %	(17.90 %)
2009	46.74 %	24.33 %	0.90 %
2010	38.50 %	38.46 %	0.76 %
2011	41.01 %	39.13 %	2.77 %
2012	45.58 %	45.44 %	6.00 %
2013	49.93 %	47.92 %	11.06 %
2014	50.56 %	47.92 %	12.89 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	7.19 %	(7.23 %)	(5.95 %)
Q2 2005	7.84 %	(10.04 %)	(14.42 %)
Q3 2005	34.41 %	22.62 %	33.13 %
Q4 2005	25.26 %	7.31 %	28.66 %
Q1 2006	24.35 %	10.73 %	5.24 %
Q2 2006	28.82 %	15.12 %	4.43 %
Q3 2006	33.39 %	24.31 %	4.15 %
Q4 2006	44.18 %	32.91 %	12.35 %
Q1 2007	35.63 %	29.95 %	4.77 %
Q2 2007	42.66 %	41.25 %	10.09 %
Q3 2007	43.08 %	42.09 %	8.18 %
Q4 2007	37.90 %	21.85 %	(47.81 %)
Q1 2008	41.67 %	28.28 %	(0.82 %)
Q2 2008	45.10 %	28.16 %	2.63 %
Q3 2008	44.29 %	20.45 %	2.99 %
Q4 2008	46.69 %	25.14 %	(73.80 %)
Q1 2009	46.91 %	28.39 %	1.98 %
Q2 2009	47.39 %	12.55 %	(5.36 %)
Q3 2009	46.91 %	26.78 %	2.14 %
Q4 2009	45.57 %	31.13 %	5.81 %
Q1 2010	37.32 %	37.70 %	3.80 %
Q2 2010	41.85 %	34.96 %	3.30 %
Q3 2010	40.74 %	41.45 %	0.30 %
Q4 2010	34.45 %	39.03 %	(2.93 %)
Q1 2011	39.72 %	41.01 %	(0.99 %)
Q2 2011	40.86 %	41.98 %	5.56 %
Q3 2011	47.38 %	46.39 %	6.31 %
Q4 2011	35.76 %	28.17 %	(0.46 %)
Q1 2012	43.99 %	39.61 %	(3.26 %)
Q2 2012	42.68 %	44.15 %	9.03 %
Q3 2012	44.65 %	50.09 %	9.69 %
Q4 2012	50.84 %	47.19 %	7.45 %
Q1 2013	49.75 %	48.94 %	10.92 %
Q2 2013	53.46 %	49.50 %	13.88 %
Q3 2013	48.81 %	45.68 %	8.86 %
Q4 2013	47.22 %	47.41 %	10.25 %
Q1 2014	46.37 %	44.59 %	5.46 %
Q2 2014	50.23 %	48.52 %	15.18 %
Q3 2014	53.38 %	49.15 %	15.77 %
Q4 2014	50.07 %	44.46 %	12.53 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	61.11	(0.08)	(0.08)	6.70
Q2 2005	61.11	(0.10)	(0.10)	6.67
Q3 2005	61.11	0.08	0.08	7.27
Q4 2005	61.11	0.21	0.21	7.43
Q1 2006	61.11	0.24	0.24	7.43
Q2 2006	61.11	0.28	0.28	7.27
Q3 2006	61.11	0.13	0.13	7.19
Q4 2006	61.11	0.08	0.08	7.04
Q1 2007	61.11	0.09	0.09	7.06
Q2 2007	61.11	0.12	0.12	7.08
Q3 2007	61.11	0.15	0.15	7.18
Q4 2007	61.11	(0.09)	(0.12)	6.97
Q1 2008	61.11	(0.11)	(0.14)	6.89
Q2 2008	61.11	(0.14)	(0.17)	6.95
Q3 2008	81.60	(0.12)	(0.15)	9.00
Q4 2008	81.60	(0.30)	(0.30)	8.84
Q1 2009	81.60	(0.28)	(0.28)	8.85
Q2 2009	81.60	(0.32)	(0.32)	8.87
Q3 2009	81.60	(0.32)	(0.32)	8.92
Q4 2009	81.60	0.02	0.02	8.94
Q1 2010	81.60	0.03	0.03	9.02
Q2 2010	81.60	0.08	0.08	9.02
Q3 2010	81.60	0.08	0.08	9.04
Q4 2010	81.60	0.03	0.03	8.89
Q1 2011	81.60	(0.01)	(0.01)	8.88
Q2 2011	81.60	0.03	0.03	8.94
Q3 2011	81.60	0.11	0.11	9.03
Q4 2011	81.60	0.14	0.14	9.02
Q1 2012	81.60	0.22	0.10	9.06
Q2 2012	81.60	0.29	0.17	9.14
Q3 2012	81.60	0.35	0.23	9.21
Q4 2012	81.60	0.47	0.35	9.39
Q1 2013	81.60	0.55	0.56	9.51
Q2 2013	81.60	0.66	0.66	9.83
Q3 2013	81.60	0.65	0.66	9.93
Q4 2013	81.60	0.69	0.70	10.13
Q1 2014	81.60	0.67	0.62	10.25
Q2 2014	81.60	0.70	0.64	10.53
Q3 2014	81.60	0.87	0.82	10.94
Q4 2014	81.60	0.96	0.89	11.19

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	61.11	0.21	0.21	7.43
2006	61.11	0.08	0.08	7.04
2007	61.11	(0.09)	(0.12)	6.97
2008	81.60	(0.30)	(0.30)	8.84
2009	81.60	0.02	0.02	8.94
2010	81.60	0.03	0.03	8.89
2011	81.60	0.14	0.14	9.02
2012	81.60	0.47	0.35	9.39
2013	81.60	0.69	0.70	10.13
2014	81.60	0.96	0.89	11.19

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	NEG	NEG	2.90
Q2 2005	NEG	NEG	4.14
Q3 2005	More than 100	More than 100	6.67
Q4 2005	More than 100	More than 100	8.82
Q1 2006	More than 100	More than 100	7.51
Q2 2006	More than 100	More than 100	7.47
Q3 2006	More than 100	More than 100	16.19
Q4 2006	More than 100	More than 100	4.07
Q1 2007	More than 100	More than 100	3.88
Q2 2007	More than 100	More than 100	3.10
Q3 2007	More than 100	More than 100	3.69
Q4 2007	NEG	NEG	4.33
Q1 2008	NEG	NEG	3.00
Q2 2008	NEG	NEG	3.32
Q3 2008	NEG	NEG	1.23
Q4 2008	NEG	NEG	0.89
Q1 2009	NEG	NEG	0.88
Q2 2009	NEG	NEG	1.20
Q3 2009	NEG	NEG	1.50
Q4 2009	More than 100	More than 100	1.38
Q1 2010	More than 100	More than 100	1.47
Q2 2010	More than 100	More than 100	1.15
Q3 2010	More than 100	More than 100	1.52
Q4 2010	More than 100	More than 100	1.41
Q1 2011	NEG	NEG	1.23
Q2 2011	More than 100	More than 100	1.36
Q3 2011	89.96	89.96	1.12
Q4 2011	81.57	81.57	1.22
Q1 2012	71.82	More than 100	1.78
Q2 2012	37.06	63.66	1.19
Q3 2012	35.46	54.26	1.36
Q4 2012	24.27	32.67	1.21
Q1 2013	22.34	22.23	1.30
Q2 2013	17.24	17.11	1.16
Q3 2013	19.26	19.06	1.26
Q4 2013	20.44	19.92	1.39
Q1 2014	22.01	23.89	1.45
Q2 2014	20.89	22.68	1.39
Q3 2014	18.60	19.89	1.49
Q4 2014	13.14	14.18	1.12

Period	P/E	Adjusted P/E	Price/book
2005	More than 100	More than 100	8.82
2006	More than 100	More than 100	4.07
2007	NEG	NEG	4.33
2008	NEG	NEG	0.89
2009	More than 100	More than 100	1.38
2010	More than 100	More than 100	1.41
2011	81.57	81.57	1.22
2012	24.27	32.67	1.21
2013	20.44	19.92	1.39
2014	13.14	14.18	1.12

Business Segments (Million)

Compared With The

Period	Port development and operation	Logistics spaces and support services	Water desalination and distriution	Industrial support service
Q1 2007	-	3.04	12.30	7.16
Q2 2007	-	3.74	15.54	7.68
Q3 2007	-	3.94	17.41	8.26
Q4 2007	-	4.01	17.01	7.72
Q1 2008	-	6.39	16.26	8.83
Q2 2008	-	6.89	17.75	9.40
Q3 2008	-	7.07	18.43	9.14
Q4 2008	-	8.51	17.65	8.92
Q1 2009	-	9.51	16.53	9.03
Q2 2009	-	10.31	17.91	8.97
Q3 2009	-	10.26	17.64	8.26
Q4 2009	0.71	2.41	18.60	8.76
Q1 2010	17.07	9.62	19.02	9.46
Q2 2010	26.99	9.43	20.87	9.82
Q3 2010	38.43	10.26	19.19	9.34
Q4 2010	38.80	14.44	19.58	9.53
Q1 2011	41.06	10.72	17.98	9.44
Q2 2011	56.92	11.02	18.08	10.18
Q3 2011	71.30	10.80	18.94	9.73
Q4 2011	70.48	12.27	18.92	10.43
Q1 2012	65.58	13.96	18.05	10.15
Q2 2012	77.66	15.32	17.82	10.67
Q3 2012	80.89	17.25	15.26	9.57
Q4 2012	81.33	18.56	14.56	6.81
Q1 2013	81.71	17.89	17.10	6.86
Q2 2013	97.91	17.70	19.94	7.00
Q3 2013	90.45	18.80	12.11	6.97
Q4 2013	82.45	21.26	18.56	3.32
Q1 2014	74.88	22.26	19.29	5.01
Q2 2014	91.09	23.88	23.63	4.49
Q3 2014	103.17	29.55	24.82	4.37
Q4 2014	97.38	26.12	23.74	-

Period	Port development and operation	Logistics spaces and support services	Water desalination and distriution	Industrial support service
2007	-	14.73	62.25	30.82
2008	-	28.86	70.09	36.29
2009	0.71	32.49	70.67	35.02
2010	121.28	43.74	78.66	38.16
2011	239.76	44.79	73.92	39.78
2012	305.46	65.09	65.70	37.20
2013	352.52	75.65	67.71	24.14
2014	366.52	101.81	91.47	1.19

Financial Ratios

	Current
Market Cap (M Riyal)	2,656.08
Enterprise Value (EV) (M)	3,787.99
Shares Outstanding ((M))	81.60
EPS ( Riyal) (TTM)	0.37
Book Value (BV) ( Riyal)	18.32
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	44.17
P/E (TTM)	More than 100
Price/book	1.78
Return on Average Assets (%) (TTM)	0.5
Return on Average Equity (%) (TTM)	2.0

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SISCO’s H1 net profit up 39% to SAR 78.1 mln

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Share Price

Sustained Infrastructure Holding Co. (SISCO HOLDING)

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

Business Segments (Million)

Revenue by Business Segment (Latest) 2014 Q4

Financial Ratios

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SISCO’s H1 net profit up 39% to SAR 78.1 mln

View other reports

Share Price

Sustained Infrastructure Holding Co. (SISCO HOLDING)

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

Business Segments (Million) Q4 2014

Revenue by Business Segment (Latest) 2014 Q4

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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Business Segments (Million)