United Electronics Co. (eXtra), an electronics and home appliance retailer, swung to a net loss of SAR 32.6 million for the first half of 2016, compared to a net profit of SAR 27.9 million in the same period last year.
Losses were attributed to lower sales of most products, as well as higher selling and administrative expenses. The company’s strategy to grow its market share by aggressive promotions also weighed on results, along with the launch of three new stores and an allocation of SAR 9 million in provisions for commercial claims.
| Item | 6m 2015 | 6m 2016 | Change |
|---|---|---|---|
| Revenues | 1,751.21 | 1,624.18 | (7.3 %) |
| Gross Income | 272.62 | 242.84 | (10.9 %) |
| Operating Income | 30.57 | (32.55) | (206.5 %) |
| Net Income | 27.91 | (34.86) | (224.9 %) |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.35 | (0.44) | (224.9 %) |
eXtra’s second-quarter net profit rose by 2.7 percent YoY to SAR 12.2 million, backed by an increase in high-margin product sales, higher other income and lower Zakat provisions. This quarter, however, recorded better performance when compared to Q1, which saw a loss of SAR 44.8 million.
| Item | Q2 2015 | Q2 2016 | Change |
|---|---|---|---|
| Revenues | 879.50 | 881.27 | 0.2 % |
| Gross Income | 138.51 | 145.33 | 4.9 % |
| Operating Income | 13.12 | 12.16 | (7.3 %) |
| Net Income | 11.83 | 11.02 | (6.8 %) |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.15 | 0.14 | (6.8 %) |
| Item | Q1 2016 | Q2 2016 | Change |
|---|---|---|---|
| Revenues | 742.91 | 881.27 | 18.6 % |
| Gross Income | 97.51 | 145.33 | 49.0 % |
| Operating Income | (44.71) | 12.16 | 127.2 % |
| Net Income | (45.89) | 11.02 | 124.0 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | (0.57) | 0.14 | 124.0 % |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2007 | - | - | - | - | - | - | - |
| Q2 2007 | - | - | - | - | - | - | - |
| Q3 2007 | - | - | - | - | - | - | - |
| Q4 2007 | - | - | - | - | - | - | - |
| 2007 | 1,043.58 | - | 140.25 | - | 0.99 | - | 0.01 |
| Q1 2008 | - | - | - | - | - | - | - |
| Q2 2008 | - | - | - | - | - | - | - |
| Q3 2008 | - | - | - | - | - | - | - |
| Q4 2008 | - | - | - | - | - | - | - |
| 2008 | 1,262.14 | 20.9 % | 177.67 | 26.7 % | 15.75 | 1496.1 % | 0.20 |
| Q1 2009 | - | - | - | - | - | - | - |
| Q2 2009 | - | - | - | - | - | - | - |
| Q3 2009 | - | - | - | - | - | - | - |
| Q4 2009 | - | - | - | - | - | - | - |
| 2009 | 1,439.86 | 14.1 % | 225.57 | 27.0 % | 41.05 | 160.6 % | 0.51 |
| Q1 2010 | - | - | - | - | - | - | - |
| Q2 2010 | - | - | - | - | - | - | - |
| Q3 2010 | 455.43 | - | 80.77 | - | 24.52 | - | 0.31 |
| Q4 2010 | 531.23 | - | 101.02 | - | 37.36 | - | 0.47 |
| 2010 | 1,778.38 | 23.5 % | 322.09 | 42.8 % | 97.73 | 138.1 % | 1.22 |
| Q1 2011 | 476.68 | - | 91.62 | - | 19.05 | - | 0.24 |
| Q2 2011 | 650.72 | - | 119.43 | - | 45.46 | - | 0.57 |
| Q3 2011 | 610.26 | 34.0 % | 103.99 | 28.7 % | 26.36 | 7.5 % | 0.33 |
| Q4 2011 | 723.86 | 36.3 % | 120.23 | 19.0 % | 41.21 | 10.3 % | 0.52 |
| 2011 | 2,461.51 | 38.4 % | 435.27 | 35.1 % | 132.08 | 35.1 % | 1.65 |
| Q1 2012 | 626.03 | 31.3 % | 111.95 | 22.2 % | 23.78 | 24.8 % | 0.30 |
| Q2 2012 | 726.27 | 11.6 % | 131.05 | 9.7 % | 48.37 | 6.4 % | 0.60 |
| Q3 2012 | 698.82 | 14.5 % | 120.95 | 16.3 % | 28.37 | 7.6 % | 0.35 |
| Q4 2012 | 963.92 | 33.2 % | 166.56 | 38.5 % | 58.08 | 40.9 % | 0.73 |
| 2012 | 3,015.04 | 22.5 % | 530.51 | 21.9 % | 158.59 | 20.1 % | 1.98 |
| Q1 2013 | 723.40 | 15.6 % | 126.65 | 13.1 % | 26.22 | 10.3 % | 0.33 |
| Q2 2013 | 971.21 | 33.7 % | 160.30 | 22.3 % | 53.30 | 10.2 % | 0.67 |
| Q3 2013 | 778.64 | 11.4 % | 141.10 | 16.7 % | 29.44 | 3.8 % | 0.37 |
| Q4 2013 | 914.43 | (5.1 %) | 173.54 | 4.2 % | 58.37 | 0.5 % | 0.73 |
| 2013 | 3,387.67 | 12.4 % | 601.59 | 13.4 % | 167.33 | 5.5 % | 2.09 |
| Q1 2014 | 807.33 | 11.6 % | 144.84 | 14.4 % | 29.25 | 11.6 % | 0.37 |
| Q2 2014 | 984.29 | 1.3 % | 167.96 | 4.8 % | 53.77 | 0.9 % | 0.67 |
| Q3 2014 | 809.06 | 3.9 % | 144.06 | 2.1 % | 29.75 | 1.0 % | 0.37 |
| Q4 2014 | 1,088.69 | 19.1 % | 163.90 | (5.6 %) | 8.28 | (85.8 %) | 0.10 |
| 2014 | 3,689.36 | 8.9 % | 620.76 | 3.2 % | 121.04 | (27.7 %) | 1.51 |
| Q1 2015 | 871.71 | 8.0 % | 134.11 | (7.4 %) | 16.08 | (45.0 %) | 0.20 |
| Q2 2015 | 879.50 | (10.6 %) | 138.51 | (17.5 %) | 11.83 | (78.0 %) | 0.15 |
| Q3 2015 | 719.66 | (11.0 %) | 128.60 | (10.7 %) | 12.20 | (59.0 %) | 0.15 |
| Q4 2015 | 1,273.91 | 17.0 % | 176.00 | 7.4 % | 9.07 | 9.7 % | 0.11 |
| 2015 | 3,744.79 | 1.5 % | 577.54 | (7.0 %) | 49.18 | (59.4 %) | 0.61 |
| Q1 2016 | 742.91 | (14.8 %) | 97.51 | (27.3 %) | (45.89) | (385.4 %) | (0.57) |
| Q2 2016 | 881.27 | 0.2 % | 145.33 | 4.9 % | 11.02 | (6.8 %) | 0.14 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2006 | - | - | - | - | - | - | - |
| 2007 | 1,043.58 | - | 140.25 | - | 0.99 | - | 0.01 |
| 2008 | 1,262.14 | 20.9 % | 177.67 | 26.7 % | 15.75 | 1496.1 % | 0.20 |
| 2009 | 1,439.86 | 14.1 % | 225.57 | 27.0 % | 41.05 | 160.6 % | 0.51 |
| 2010 | 1,778.38 | 23.5 % | 322.09 | 42.8 % | 97.73 | 138.1 % | 1.22 |
| 2011 | 2,461.51 | 38.4 % | 435.27 | 35.1 % | 132.08 | 35.1 % | 1.65 |
| 2012 | 3,015.04 | 22.5 % | 530.51 | 21.9 % | 158.59 | 20.1 % | 1.98 |
| 2013 | 3,387.67 | 12.4 % | 601.59 | 13.4 % | 167.33 | 5.5 % | 2.09 |
| 2014 | 3,689.36 | 8.9 % | 620.76 | 3.2 % | 121.04 | (27.7 %) | 1.51 |
| 2015 | 3,744.79 | 1.5 % | 577.54 | (7.0 %) | 49.18 | (59.4 %) | 0.61 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| 2007 | 13.44 % | 2.48 % | 0.09 % |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| 2008 | 14.08 % | 2.81 % | 1.25 % |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| 2009 | 15.67 % | 4.22 % | 2.85 % |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| 2010 | 18.11 % | 6.65 % | 5.50 % |
| Q1 2011 | - | - | - |
| Q2 2011 | 18.58 % | 6.91 % | 5.98 % |
| Q3 2011 | 18.34 % | 6.79 % | 5.65 % |
| Q4 2011 | 17.68 % | 6.42 % | 5.37 % |
| 2011 | 17.68 % | 6.42 % | 5.37 % |
| Q1 2012 | 17.45 % | 6.27 % | 5.24 % |
| Q2 2012 | 17.39 % | 6.25 % | 5.20 % |
| Q3 2012 | 17.45 % | 6.19 % | 5.11 % |
| Q4 2012 | 17.60 % | 6.36 % | 5.26 % |
| 2012 | 17.60 % | 6.36 % | 5.26 % |
| Q1 2013 | 17.52 % | 6.29 % | 5.17 % |
| Q2 2013 | 17.11 % | 6.06 % | 4.94 % |
| Q3 2013 | 17.30 % | 6.04 % | 4.86 % |
| Q4 2013 | 17.76 % | 6.21 % | 4.94 % |
| 2013 | 17.76 % | 6.21 % | 4.94 % |
| Q1 2014 | 17.85 % | 6.24 % | 4.91 % |
| Q2 2014 | 18.01 % | 6.30 % | 4.90 % |
| Q3 2014 | 17.93 % | 6.28 % | 4.87 % |
| Q4 2014 | 16.83 % | 4.60 % | 3.28 % |
| 2014 | 16.83 % | 4.60 % | 3.28 % |
| Q1 2015 | 16.25 % | 4.19 % | 2.87 % |
| Q2 2015 | 15.91 % | 3.15 % | 1.81 % |
| Q3 2015 | 15.88 % | 2.72 % | 1.36 % |
| Q4 2015 | 15.41 % | 2.71 % | 1.31 % |
| 2015 | 15.42 % | 2.71 % | 1.31 % |
| Q1 2016 | 14.95 % | 1.10 % | (0.35 %) |
| Q2 2016 | 15.13 % | 1.00 % | (0.38 %) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2006 | - | - | - |
| 2007 | 13.44 % | 2.48 % | 0.09 % |
| 2008 | 14.08 % | 2.81 % | 1.25 % |
| 2009 | 15.67 % | 4.22 % | 2.85 % |
| 2010 | 18.11 % | 6.65 % | 5.50 % |
| 2011 | 17.68 % | 6.42 % | 5.37 % |
| 2012 | 17.60 % | 6.36 % | 5.26 % |
| 2013 | 17.76 % | 6.21 % | 4.94 % |
| 2014 | 16.83 % | 4.60 % | 3.28 % |
| 2015 | 15.42 % | 2.71 % | 1.31 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | 17.74 % | 5.40 % | 5.38 % |
| Q4 2010 | 19.02 % | 8.28 % | 7.03 % |
| Q1 2011 | 19.22 % | 5.32 % | 4.00 % |
| Q2 2011 | 18.35 % | 8.02 % | 6.99 % |
| Q3 2011 | 17.04 % | 5.34 % | 4.32 % |
| Q4 2011 | 16.61 % | 6.61 % | 5.69 % |
| Q1 2012 | 17.88 % | 4.97 % | 3.80 % |
| Q2 2012 | 18.04 % | 7.77 % | 6.66 % |
| Q3 2012 | 17.31 % | 5.22 % | 4.06 % |
| Q4 2012 | 17.28 % | 7.02 % | 6.03 % |
| Q1 2013 | 17.51 % | 4.88 % | 3.62 % |
| Q2 2013 | 16.51 % | 6.60 % | 5.49 % |
| Q3 2013 | 18.12 % | 5.20 % | 3.78 % |
| Q4 2013 | 18.98 % | 7.72 % | 6.38 % |
| Q1 2014 | 17.94 % | 5.12 % | 3.62 % |
| Q2 2014 | 17.06 % | 6.83 % | 5.46 % |
| Q3 2014 | 17.81 % | 5.14 % | 3.68 % |
| Q4 2014 | 15.05 % | 1.80 % | 0.76 % |
| Q1 2015 | 15.38 % | 3.32 % | 1.84 % |
| Q2 2015 | 15.75 % | 2.81 % | 1.34 % |
| Q3 2015 | 17.87 % | 3.27 % | 1.70 % |
| Q4 2015 | 13.82 % | 1.91 % | 0.71 % |
| Q1 2016 | 13.13 % | (4.41 %) | (6.18 %) |
| Q2 2016 | 16.49 % | 2.38 % | 1.25 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2007 | - | - | - | - |
| Q2 2007 | - | - | - | - |
| Q3 2007 | - | - | - | - |
| Q4 2007 | - | - | - | - |
| Q1 2008 | - | - | - | - |
| Q2 2008 | - | - | - | - |
| Q3 2008 | - | - | - | - |
| Q4 2008 | - | - | - | - |
| Q1 2009 | - | - | - | - |
| Q2 2009 | - | - | - | - |
| Q3 2009 | - | - | - | - |
| Q4 2009 | - | - | - | - |
| Q1 2010 | - | - | - | - |
| Q2 2010 | - | - | - | - |
| Q3 2010 | 80.00 | - | - | 2.57 |
| Q4 2010 | 80.00 | - | - | 3.04 |
| Q1 2011 | 80.00 | - | - | 3.28 |
| Q2 2011 | 80.00 | 1.58 | 1.58 | 3.85 |
| Q3 2011 | 80.00 | 1.60 | 1.60 | 4.18 |
| Q4 2011 | 80.00 | 1.65 | 1.65 | 4.69 |
| Q1 2012 | 80.00 | 1.71 | 1.71 | 4.22 |
| Q2 2012 | 80.00 | 1.75 | 1.75 | 4.83 |
| Q3 2012 | 80.00 | 1.77 | 1.77 | 5.18 |
| Q4 2012 | 80.00 | 1.98 | 1.98 | 5.91 |
| Q1 2013 | 80.00 | 2.01 | 2.01 | 6.23 |
| Q2 2013 | 80.00 | 2.07 | 2.07 | 6.13 |
| Q3 2013 | 80.00 | 2.09 | 2.09 | 6.03 |
| Q4 2013 | 80.00 | 2.09 | 2.09 | 6.10 |
| Q1 2014 | 80.00 | 2.13 | 2.13 | 6.47 |
| Q2 2014 | 80.00 | 2.14 | 2.14 | 6.74 |
| Q3 2014 | 80.00 | 2.14 | 2.14 | 6.74 |
| Q4 2014 | 80.00 | 1.51 | 1.51 | 6.47 |
| Q1 2015 | 80.00 | 1.35 | 1.35 | 6.67 |
| Q2 2015 | 80.00 | 0.82 | 0.82 | 6.61 |
| Q3 2015 | 80.00 | 0.60 | 0.60 | 6.53 |
| Q4 2015 | 80.00 | 0.61 | 0.61 | 6.65 |
| Q1 2016 | 80.00 | (0.16) | (0.16) | 6.09 |
| Q2 2016 | 80.00 | (0.17) | (0.17) | 6.22 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2006 | - | - | - | - |
| 2007 | 80.00 | 0.01 | 0.01 | 0.42 |
| 2008 | 80.00 | 0.20 | 0.20 | 1.31 |
| 2009 | 80.00 | 0.51 | 0.51 | 1.82 |
| 2010 | 80.00 | 1.22 | 1.22 | 3.04 |
| 2011 | 80.00 | 1.65 | 1.65 | 4.69 |
| 2012 | 80.00 | 1.98 | 1.98 | 5.91 |
| 2013 | 80.00 | 2.09 | 2.09 | 6.10 |
| 2014 | 80.00 | 1.51 | 1.51 | 6.47 |
| 2015 | 80.00 | 0.61 | 0.61 | 6.65 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2007 | - | - | - |
| Q2 2007 | - | - | - |
| Q3 2007 | - | - | - |
| Q4 2007 | - | - | - |
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| Q1 2011 | - | - | - |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | 13.96 | 13.96 | 4.91 |
| Q1 2012 | 16.05 | 16.05 | 6.50 |
| Q2 2012 | 14.82 | 14.82 | 5.36 |
| Q3 2012 | 15.79 | 15.79 | 5.40 |
| Q4 2012 | 15.62 | 15.62 | 5.24 |
| Q1 2013 | 18.05 | 18.05 | 5.83 |
| Q2 2013 | 17.58 | 17.58 | 5.95 |
| Q3 2013 | 21.35 | 21.35 | 7.40 |
| Q4 2013 | 17.61 | 17.61 | 6.04 |
| Q1 2014 | 20.14 | 20.14 | 6.63 |
| Q2 2014 | 21.37 | 21.37 | 6.77 |
| Q3 2014 | 20.58 | 20.58 | 6.53 |
| Q4 2014 | 19.84 | 19.84 | 4.64 |
| Q1 2015 | 26.44 | 26.44 | 5.35 |
| Q2 2015 | 45.96 | 45.96 | 5.73 |
| Q3 2015 | 34.06 | 34.06 | 3.15 |
| Q4 2015 | 29.17 | 29.17 | 2.70 |
| Q1 2016 | NEG | NEG | 1.91 |
| Q2 2016 | NEG | NEG | 1.89 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2006 | - | - | - |
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | - | - | - |
| 2011 | 13.96 | 13.96 | 4.91 |
| 2012 | 15.62 | 15.62 | 5.24 |
| 2013 | 17.61 | 17.61 | 6.04 |
| 2014 | 19.84 | 19.84 | 4.64 |
| 2015 | 29.17 | 29.17 | 2.70 |
| Item | Q2 2016 (e) | Q2 2016 (a) | Change |
|---|---|---|---|
| Average | (17.98) | 11.02 | 161.32 % |
| Item | Q2 2016 (e) | Q2 2016 (a) | Change |
|---|---|---|---|
| KASB Capital | (32.20) | 11.02 | 134.2 % |
| Albilad Capital | (19.00) | 11.02 | 158.0 % |
| Al Rajhi Capital | (16.00) | 11.02 | 168.9 % |
| SNB Capital | (4.70) | 11.02 | 334.5 % |
| Current | |
| Market Cap (M Riyal) | 7,504.00 |
| Enterprise Value (EV) (M) | 8,513.25 |
| Shares Outstanding ((M)) | 80.00 |
| EPS ( Riyal) (TTM) | 5.00 |
| Book Value (BV) ( Riyal) | 15.37 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 17.14 |
| P/E (TTM) | 18.77 |
| Price/book | 6.10 |
| Return on Average Assets (%) (TTM) | 9.0 |
| Return on Average Equity (%) (TTM) | 32.6 |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}