Jabal Omar Development turns to profit in FY18

17/02/2019 Argaam Exclusive

Jabal Omar Development Co. reported a net profit after zakat and tax of SAR 193.78 million for fiscal year 2018, versus net losses of SAR 600.96 million in year-earlier period, due to a 245 percent hike in revenue on higher sales of residential units. The company also cited higher revenue from hotels and shopping malls.



Financials (M)

Item 2017 2018 Change‬
Revenues 568.83 1,962.64 245.0 %
Gross Income 11.11 797.84 7081.3 %
Operating Income (199.09) 535.36 368.9 %
Net Income (600.98) 193.78 132.2 %
Average Shares 929.40 929.40 -
EPS (Riyals) (0.65) 0.21 132.2 %

Cost of revenue retreated to 59 percent from 98 percent on sales of residential units. Additionally, operating costs dropped by 108 percent. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2017 Q4 2018 Change‬

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Share Price

Jabal Omar Development Co.
21.38
0.22 1.04 %

Jabal Omar Development Co. (JABAL OMAR)

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Financial Ratios
Current
Market Cap (M Riyal) 25,228.87
Enterprise Value (EV) (M) 37,075.24
Shares Outstanding ((M)) 1,180.02
EPS ( Riyal) (TTM) (0.30)
Book Value (BV) ( Riyal) 10.89
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 2.01
Return on Average Assets (%) (TTM) (1.27 )
Return on Average Equity (%) (TTM) (2.76 )
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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2009 - - - - (6.64) 91.9 %
Q2 2009 - - - - (5.80) 4.9 %
Q3 2009 - - - - (9.86) (290.1 %)
Q4 2009 - - - - (5.66) 18.6 %
Q1 2010 - - - - (8.91) (34.2 %)
Q2 2010 - - - - (7.60) (31.0 %)
Q3 2010 - - - - (9.40) 4.6 %
Q4 2010 - - - - (11.37) (101.1 %)
Q1 2011 - - - - (7.36) 17.4 %
Q2 2011 - - - - (10.38) (36.6 %)
Q3 2011 - - - - (9.80) (4.3 %)
Q4 2011 - - - - (9.91) 12.9 %
Q1 2012 - - - - (14.30) (94.3 %)
Q2 2012 - - - - (18.73) (80.5 %)
Q3 2012 - - - - (13.32) (35.9 %)
Q4 2012 - - - - (13.23) (33.6 %)
Q1 2013 12.70 - 3.47 - (10.70) 25.2 %
Q2 2013 16.18 - 5.34 - (9.66) 48.4 %
Q3 2013 22.79 - 10.81 - (7.39) 44.5 %
Q4 2013 (6.07) - (10.14) - (61.24) (362.9 %)
Q1 2014 23.86 88.0 % 9.79 182.0 % (5.08) 52.5 %
Q2 2014 26.57 64.3 % 12.72 138.3 % (2.67) 72.4 %
Q3 2014 26.79 17.6 % 14.73 36.2 % (4.41) 40.4 %
Q4 2014 653.94 10878.7 % 488.24 4914.0 % 449.33 833.7 %
Q1 2015 239.16 902.2 % 169.39 1630.4 % 152.63 3102.7 %
Q2 2015 234.95 784.2 % 140.58 1004.9 % 80.66 3122.1 %
Q3 2015 192.52 618.6 % 98.28 567.3 % 72.20 1738.0 %
Q4 2015 112.81 (82.7 %) 26.20 (94.6 %) (94.87) (121.1 %)
Q1 2016 104.51 (56.3 %) 8.45 (95.0 %) (21.42) (114.0 %)
Q2 2016 166.43 (29.2 %) 5.92 (95.8 %) (35.27) (143.7 %)
Q3 2016 270.58 40.5 % 139.38 41.8 % 107.75 49.2 %
Q4 2016 - - (38.98) (248.8 %) (43.34) 54.3 %
Q1 2017 323.12 209.2 % 157.91 1769.0 % 113.49 629.9 %
Q2 2017 200.19 20.3 % 63.53 974.0 % 11.57 132.8 %
Q3 2017 45.52 (83.2 %) (210.33) (250.9 %) (315.26) (392.6 %)
Q4 2017 - - - - - -
Q1 2018 142.13 (56.0 %) 29.30 (81.4 %) (30.19) (126.6 %)
Q2 2018 250.25 25.0 % 49.49 (22.1 %) (15.70) (235.7 %)
Q3 2018 1,322.66 2805.7 % 673.04 420.0 % 593.96 288.4 %
Q4 2018 247.61 - 46.01 - (12.71) -
2018 1,962.64 245.0 % 797.84 7081.3 % 535.36 368.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2009 (4.10) 89.4 % (0.01) - (4.10) (0.01)
Q2 2009 (18.24) (417.0 %) (0.02) - (18.24) (0.02)
Q3 2009 (9.64) (222.1 %) (0.01) - (9.64) (0.01)
Q4 2009 (1.46) 92.0 % 0.00 - (1.46) 0.00
Q1 2010 (8.91) (117.5 %) (0.01) - (8.91) (0.01)
Q2 2010 (7.60) 58.4 % (0.01) - (7.60) (0.01)
Q3 2010 (9.21) 4.5 % (0.01) - (9.21) (0.01)
Q4 2010 (11.31) (677.5 %) (0.01) - (11.31) (0.01)
Q1 2011 (7.36) 17.5 % (0.01) - (7.36) (0.01)
Q2 2011 (10.36) (36.4 %) (0.01) - (10.36) (0.01)
Q3 2011 (9.57) (3.9 %) (0.01) - (9.57) (0.01)
Q4 2011 (9.48) 16.2 % (0.01) - (9.48) (0.01)
Q1 2012 (13.06) (77.6 %) (0.01) - (13.06) (0.01)
Q2 2012 (16.93) (63.4 %) (0.02) - (16.93) (0.02)
Q3 2012 (11.78) (23.1 %) (0.01) - (11.78) (0.01)
Q4 2012 (9.62) (1.5 %) (0.01) - (9.62) (0.01)
Q1 2013 (5.26) 59.7 % (0.01) - (5.26) (0.01)
Q2 2013 (6.12) 63.8 % (0.01) - (6.12) (0.01)
Q3 2013 (3.37) 71.4 % 0.00 - (3.37) 0.00
Q4 2013 (57.50) (497.8 %) (0.06) - (57.50) (0.06)
Q1 2014 (2.53) 52.0 % 0.00 - (2.53) 0.00
Q2 2014 (0.47) 92.4 % 0.00 - (0.47) 0.00
Q3 2014 (1.63) 51.6 % 0.00 - (1.63) 0.00
Q4 2014 431.26 850.1 % 0.46 - 431.26 0.46
Q1 2015 145.16 5842.2 % 0.16 - 145.16 0.16
Q2 2015 65.05 14028.3 % 0.07 - 65.05 0.07
Q3 2015 8.67 630.8 % 0.01 - 8.67 0.01
Q4 2015 (126.95) (129.4 %) (0.14) - (126.95) (0.14)
Q1 2016 (75.51) (152.0 %) (0.08) - (75.51) (0.08)
Q2 2016 9.49 (85.4 %) 0.01 83.67 (74.18) (0.08)
Q3 2016 63.35 630.9 % 0.07 - 63.35 0.07
Q4 2016 (68.04) 46.4 % (0.07) - (68.04) (0.07)
Q1 2017 53.79 171.2 % 0.06 - 53.79 0.06
Q2 2017 (60.79) (740.3 %) (0.07) - (60.79) (0.07)
Q3 2017 (593.97) (1037.6 %) (0.64) - (593.97) (0.64)
Q4 2017 - - - - - -
Q1 2018 (129.30) (340.4 %) (0.14) - (129.30) (0.14)
Q2 2018 (148.02) (143.5 %) (0.16) - (148.02) (0.16)
Q3 2018 469.62 179.1 % 0.51 - 469.62 0.51
Q4 2018 1.48 - 0.00 - 1.48 0.00
2018 193.78 132.2 % 0.21 - 193.78 0.21

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 27.34 % (382.17 %) (343.38 %)
Q2 2013 30.52 % (117.18 %) (113.56 %)
Q3 2013 37.98 % (43.14 %) (47.18 %)
Q4 2013 20.79 % (141.50 %) (158.46 %)
Q1 2014 27.83 % (103.72 %) (122.47 %)
Q2 2014 34.52 % (77.14 %) (95.09 %)
Q3 2014 38.08 % (68.48 %) (87.30 %)
Q4 2014 71.87 % 64.33 % 58.35 %
Q1 2015 72.38 % 67.76 % 60.68 %
Q2 2015 70.39 % 64.34 % 55.40 %
Q3 2015 67.89 % 63.49 % 49.23 %
Q4 2015 55.74 % 37.45 % 11.79 %
Q1 2016 42.42 % 22.00 % (19.97 %)
Q2 2016 24.09 % 15.12 % (46.50 %)
Q3 2016 27.50 % 4.39 % (32.60 %)
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 40.65 % 42.48 % 9.87 %
2018 40.65 % 42.48 % 9.87 %