Saudi Cable's loss down 9% to SAR 141.7 m for the first nine months of 2014

30/09/2014 Argaam Exclusive

View other reports

Share Price

Saudi Cable Co. (SAUDI CABLE)

Saudi Cable Company, a manufacturer of high voltage cables, reported a net loss of SAR 141.7 m for the nine months ended September 30, 2014, compared to SAR 155.2m loss for the same period last year.

A net loss of SAR 50m was reported for Q3-2014 compared to SAR 50.6m for Q2.

Financials (M)

Item	9m 2013	9m 2014	Change‬
Revenues	1,885.66	1,287.76	(31.7 %)
Gross Income	110.68	15.86	(85.7 %)
Operating Income	(137.77)	(138.56)	(0.6 %)
Net Income	(155.20)	(141.74)	8.7 %
Average Shares	4.18	4.18	-
EPS (Riyals)	(37.13)	(33.91)	8.7 %

The company attributed the decline of the first nine months of 2014’s net loss, compared to the same period last year, to the lower sales volume and lower margins due to product mix, the decrease of provisions for doubtful debts and the increase of the fair value of financial instruments and other revenue as well as the decline of financial charges.

The increase of Q3-2014’s net loss compared to the same period last year was attributed to lower sales volume, lower margins due to product mix and lower equity share of profit from associates.

The decline of Q3-2014’s net loss compared to Q2-2014 was attributed to lower finance charges and high equity share of profit from associates.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2013	Q3 2014	Change‬
Revenues	617.36	394.66	(36.1 %)
Gross Income	46.05	(1.44)	(103.1 %)
Operating Income	(14.34)	(56.25)	(292.3 %)
Net Income	(8.04)	(50.05)	(522.6 %)
Average Shares	4.18	4.18	-
EPS (Riyals)	(1.92)	(11.97)	(522.6 %)

Item	Q2 2014	Q3 2014	Change‬
Revenues	434.54	394.66	(9.2 %)
Gross Income	0.95	(1.44)	(251.0 %)
Operating Income	(41.82)	(56.25)	(34.5 %)
Net Income	(50.57)	(50.05)	1.0 %
Average Shares	4.18	4.18	-
EPS (Riyals)	(12.10)	(11.97)	1.0 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2005	312.09	27.3 %	26.73	23.5 %	4.72	102.0 %	1.19
Q2 2005	274.60	21.2 %	34.17	17.6 %	5.09	257.2 %	1.28
Q3 2005	279.11	1.2 %	45.20	6.1 %	12.85	(9.0 %)	3.23
Q4 2005	319.15	16.8 %	42.29	25.1 %	(22.50)	(970.6 %)	(5.65)
2005	1,184.95	16.1 %	148.38	16.7 %	0.17	(99.2 %)	0.04
Q1 2006	346.28	11.0 %	37.62	40.7 %	0.67	(85.8 %)	0.17
Q2 2006	410.16	49.4 %	57.96	69.7 %	23.52	361.9 %	5.63
Q3 2006	431.44	54.6 %	68.26	51.0 %	26.45	105.8 %	6.33
Q4 2006	407.58	27.7 %	101.03	138.9 %	49.96	322.1 %	11.95
2006	1,595.46	34.6 %	264.87	78.5 %	100.61	58736.3 %	24.07
Q1 2007	663.84	91.7 %	121.23	222.3 %	68.70	10153.6 %	16.44
Q2 2007	815.78	98.9 %	139.15	140.1 %	70.15	198.2 %	16.78
Q3 2007	787.26	82.5 %	109.92	61.0 %	75.48	185.3 %	18.06
Q4 2007	876.46	115.0 %	194.62	92.6 %	68.46	37.0 %	16.38
2007	3,143.34	97.0 %	564.91	113.3 %	282.79	181.1 %	67.65
Q1 2008	760.18	14.5 %	157.39	29.8 %	84.14	22.5 %	20.13
Q2 2008	977.16	19.8 %	154.52	11.0 %	86.78	23.7 %	20.76
Q3 2008	1,005.19	27.7 %	170.54	55.2 %	92.26	22.2 %	22.07
Q4 2008	756.87	(13.6 %)	70.88	(63.6 %)	(51.13)	(174.7 %)	(12.23)
2008	3,499.39	11.3 %	553.32	(2.1 %)	212.05	(25.0 %)	50.73
Q1 2009	645.07	(15.1 %)	108.10	(31.3 %)	46.27	(45.0 %)	11.07
Q2 2009	646.97	(33.8 %)	96.86	(37.3 %)	47.20	(45.6 %)	11.29
Q3 2009	557.04	(44.6 %)	66.20	(61.2 %)	20.11	(78.2 %)	4.81
Q4 2009	609.36	(19.5 %)	39.64	(44.1 %)	(9.10)	82.2 %	(2.18)
2009	2,458.43	(29.7 %)	310.80	(43.8 %)	104.48	(50.7 %)	24.99
Q1 2010	492.81	(23.6 %)	29.15	(73.0 %)	1.07	(97.7 %)	0.26
Q2 2010	500.81	(22.6 %)	13.56	(86.0 %)	(26.50)	(156.1 %)	(6.34)
Q3 2010	368.66	(33.8 %)	(35.20)	(153.2 %)	(71.53)	(455.7 %)	(17.11)
Q4 2010	494.83	(18.8 %)	10.90	(72.5 %)	9.15	200.6 %	2.19
2010	1,857.11	(24.5 %)	18.41	(94.1 %)	(87.82)	(184.1 %)	(21.01)
Q1 2011	829.96	68.4 %	59.02	102.4 %	20.27	1801.1 %	4.85
Q2 2011	799.29	59.6 %	60.40	345.4 %	22.56	185.1 %	5.40
Q3 2011	744.74	102.0 %	22.85	164.9 %	(14.77)	79.3 %	(3.53)
Q4 2011	825.57	66.8 %	1.23	(88.7 %)	(22.95)	(350.8 %)	(5.49)
2011	3,199.57	72.3 %	143.51	679.4 %	5.11	105.8 %	1.22
Q1 2012	917.64	10.6 %	80.03	35.6 %	25.16	24.1 %	6.02
Q2 2012	860.71	7.7 %	77.74	28.7 %	20.18	(10.6 %)	4.83
Q3 2012	615.43	(17.4 %)	39.55	73.1 %	(13.68)	7.4 %	(3.27)
Q4 2012	294.06	(64.4 %)	(111.45)	(9183.0 %)	(188.07)	(719.5 %)	(44.99)
2012	2,687.85	(16.0 %)	85.88	(40.2 %)	(156.41)	(3163.8 %)	(37.42)
Q1 2013	669.34	(27.1 %)	49.07	(38.7 %)	(15.41)	(161.2 %)	(3.69)
Q2 2013	598.42	(30.5 %)	18.51	(76.2 %)	(131.75)	(753.0 %)	(31.52)
Q3 2013	617.36	0.3 %	46.05	16.4 %	(8.04)	41.2 %	(1.92)
Q4 2013	562.20	91.2 %	(3.75)	96.6 %	(73.92)	60.7 %	(17.68)
2013	2,447.86	(8.9 %)	70.38	(18.0 %)	(229.12)	(46.5 %)	(54.81)
Q1 2014	458.56	(31.5 %)	16.35	(66.7 %)	(41.13)	(166.9 %)	(9.84)
Q2 2014	434.54	(27.4 %)	0.95	(94.8 %)	(50.57)	61.6 %	(12.10)
Q3 2014	394.66	(36.1 %)	(1.44)	(103.1 %)	(50.05)	(522.6 %)	(11.97)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2004	1,020.60	74.0 %	127.12	267.1 %	20.47	122.8 %	5.14
2005	1,184.95	16.1 %	148.38	16.7 %	0.17	(99.2 %)	0.04
2006	1,595.46	34.6 %	264.87	78.5 %	100.61	58736.3 %	24.07
2007	3,143.34	97.0 %	564.91	113.3 %	282.79	181.1 %	67.65
2008	3,499.39	11.3 %	553.32	(2.1 %)	212.05	(25.0 %)	50.73
2009	2,458.43	(29.7 %)	310.80	(43.8 %)	104.48	(50.7 %)	24.99
2010	1,857.11	(24.5 %)	18.41	(94.1 %)	(87.82)	(184.1 %)	(21.01)
2011	3,199.57	72.3 %	143.51	679.4 %	5.11	105.8 %	1.22
2012	2,687.85	(16.0 %)	85.88	(40.2 %)	(156.41)	(3163.8 %)	(37.42)
2013	2,447.86	(8.9 %)	70.38	(18.0 %)	(229.12)	(46.5 %)	(54.81)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	12.16 %	6.68 %	2.10 %
Q2 2005	12.09 %	6.42 %	2.34 %
Q3 2005	12.28 %	6.24 %	2.22 %
Q4 2005	12.52 %	4.38 %	0.01 %
2005	12.52 %	4.38 %	0.01 %
Q1 2006	13.06 %	4.44 %	(0.32 %)
Q2 2006	13.51 %	5.47 %	1.07 %
Q3 2006	13.68 %	6.05 %	1.87 %
Q4 2006	16.60 %	10.30 %	6.31 %
2006	16.60 %	10.30 %	6.31 %
Q1 2007	18.22 %	12.28 %	8.82 %
Q2 2007	18.53 %	12.64 %	9.28 %
Q3 2007	17.62 %	12.44 %	9.88 %
Q4 2007	17.97 %	11.92 %	9.00 %
2007	17.97 %	11.92 %	9.00 %
Q1 2008	18.55 %	12.33 %	9.21 %
Q2 2008	18.12 %	12.31 %	9.26 %
Q3 2008	18.71 %	12.64 %	9.16 %
Q4 2008	15.81 %	10.10 %	6.06 %
2008	15.81 %	10.10 %	6.06 %
Q1 2009	14.89 %	9.54 %	5.15 %
Q2 2009	14.62 %	9.42 %	4.41 %
Q3 2009	13.13 %	8.00 %	2.40 %
Q4 2009	12.64 %	8.95 %	4.25 %
2009	12.64 %	8.95 %	4.25 %
Q1 2010	10.05 %	7.05 %	2.57 %
Q2 2010	6.88 %	3.91 %	(0.67 %)
Q3 2010	2.39 %	(0.52 %)	(5.38 %)
Q4 2010	0.99 %	(3.30 %)	(4.73 %)
2010	0.99 %	(3.30 %)	(4.73 %)
Q1 2011	2.20 %	(1.83 %)	(3.13 %)
Q2 2011	3.82 %	(0.09 %)	(0.78 %)
Q3 2011	5.34 %	1.72 %	1.30 %
Q4 2011	4.49 %	1.80 %	0.16 %
2011	4.49 %	1.80 %	0.16 %
Q1 2012	5.00 %	2.04 %	0.30 %
Q2 2012	5.43 %	2.36 %	0.23 %
Q3 2012	6.17 %	2.85 %	0.27 %
Q4 2012	3.20 %	(1.27 %)	(5.82 %)
2012	3.20 %	(1.27 %)	(5.82 %)
Q1 2013	2.25 %	(2.58 %)	(8.07 %)
Q2 2013	(0.20 %)	(9.90 %)	(16.02 %)
Q3 2013	0.10 %	(9.84 %)	(15.75 %)
Q4 2013	4.49 %	(4.17 %)	(9.36 %)
2013	2.88 %	(4.17 %)	(9.36 %)
Q1 2014	3.45 %	(6.29 %)	(11.39 %)
Q2 2014	2.88 %	(3.14 %)	(8.38 %)
Q3 2014	0.65 %	(5.47 %)	(11.66 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2004	12.46 %	7.03 %	2.01 %
2005	12.52 %	4.38 %	0.01 %
2006	16.60 %	10.30 %	6.31 %
2007	17.97 %	11.92 %	9.00 %
2008	15.81 %	10.10 %	6.06 %
2009	12.64 %	8.95 %	4.25 %
2010	0.99 %	(3.30 %)	(4.73 %)
2011	4.49 %	1.80 %	0.16 %
2012	3.20 %	(1.27 %)	(5.82 %)
2013	2.88 %	(4.17 %)	(9.36 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	8.56 %	3.83 %	1.51 %
Q2 2005	12.44 %	5.85 %	1.85 %
Q3 2005	16.19 %	9.78 %	4.61 %
Q4 2005	13.25 %	(1.07 %)	(7.05 %)
Q1 2006	10.86 %	4.09 %	0.19 %
Q2 2006	14.13 %	8.80 %	5.74 %
Q3 2006	15.82 %	10.27 %	6.13 %
Q4 2006	24.79 %	17.12 %	12.26 %
Q1 2007	18.26 %	12.78 %	10.35 %
Q2 2007	17.06 %	11.56 %	8.60 %
Q3 2007	13.96 %	10.64 %	9.59 %
Q4 2007	22.20 %	12.77 %	7.81 %
Q1 2008	20.70 %	14.40 %	11.07 %
Q2 2008	15.81 %	11.60 %	8.88 %
Q3 2008	16.97 %	12.20 %	9.18 %
Q4 2008	9.36 %	1.05 %	(6.76 %)
Q1 2009	16.76 %	12.24 %	7.17 %
Q2 2009	14.97 %	12.07 %	7.30 %
Q3 2009	11.88 %	7.78 %	3.61 %
Q4 2009	6.50 %	3.24 %	(1.49 %)
Q1 2010	5.92 %	4.35 %	0.22 %
Q2 2010	2.71 %	(0.03 %)	(5.29 %)
Q3 2010	(9.55 %)	(13.92 %)	(19.40 %)
Q4 2010	2.20 %	(6.33 %)	1.85 %
Q1 2011	7.11 %	5.13 %	2.44 %
Q2 2011	7.56 %	4.73 %	2.82 %
Q3 2011	3.07 %	0.05 %	(1.98 %)
Q4 2011	0.15 %	(2.80 %)	(2.78 %)
Q1 2012	8.72 %	5.67 %	2.74 %
Q2 2012	9.03 %	5.77 %	2.34 %
Q3 2012	6.43 %	2.14 %	(2.22 %)
Q4 2012	(37.90 %)	(50.65 %)	(63.95 %)
Q1 2013	7.33 %	3.45 %	(2.30 %)
Q2 2013	3.09 %	(17.21 %)	(22.02 %)
Q3 2013	7.46 %	2.31 %	(1.30 %)
Q4 2013	(0.67 %)	(6.47 %)	(13.15 %)
Q1 2014	3.56 %	(3.39 %)	(8.97 %)
Q2 2014	0.22 %	(6.33 %)	(11.64 %)
Q3 2014	(0.37 %)	(5.51 %)	(12.68 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	3.98	5.74	5.74	131.86
Q2 2005	3.98	6.66	6.66	131.73
Q3 2005	3.98	6.35	6.35	138.88
Q4 2005	3.98	0.04	0.04	137.41
Q1 2006	3.98	(0.97)	(0.97)	150.39
Q2 2006	4.18	3.48	3.48	186.05
Q3 2006	4.18	6.73	6.73	187.58
Q4 2006	4.18	24.07	24.07	172.59
Q1 2007	4.18	40.34	40.34	210.99
Q2 2007	4.18	51.50	51.50	227.52
Q3 2007	4.18	63.23	63.23	246.94
Q4 2007	4.18	67.65	67.65	244.50
Q1 2008	4.18	71.35	71.35	273.31
Q2 2008	4.18	75.32	75.32	290.00
Q3 2008	4.18	79.34	79.34	283.05
Q4 2008	4.18	50.73	50.73	251.21
Q1 2009	4.18	41.67	41.67	262.68
Q2 2009	4.18	32.20	32.20	291.79
Q3 2009	4.18	14.94	14.94	304.80
Q4 2009	4.18	24.99	24.99	310.67
Q1 2010	4.18	14.18	14.18	306.61
Q2 2010	4.18	(3.45)	(3.45)	264.76
Q3 2010	4.18	(25.37)	(25.37)	275.01
Q4 2010	4.18	(21.01)	(21.01)	283.16
Q1 2011	4.18	(16.42)	(16.42)	280.97
Q2 2011	4.18	(4.68)	(4.68)	265.98
Q3 2011	4.18	8.90	8.90	229.61
Q4 2011	4.18	1.22	1.22	241.41
Q1 2012	4.18	2.39	2.39	257.47
Q2 2012	4.18	1.82	1.82	248.95
Q3 2012	4.18	2.08	2.08	272.18
Q4 2012	4.18	(37.42)	(37.42)	218.92
Q1 2013	4.18	(47.12)	(47.12)	198.95
Q2 2013	4.18	(83.47)	(83.47)	158.40
Q3 2013	4.18	(82.12)	(82.12)	177.55
Q4 2013	4.18	(54.81)	(54.81)	161.17
Q1 2014	4.18	(60.96)	(60.96)	138.77
Q2 2014	4.18	(41.54)	(41.54)	136.46
Q3 2014	4.18	(51.59)	(51.59)	121.79

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2004	3.98	5.14	5.14	131.73
2005	3.98	0.04	0.04	137.41
2006	4.18	24.07	24.07	172.59
2007	4.18	67.65	67.65	244.50
2008	4.18	50.73	50.73	251.21
2009	4.18	24.99	24.99	310.67
2010	4.18	(21.01)	(21.01)	283.16
2011	4.18	1.22	1.22	241.41
2012	4.18	(37.42)	(37.42)	218.92
2013	4.18	(54.81)	(54.81)	161.17

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	More than 100	More than 100	4.80
Q2 2005	More than 100	More than 100	8.86
Q3 2005	More than 100	More than 100	10.72
Q4 2005	More than 100	More than 100	14.92
Q1 2006	NEG	NEG	8.43
Q2 2006	More than 100	More than 100	6.59
Q3 2006	More than 100	More than 100	7.38
Q4 2006	40.96	40.96	5.71
Q1 2007	24.98	24.98	4.78
Q2 2007	18.86	18.86	4.27
Q3 2007	18.00	18.00	4.61
Q4 2007	24.43	24.43	6.76
Q1 2008	31.30	31.30	8.17
Q2 2008	31.57	31.57	8.20
Q3 2008	20.19	20.19	5.66
Q4 2008	15.15	15.15	3.06
Q1 2009	13.08	13.08	2.08
Q2 2009	25.12	25.12	2.77
Q3 2009	69.69	69.69	3.42
Q4 2009	28.43	28.43	2.29
Q1 2010	47.96	47.96	2.22
Q2 2010	NEG	NEG	1.85
Q3 2010	NEG	NEG	1.62
Q4 2010	NEG	NEG	1.43
Q1 2011	NEG	NEG	1.39
Q2 2011	NEG	NEG	1.56
Q3 2011	41.87	41.87	1.62
Q4 2011	More than 100	More than 100	1.68
Q1 2012	More than 100	More than 100	2.22
Q2 2012	More than 100	More than 100	1.72
Q3 2012	More than 100	More than 100	1.69
Q4 2012	NEG	NEG	1.77
Q1 2013	NEG	NEG	1.97
Q2 2013	NEG	NEG	2.42
Q3 2013	NEG	NEG	2.00
Q4 2013	NEG	NEG	2.27
Q1 2014	NEG	NEG	2.61
Q2 2014	NEG	NEG	2.61
Q3 2014	NEG	NEG	3.15

Period	P/E	Adjusted P/E	Price/book
2004	More than 100	More than 100	5.21
2005	More than 100	More than 100	14.92
2006	40.96	40.96	5.71
2007	24.43	24.43	6.76
2008	15.15	15.15	3.06
2009	28.43	28.43	2.29
2010	NEG	NEG	1.43
2011	More than 100	More than 100	1.68
2012	NEG	NEG	1.77
2013	NEG	NEG	2.27

Business Segments (Million)

Compared With The

Period	Sale of Goods	Contract Revenue
Q3 2012	595.12	20.32
Q4 2012	204.37	89.69
Q1 2013	576.06	93.28
Q2 2013	522.87	75.55
Q3 2013	487.52	130.39
Q4 2013	487.40	105.39
Q1 2014	393.31	65.25
Q2 2014	414.10	20.45
Q3 2014	348.65	46.01

Period	Sale of Goods	Contract Revenue
2012	2,458.18	-
2013	2,073.85	404.60

Financial Ratios

	Current
Market Cap (M Riyal)	483.05
Enterprise Value (EV) (M)	579.49
Shares Outstanding ((M))	6.67
EPS ( Riyal) (TTM)	(1.28)
Book Value (BV) ( Riyal)	(69.08)
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	(1.05)
Return on Average Assets (%) (TTM)	(1.21 )
Return on Average Equity (%) (TTM)	-

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Sign In

Search Result

Saudi Cable's loss down 9% to SAR 141.7 m for the first nine months of 2014

View other reports

Share Price

Saudi Cable Co. (SAUDI CABLE)

A net loss of SAR 50m was reported for Q3-2014 compared to SAR 50.6m for Q2.

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 Q3

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Sign In

×

Forgot password?

Saudi Cable's loss down 9% to SAR 141.7 m for the first nine months of 2014

View other reports

Share Price

Saudi Cable Co. (SAUDI CABLE)

A net loss of SAR 50m was reported for Q3-2014 compared to SAR 50.6m for Q2.

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) Q3 2014

Revenue by Business Segment (Latest) 2014 Q3

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Business Segments (Million)