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×Fawaz Alhokair's net profit slips 1% in 9M 2018
Fawaz Abdulaziz Alhokair Co.’s net profit after zakat and tax edged down 0.8 percent year-on-year (YoY) to SAR 285.7 million in the nine-month period ending on Dec. 31, 2018.
The retailer’s profit was slightly lower despite a decline in sales, thanks to cost cuts and solid inventory management.
Financials Highlights (M)
| Item | 9m-2017 | 9m -2018 | Change |
|---|---|---|---|
| Revenues | 4,923.00 | 4,353.00 | (11.6 %) |
| Gross Income | 1,169.20 | 1,049.90 | (10.2 %) |
| Operating Income | 454.50 | 465.10 | 2.3 % |
| Net Income | 287.90 | 285.70 | (0.8 %) |
| Average Shares | 210.00 | 210.00 | - |
| EPS (SAR) | 1.37 | 1.36 | (0.8 %) |
The third-quarter net profit after zakat and tax fell 45.5 percent YoY to SAR 26.5 million.
On a quarterly basis, Alhokair’s net profit more than doubled on higher gross income and a decline in direct costs.
Average Analysts Estimates
| 2018 - Q3 (e) | 2018 - Q3 (a) | Change | |
| Average | 4.00 | 26.50 | 562.5 % |
Estimates vs Actual Results
| Company | 2018 - Q3 (e) | 2018 - Q3 (a) | Difference |
| NCB Capital | 26.00 | 26.50 | 1.9 % |
| Al Rajhi Capital | (18.00) | 26.50 | 167.9 % |
Financials Highlights (M)
Business Segments
Valuation Data (Latest Share Price)
| P/E (TTM) | 43.63 |
| P/E Before Unusual Items (TTM) | 43.63 |
| P/BV | 1.75 |
| Dividend Yield | - |
| Market Cap. (M) | 4,418.40 |
| Return on Average Assets | - |
| Return on Average Equity | 4.24 % |