Atheeb Telecom posts net loss at SAR 110.4m in I2 of 2013

30/06/2013 Argaam Exclusive

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Etihad Atheeb Telecom Co., fixed line provider, reported SAR 110.4m net loss at the end of the first half of 2013, compared to SAR 279.1m net loss in the same period last year, as shown in the following table:

Financials (M)

Item	6m 2012	6m 2013	Change‬
Revenues	136.41	113.08	(17.1 %)
Gross Income	23.73	20.43	(13.9 %)
Operating Income	(155.55)	(127.97)	17.7 %
Net Income	(158.33)	(112.22)	29.1 %
Average Shares	29.62	29.62	0.0 %
EPS (Riyals)	(5.34)	(3.79)	29.1 %

Current Quarter Comparison (M)

Compared With The

Item	Q2 2012	Q2 2013	Change‬
Revenues	67.84	54.99	(18.9 %)
Gross Income	12.71	10.47	(17.6 %)
Operating Income	(78.19)	(60.12)	23.1 %
Net Income	(78.91)	(43.25)	45.2 %
Average Shares	29.62	29.62	0.0 %
EPS (Riyals)	(2.66)	(1.46)	45.2 %

Item	Q1 2013	Q2 2013	Change‬
Revenues	58.09	54.99	(5.3 %)
Gross Income	9.96	10.47	5.1 %
Operating Income	(67.85)	(60.12)	11.4 %
Net Income	(68.97)	(43.25)	37.3 %
Average Shares	29.62	29.62	-
EPS (Riyals)	(2.33)	(1.46)	37.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2004	-	-	-	-	-	-	-
Q2 2004	-	-	-	-	-	-	-
Q3 2004	-	-	-	-	-	-	-
Q4 2004	-	-	-	-	-	-	-
2004	-	-	-	-	-	-	-
Q1 2005	-	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-	-
2005	-	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
Q1 2009	-	-	-	-	(33.80)	-	(5.47)
Q2 2009	-	-	-	-	(47.60)	-	(7.70)
Q3 2009	-	-	(2.10)	-	(66.85)	-	(10.81)
Q4 2009	35.44	-	(47.41)	-	(230.80)	-	(37.32)
2009	35.44	-	(49.51)	-	(379.04)	-	(61.30)
Q1 2010	42.23	-	(38.63)	-	(160.81)	(375.8 %)	(26.00)
Q2 2010	46.81	-	(35.29)	-	(146.35)	(207.5 %)	(23.67)
Q3 2010	48.15	-	(33.09)	(1,475.9 %)	(145.88)	(118.2 %)	(23.59)
Q4 2010	49.38	39.3 %	(16.21)	65.8 %	(122.10)	47.1 %	(19.75)
2010	186.57	426.4 %	(123.22)	(148.9 %)	(575.13)	(51.7 %)	(93.01)
Q1 2011	60.27	42.7 %	0.32	100.8 %	(98.81)	38.6 %	(15.98)
Q2 2011	58.39	24.7 %	3.62	110.3 %	(85.39)	41.7 %	(13.81)
Q3 2011	61.32	27.4 %	12.59	138.1 %	205.96	241.2 %	33.31
Q4 2011	66.92	35.5 %	19.69	221.4 %	(68.23)	44.1 %	(11.03)
2011	246.90	32.3 %	36.23	129.4 %	(46.47)	91.9 %	(7.51)
Q1 2012	68.58	13.8 %	11.02	3321.4 %	(79.42)	19.6 %	(2.68)
Q2 2012	67.84	16.2 %	12.71	250.9 %	(78.91)	7.6 %	(2.66)
Q3 2012	69.65	13.6 %	12.68	0.7 %	(84.41)	(141.0 %)	(2.85)
Q4 2012	60.43	(9.7 %)	13.41	(31.9 %)	(36.35)	46.7 %	(1.23)
2012	266.48	7.9 %	49.82	37.5 %	(279.08)	(500.6 %)	(9.42)
Q1 2013	58.09	(15.3 %)	9.96	(9.6 %)	(68.97)	13.2 %	(2.33)
Q2 2013	54.99	(18.9 %)	10.47	(17.6 %)	(43.25)	45.2 %	(1.46)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2003	-	-	-	-	-	-	-
2004	-	-	-	-	-	-	-
2005	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
2008	-	-	-	-	-	-	-
2009	35.44	-	(49.51)	-	(379.04)	-	(61.30)
2010	186.57	426.4 %	(123.22)	(148.9 %)	(575.13)	(51.7 %)	(93.01)
2011	246.90	32.3 %	36.23	129.4 %	(46.47)	91.9 %	(7.51)
2012	266.48	7.9 %	49.82	37.5 %	(279.08)	(500.6 %)	(9.42)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2004	-	-	-
Q2 2004	-	-	-
Q3 2004	-	-	-
Q4 2004	-	-	-
2004	-	-	-
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	(139.70 %)	(872.62 %)	(1069.43 %)
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	(89.45 %)	(255.37 %)	(396.11 %)
Q4 2010	(66.05 %)	(172.87 %)	(308.27 %)
2010	(66.05 %)	(172.87 %)	(308.27 %)
Q1 2011	(41.19 %)	(123.81 %)	(250.80 %)
Q2 2011	(20.98 %)	(88.36 %)	(209.16 %)
Q3 2011	0.14 %	(58.26 %)	(169.25 %)
Q4 2011	14.67 %	(37.34 %)	(135.41 %)
2011	14.67 %	(37.34 %)	(135.41 %)
Q1 2012	18.38 %	(31.27 %)	(123.40 %)
Q2 2012	21.16 %	(30.03 %)	(116.55 %)
Q3 2012	20.55 %	(29.94 %)	(113.92 %)
Q4 2012	18.69 %	(31.24 %)	(104.73 %)
2012	18.69 %	(31.24 %)	(104.73 %)
Q1 2013	19.05 %	(31.39 %)	(104.93 %)
Q2 2013	19.13 %	(28.40 %)	(103.43 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2003	-	-	-
2004	-	-	-
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	(139.70 %)	(872.62 %)	(1069.43 %)
2010	(66.05 %)	(172.87 %)	(308.27 %)
2011	14.67 %	(37.34 %)	(135.41 %)
2012	18.69 %	(31.24 %)	(104.73 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2004	-	-	-
Q2 2004	-	-	-
Q3 2004	-	-	-
Q4 2004	-	-	-
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	(133.78 %)	(494.23 %)	(651.18 %)
Q1 2010	(91.46 %)	(242.17 %)	(380.75 %)
Q2 2010	(75.38 %)	(178.74 %)	(312.65 %)
Q3 2010	(68.73 %)	(165.61 %)	(302.97 %)
Q4 2010	(32.83 %)	(115.09 %)	(247.29 %)
Q1 2011	0.53 %	(54.90 %)	(163.95 %)
Q2 2011	6.20 %	(36.59 %)	(146.23 %)
Q3 2011	20.54 %	(36.43 %)	(133.56 %)
Q4 2011	29.42 %	(23.00 %)	(101.96 %)
Q1 2012	16.07 %	(30.20 %)	(115.81 %)
Q2 2012	18.74 %	(31.01 %)	(116.32 %)
Q3 2012	18.21 %	(35.32 %)	(121.20 %)
Q4 2012	22.20 %	(28.00 %)	(60.15 %)
Q1 2013	17.14 %	(30.65 %)	(118.72 %)
Q2 2013	19.04 %	(17.71 %)	(112.35 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2004	-	-	-	-
Q2 2004	-	-	-	-
Q3 2004	-	-	-	-
Q4 2004	-	-	-	-
Q1 2005	-	-	-	-
Q2 2005	-	-	-	-
Q3 2005	-	-	-	-
Q4 2005	-	-	-	-
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	6.18	-	-	146.90
Q2 2009	6.18	-	-	139.20
Q3 2009	6.18	-	-	128.39
Q4 2009	6.18	(61.30)	(61.30)	100.43
Q1 2010	6.18	(81.84)	(81.84)	74.42
Q2 2010	6.18	(97.80)	(97.80)	50.75
Q3 2010	6.18	(110.59)	(110.59)	27.16
Q4 2010	6.18	(93.01)	(93.01)	7.41
Q1 2011	6.18	(82.98)	(82.98)	(8.57)
Q2 2011	6.18	(73.12)	(73.12)	(22.38)
Q3 2011	6.18	(16.23)	(62.78)	10.93
Q4 2011	6.18	(7.51)	(54.06)	(0.10)
Q1 2012	29.62	(0.91)	(10.63)	36.96
Q2 2012	29.62	(0.70)	(10.41)	34.30
Q3 2012	29.62	(10.50)	(10.50)	31.45
Q4 2012	29.62	(9.42)	(9.42)	31.60
Q1 2013	29.62	(9.07)	(9.07)	29.27
Q2 2013	29.62	(7.86)	(8.49)	27.81

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2003	-	-	-	-
2004	-	-	-	-
2005	-	-	-	-
2006	-	-	-	-
2007	-	-	-	-
2008	-	-	-	-
2009	6.18	(61.30)	(61.30)	100.43
2010	6.18	(93.01)	(93.01)	7.41
2011	6.18	(7.51)	(54.06)	(0.10)
2012	29.62	(9.42)	(9.42)	31.60

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2004	-	-	-
Q2 2004	-	-	-
Q3 2004	-	-	-
Q4 2004	-	-	-
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	4.50
Q2 2009	-	-	5.79
Q3 2009	-	-	6.53
Q4 2009	NEG	NEG	7.49
Q1 2010	NEG	NEG	10.86
Q2 2010	NEG	NEG	13.68
Q3 2010	NEG	NEG	25.91
Q4 2010	NEG	NEG	95.88
Q1 2011	NEG	NEG	(36.99)
Q2 2011	NEG	NEG	(16.14)
Q3 2011	NEG	NEG	33.03
Q4 2011	NEG	NEG	(3511.00)
Q1 2012	NEG	NEG	3.58
Q2 2012	NEG	NEG	2.50
Q3 2012	NEG	NEG	2.60
Q4 2012	NEG	NEG	2.46
Q1 2013	NEG	NEG	2.59
Q2 2013	NEG	NEG	3.43

Period	P/E	Adjusted P/E	Price/book
2003	-	-	-
2004	-	-	-
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	NEG	NEG	7.49
2010	NEG	NEG	95.88
2011	NEG	NEG	(3511.00)
2012	NEG	NEG	2.46

Business Segments (Million)

Compared With The

Period	Data sector	Voice services

Financial Ratios

	Current
Market Cap (M Riyal)	3,021.71
Enterprise Value (EV) (M)	2,877.23
Shares Outstanding ((M))	33.99
EPS ( Riyal) (TTM)	6.43
Book Value (BV) ( Riyal)	18.46
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	21.74
P/E (TTM)	15.52
Price/book	5.41
Return on Average Assets (%) (TTM)	20.2
Return on Average Equity (%) (TTM)	57.7

Etihad Atheeb Telecommunication Company (ATHEEB TELECOM)

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Atheeb Telecom posts net loss at SAR 110.4m in I2 of 2013

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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) 2013 Q2

Financial Ratios

Share Price

Etihad Atheeb Telecommunication Company (ATHEEB TELECOM)

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Atheeb Telecom posts net loss at SAR 110.4m in I2 of 2013

View other reports

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) 2013

Revenue by Business Segment (Latest) 2013 Q2

Financial Ratios

Share Price

Etihad Atheeb Telecommunication Company (ATHEEB TELECOM)

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Business Segments (Million)