Arabian cement posts higher net profit at SAR 366.9mln in I2 of 2014

30/06/2014 Argaam Exclusive

 

Arabian Cement Company, the first cement company in Saudi Arabia, reported SAR 366.9m net profit at the end of the first half of 2014, a 30% increase compared to the same period last year.



Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 725.72 903.02 24.4 %
Gross Income 313.85 405.17 29.1 %
Operating Income 292.33 378.99 29.6 %
Net Income 281.91 366.94 30.2 %
Average Shares 100.00 100.00 -
EPS (Riyals) 2.82 3.67 30.2 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 373.42 480.55 28.7 %
Gross Income 144.75 227.74 57.3 %
Operating Income 133.89 212.95 59.0 %
Net Income 124.65 199.80 60.3 %
Average Shares 100.00 100.00 -
EPS (Riyals) 1.25 2.00 60.3 %

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Share Price

Arabian Cement Co.
35.90
0.25 0.70 %

Arabian Cement Co. (ACC)

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Financial Ratios
Current
Market Cap (M Riyal) 3,590.00
Enterprise Value (EV) (M) 3,730.72
Shares Outstanding ((M)) 100.00
EPS ( Riyal) (TTM) 1.42
Book Value (BV) ( Riyal) 25.42
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.29
P/E (TTM) 25.29
Price/book 1.41
Return on Average Assets (%) (TTM) 4.4
Return on Average Equity (%) (TTM) 5.5
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Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2005 163.44 21.9 % 78.01 33.4 % 69.14 14.9 % 0.74
Q2 2005 179.25 20.0 % 98.20 38.8 % 96.72 (26.6 %) 1.03
Q3 2005 177.01 9.8 % 95.07 19.3 % 86.14 24.8 % 0.92
Q4 2005 167.53 24.8 % 77.27 41.1 % 78.85 74.0 % 0.84
Q1 2006 182.24 11.5 % 97.27 24.7 % 89.53 29.5 % 0.96
Q2 2006 199.23 11.2 % 105.78 7.7 % 102.67 6.2 % 1.10
Q3 2006 183.29 3.5 % 88.13 (7.3 %) 82.23 (4.5 %) 0.88
Q4 2006 183.08 9.3 % 81.47 5.4 % 59.14 (25.0 %) 0.63
Q1 2007 183.08 0.5 % 97.31 0.0 % 93.23 4.1 % 1.00
Q2 2007 191.37 (3.9 %) 108.68 2.7 % 102.26 (0.4 %) 1.09
Q3 2007 183.40 0.1 % 115.18 30.7 % 110.66 34.6 % 1.18
Q4 2007 163.73 (10.6 %) 90.56 11.1 % 86.02 45.4 % 0.92
Q1 2008 209.44 14.4 % 121.73 25.1 % 115.26 23.6 % 1.15
Q2 2008 189.13 (1.2 %) 112.28 3.3 % 90.38 (11.6 %) 0.90
Q3 2008 174.15 (5.0 %) 77.59 (32.6 %) 71.77 (35.1 %) 0.72
Q4 2008 148.59 (9.2 %) 67.74 (25.2 %) 46.76 (45.6 %) 0.47
Q1 2009 203.86 (2.7 %) 115.31 (5.3 %) 103.78 (10.0 %) 1.04
Q2 2009 191.04 1.0 % 99.37 (11.5 %) 82.65 (8.6 %) 0.83
Q3 2009 162.84 (6.5 %) 88.09 13.5 % 72.82 1.5 % 0.73
Q4 2009 179.30 20.7 % 87.44 29.1 % (87.23) (286.5 %) (0.87)
Q1 2010 201.72 (1.0 %) 90.03 (21.9 %) 81.74 (21.2 %) 0.82
Q2 2010 194.43 1.8 % 95.19 (4.2 %) 81.17 (1.8 %) 0.81
Q3 2010 164.23 0.9 % 89.54 1.6 % 81.68 12.2 % 0.82
Q4 2010 184.21 2.7 % 44.17 (49.5 %) 10.85 112.4 % 0.11
Q1 2011 230.10 14.1 % 133.97 48.8 % 116.02 41.9 % 1.16
Q2 2011 302.99 55.8 % 139.30 46.3 % 111.75 37.7 % 1.12
Q3 2011 277.72 69.1 % 125.69 40.4 % 104.92 28.5 % 1.05
Q4 2011 267.76 45.4 % 104.89 137.5 % 70.35 548.4 % 0.70
Q1 2012 355.12 54.3 % 174.38 30.2 % 146.14 26.0 % 1.46
Q2 2012 369.30 21.9 % 173.23 24.4 % 71.93 (35.6 %) 0.72
Q3 2012 337.90 21.7 % 98.58 (21.6 %) 87.03 (17.1 %) 0.87
Q4 2012 308.32 15.1 % 91.15 (13.1 %) 82.33 17.0 % 0.82
Q1 2013 352.30 (0.8 %) 169.10 (3.0 %) 157.26 7.6 % 1.57
Q2 2013 373.42 1.1 % 144.75 (16.4 %) 124.65 73.3 % 1.25
Q3 2013 290.44 (14.0 %) 95.19 (3.4 %) 16.85 (80.6 %) 0.17
Q4 2013 348.97 13.2 % 133.24 46.2 % (106.67) (229.6 %) (1.07)
Q1 2014 422.47 19.9 % 177.44 4.9 % 167.14 6.3 % 1.67
Q2 2014 480.55 28.7 % 227.74 57.3 % 199.80 60.3 % 2.00

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2005 46.58 % 52.82 % 51.85 %
Q2 2005 48.69 % 53.46 % 43.92 %
Q3 2005 49.86 % 55.00 % 45.47 %
Q4 2005 50.72 % 56.96 % 48.14 %
Q1 2006 52.10 % 58.14 % 49.75 %
Q2 2006 51.70 % 58.73 % 49.20 %
Q3 2006 50.31 % 56.70 % 48.24 %
Q4 2006 49.83 % 54.15 % 44.61 %
Q1 2007 49.78 % 54.08 % 45.05 %
Q2 2007 50.70 % 53.99 % 45.47 %
Q3 2007 54.34 % 55.63 % 49.30 %
Q4 2007 57.06 % 58.66 % 54.35 %
Q1 2008 58.31 % 59.63 % 55.38 %
Q2 2008 58.97 % 58.99 % 53.95 %
Q3 2008 54.61 % 56.51 % 49.35 %
Q4 2008 52.59 % 53.83 % 44.94 %
Q1 2009 52.11 % 53.21 % 43.69 %
Q2 2009 50.17 % 54.59 % 42.49 %
Q3 2009 52.46 % 58.48 % 43.32 %
Q4 2009 52.94 % 61.16 % 41.11 %
Q1 2010 49.66 % 60.00 % 38.23 %
Q2 2010 48.86 % 59.78 % 37.86 %
Q3 2010 48.97 % 59.93 % 38.99 %
Q4 2010 42.83 % 53.17 % 35.98 %
Q1 2011 46.95 % 56.30 % 39.09 %
Q2 2011 46.17 % 55.86 % 37.75 %
Q3 2011 44.54 % 54.78 % 35.78 %
Q4 2011 46.72 % 57.34 % 37.51 %
Q1 2012 45.22 % 55.28 % 36.12 %
Q2 2012 45.53 % 53.52 % 37.93 %
Q3 2012 41.43 % 48.18 % 34.87 %
Q4 2012 39.20 % 48.50 % 34.60 %
Q1 2013 38.90 % 48.96 % 35.48 %
Q2 2013 36.71 % 48.19 % 33.95 %
Q3 2013 37.77 % 50.58 % 35.86 %
Q4 2013 39.72 % 49.70 % 36.49 %
Q1 2014 38.36 % 47.67 % 35.39 %
Q2 2014 41.08 % 49.41 % 36.86 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2005 93.63 3.37 3.37 14.69
Q2 2005 93.63 2.99 2.99 16.76
Q3 2005 93.63 3.18 3.18 16.46
Q4 2005 93.63 3.53 3.53 17.41
Q1 2006 93.63 3.75 3.75 16.99
Q2 2006 93.63 3.81 3.81 17.68
Q3 2006 93.63 3.77 3.77 17.36
Q4 2006 93.63 3.56 3.56 17.59
Q1 2007 93.63 3.60 3.60 16.58
Q2 2007 93.63 3.60 3.60 17.75
Q3 2007 93.63 3.90 3.90 18.46
Q4 2007 93.63 4.19 4.19 19.66
Q1 2008 100.00 4.14 4.14 21.76
Q2 2008 100.00 4.02 4.02 22.73
Q3 2008 100.00 3.63 3.63 22.43
Q4 2008 100.00 3.24 3.24 22.44
Q1 2009 100.00 3.13 3.13 22.11
Q2 2009 100.00 3.05 3.05 22.99
Q3 2009 100.00 3.06 3.06 23.04
Q4 2009 100.00 1.72 3.03 22.22
Q1 2010 100.00 1.50 2.81 23.12
Q2 2010 100.00 1.49 2.80 23.66
Q3 2010 100.00 1.57 2.88 24.45
Q4 2010 100.00 2.55 2.68 24.44
Q1 2011 100.00 2.90 3.02 25.59
Q2 2011 100.00 3.20 3.33 25.44
Q3 2011 100.00 3.44 3.56 26.42
Q4 2011 100.00 4.03 4.05 27.44
Q1 2012 100.00 4.33 4.35 29.03
Q2 2012 100.00 3.93 4.82 27.50
Q3 2012 100.00 3.75 4.64 28.35
Q4 2012 100.00 3.87 4.74 29.19
Q1 2013 100.00 3.99 4.85 30.77
Q2 2013 100.00 4.51 4.66 30.48
Q3 2013 100.00 3.81 4.75 29.71
Q4 2013 100.00 1.92 4.98 28.71
Q1 2014 100.00 2.02 5.08 30.36
Q2 2014 100.00 2.77 5.69 31.03