Qassim Agriculture posts net loss at SAR 5.2m in I2 of 2014

30/06/2014 Argaam Exclusive

Al Qassim Agriculture Company, reported SAR 5.2m net loss at the end of the first half of 2014,  compared to SAR 3.1m in the same period last year, as shown in the following table:

Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 39.89 29.00 (27.3 %)
Gross Income 2.34 (0.26) (111.1 %)
Operating Income (3.67) (6.94) (89.1 %)
Net Income (3.13) (5.21) (66.5 %)
Average Shares 30.00 30.00 -
EPS (Riyals) (0.10) (0.17) (66.5 %)

Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 20.27 20.06 (1.1 %)
Gross Income 3.24 3.00 (7.4 %)
Operating Income 0.22 0.28 28.4 %
Net Income 0.05 2.14 4446.8 %
Average Shares 30.00 30.00 -
EPS (Riyals) 0.00 0.07 4446.8 %

View other reports

Share Price

Al Gassim Investment Holding Co.
26.65
(0.10) (0.37 %)

Al Gassim Investment Holding Co. (GACO )

Financial Ratios
Current
Market Cap (M Riyal) 796.50
Enterprise Value (EV) (M) 758.08
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) 0.24
Book Value (BV) ( Riyal) 9.91
Adjusted P/E (Last12) More than 50
P/E (TTM) More than 50
Price/book 2.68
Return on Average Assets (%) (TTM) 1.6
Return on Average Equity (%) (TTM) 2.5
more

Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS (Riyal)
Q1 2005 3.17 - (0.34) - 9.40 - 0.31
Q2 2005 25.21 - 1.35 - 20.46 - 0.68
Q3 2005 4.95 - 0.04 - 27.13 - 0.90
Q4 2005 4.11 - 4.20 - 14.75 - 0.49
Q1 2006 6.85 116.1 % 0.10 129.4 % 3.56 (62.1 %) 0.12
Q2 2006 9.68 (61.6 %) 2.87 112.6 % (20.07) (198.1 %) (0.67)
Q3 2006 15.64 216.0 % 4.79 11875.0 % (23.31) (185.9 %) (0.78)
Q4 2006 33.48 714.6 % 1.13 (73.1 %) (14.77) (200.2 %) (0.49)
Q1 2007 17.90 161.3 % 1.29 1190.0 % 0.24 (93.2 %) 0.01
Q2 2007 7.86 (18.8 %) (0.20) (107.0 %) (2.58) 87.1 % (0.09)
Q3 2007 12.27 (21.5 %) 2.82 (41.1 %) 0.99 104.2 % 0.03
Q4 2007 11.20 (66.5 %) (0.28) (124.8 %) (1.49) 89.9 % (0.05)
Q1 2008 27.42 53.2 % 0.90 (30.2 %) 0.55 127.7 % 0.02
Q2 2008 11.24 43.0 % 0.64 420.0 % (0.36) 85.9 % (0.01)
Q3 2008 30.27 146.7 % 3.82 35.5 % 1.33 34.5 % 0.04
Q4 2008 19.48 73.9 % 0.37 232.1 % (1.22) 18.0 % (0.04)
Q1 2009 26.56 (3.1 %) 0.55 (38.9 %) 0.10 (81.1 %) 0.00
Q2 2009 14.47 28.7 % (1.74) (371.9 %) (3.05) (737.9 %) (0.10)
Q3 2009 22.95 (24.2 %) 0.15 (96.1 %) (1.79) (234.6 %) (0.06)
Q4 2009 20.30 4.2 % (0.58) (256.8 %) (2.22) (81.4 %) (0.07)
Q1 2010 14.24 (46.4 %) (2.40) (536.4 %) 1.33 1178.8 % 0.04
Q2 2010 16.09 11.2 % (8.13) (367.2 %) (10.29) (237.5 %) (0.34)
Q3 2010 21.18 (7.7 %) (0.20) (233.3 %) (2.54) (41.9 %) (0.08)
Q4 2010 29.38 44.7 % (2.04) (251.7 %) (6.16) (177.4 %) (0.21)
Q1 2011 13.02 (8.6 %) (1.72) 28.3 % (1.87) (240.8 %) (0.06)
Q2 2011 17.64 9.6 % 1.21 114.9 % (1.70) 83.4 % (0.06)
Q3 2011 21.14 (0.2 %) (3.44) (1,620.0 %) (5.89) (132.5 %) (0.20)
Q4 2011 11.46 (61.0 %) (3.69) (80.9 %) (6.59) (7.1 %) (0.22)
Q1 2012 12.02 (7.7 %) 0.72 141.9 % 7.25 487.0 % 0.24
Q2 2012 21.61 22.5 % (1.15) (195.0 %) (0.14) 91.6 % 0.00
Q3 2012 22.10 4.5 % (0.94) 72.7 % (2.32) 60.7 % (0.08)
Q4 2012 16.00 39.6 % (5.45) (47.7 %) (12.31) (86.7 %) (0.41)
Q1 2013 19.62 63.2 % (0.90) (225.0 %) (3.17) (143.8 %) (0.11)
Q2 2013 20.27 (6.2 %) 3.24 381.7 % 0.05 132.9 % 0.00
Q3 2013 18.97 (14.2 %) (0.71) 24.5 % (2.90) (25.4 %) (0.10)
Q4 2013 11.13 (30.4 %) (3.02) 44.6 % (6.25) 49.2 % (0.21)
Q1 2014 8.94 (54.4 %) (3.26) (262.6 %) (7.34) (131.4 %) (0.24)
Q2 2014 20.06 (1.1 %) 3.00 (7.4 %) 2.14 4446.8 % 0.07

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 3.15 % - 170.97 %
Q4 2005 14.02 % 20.65 % 191.59 %
Q1 2006 13.84 % 19.29 % 160.24 %
Q2 2006 28.18 % 53.15 % 99.11 %
Q3 2006 32.97 % 65.16 % 52.60 %
Q4 2006 13.54 % 23.49 % 1.26 %
Q1 2007 13.14 % 21.96 % (3.25 %)
Q2 2007 9.36 % 26.02 % 20.03 %
Q3 2007 7.05 % 18.60 % (6.80 %)
Q4 2007 7.37 % 24.68 % (5.77 %)
Q1 2008 5.51 % 19.33 % (4.31 %)
Q2 2008 6.57 % 19.45 % (0.51 %)
Q3 2008 6.34 % 15.72 % 0.03 %
Q4 2008 6.48 % 14.89 % 0.33 %
Q1 2009 6.15 % 14.35 % (0.18 %)
Q2 2009 3.30 % 11.79 % (3.13 %)
Q3 2009 (0.80 %) 9.08 % (7.14 %)
Q4 2009 (1.92 %) 7.57 % (8.25 %)
Q1 2010 (6.35 %) 4.78 % (7.96 %)
Q2 2010 (14.90 %) (4.35 %) (17.63 %)
Q3 2010 (15.75 %) (5.30 %) (19.10 %)
Q4 2010 (15.79 %) (9.22 %) (21.83 %)
Q1 2011 (15.18 %) (9.46 %) (26.18 %)
Q2 2011 (3.39 %) 2.00 % (15.11 %)
Q3 2011 (7.38 %) (2.30 %) (19.25 %)
Q4 2011 (12.08 %) (2.58 %) (25.39 %)
Q1 2012 (8.35 %) (6.03 %) (4.22 %)
Q2 2012 (11.41 %) (9.77 %) (1.64 %)
Q3 2012 (7.53 %) (5.62 %) 0.33 %
Q4 2012 (9.51 %) (10.79 %) (37.87 %)
Q1 2013 (10.64 %) (7.38 %) (52.82 %)
Q2 2013 (5.19 %) (11.88 %) (53.46 %)
Q3 2013 (5.10 %) 3.87 % (53.45 %)
Q4 2013 (1.99 %) 11.04 % (17.39 %)
Q1 2014 (6.33 %) 16.52 % (27.55 %)
Q2 2014 (6.76 %) 25.77 % (24.11 %)

Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS Adjusted EPS Book Value (BV)
Q1 2005 30.00 - - 12.45
Q2 2005 30.00 - - 14.09
Q3 2005 30.00 1.90 1.90 15.00
Q4 2005 30.00 2.39 2.39 15.46
Q1 2006 30.00 2.20 2.20 15.57
Q2 2006 30.00 0.85 0.85 14.91
Q3 2006 30.00 (0.84) 0.64 14.12
Q4 2006 30.00 (1.82) 0.03 13.58
Q1 2007 30.00 (1.93) (0.08) 13.59
Q2 2007 30.00 (1.35) 0.50 13.50
Q3 2007 30.00 (0.54) (0.16) 13.52
Q4 2007 30.00 (0.09) (0.09) 13.47
Q1 2008 30.00 (0.08) (0.08) 13.49
Q2 2008 30.00 (0.01) (0.01) 13.51
Q3 2008 30.00 0.00 0.00 13.56
Q4 2008 30.00 0.01 0.01 13.52
Q1 2009 30.00 (0.01) (0.01) 13.33
Q2 2009 30.00 (0.09) (0.09) 13.42
Q3 2009 30.00 (0.20) (0.20) 13.36
Q4 2009 30.00 (0.23) (0.23) 13.28
Q1 2010 30.00 (0.19) (0.19) 13.33
Q2 2010 30.00 (0.43) (0.43) 12.99
Q3 2010 30.00 (0.46) (0.46) 12.90
Q4 2010 30.00 (0.59) (0.59) 12.70
Q1 2011 30.00 (0.70) (0.70) 12.63
Q2 2011 30.00 (0.41) (0.41) 12.58
Q3 2011 30.00 (0.52) (0.52) 12.38
Q4 2011 30.00 (0.54) (0.54) 12.16
Q1 2012 30.00 (0.23) (0.09) 12.65
Q2 2012 30.00 (0.18) (0.04) 12.47
Q3 2012 30.00 (0.06) 0.01 12.35
Q4 2012 30.00 (0.25) (0.91) 11.92
Q1 2013 30.00 (0.60) (1.40) 11.80
Q2 2013 30.00 (0.59) (1.39) 11.80
Q3 2013 30.00 (0.61) (1.33) 11.71
Q4 2013 30.00 (0.41) (0.41) 11.50
Q1 2014 30.00 (0.55) (0.54) 11.26
Q2 2014 30.00 (0.48) (0.48) 11.33

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 - - 2.03
Q2 2005 - - 4.21
Q3 2005 40.54 40.54 5.13
Q4 2005 More than 50 More than 50 8.39
Q1 2006 33.84 33.84 4.77
Q2 2006 More than 50 More than 50 7.04
Q3 2006 NEG More than 50 7.35
Q4 2006 NEG More than 50 2.58
Q1 2007 NEG NEG 2.54
Q2 2007 NEG More than 50 2.07
Q3 2007 NEG NEG 2.53
Q4 2007 NEG NEG 2.81
Q1 2008 NEG NEG 1.98
Q2 2008 NEG NEG 1.73
Q3 2008 More than 50 More than 50 1.18
Q4 2008 More than 50 More than 50 0.94
Q1 2009 NEG NEG 1.13
Q2 2009 NEG NEG 1.25
Q3 2009 NEG NEG 1.30
Q4 2009 NEG NEG 1.29
Q1 2010 NEG NEG 1.24
Q2 2010 NEG NEG 1.08
Q3 2010 NEG NEG 1.13
Q4 2010 NEG NEG 1.19
Q1 2011 NEG NEG 1.35
Q2 2011 NEG NEG 1.38
Q3 2011 NEG NEG 1.31
Q4 2011 NEG NEG 3.06
Q1 2012 NEG NEG 3.85
Q2 2012 NEG NEG 2.31
Q3 2012 NEG More than 50 2.15
Q4 2012 NEG NEG 1.97
Q1 2013 NEG NEG 2.01
Q2 2013 NEG NEG 1.85
Q3 2013 NEG NEG 2.01
Q4 2013 NEG NEG 2.62
Q1 2014 NEG NEG 2.52
Q2 2014 NEG NEG 2.28

Business Segments (Million)

Compared With The
Period Agri Sector- Shri Project Agri Sector- Jouf Project Agri Sector- Poultry Project Dates Factory Dairy sector Agricultural Activity
Q1 2013 11.09 2.87 2.50 3.17 - -
Q2 2013 10.14 4.29 2.50 3.34 - -
Q3 2013 10.67 4.13 2.50 1.67 - -
Q4 2013 5.75 1.28 2.50