Saudi Exports posts SAR 160,000 (-90%) net profit in Q1-2015

16/04/2015 Argaam Exclusive

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Saudi Industrial Exports Company reported a net profit of SAR 160,000 for first quarter, 90 percent lower compared to the same period in 2014, in which the company posted SAR 1.7 million.

The drop was mainly attributed to lower sales of raw materials used in manufacturing fertilizers for the Asian market, lower exports to African markets, as well as lower profit margin from food products sold locally due to intense competition.

Compared to the previous quarter, the company reported an increase, attributed to higher profit margin of food products sold in local market and higher other revenue.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2014	Q1 2015	Change‬
Revenues	190.78	132.16	(30.7 %)
Gross Income	3.47	1.18	(66.1 %)
Operating Income	2.25	0.02	(98.9 %)
Net Income	1.71	0.16	(90.5 %)
Average Shares	13.44	13.44	-
EPS (Riyals)	0.13	0.01	(90.5 %)

Item	Q4 2014	Q1 2015	Change‬
Revenues	135.40	132.16	(2.4 %)
Gross Income	0.87	1.18	34.6 %
Operating Income	(0.17)	0.02	114.3 %
Net Income	(100.91)	0.16	100.2 %
Average Shares	13.44	13.44	-
EPS (Riyals)	(7.51)	0.01	100.2 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	39.95	(25.5 %)	1.19	(53.8 %)	11.02	118.8 %	0.82
Q2 2006	67.97	31.8 %	1.69	(28.0 %)	0.25	(98.5 %)	0.02
Q3 2006	50.20	(36.0 %)	1.04	(74.4 %)	0.38	(95.8 %)	0.03
Q4 2006	61.49	37.0 %	2.60	2.0 %	(112.09)	10.3 %	(8.34)
2006	219.61	(3.9 %)	6.53	(43.5 %)	(100.45)	(5.9 %)	(7.48)
Q1 2007	46.13	15.5 %	1.29	8.3 %	1.05	(90.5 %)	0.08
Q2 2007	20.17	(70.3 %)	(0.74)	(143.8 %)	(0.92)	(469.8 %)	(0.07)
Q3 2007	70.32	40.1 %	5.03	383.2 %	3.86	921.4 %	0.29
Q4 2007	83.16	35.2 %	4.95	90.3 %	(102.42)	8.6 %	(7.62)
2007	219.78	0.1 %	10.53	61.4 %	(98.43)	2.0 %	(7.33)
Q1 2008	207.26	349.3 %	5.33	313.2 %	3.13	198.6 %	0.23
Q2 2008	365.01	1709.6 %	13.10	1868.3 %	10.37	1230.9 %	0.77
Q3 2008	103.51	47.2 %	9.96	98.1 %	7.60	96.8 %	0.57
Q4 2008	33.31	(59.9 %)	1.47	(70.4 %)	(103.72)	(1.3 %)	(7.72)
2008	709.09	222.6 %	29.86	183.6 %	(82.63)	16.1 %	(6.15)
Q1 2009	23.75	(88.5 %)	0.24	(95.5 %)	(1.43)	(145.6 %)	(0.11)
Q2 2009	26.79	(92.7 %)	1.77	(86.5 %)	(0.40)	(103.8 %)	(0.03)
Q3 2009	23.86	(76.9 %)	0.89	(91.1 %)	(1.50)	(119.7 %)	(0.11)
Q4 2009	26.96	(19.1 %)	(0.07)	(104.8 %)	(101.55)	2.1 %	(7.56)
2009	101.36	(85.7 %)	2.83	(90.5 %)	(104.87)	(26.9 %)	(7.80)
Q1 2010	44.77	88.5 %	3.22	1242.1 %	1.03	172.2 %	0.08
Q2 2010	44.28	65.2 %	(0.52)	(129.2 %)	(2.87)	(626.6 %)	(0.21)
Q3 2010	21.24	(11.0 %)	0.65	(27.0 %)	1.23	182.1 %	0.09
Q4 2010	76.40	183.4 %	5.47	7798.6 %	(98.82)	2.7 %	(7.35)
2010	186.69	84.2 %	8.82	212.2 %	(99.45)	5.2 %	(7.40)
Q1 2011	88.59	97.9 %	7.19	123.1 %	5.46	429.6 %	0.41
Q2 2011	110.67	149.9 %	3.56	787.8 %	2.02	170.5 %	0.15
Q3 2011	99.95	370.6 %	1.52	134.7 %	1.62	32.4 %	0.12
Q4 2011	101.13	32.4 %	1.26	(76.9 %)	(102.96)	(4.2 %)	(7.66)
2011	400.32	114.4 %	13.53	53.4 %	(93.85)	5.6 %	(6.98)
Q1 2012	71.59	(19.2 %)	1.50	(79.1 %)	0.44	(91.9 %)	0.03
Q2 2012	71.98	(35.0 %)	1.77	(50.2 %)	0.51	(74.9 %)	0.04
Q3 2012	88.62	(11.3 %)	1.32	(13.7 %)	1.26	(22.6 %)	0.09
Q4 2012	105.17	4.0 %	2.33	84.6 %	(100.37)	2.5 %	(7.47)
2012	337.35	(15.7 %)	6.92	(48.8 %)	(99.73)	(6.3 %)	(7.42)
Q1 2013	85.71	19.7 %	3.99	165.4 %	2.66	498.0 %	0.20
Q2 2013	91.66	27.3 %	3.71	109.2 %	2.19	331.9 %	0.16
Q3 2013	55.06	(37.9 %)	2.52	91.5 %	1.29	2.9 %	0.10
Q4 2013	90.72	(13.7 %)	2.55	9.4 %	(100.65)	(0.3 %)	(7.49)
2013	323.15	(4.2 %)	12.76	84.4 %	(94.32)	5.4 %	(7.02)
Q1 2014	190.78	122.6 %	3.47	(12.9 %)	1.71	(35.6 %)	0.13
Q2 2014	127.19	38.8 %	1.66	(55.1 %)	0.52	(76.4 %)	0.04
Q3 2014	118.30	114.9 %	1.44	(42.7 %)	0.27	(78.8 %)	0.02
Q4 2014	135.40	49.2 %	0.87	(65.8 %)	(100.91)	(0.3 %)	(7.51)
2014	571.67	76.9 %	7.45	(41.6 %)	(98.79)	(4.7 %)	(7.35)
Q1 2015	132.16	(30.7 %)	1.18	(66.1 %)	0.16	(90.5 %)	0.01

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	228.50	(13.8 %)	11.55	86.2 %	(94.86)	4.3 %	(7.06)
2006	219.61	(3.9 %)	6.53	(43.5 %)	(100.45)	(5.9 %)	(7.48)
2007	219.78	0.1 %	10.53	61.4 %	(98.43)	2.0 %	(7.33)
2008	709.09	222.6 %	29.86	183.6 %	(82.63)	16.1 %	(6.15)
2009	101.36	(85.7 %)	2.83	(90.5 %)	(104.87)	(26.9 %)	(7.80)
2010	186.69	84.2 %	8.82	212.2 %	(99.45)	5.2 %	(7.40)
2011	400.32	114.4 %	13.53	53.4 %	(93.85)	5.6 %	(6.98)
2012	337.35	(15.7 %)	6.92	(48.8 %)	(99.73)	(6.3 %)	(7.42)
2013	323.15	(4.2 %)	12.76	84.4 %	(94.32)	5.4 %	(7.02)
2014	571.67	76.9 %	7.45	(41.6 %)	(98.79)	(4.7 %)	(7.35)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	4.73 %	2.42 %	5.63 %
Q2 2006	4.11 %	1.91 %	(1.64 %)
Q3 2006	3.19 %	0.60 %	(6.11 %)
Q4 2006	2.97 %	0.71 %	0.24 %
2006	2.97 %	0.71 %	0.23 %
Q1 2007	2.93 %	0.58 %	(4.19 %)
Q2 2007	2.36 %	(0.58 %)	(5.97 %)
Q3 2007	4.13 %	1.47 %	(3.60 %)
Q4 2007	4.79 %	2.04 %	1.15 %
2007	4.79 %	2.04 %	1.15 %
Q1 2008	3.83 %	2.12 %	1.21 %
Q2 2008	3.92 %	2.98 %	2.19 %
Q3 2008	4.39 %	3.45 %	2.59 %
Q4 2008	4.21 %	3.03 %	2.59 %
2008	4.21 %	3.03 %	2.59 %
Q1 2009	4.71 %	3.22 %	2.62 %
Q2 2009	7.17 %	3.08 %	1.61 %
Q3 2009	4.05 %	(2.74 %)	(5.64 %)
Q4 2009	2.79 %	(2.52 %)	(3.85 %)
2009	2.79 %	(2.52 %)	(3.85 %)
Q1 2010	4.75 %	0.07 %	(1.18 %)
Q2 2010	2.52 %	(1.83 %)	(2.80 %)
Q3 2010	2.39 %	(1.97 %)	(0.88 %)
Q4 2010	4.72 %	1.55 %	0.82 %
2010	4.72 %	1.54 %	0.81 %
Q1 2011	5.55 %	3.12 %	2.58 %
Q2 2011	5.68 %	4.03 %	3.65 %
Q3 2011	4.72 %	3.48 %	2.99 %
Q4 2011	3.38 %	2.19 %	1.78 %
2011	3.38 %	2.19 %	1.78 %
Q1 2012	2.05 %	0.89 %	0.55 %
Q2 2012	1.76 %	0.45 %	0.17 %
Q3 2012	1.76 %	0.38 %	0.06 %
Q4 2012	2.05 %	0.78 %	0.83 %
2012	2.05 %	0.78 %	0.36 %
Q1 2013	2.68 %	1.43 %	1.43 %
Q2 2013	3.05 %	1.85 %	1.80 %
Q3 2013	3.71 %	2.38 %	1.99 %
Q4 2013	3.95 %	2.37 %	2.00 %
2013	3.95 %	2.37 %	2.05 %
Q1 2014	2.86 %	1.63 %	1.29 %
Q2 2014	2.20 %	1.10 %	0.83 %
Q3 2014	1.73 %	0.77 %	0.53 %
Q4 2014	1.30 %	0.54 %	0.45 %
2014	1.30 %	0.54 %	0.38 %
Q1 2015	1.01 %	0.17 %	0.20 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	5.05 %	2.85 %	2.67 %
2006	2.97 %	0.71 %	0.23 %
2007	4.79 %	2.04 %	1.15 %
2008	4.21 %	3.03 %	2.59 %
2009	2.79 %	(2.52 %)	(3.85 %)
2010	4.72 %	1.54 %	0.81 %
2011	3.38 %	2.19 %	1.78 %
2012	2.05 %	0.78 %	0.36 %
2013	3.95 %	2.37 %	2.05 %
2014	1.30 %	0.54 %	0.38 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	2.98 %	0.34 %	27.59 %
Q2 2006	2.49 %	0.42 %	0.36 %
Q3 2006	2.07 %	(0.20 %)	0.75 %
Q4 2006	4.23 %	2.00 %	(18.10 %)
Q1 2007	2.80 %	(0.21 %)	2.27 %
Q2 2007	(3.67 %)	(10.25 %)	(4.55 %)
Q3 2007	7.15 %	5.46 %	5.49 %
Q4 2007	5.95 %	3.38 %	(1.75 %)
Q1 2008	2.57 %	1.68 %	1.51 %
Q2 2008	3.59 %	3.15 %	2.84 %
Q3 2008	9.63 %	8.10 %	7.34 %
Q4 2008	4.40 %	(5.60 %)	(8.29 %)
Q1 2009	1.01 %	(4.54 %)	(6.01 %)
Q2 2009	6.60 %	1.23 %	(1.47 %)
Q3 2009	3.73 %	(1.41 %)	(6.27 %)
Q4 2009	(0.26 %)	(5.45 %)	(2.18 %)
Q1 2010	7.19 %	3.48 %	2.30 %
Q2 2010	(1.17 %)	(5.21 %)	(6.48 %)
Q3 2010	3.06 %	(2.31 %)	5.78 %
Q4 2010	7.15 %	5.41 %	2.80 %
Q1 2011	8.11 %	6.60 %	6.16 %
Q2 2011	3.21 %	2.24 %	1.83 %
Q3 2011	1.52 %	0.63 %	1.62 %
Q4 2011	1.25 %	(0.18 %)	(1.97 %)
Q1 2012	2.10 %	0.69 %	0.62 %
Q2 2012	2.46 %	0.85 %	0.71 %
Q3 2012	1.48 %	0.39 %	1.42 %
Q4 2012	2.22 %	1.12 %	0.56 %
Q1 2013	4.65 %	3.39 %	3.10 %
Q2 2013	4.04 %	2.65 %	2.39 %
Q3 2013	4.57 %	2.75 %	2.35 %
Q4 2013	2.81 %	0.88 %	0.35 %
Q1 2014	1.82 %	1.18 %	0.90 %
Q2 2014	1.31 %	0.42 %	0.41 %
Q3 2014	1.22 %	0.38 %	0.23 %
Q4 2014	0.65 %	(0.12 %)	0.04 %
Q1 2015	0.89 %	0.03 %	0.12 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	13.44	(6.61)	0.90	9.90
Q2 2006	13.44	(7.80)	(0.28)	9.59
Q3 2006	13.44	(8.44)	(0.92)	9.16
Q4 2006	13.44	(7.48)	0.04	8.76
Q1 2007	13.44	(8.22)	(0.70)	8.53
Q2 2007	13.44	(8.30)	(0.79)	7.71
Q3 2007	13.44	(8.04)	(0.53)	8.04
Q4 2007	13.44	(7.33)	0.19	8.97
Q1 2008	13.44	(7.17)	0.34	8.69
Q2 2008	13.44	(6.33)	1.18	9.37
Q3 2008	13.44	(6.05)	1.46	9.79
Q4 2008	13.44	(6.15)	1.36	8.85
Q1 2009	13.44	(6.49)	1.03	7.81
Q2 2009	13.44	(7.29)	0.22	7.86
Q3 2009	13.44	(7.97)	(0.45)	7.86
Q4 2009	13.44	(7.80)	(0.29)	7.63
Q1 2010	13.44	(7.62)	(0.11)	7.82
Q2 2010	13.44	(7.81)	(0.29)	7.58
Q3 2010	13.44	(7.60)	(0.09)	7.71
Q4 2010	13.44	(7.40)	0.11	7.97
Q1 2011	13.44	(7.07)	0.44	8.47
Q2 2011	13.44	(6.71)	0.81	8.58
Q3 2011	13.44	(6.68)	0.84	8.65
Q4 2011	13.44	(6.98)	0.53	8.64
Q1 2012	13.44	(7.36)	0.16	8.88
Q2 2012	13.44	(7.47)	0.04	8.31
Q3 2012	13.44	(7.50)	0.02	8.39
Q4 2012	13.44	(7.31)	0.21	8.53
Q1 2013	13.44	(7.14)	0.37	8.62
Q2 2013	13.44	(7.02)	0.50	8.96
Q3 2013	13.44	(7.01)	0.50	9.23
Q4 2013	13.44	(7.03)	0.48	9.00
Q1 2014	13.44	(7.10)	0.41	9.24
Q2 2014	13.44	(7.23)	0.29	9.64
Q3 2014	13.44	(7.30)	0.21	9.89
Q4 2014	13.44	(7.32)	0.19	9.58
Q1 2015	13.44	(7.44)	0.08	9.53

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	13.44	(7.06)	0.45	9.71
2006	13.44	(7.48)	0.04	8.76
2007	13.44	(7.33)	0.19	8.97
2008	13.44	(6.15)	1.36	8.85
2009	13.44	(7.80)	(0.29)	7.63
2010	13.44	(7.40)	0.11	7.97
2011	13.44	(6.98)	0.53	8.64
2012	13.44	(7.42)	0.09	8.53
2013	13.44	(7.02)	0.49	9.00
2014	13.44	(7.35)	0.16	9.58

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	NEG	More than 100	14.47
Q2 2006	NEG	NEG	15.92
Q3 2006	NEG	NEG	14.97
Q4 2006	NEG	More than 100	5.40
Q1 2007	NEG	NEG	5.95
Q2 2007	NEG	NEG	10.22
Q3 2007	NEG	NEG	9.84
Q4 2007	NEG	More than 100	8.68
Q1 2008	NEG	More than 100	4.99
Q2 2008	NEG	38.33	4.84
Q3 2008	NEG	21.64	3.23
Q4 2008	NEG	19.56	3.01
Q1 2009	NEG	29.59	3.89
Q2 2009	NEG	More than 100	5.64
Q3 2009	NEG	NEG	5.56
Q4 2009	NEG	NEG	5.53
Q1 2010	NEG	NEG	4.94
Q2 2010	NEG	NEG	4.10
Q3 2010	NEG	NEG	3.77
Q4 2010	NEG	More than 100	3.60
Q1 2011	NEG	61.36	3.21
Q2 2011	NEG	40.32	3.79
Q3 2011	NEG	35.98	3.48
Q4 2011	NEG	84.61	5.18
Q1 2012	NEG	More than 100	5.51
Q2 2012	NEG	More than 100	6.51
Q3 2012	NEG	More than 100	8.38
Q4 2012	NEG	More than 100	10.16
Q1 2013	NEG	More than 100	13.59
Q2 2013	NEG	More than 100	6.03
Q3 2013	NEG	More than 100	5.78
Q4 2013	NEG	More than 100	5.93
Q1 2014	NEG	More than 100	7.43
Q2 2014	NEG	More than 100	7.49
Q3 2014	NEG	More than 100	8.11
Q4 2014	NEG	More than 100	4.65
Q1 2015	NEG	More than 100	6.01

Period	P/E	Adjusted P/E	Price/book
2005	NEG	More than 100	12.62
2006	NEG	More than 100	5.40
2007	NEG	More than 100	8.68
2008	NEG	19.56	3.01
2009	NEG	NEG	5.53
2010	NEG	More than 100	3.60
2011	NEG	84.61	5.18
2012	NEG	More than 100	10.16
2013	NEG	More than 100	5.93
2014	NEG	More than 100	4.65

Financial Ratios

	Current
Market Cap (M Riyal)	482.89
Enterprise Value (EV) (M)	357.49
Shares Outstanding ((M))	19.44
EPS ( Riyal) (TTM)	(0.69)
Book Value (BV) ( Riyal)	7.46
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.33
Return on Average Assets (%) (TTM)	(8.30 )
Return on Average Equity (%) (TTM)	(8.81 )

Saudi Industrial Export Co. (SIECO)

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Saudi Exports posts SAR 160,000 (-90%) net profit in Q1-2015

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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

Financial Ratios

Share Price

Saudi Industrial Export Co. (SIECO)

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Saudi Exports posts SAR 160,000 (-90%) net profit in Q1-2015

View other reports

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

Financial Ratios

Share Price

Saudi Industrial Export Co. (SIECO)

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