SACO’s net profit rises 10% to SAR 88 mln in nine-months 2015
15/10/2015
Argaam Exclusive
AI Summary
Content Summary: 
Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
sources for complete details and to verify the accuracy of the information.
View other reports
Saudi Company for Hardware (SACO) reported a net profit of SAR 88.2 million for the first nine months of 2015; a 10.4 percent increase compared to the same period last year.
Financials (M)
| Item | 9m 2014 | 9m 2015 | Change |
|---|---|---|---|
| Revenues | 771.09 | 924.17 | 19.9 % |
| Gross Income | 186.28 | 191.30 | 2.7 % |
| Operating Income | 86.19 | 95.60 | 10.9 % |
| Net Income | 79.92 | 88.20 | 10.4 % |
| Average Shares | 36.00 | 36.00 | - |
| Earnings Per Share before unusual items (Riyals) | 2.22 | 2.45 | 10.4 % |
| EPS (Riyal) | 2.22 | 2.45 | 10.4 % |
The rise in net profit was attributed to higher sales, lower financing charges and a relative decline in operating expenses. The company’s Q3-2015 net profit stood at SAR 18.5 million, 11 percent higher compared to the same quarter last year.
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2014 | Q3 2015 | Change |
|---|---|---|---|
| Revenues | 248.61 | 265.36 | 6.7 % |
| Gross Income | 55.97 | 51.73 | (7.6 %) |
| Operating Income | 18.87 | 20.93 | 10.9 % |
| Net Income | 16.61 | 18.50 | 11.4 % |
| Average Shares | 36.00 | 36.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.46 | 0.51 | 11.4 % |
| EPS (Riyal) | 0.46 | 0.51 | 11.4 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2015 | 309.45 | 35.3 % | 66.55 | 20.0 % | 36.28 | 27.3 % |
| Q2 2015 | 349.36 | 18.9 % | 73.02 | (2.4 %) | 38.39 | (1.1 %) |
| Q3 2015 | 265.36 | 6.7 % | 51.73 | (7.6 %) | 20.93 | 10.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2015 | 33.83 | 32.0 % | 0.94 | - | 33.83 | 0.94 |
| Q2 2015 | 35.87 | (4.8 %) | 1.00 | - | 35.87 | 1.00 |
| Q3 2015 | 18.50 | 11.4 % | 0.51 | - | 18.50 | 0.51 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2014 | 23.35 % | 13.76 % | 11.16 % |
| Q2 2014 | 24.01 % | 14.60 % | 12.03 % |
| Q3 2014 | 24.57 % | 14.26 % | 11.35 % |
| Q4 2014 | 23.18 % | 13.32 % | 10.11 % |
| 2014 | 23.18 % | 13.32 % | 10.11 % |
| Q1 2015 | 22.53 % | 13.19 % | 10.12 % |
| Q2 2015 | 21.35 % | 12.71 % | 9.51 % |
| Q3 2015 | 20.72 % | 12.77 % | 9.53 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2015 | 36.00 | 3.28 | 3.28 | 11.45 |
| Q2 2015 | 36.00 | 3.23 | 3.23 | 12.45 |
| Q3 2015 | 36.00 | 3.29 | 3.28 | 12.96 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2015 | - | - | - |
| Q2 2015 | 27.52 | 27.59 | 7.15 |
| Q3 2015 | 20.09 | 20.14 | 5.09 |
Business Segments (Million)
Q3 2015
| Period | Retail sector | Wholesale |
|---|---|---|
| Q1 2015 | 305.27 | 4.18 |
| Q2 2015 | 345.35 | 4.01 |
| Q3 2015 | 261.48 | 3.89 |
| Current | |
| Market Cap (M Riyal) | 954.72 |
| Enterprise Value (EV) (M Riyal) | 926.48 |
| Shares Outstanding ((M)) | 36.00 |
| EPS ( Riyal) (TTM) | 1.47 |
| Book Value (BV) ( Riyal) | 10.43 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | 89.03 |
| P/E (TTM) | 18.03 |
| Price/book | 2.54 |
| Return on Average Assets (%) (TTM) | 4.5 |
| Return on Average Equity (%) (TTM) | 15.2 |
| EV/adj EBITDA | 7.65 |
| EV/Revenues | 0.88 |
Share Price
Saudi Company for Hardware (SACO)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.
Comments Analysis: