Financial Results : Alandalus Property net profit rises 5% in 9M 2016

Alandalus Property net profit rises 5% in 9M 2016

18/10/2016 Argaam Exclusive

View other reports

 

Alandalus Property Co.’s net income gained 4.7 percent to SAR 75.8 million in the first nine month of 2016 year-on-year. The developer attributed the increase to rise in rent revenues and income from investment in associate companies. 



Financials (M)

Item 9m 2015 9m 2016 Change‬
Revenues 94.36 98.05 3.9 %
Gross Income 58.42 60.98 4.4 %
Operating Income 51.90 51.71 (0.4 %)
Net Income 72.39 76.02 5.0 %
Average Shares 93.33 93.33 -
Earnings Per Share before unusual items (Riyals) 0.78 0.81 5.0 %
EPS (Riyal) 0.78 0.81 5.0 %

Third quarter net profit rose 8.6 percent year- on-year to SAR 26.3 million due to higher rent as well as a decline in financing cost and zakat provision. Compared to the previous quarter, profit for the period gained 5.8 percent from SAR 24.8 million. 



Current Quarter Comparison (M)

Compared With The
Item Q3 2015 Q3 2016 Change‬
Revenues 33.06 34.30 3.8 %
Gross Income 19.76 20.97 6.1 %
Operating Income 17.09 17.64 3.2 %
Net Income 24.18 26.37 9.1 %
Average Shares 93.33 93.33 -
Earnings Per Share before unusual items (Riyal) 0.26 0.28 9.1 %
EPS (Riyal) 0.26 0.28 9.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 23.73 - 16.02 - 14.48 -
Q2 2014 25.53 - 18.57 - 16.03 -
Q3 2014 27.33 - 18.47 - 15.76 -
Q4 2014 26.03 - 17.60 - 16.09 -
Q1 2015 29.58 24.7 % 18.23 13.8 % 16.28 12.5 %
Q2 2015 31.72 24.3 % 20.42 10.0 % 18.53 15.6 %
Q3 2015 33.06 21.0 % 19.76 7.0 % 17.09 8.4 %
Q4 2015 32.37 24.4 % 16.66 (5.4 %) 13.64 (15.2 %)
Q1 2016 31.69 7.1 % 19.84 8.8 % 16.93 4.0 %
Q2 2016 32.06 1.1 % 20.17 (1.2 %) 17.15 (7.5 %)
Q3 2016 34.30 3.8 % 20.97 6.1 % 17.64 3.2 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
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 - - - - - -
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 21.42 - 0.23 - 21.42 0.23
Q2 2014 21.90 - 0.23 - 21.90 0.23
Q3 2014 21.88 - 0.23 - 21.88 0.23
Q4 2014 21.61 - 0.23 - 21.61 0.23
Q1 2015 23.55 10.0 % 0.25 - 23.55 0.25
Q2 2015 24.67 12.6 % 0.26 - 24.67 0.26
Q3 2015 24.18 10.5 % 0.26 - 24.18 0.26
Q4 2015 21.68 0.3 % 0.23 - 21.68 0.23
Q1 2016 24.80 5.3 % 0.27 - 24.80 0.27
Q2 2016 24.85 0.8 % 0.27 - 24.85 0.27
Q3 2016 26.37 9.1 % 0.28 - 26.37 0.28

Profitability

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 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 68.87 % 70.94 % 84.60 %
Q1 2015 67.19 % 69.22 % 82.01 %
Q2 2015 65.18 % 67.95 % 79.99 %
Q3 2015 63.15 % 66.03 % 78.09 %
Q4 2015 59.24 % 61.65 % 74.23 %
2015 59.24 % 61.70 % 74.23 %
Q1 2016 59.52 % 61.03 % 73.99 %
Q2 2016 59.17 % 59.81 % 73.93 %
Q3 2016 59.53 % 59.73 % 74.91 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (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 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 93.33 - - 7.70
Q2 2014 93.33 - - 7.94
Q3 2014 93.33 - - 8.17
Q4 2014 93.33 0.93 0.93 8.40
Q1 2015 93.33 0.95 0.95 8.65
Q2 2015 93.33 0.98 0.98 8.92
Q3 2015 93.33 1.01 1.01 9.18
Q4 2015 93.33 1.01 1.01 9.41
Q1 2016 93.33 1.02 1.02 9.19
Q2 2016 93.33 1.02 1.02 9.08
Q3 2016 93.33 1.05 1.05 9.37

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring 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 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 15.43 15.43 1.71
Q2 2016 14.79 14.79 1.67
Q3 2016 10.83 10.83 1.21

Business Segments (Million)

Compared With The
Period Retail sector Office sector
Q1 2016 31.54 0.26
Q2 2016 32.10 0.26
Q3 2016 33.64 0.26


Financial Ratios
Current
Market Cap (M Riyal) 1,913.27
Enterprise Value (EV) (M Riyal) 2,837.20
Shares Outstanding ((M)) 93.33
EPS ( Riyal) (TTM) (0.39)
Book Value (BV) ( Riyal) 10.52
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) NEG
Price/book 1.95
Return on Average Assets (%) (TTM) (1.62 )
Return on Average Equity (%) (TTM) (3.56 )
EV/adj EBITDA 23.58
EV/Revenues 12.10
more

Share Price

Alandalus Property Co.
20.50
0.77 3.90 %

Alandalus Property Co. (ALANDALUS)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.