SARCO swings to SAR 1.7 mln profit in 9M 2017

31/10/2017 Argaam Exclusive

View other reports

Saudi Arabia Refineries Co. (SARCO) reported net profit of SAR 1.7 million for the first nine months of 2017, compared to a net loss of SAR 2.2 million in the same period last year, backed by SAR 7.6 million in dividends from its affiliate Saudi Industrial Investment Group.

Financials (M)

Item	9m 2016	9m 2017	Change‬
Operating Income	(1.80)	(5.73)	(217.9 %)
Net Income	(2.22)	1.68	175.5 %
Average Shares	15.00	15.00	-
EPS (Riyals)	(0.15)	0.11	175.5 %

The company narrowed net losses to SAR 336,988 in Q3 2017 from SAR 1.3 million in the same period last year16, due to deconsolidation of losses from its affiliate Arabian Sulphonates Co., along with lower general and administrative expenses.

Net losses declined 67 percent when compared to the previous quarter.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2016	Q3 2017	Change‬
Operating Income	(0.55)	(0.49)	10.2 %
Net Income	(1.30)	(0.34)	74.2 %
Average Shares	15.00	15.00	-
EPS (Riyals)	(0.09)	(0.02)	74.2 %

Item	Q2 2017	Q3 2017	Change‬
Operating Income	(0.74)	(0.49)	33.7 %
Net Income	(1.02)	(0.34)	67.0 %
Average Shares	15.00	15.00	-
EPS (Riyals)	(0.07)	(0.02)	67.0 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2008	-	-	-	-	98.55	8843.2 %	6.57
Q2 2008	-	-	-	-	8.65	666.9 %	0.58
Q3 2008	-	-	-	-	(0.38)	(100.4 %)	(0.03)
Q4 2008	-	-	-	-	0.84	16640.0 %	0.06
2008	-	-	-	-	107.66	8.9 %	7.18
Q1 2009	-	-	-	-	0.08	(99.9 %)	0.01
Q2 2009	-	-	-	-	0.30	(96.5 %)	0.02
Q3 2009	-	-	-	-	0.63	266.8 %	0.04
Q4 2009	-	-	-	-	2.11	152.6 %	0.14
2009	-	-	-	-	3.12	(97.1 %)	0.21
Q1 2010	-	-	-	-	0.75	904.0 %	0.05
Q2 2010	-	-	-	-	8.68	2794.0 %	0.58
Q3 2010	-	-	-	-	0.52	(18.0 %)	0.03
Q4 2010	-	-	-	-	2.32	9.6 %	0.15
2010	-	-	-	-	12.27	293.2 %	0.82
Q1 2011	-	-	-	-	0.75	(0.3 %)	0.05
Q2 2011	-	-	-	-	8.19	(5.6 %)	0.55
Q3 2011	-	-	-	-	0.46	(12.2 %)	0.03
Q4 2011	-	-	-	-	1.53	(34.0 %)	0.10
2011	-	-	-	-	10.93	(10.9 %)	0.73
Q1 2012	-	-	-	-	0.64	(15.0 %)	0.04
Q2 2012	-	-	-	-	15.47	88.8 %	1.03
Q3 2012	-	-	-	-	0.57	25.9 %	0.04
Q4 2012	-	-	-	-	0.13	(91.5 %)	0.01
2012	-	-	-	-	16.81	53.8 %	1.12
Q1 2013	-	-	-	-	0.73	14.6 %	0.05
Q2 2013	-	-	-	-	14.24	(8.0 %)	0.95
Q3 2013	-	-	-	-	1.27	120.9 %	0.08
Q4 2013	-	-	-	-	(0.81)	(723.8 %)	(0.05)
2013	-	-	-	-	15.56	(7.4 %)	1.04
Q1 2014	-	-	-	-	2.95	303.0 %	0.20
Q2 2014	-	-	-	-	14.35	0.8 %	0.96
Q3 2014	-	-	-	-	7.21	469.2 %	0.48
Q4 2014	-	-	-	-	(3.58)	(341.2 %)	(0.24)
2014	-	-	-	-	20.93	34.5 %	1.40
Q1 2015	-	-	-	-	(0.67)	(122.9 %)	(0.04)
Q2 2015	-	-	-	-	16.91	17.8 %	1.13
Q3 2015	-	-	-	-	0.10	(98.7 %)	0.01
Q4 2015	-	-	-	-	(3.61)	(0.9 %)	(0.24)
2015	-	-	-	-	7.46	(64.3 %)	0.50
Q1 2016	-	-	-	-	(0.72)	(7.1 %)	(0.05)
Q2 2016	-	-	-	-	(0.20)	(101.2 %)	(0.01)
Q3 2016	-	-	-	-	(1.30)	(1458.3 %)	(0.09)
Q4 2016	-	-	-	-	(1.82)	49.6 %	(0.12)
2016	-	-	-	-	(4.04)	(154.2 %)	(0.27)
Q1 2017	-	-	-	-	3.04	520.8 %	0.20
Q2 2017	-	-	-	-	(1.02)	(416.2 %)	(0.07)
Q3 2017	-	-	-	-	(0.34)	74.2 %	(0.02)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2007	-	-	-	-	98.82	820.4 %	6.59
2008	-	-	-	-	107.66	8.9 %	7.18
2009	-	-	-	-	3.12	(97.1 %)	0.21
2010	-	-	-	-	12.27	293.2 %	0.82
2011	-	-	-	-	10.93	(10.9 %)	0.73
2012	-	-	-	-	16.81	53.8 %	1.12
2013	-	-	-	-	15.56	(7.4 %)	1.04
2014	-	-	-	-	20.93	34.5 %	1.40
2015	-	-	-	-	7.46	(64.3 %)	0.50
2016	-	-	-	-	(4.04)	(154.2 %)	(0.27)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	-	-	-
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	-	-	-
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2008	15.00	13.09	13.09	38.09
Q2 2008	15.00	13.59	13.59	40.29
Q3 2008	15.00	7.12	7.12	39.99
Q4 2008	15.00	7.18	7.18	14.11
Q1 2009	15.00	0.61	0.61	16.29
Q2 2009	15.00	0.06	0.06	22.57
Q3 2009	15.00	0.12	0.12	26.80
Q4 2009	15.00	0.21	0.21	25.67
Q1 2010	15.00	0.25	0.25	25.82
Q2 2010	15.00	0.81	0.81	21.38
Q3 2010	15.00	0.80	0.80	22.43
Q4 2010	15.00	0.82	0.82	26.57
Q1 2011	15.00	0.82	0.82	27.48
Q2 2011	15.00	0.79	0.79	27.42
Q3 2011	15.00	0.78	0.78	23.79
Q4 2011	15.00	0.73	0.73	23.43
Q1 2012	15.00	0.72	0.72	29.33
Q2 2012	15.00	1.21	1.21	25.43
Q3 2012	15.00	1.21	1.21	28.05
Q4 2012	15.00	1.12	1.12	27.72
Q1 2013	15.00	1.13	1.13	28.03
Q2 2013	15.00	1.04	1.04	31.35
Q3 2013	15.00	1.09	1.09	31.96
Q4 2013	15.00	1.03	1.03	38.17
Q1 2014	15.00	1.18	1.11	40.50
Q2 2014	15.00	1.18	1.12	42.44
Q3 2014	15.00	1.58	1.58	46.80
Q4 2014	15.00	1.40	1.33	31.83
Q1 2015	15.00	1.15	1.15	29.56
Q2 2015	15.00	1.32	1.32	33.68
Q3 2015	15.00	0.85	0.78	24.46
Q4 2015	15.00	0.85	0.85	19.76
Q1 2016	15.00	0.84	0.84	18.11
Q2 2016	15.00	(0.30)	(0.30)	18.85
Q3 2016	15.00	(0.39)	(0.39)	18.03
Q4 2016	15.00	(0.27)	(0.27)	24.10
Q1 2017	15.00	(0.02)	(0.02)	26.06
Q2 2017	15.00	(0.07)	(0.07)	25.09
Q3 2017	15.00	(0.01)	(0.01)	26.07

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2007	15.00	6.59	6.59	39.79
2008	15.00	7.18	7.18	14.11
2009	15.00	0.21	0.21	25.67
2010	15.00	0.82	0.82	26.57
2011	15.00	0.73	0.73	23.43
2012	15.00	1.12	1.12	27.72
2013	15.00	1.04	1.04	38.17
2014	15.00	1.40	1.33	31.83
2015	15.00	0.50	0.50	19.76
2016	15.00	(0.27)	(0.27)	24.10

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2008	5.23	5.23	1.80
Q2 2008	5.00	5.00	1.69
Q3 2008	8.65	8.65	1.54
Q4 2008	8.08	8.08	4.11
Q1 2009	68.92	68.92	2.59
Q2 2009	More than 100	More than 100	2.29
Q3 2009	More than 100	More than 100	1.91
Q4 2009	More than 100	More than 100	1.94
Q1 2010	More than 100	More than 100	1.86
Q2 2010	44.21	44.21	1.68
Q3 2010	43.51	43.51	1.56
Q4 2010	44.01	44.01	1.35
Q1 2011	39.73	39.73	1.18
Q2 2011	59.85	59.85	1.71
Q3 2011	61.83	61.83	2.03
Q4 2011	More than 100	More than 100	3.38
Q1 2012	More than 100	More than 100	2.55
Q2 2012	44.56	44.56	2.11
Q3 2012	56.22	56.22	2.43
Q4 2012	53.98	53.98	2.18
Q1 2013	55.02	55.02	2.21
Q2 2013	56.71	56.71	1.89
Q3 2013	54.76	54.76	1.87
Q4 2013	57.13	57.13	1.54
Q1 2014	57.82	61.30	1.68
Q2 2014	62.86	66.61	1.75
Q3 2014	53.67	53.67	1.81
Q4 2014	35.42	37.20	1.55
Q1 2015	49.59	49.59	1.94
Q2 2015	44.18	44.18	1.74
Q3 2015	48.14	52.24	1.67
Q4 2015	48.69	48.69	2.09
Q1 2016	39.60	39.60	1.85
Q2 2016	NEG	NEG	1.85
Q3 2016	NEG	NEG	1.43
Q4 2016	NEG	NEG	1.67
Q1 2017	NEG	NEG	1.30
Q2 2017	NEG	NEG	1.27
Q3 2017	NEG	NEG	1.32

Period	P/E	Adjusted P/E	Price/book
2007	14.42	14.42	2.39
2008	8.08	8.08	4.11
2009	More than 100	More than 100	1.94
2010	44.01	44.01	1.35
2011	More than 100	More than 100	3.38
2012	53.98	53.98	2.18
2013	56.64	56.64	1.54
2014	35.42	37.20	1.55
2015	82.98	82.98	2.09
2016	NEG	NEG	1.67

Financial Ratios

	Current
Market Cap (M Riyal)	1,155.00
Enterprise Value (EV) (M)	1,111.35
Shares Outstanding ((M))	15.00
EPS ( Riyal) (TTM)	0.50
Book Value (BV) ( Riyal)	29.85
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	2.58
Return on Average Assets (%) (TTM)	1.6
Return on Average Equity (%) (TTM)	1.6

Saudi Arabia Refineries Co. (SARCO)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Sign In

Search Result

SARCO swings to SAR 1.7 mln profit in 9M 2017

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

Saudi Arabia Refineries Co. (SARCO)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Sign In

×

Forgot password?

SARCO swings to SAR 1.7 mln profit in 9M 2017

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

Saudi Arabia Refineries Co. (SARCO)

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}