Financial Results : SIDC’s net losses shrink 31% in FY16

SIDC’s net losses shrink 31% in FY16

19/01/2017 Argaam Exclusive

View other reports

Saudi Industrial Development Co. (SIDC) reported a net loss of SAR 13 million for fiscal year 2016, decreasing its losses by 31 percent year-on-year (YoY).

 

The company said that the losses shrunk due to a decrease in non-operating losses and lower operating costs. 



Financials (M)

Item 2015 2016 Change‬
Revenues 325.53 259.53 (20.3 %)
Gross Income 99.30 66.95 (32.6 %)
Operating Income 18.19 (0.76) (104.2 %)
Net Income (18.95) 0.04 100.2 %
Average Shares 20.97 20.97 -
Earnings Per Share before unusual items (Riyals) (0.21) (0.19) 7.2 %
EPS (Riyal) (0.90) 0.00 100.2 %

SIDC narrowed its net loss to SAR 2 million in Q4 2016, 80 percent lower YoY, on non-operating profit in addition to a decrease in operating expenses.

 

Fourth-quarter net losses also declined by 80 percent compared to the previous quarter. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2015 Q4 2016 Change‬
Revenues 69.32 45.59 (34.2 %)
Gross Income 16.55 12.19 (26.3 %)
Operating Income (4.52) (3.81) 15.6 %
Net Income (24.62) 8.25 133.5 %
Average Shares 20.97 20.97 -
Earnings Per Share before unusual items (Riyal) (0.48) (0.47) 0.7 %
EPS (Riyal) (1.17) 0.39 133.5 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2007 110.02 13.2 % 12.12 16.7 % (2.08) 37.8 %
Q2 2007 82.57 (24.3 %) 14.73 (21.4 %) 0.13 (96.8 %)
Q3 2007 71.01 (39.5 %) 10.59 (41.2 %) (2.43) (192.7 %)
Q4 2007 59.82 (43.9 %) 15.93 29.9 % 3.00 136.4 %
Q1 2008 55.14 (49.9 %) 11.22 (7.5 %) 0.55 126.5 %
Q2 2008 66.14 (19.9 %) 13.12 (10.9 %) 1.97 1460.3 %
Q3 2008 72.26 1.8 % 10.43 (1.5 %) 0.80 132.7 %
Q4 2008 56.80 (5.1 %) 12.16 (23.7 %) 0.66 (78.1 %)
Q1 2009 51.84 (6.0 %) 6.99 (37.7 %) (3.00) (645.0 %)
Q2 2009 58.02 (12.3 %) 12.36 (5.9 %) 1.05 (46.5 %)
Q3 2009 60.79 (15.9 %) 13.07 25.3 % 3.14 294.1 %
Q4 2009 51.76 (8.9 %) 15.85 30.4 % 1.79 171.7 %
Q1 2010 52.62 1.5 % 12.19 74.5 % 2.13 170.8 %
Q2 2010 60.51 4.3 % 14.47 17.2 % 2.00 90.6 %
Q3 2010 64.95 6.8 % 17.70 35.5 % 5.58 78.0 %
Q4 2010 54.02 4.4 % 11.01 (30.6 %) (5.00) (380.2 %)
Q1 2011 64.36 22.3 % 15.94 30.8 % 4.52 112.4 %
Q2 2011 80.50 33.0 % 18.57 28.3 % 6.10 204.3 %
Q3 2011 82.51 27.0 % 26.05 47.1 % 12.29 120.1 %
Q4 2011 73.15 35.4 % 17.98 63.4 % 3.28 165.5 %
Q1 2012 75.20 16.8 % 23.07 44.7 % 10.33 128.8 %
Q2 2012 81.73 1.5 % 25.04 34.8 % 11.52 88.9 %
Q3 2012 84.68 2.6 % 25.10 (3.6 %) 9.73 (20.9 %)
Q4 2012 72.82 (0.4 %) 21.47 19.4 % 4.82 47.2 %
Q1 2013 79.81 6.1 % 23.39 1.4 % 6.84 (33.8 %)
Q2 2013 84.89 3.9 % 27.92 11.5 % 10.77 (6.5 %)
Q3 2013 86.34 2.0 % 27.42 9.2 % 9.20 (5.4 %)
Q4 2013 68.72 (5.6 %) 21.26 (0.9 %) 2.98 (38.3 %)
Q1 2014 75.07 (5.9 %) 22.35 (4.5 %) 3.50 (48.9 %)
Q2 2014 85.66 0.9 % 25.93 (7.1 %) 3.79 (64.8 %)
Q3 2014 87.12 0.9 % 24.31 (11.3 %) 4.76 (48.3 %)
Q4 2014 68.09 (0.9 %) 16.15 (24.0 %) (2.44) (182.1 %)
Q1 2015 79.01 5.2 % 24.17 8.1 % 5.59 59.9 %
Q2 2015 92.50 8.0 % 30.70 18.4 % 10.05 165.4 %
Q3 2015 84.70 (2.8 %) 27.88 14.7 % 7.06 48.3 %
Q4 2015 69.32 1.8 % 16.55 2.5 % (4.52) (85.0 %)
Q1 2016 67.44 (14.6 %) 17.17 (29.0 %) (1.57) (128.1 %)
Q2 2016 79.46 (14.1 %) 20.24 (34.1 %) 2.42 (75.9 %)
Q3 2016 67.05 (20.8 %) 17.36 (37.7 %) 2.20 (68.9 %)
Q4 2016 45.59 (34.2 %) 12.19 (26.3 %) (3.81) 15.6 %
2016 259.53 (20.3 %) 66.95 (32.6 %) (0.76) (104.2 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2007 (3.93) 28.2 % (0.19) - (3.93) (0.19)
Q2 2007 (2.73) (9.3 %) (0.13) - (2.73) (0.13)
Q3 2007 (3.30) (105.5 %) (0.16) - (3.30) (0.16)
Q4 2007 21.73 325.5 % 1.04 - 21.73 1.04
Q1 2008 (1.25) 68.3 % (0.06) - (1.25) (0.06)
Q2 2008 (3.09) (13.2 %) (0.15) - (3.09) (0.15)
Q3 2008 (4.90) (48.5 %) (0.23) - (4.90) (0.23)
Q4 2008 3.71 (82.9 %) 0.18 - 3.71 0.18
Q1 2009 (2.75) (120.9 %) (0.13) - (2.75) (0.13)
Q2 2009 0.97 131.5 % 0.05 - 0.97 0.05
Q3 2009 0.13 102.7 % 0.01 - 0.13 0.01
Q4 2009 (1.83) (149.2 %) (0.09) - (1.83) (0.09)
Q1 2010 0.14 105.0 % 0.01 - 0.14 0.01
Q2 2010 101.10 10279.5 % 4.82 101.56 (0.47) (0.02)
Q3 2010 9.73 7328.2 % 0.46 4.58 5.15 0.25
Q4 2010 (10.36) (466.7 %) (0.49) 0.05 (10.41) (0.50)
Q1 2011 4.26 3008.8 % 0.20 - 4.26 0.20
Q2 2011 5.67 (94.4 %) 0.27 - 5.67 0.27
Q3 2011 12.09 24.3 % 0.58 - 12.09 0.58
Q4 2011 2.60 125.1 % 0.12 - 2.60 0.12
Q1 2012 9.15 114.8 % 0.44 - 9.15 0.44
Q2 2012 10.54 85.9 % 0.50 - 10.54 0.50
Q3 2012 8.90 (26.4 %) 0.42 - 8.90 0.42
Q4 2012 4.57 75.9 % 0.22 - 4.57 0.22
Q1 2013 6.55 (28.4 %) 0.31 - 6.55 0.31
Q2 2013 12.28 16.6 % 0.59 - 12.28 0.59
Q3 2013 9.12 2.5 % 0.43 - 9.12 0.43
Q4 2013 7.53 64.7 % 0.36 - 7.53 0.36
Q1 2014 23.77 262.9 % 1.13 7.90 15.87 0.76
Q2 2014 1.32 (89.3 %) 0.06 13.12 (11.81) (0.56)
Q3 2014 13.85 51.9 % 0.66 4.65 9.20 0.44
Q4 2014 (31.99) (524.7 %) (1.53) (0.83) (31.16) (1.49)
Q1 2015 4.74 (80.1 %) 0.23 - 4.74 0.23
Q2 2015 12.53 852.3 % 0.60 - 12.53 0.60
Q3 2015 (11.60) (183.7 %) (0.55) - (11.60) (0.55)
Q4 2015 (24.62) 23.0 % (1.17) (14.61) (10.01) (0.48)
Q1 2016 (8.56) (280.7 %) (0.41) - (8.56) (0.41)
Q2 2016 8.09 (35.5 %) 0.39 (4.87) 12.96 0.62
Q3 2016 (7.74) 33.2 % (0.37) (9.26) 1.51 0.07
Q4 2016 8.25 133.5 % 0.39 18.19 (9.94) (0.47)
2016 0.04 100.2 % 0.00 4.07 (4.03) (0.19)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2007 13.80 % 3.79 % (3.99 %)
Q2 2007 13.71 % 2.96 % (4.30 %)
Q3 2007 13.42 % 2.23 % (5.29 %)
Q4 2007 16.50 % - 3.64 %
Q1 2008 19.54 % - 5.38 %
Q2 2008 20.17 % - 5.59 %
Q3 2008 20.01 % - 4.93 %
Q4 2008 18.74 % 6.91 % (2.21 %)
Q1 2009 17.28 % 5.52 % (2.84 %)
Q2 2009 17.55 % 5.13 % (1.24 %)
Q3 2009 19.59 % 6.24 % 0.91 %
Q4 2009 21.70 % 6.73 % (1.56 %)
Q1 2010 23.95 % 8.97 % (0.26 %)
Q2 2010 24.63 % 9.21 % (0.90 %)
Q3 2010 26.20 % 9.99 % 1.30 %
Q4 2010 23.86 % 6.85 % (2.41 %)
Q1 2011 24.25 % 7.41 % (0.60 %)
Q2 2011 23.96 % 8.26 % 1.77 %
Q3 2011 25.43 % 10.24 % 4.13 %
Q4 2011 26.13 % 12.45 % 8.19 %
Q1 2012 27.51 % 13.92 % 9.48 %
Q2 2012 29.47 % 15.73 % 11.00 %
Q3 2012 28.97 % 14.70 % 9.91 %
Q4 2012 30.11 % 15.19 % 10.54 %
Q1 2013 29.78 % 13.90 % 9.58 %
Q2 2013 30.38 % 13.51 % 10.03 %
Q3 2013 30.94 % 13.32 % 10.04 %
Q4 2013 31.27 % 12.94 % 11.10 %
Q1 2014 31.41 % 12.14 % 14.22 %
Q2 2014 30.70 % 9.94 % 6.56 %
Q3 2014 29.64 % 8.60 % 6.57 %
Q4 2014 28.08 % 7.04 % (5.66 %)
Q1 2015 28.31 % 7.76 % (9.08 %)
Q2 2015 29.18 % 9.66 % (1.44 %)
Q3 2015 30.50 % 10.65 % (7.86 %)
Q4 2015 30.50 % 10.04 % (1.33 %)
2015 30.50 % 10.04 % (1.33 %)
Q1 2016 29.40 % 7.96 % (5.62 %)
Q2 2016 27.19 % 5.63 % (5.72 %)
Q3 2016 25.18 % 4.04 % (1.45 %)
Q4 2016 25.80 % 4.40 % (1.55 %)
2016 25.80 % 4.40 % (1.55 %)


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 20.97 (0.84) (0.84) 10.39
Q2 2007 20.97 (0.85) (0.85) 9.83
Q3 2007 20.97 (0.93) (0.93) 10.97
Q4 2007 20.97 0.56 0.56 17.28
Q1 2008 20.97 0.69 0.69 17.73
Q2 2008 20.97 0.67 0.67 17.65
Q3 2008 20.97 0.60 0.60 13.92
Q4 2008 20.97 (0.26) (0.26) 11.18
Q1 2009 20.97 (0.33) (0.33) 11.71
Q2 2009 20.97 (0.14) (0.14) 12.91
Q3 2009 20.97 0.10 0.10 13.88
Q4 2009 20.97 (0.17) (0.17) 13.86
Q1 2010 20.97 (0.03) (0.03) 14.71
Q2 2010 20.97 4.75 (0.10) 15.10
Q3 2010 20.97 5.20 0.14 15.90
Q4 2010 20.97 4.80 (0.27) 15.42
Q1 2011 20.97 4.99 (0.07) 15.63
Q2 2011 20.97 0.44 0.22 15.90
Q3 2011 20.97 0.56 0.55 16.17
Q4 2011 20.97 1.17 1.17 16.13
Q1 2012 20.97 1.41 1.41 16.56
Q2 2012 20.97 1.64 1.64 17.08
Q3 2012 20.97 1.49 1.49 17.48
Q4 2012 20.97 1.58 1.58 17.66
Q1 2013 20.97 1.46 1.46 17.88
Q2 2013 20.97 1.54 1.54 18.46
Q3 2013 20.97 1.55 1.55 18.90
Q4 2013 20.97 1.69 1.69 19.26
Q1 2014 20.97 2.51 2.14 20.21
Q2 2014 20.97 1.99 0.99 20.43
Q3 2014 20.97 2.22 0.99 21.10
Q4 2014 20.97 0.33 (0.85) 19.56
Q1 2015 20.97 (0.58) (1.38) 19.73
Q2 2015 20.97 (0.04) (0.22) 20.32
Q3 2015 20.97 (1.25) (1.22) 19.74
Q4 2015 20.97 (0.90) (0.21) 18.57
Q1 2016 20.97 (1.54) (0.84) 17.93
Q2 2016 20.97 (1.75) (0.82) 18.27
Q3 2016 20.97 (1.57) (0.20) 17.88
Q4 2016 20.97 0.00 (0.19) 17.25

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2007 NEG NEG 4.93
Q2 2007 NEG NEG 4.93
Q3 2007 NEG NEG 5.29
Q4 2007 More than 100 More than 100 3.99
Q1 2008 70.30 70.30 2.73
Q2 2008 68.04 68.04 2.59
Q3 2008 48.10 48.10 2.06
Q4 2008 NEG NEG 1.81
Q1 2009 NEG NEG 1.98
Q2 2009 NEG NEG 2.12
Q3 2009 More than 100 More than 100 1.91
Q4 2009 NEG NEG 1.80
Q1 2010 NEG NEG 1.66
Q2 2010 5.12 NEG 1.61
Q3 2010 4.54 More than 100 1.49
Q4 2010 5.26 NEG 1.64
Q1 2011 5.99 NEG 1.91
Q2 2011 90.82 More than 100 2.53
Q3 2011 63.84 64.11 2.19
Q4 2011 32.68 32.68 2.38
Q1 2012 59.96 59.96 5.09
Q2 2012 24.73 24.73 2.37
Q3 2012 31.22 31.22 2.65
Q4 2012 28.15 28.15 2.52
Q1 2013 35.05 35.05 2.85
Q2 2013 27.39 27.39 2.28
Q3 2013 28.52 28.52 2.34
Q4 2013 31.96 31.96 2.81
Q1 2014 23.20 27.29 2.88
Q2 2014 28.68 57.77 2.79
Q3 2014 27.48 61.41 2.89
Q4 2014 More than 100 NEG 2.05
Q1 2015 NEG NEG 2.56
Q2 2015 NEG NEG 2.33
Q3 2015 NEG NEG 1.66
Q4 2015 NEG NEG 2.08
Q1 2016 NEG NEG 1.49
Q2 2016 NEG NEG 1.56
Q3 2016 NEG NEG 1.18
Q4 2016 More than 100 NEG 1.63

Business Segments (Million)

Compared With The
Period Mattresses & sponge sector Sanitary ware segment Sheet Iron Other unallocated amounts
Q1 2013 68.42 11.38 - -
Q2 2013 70.01 14.88 - -
Q3 2013 72.99 13.35 - -
Q4 2013 56.96 11.75 - -
Q1 2014 63.66 11.41 - -
Q2 2014 71.48 14.18 - -
Q3 2014 75.80 11.31 - -
Q4 2014 56.93 11.16 - -
Q1 2015 68.29 10.72 - -
Q2 2015 81.05 11.45 - -
Q3 2015 73.64 11.06 - -
Q4 2015 60.17 9.16 - -
Q1 2016 57.68 9.51 - 0.25
Q2 2016 70.76 8.96 - -
Q3 2016 60.75 6.30 - -
Q4 2016 39.54 6.05 - -


Financial Ratios
Current
Market Cap (M Riyal) 463.80
Enterprise Value (EV) (M Riyal) 507.43
Shares Outstanding ((M)) 30.00
EPS ( Riyal) (TTM) (1.08)
Book Value (BV) ( Riyal) 2.24
Par Value ( Riyal) 10.00
Recurring P/E Neg
P/E (TTM) NEG
Price/book 9.85
Return on Average Assets (%) (TTM) (12.81 )
Return on Average Equity (%) (TTM) (37.91 )
EV/adj EBITDA (37.37)
EV/Revenues 4.44
more

Share Price

Saudi Industrial Development Co.
15.46
(0.41) (2.58 %)

Saudi Industrial Development Co. (SIDC)

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.