Arabian Centres’ net profit up 2% for FY18/19
26/06/2019
Argaam Exclusive
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Arabian Centres Co. reported a net profit after zakat and tax of SAR 804.1 million for fiscal year ending March 31, 2019, up by 2.2 percent year-on-year (YoY), the company said in a bourse statement on Wednesday.
The increase is due to higher revenue, increased gross profit and lower general and administrative expenses (G&As), the statement added.
Financials (M)
| Item | 2017 | 2018 | Change |
|---|---|---|---|
| Revenues | 2,160.51 | 2,176.40 | 0.7 % |
| Gross Income | 1,365.11 | 1,393.91 | 2.1 % |
| Operating Income | 1,177.61 | 1,216.44 | 3.3 % |
| Net Income | 774.57 | 789.60 | 1.9 % |
| Average Shares | 475.00 | 475.00 | - |
| Earnings Per Share before unusual items (Riyals) | 1.58 | 1.66 | 5.4 % |
| EPS (Riyal) | 1.63 | 1.66 | 1.9 % |
The company also cited the implementation of a yield and space optimization strategy.
FY2018/2019 sales stood at SAR 2.18 billion versus SAR 2.16 billion a year earlier.
Q4 2018/2019 bottom line rose around 7 percent YoY to SAR 255.7 million.
Compared With The
Current Quarter Comparison (M)
| Item | Q4 2017 | Q4 2018 | Change |
|---|---|---|---|
| Revenues | 559.79 | 556.41 | (0.6 %) |
| Gross Income | 369.82 | 370.64 | 0.2 % |
| Operating Income | 314.76 | 343.58 | 9.2 % |
| Net Income | 236.95 | 271.60 | 14.6 % |
| Average Shares | 475.00 | 475.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.48 | 0.57 | 20.2 % |
| EPS (Riyal) | 0.50 | 0.57 | 14.6 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2018 | 558.31 | - | 355.85 | - | 316.60 | - |
| Q2 2018 | 531.57 | - | 326.91 | - | 282.04 | - |
| Q3 2018 | 530.11 | - | 340.51 | - | 294.62 | - |
| Q4 2018 | 556.41 | (0.6 %) | 370.64 | 0.2 % | 343.58 | 9.2 % |
| 2018 | 2,176.40 | 0.7 % | 1,393.91 | 2.1 % | 1,216.44 | 3.3 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| Q1 2018 | 77.40 | - | 0.16 | - | 77.40 | 0.16 |
| Q2 2018 | 188.90 | - | 0.40 | - | 188.90 | 0.40 |
| Q3 2018 | 272.10 | - | 0.57 | - | 272.10 | 0.57 |
| Q4 2018 | 271.60 | 14.6 % | 0.57 | - | 271.60 | 0.57 |
| 2018 | 789.60 | 1.9 % | 1.66 | - | 789.60 | 1.66 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2017 | - | - | - |
| Q2 2017 | - | - | - |
| Q3 2017 | - | - | - |
| Q4 2017 | - | - | - |
| 2017 | 63.18 % | 68.35 % | 34.69 % |
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | 63.91 % | 68.71 % | 35.06 % |
| Q4 2018 | 64.05 % | 70.26 % | 37.22 % |
| 2018 | 64.05 % | 69.32 % | 36.28 % |
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 | 475.00 | - | - | 10.13 |
| Q2 2018 | 475.00 | - | - | - |
| Q3 2018 | 475.00 | 1.63 | 1.61 | 10.14 |
| Q4 2018 | 475.00 | 1.71 | 1.71 | 10.66 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| Q1 2018 | - | - | - |
| Q2 2018 | - | - | - |
| Q3 2018 | - | - | - |
| Q4 2018 | - | - | - |
Business Segments (Million)
2018
| Period | Rental income | Service and management fee income | Turnover rent | Commission income on provisions for utilities, net |
|---|
| Current | |
| Market Cap (M Riyal) | 9,215.01 |
| Enterprise Value (EV) (M Riyal) | 21,118.75 |
| Shares Outstanding ((M)) | 475.00 |
| EPS ( Riyal) (TTM) | 3.24 |
| Book Value (BV) ( Riyal) | 32.50 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | 15.59 |
| P/E (TTM) | 5.98 |
| Price/book | 0.60 |
| Return on Average Assets (%) (TTM) | 4.9 |
| Return on Average Equity (%) (TTM) | 10.3 |
| EV/adj EBITDA | 15.51 |
| EV/Revenues | 9.15 |
Share Price
Arabian Centres Co. (CENOMI CENTERS)
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