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×Saudi Ceramic swings to SAR 50 mln loss in Q1
Saudi Ceramic Co. turned to a net loss of SAR 49.9 million for Q1 2018, compared to a net profit of SAR 11.5 million a year earlier, on the back of lower sales value amid continued weak demand and slowdown in the building materials market.
In addition, lower selling prices due to dumping, the implementation of value-added tax (VAT) and higher labor costs, fees as well as financing charges also weighed on the profit.
When compared to Q4 2017, the ceramic producer cut net losses by 20.4 percent year-on-year, thanks to a decline in provisions for IFRS adoption in the previous quarter.
Current Quarter Comparison (M)
| Item | Q1 2017 | Q1 2018 | Change |
|---|---|---|---|
| Revenues | 315.35 | 256.48 | (18.7 %) |
| Gross Income | 81.02 | 22.39 | (72.4 %) |
| Operating Income | 16.13 | (37.80) | (334.3 %) |
| Net Income | 11.47 | (49.95) | (535.5 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.19 | (0.83) | (535.5 %) |
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Share Price
| Current | |
| Market Cap (M Riyal) | 2,640.00 |
| Shares Outstanding ((M)) | 60.00 |
| EPS ( Riyal) (TTM) | 1.09 |
| Book Value (BV) ( Riyal) | 23.77 |
| P/E (TTM) | 40.30 |
| Price/book | 1.85 |
| Return on Average Assets (%) (TTM) | 2.3 |
| Return on Average Equity (%) (TTM) | 4.7 |
| Enterprise Value (EV) (M Riyal) | 2,839.96 |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS (Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2018 | 256.48 | (18.7 %) | 22.39 | (72.4 %) | (49.95) | (535.5 %) | (0.83) |
Profitability
| Period | Gross Margin | Net Margin |
|---|---|---|
| Q1 2018 | 8.73 % | (19.47 %) |
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS | Adjusted EPS | Book Value (BV) |
|---|---|---|---|---|
| Q1 2018 | 60.00 | (2.64) | (2.64) | 26.32 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2018 | NEG | NEG | 0.75 |
Business Segments (Million)
Q1 2018
| Period | Ceramic tile and sanitary ware sector | Heaters sector | Pottery pipe sector |
|---|---|---|---|
| Q1 2018 | 186.25 | 70.23 | - |
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