L’Azurde net profit falls 44% in 2018
10/03/2019
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L’Azurde for Jewelry Co. (L’Azurde) reported a net profit after zakat and tax of SAR 17.7 million for fiscal year 2018, a 43.8 percent year-on-year (YoY) decrease, due to higher operating expenses and higher cost of finance.
Financials (M)
| Item | 2017 | 2018 | Change |
|---|---|---|---|
| Revenues | 1,752.51 | 1,912.36 | 9.1 % |
| Gross Income | 217.48 | 244.08 | 12.2 % |
| Operating Income | 75.27 | 69.93 | (7.1 %) |
| Net Income | 31.54 | 17.67 | (44.0 %) |
| Average Shares | 50.51 | 50.51 | - |
| Earnings Per Share before unusual items (Riyals) | 0.62 | 0.35 | (44.0 %) |
| EPS (Riyal) | 0.62 | 0.35 | (44.0 %) |
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2017 | Q4 2018 | Change |
|---|---|---|---|
| Revenues | 336.07 | 415.85 | 23.7 % |
| Gross Income | 46.76 | 60.87 | 30.2 % |
| Operating Income | 13.99 | 13.75 | (1.7 %) |
| Net Income | 2.63 | 0.09 | (96.6 %) |
| Average Shares | 50.51 | 50.51 | - |
| Earnings Per Share before unusual items (Riyal) | 0.05 | 0.00 | (96.6 %) |
| EPS (Riyal) | 0.05 | 0.00 | (96.6 %) |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2018 | 554.63 | (8.3 %) | 68.46 | (7.7 %) | 23.04 | (33.8 %) |
| Q2 2018 | 460.75 | 11.9 % | 55.98 | 8.4 % | 17.36 | 10.4 % |
| Q3 2018 | 481.13 | 20.3 % | 58.76 | 30.8 % | 15.78 | 47.0 % |
| Q4 2018 | 415.85 | 23.7 % | 60.87 | 30.2 % | 13.75 | (1.7 %) |
| 2018 | 1,912.36 | 9.1 % | 244.08 | 12.2 % | 69.93 | (7.1 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2018 | 9.03 | (58.9 %) | 0.18 | - | 9.03 | 0.18 |
| Q2 2018 | 4.85 | (24.6 %) | 0.10 | - | 4.85 | 0.10 |
| Q3 2018 | 3.70 | 637.5 % | 0.07 | - | 3.70 | 0.07 |
| Q4 2018 | 0.09 | (96.6 %) | 0.00 | - | 0.09 | 0.00 |
| 2018 | 17.67 | (44.0 %) | 0.35 | - | 17.67 | 0.35 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2017 | 11.58 % | 3.48 % | (0.07 %) |
| Q2 2017 | 13.29 % | 4.43 % | 0.76 % |
| Q3 2017 | 11.53 % | 2.60 % | (1.01 %) |
| Q4 2017 | 12.41 % | 4.87 % | 1.80 % |
| 2017 | 12.41 % | 4.87 % | 1.80 % |
| Q1 2018 | 12.44 % | 4.33 % | 1.09 % |
| Q2 2018 | 12.34 % | 4.32 % | 0.97 % |
| Q3 2018 | 12.55 % | 4.42 % | 1.10 % |
| Q4 2018 | 12.76 % | 4.27 % | 0.92 % |
| 2018 | 12.76 % | 4.27 % | 0.92 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2018 | 50.51 | 0.37 | 0.37 | 8.30 |
| Q2 2018 | 50.51 | 0.34 | 0.34 | 8.37 |
| Q3 2018 | 50.51 | 0.40 | 0.40 | 8.45 |
| Q4 2018 | 50.51 | 0.35 | 0.35 | 8.44 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2018 | 46.62 | 46.62 | 2.07 |
| Q2 2018 | 52.73 | 52.73 | 2.12 |
| Q3 2018 | 40.46 | 40.46 | 1.92 |
| Q4 2018 | 44.33 | 44.33 | 1.84 |
Business Segments (Million)
Q4 2018
| Period | Wholesale | Retail sector |
|---|---|---|
| Q1 2018 | 516.41 | 38.22 |
| Q2 2018 | 433.24 | 27.52 |
| Q3 2018 | 450.60 | 30.53 |
| Q4 2018 | 374.45 | 41.39 |
| Current | |
| Market Cap (M Riyal) | 687.13 |
| Enterprise Value (EV) (M Riyal) | 2,430.11 |
| Shares Outstanding ((M)) | 57.50 |
| EPS ( Riyal) (TTM) | (0.52) |
| Book Value (BV) ( Riyal) | 4.68 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | Neg |
| P/E (TTM) | NEG |
| Price/book | 2.55 |
| Return on Average Assets (%) (TTM) | (1.42 ) |
| Return on Average Equity (%) (TTM) | (10.47 ) |
| EV/adj EBITDA | 38.54 |
| EV/Revenues | 0.89 |
Share Price
Lazurde Company for Jewelry (LAZURDE)
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