Ash-Sharqiyah Development widens losses in H1

17/08/2017 Argaam Exclusive

 

Ash-Sharqiyah Development Co. reported a net loss of SAR 7.47 million for the first half of 2017, compared to a net loss of SAR 6.1 million in the same period last year on lower sales driven by slowing milk production.



Financials (M)

Item 6m 2016 6m 2017 Change‬
Revenues 3.75 0.85 (77.2 %)
Gross Income (4.43) (4.08) 7.8 %
Operating Income (6.80) (5.98) 12.1 %
Net Income (6.06) (7.47) (23.2 %)
Average Shares 19.65 19.65 -
EPS (Riyals) (0.31) (0.38) (23.2 %)

The company reported a net loss of SAR 3.87 million for the second quarter of 2017 compared to a loss of SAR 1.98 million for the same period last year and a loss of SAR 3.6 million for the previous quarter on lower sales which was partially offset by lower general & administrative expenses.



Current Quarter Comparison (M)

Compared With The
Item Q2 2016 Q2 2017 Change‬
Revenues 2.69 0.40 (85.0 %)
Gross Income (1.56) (2.04) (30.5 %)
Operating Income (2.59) (2.89) (11.8 %)
Net Income (1.99) (3.87) (94.8 %)
Average Shares 19.65 19.65 -
EPS (Riyals) (0.10) (0.20) (94.8 %)

View other reports

Share Price

Ash-Sharqiyah Development Co.
20.24
0.14 0.70 %

Ash-Sharqiyah Development Co. (SHARQIYAH DEV)

More


Financial Ratios
Current
Market Cap (M Riyal) 607.20
Enterprise Value (EV) (M) 429.65
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) 0.35
Book Value (BV) ( Riyal) 12.49
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 1.62
Return on Average Assets (%) (TTM) 2.5
Return on Average Equity (%) (TTM) 2.9
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2008 13.43 45.1 % (1.05) 51.7 % (2.18) 25.0 %
Q2 2008 10.58 4.3 % 3.06 93.7 % 1.06 194.7 %
Q3 2008 14.29 35.4 % 1.74 (49.1 %) 0.06 (97.3 %)
Q4 2008 13.03 (46.5 %) (6.06) (198.5 %) (10.05) (348.2 %)
Q1 2009 8.93 (33.5 %) 0.63 160.0 % (0.56) 74.2 %
Q2 2009 8.99 (15.0 %) 1.69 (44.5 %) 0.20 (81.0 %)
Q3 2009 7.49 (47.6 %) (0.40) (122.9 %) (1.46) (2384.4 %)
Q4 2009 6.83 (47.6 %) (0.37) 93.9 % (2.25) 77.6 %
Q1 2010 8.61 (3.6 %) (1.71) (371.9 %) (3.04) (440.9 %)
Q2 2010 9.66 7.5 % 0.86 (49.2 %) (0.33) (263.0 %)
Q3 2010 7.60 1.4 % 1.51 479.4 % 0.24 116.6 %
Q4 2010 9.56 40.1 % (0.66) (77.8 %) (2.12) 5.9 %
Q1 2011 9.05 5.1 % 0.67 139.2 % (0.62) 79.7 %
Q2 2011 9.98 3.3 % 0.15 (82.8 %) (1.10) (235.9 %)
Q3 2011 4.44 (41.6 %) (1.38) (191.1 %) (2.51) (1132.5 %)
Q4 2011 5.72 (40.2 %) (2.13) (223.9 %) (4.61) (117.7 %)
Q1 2012 7.79 (13.9 %) (2.51) (474.0 %) (3.45) (458.9 %)
Q2 2012 7.32 (26.7 %) (0.86) (680.4 %) (2.41) (120.4 %)
Q3 2012 4.72 6.3 % (0.92) 33.5 % (1.94) 22.7 %
Q4 2012 0.72 (87.3 %) 0.69 132.1 % (1.05) 77.3 %
Q1 2013 5.22 (33.0 %) (1.79) 28.5 % (2.57) 25.7 %
Q2 2013 4.81 (34.3 %) (0.02) 97.6 % (1.29) 46.7 %
Q3 2013 3.85 (18.4 %) (0.05) 94.4 % (1.52) 21.8 %
Q4 2013 3.76 419.1 % (0.82) (219.0 %) (2.42) (130.9 %)
Q1 2014 4.25 (18.5 %) (0.26) 85.7 % (1.54) 40.1 %
Q2 2014 4.36 (9.3 %) (0.38) (1,709.5 %) (1.43) (10.9 %)
Q3 2014 4.00 3.9 % 0.36 798.0 % (0.93) 38.7 %
Q4 2014 6.80 81.0 % 1.11 236.7 % (0.41) 82.9 %
Q1 2015 5.38 26.4 % 1.62 732.4 % 0.06 103.8 %
Q2 2015 6.06 38.9 % 2.70 809.5 % 0.51 135.6 %
Q3 2015 6.15 53.6 % 2.43 582.3 % 0.56 160.2 %
Q4 2015 5.70 (16.3 %) 1.66 49.0 % 0.57 237.1 %
Q1 2016 1.06 (80.2 %) (2.86) (276.8 %) (4.21) (7242.4 %)
Q2 2016 2.69 (55.6 %) (1.56) (158.0 %) (2.59) (610.7 %)
Q3 2016 2.30 (62.6 %) (1.40) (157.5 %) (2.41) (529.8 %)
Q4 2016 0.48 (91.5 %) (5.24) (415.8 %) (6.42) (1235.4 %)
Q1 2017 0.45 (57.7 %) (2.04) 28.8 % (3.08) 26.8 %
Q2 2017 0.40 (85.0 %) (2.04) (30.5 %) (2.89) (11.8 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2008 (2.48) 18.9 % (0.13) - (2.48) (0.13)
Q2 2008 (0.89) (966.3 %) (0.05) - (0.89) (0.05)
Q3 2008 (0.43) (119.9 %) (0.02) - (0.43) (0.02)
Q4 2008 (8.65) (344.8 %) (0.44) - (8.65) (0.44)
Q1 2009 (0.80) 67.9 % (0.04) - (0.80) (0.04)
Q2 2009 (0.10) 88.2 % (0.01) - (0.10) (0.01)
Q3 2009 (1.97) (359.0 %) (0.10) - (1.97) (0.10)
Q4 2009 (1.94) 77.6 % (0.10) - (1.94) (0.10)
Q1 2010 (3.02) (279.6 %) (0.15) - (3.02) (0.15)
Q2 2010 (0.27) (163.5 %) (0.01) - (0.27) (0.01)
Q3 2010 0.31 115.5 % 0.02 - 0.31 0.02
Q4 2010 (2.10) (8.3 %) (0.11) - (2.10) (0.11)
Q1 2011 0.27 109.0 % 0.01 - 0.27 0.01
Q2 2011 (1.07) (291.6 %) (0.05) - (1.07) (0.05)
Q3 2011 (2.46) (906.6 %) (0.13) - (2.46) (0.13)
Q4 2011 (5.95) (182.8 %) (0.30) - (5.95) (0.30)
Q1 2012 2.59 848.4 % 0.13 - 2.59 0.13
Q2 2012 (2.39) (122.7 %) (0.12) - (2.39) (0.12)
Q3 2012 (1.85) 24.6 % (0.09) - (1.85) (0.09)
Q4 2012 (1.71) 71.2 % (0.09) 5.29 (7.00) (0.36)
Q1 2013 (1.76) (168.0 %) (0.09) - (1.76) (0.09)
Q2 2013 (1.35) 43.5 % (0.07) (0.07) (1.28) (0.07)
Q3 2013 (1.52) 18.2 % (0.08) - (1.52) (0.08)
Q4 2013 (0.94) 44.9 % (0.05) (0.69) (0.26) (0.01)
Q1 2014 (1.53) 12.9 % (0.08) - (1.53) (0.08)
Q2 2014 (0.96) 29.2 % (0.05) - (0.96) (0.05)
Q3 2014 (0.20) 87.1 % (0.01) 0.19 (0.39) (0.02)
Q4 2014 0.22 122.8 % 0.01 0.53 (0.31) (0.02)
Q1 2015 0.67 144.0 % 0.03 0.56 0.11 0.01
Q2 2015 7.00 832.3 % 0.36 6.32 0.69 0.03
Q3 2015 0.56 386.7 % 0.03 - 0.56 0.03
Q4 2015 0.77 258.6 % 0.04 0.17 0.60 0.03
Q1 2016 (4.08) (704.9 %) (0.21) - (4.08) (0.21)
Q2 2016 (1.99) (128.4 %) (0.10) - (1.99) (0.10)
Q3 2016 (5.70) (1113.9 %) (0.29) (3.98) (1.72) (0.09)
Q4 2016 (5.70) (839.0 %) (0.29) - (5.70) (0.29)
Q1 2017 (3.60) 11.7 % (0.18) - (3.60) (0.18)
Q2 2017 (3.87) (94.8 %) (0.20) - (3.87) (0.20)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2008 17.26 % 42.08 % 5.34 %
Q2 2008 19.65 % 27.78 % 3.94 %
Q3 2008 15.79 % 27.39 % (0.42 %)
Q4 2008 (4.50 %) 40.90 % (24.25 %)
Q1 2009 (1.35 %) 51.07 % (22.98 %)
Q2 2009 (4.40 %) 53.86 % (22.06 %)
Q3 2009 (10.75 %) 53.10 % (29.97 %)
Q4 2009 4.82 % 20.29 % (14.92 %)
Q1 2010 (2.46 %) 15.69 % (22.05 %)
Q2 2010 (4.97 %) 12.26 % (22.11 %)
Q3 2010 0.90 % 17.50 % (15.08 %)
Q4 2010 0.02 % 18.31 % (14.38 %)
Q1 2011 6.66 % 23.05 % (5.02 %)
Q2 2011 4.63 % 23.66 % (7.18 %)
Q3 2011 (3.69 %) 15.39 % (16.24 %)
Q4 2011 (9.23 %) 8.39 % (31.54 %)
Q1 2012 (21.01 %) (3.09 %) (24.67 %)
Q2 2012 (27.22 %) (12.99 %) (32.49 %)
Q3 2012 (25.11 %) (7.97 %) (29.76 %)
Q4 2012 (17.51 %) 3.30 % (42.11 %)
Q1 2013 (16.04 %) 8.30 % (72.32 %)
Q2 2013 (13.22 %) 10.41 % (76.86 %)
Q3 2013 (8.07 %) 19.66 % (79.13 %)
Q4 2013 (15.19 %) 8.06 % (27.29 %)
Q1 2014 (6.86 %) 13.52 % (27.51 %)
Q2 2014 (9.26 %) 16.90 % (26.28 %)
Q3 2014 (6.69 %) 6.58 % (19.15 %)
Q4 2014 4.29 % 19.21 % (16.44 %)
Q1 2015 13.19 % 24.91 % (7.55 %)
Q2 2015 26.01 % 31.22 % 0.41 %
Q3 2015 32.23 % 39.77 % 4.28 %
Q4 2015 36.11 % 43.07 % 8.40 %
Q1 2016 20.69 % 28.17 % (11.77 %)
Q2 2016 (2.16 %) 7.03 % (31.44 %)
Q3 2016 (35.43 %) (10.38 %) (61.16 %)
Q4 2016 (169.28 %) (186.32 %) (206.23 %)
Q1 2017 (172.90 %) (192.99 %) (219.53 %)
Q2 2017 (294.61 %) (325.48 %) (409.15 %)