Aseer posts SAR 20.7 mln profit in Q1

09/05/2017 Argaam Exclusive

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Aseer Trading, Tourism and Manufacturing Co. reported a net profit of SAR 20.7 million for Q1 2017, versus net losses of SAR 50.6 million in Q1 2016, driven by higher operating income, and lower selling and distribution expenses.

On a sequential basis, the company swung to profit in Q1, against net losses of SAR 96.3 million in Q4 2016, due to higher gross income and decreased selling and distribution expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2016 Q1 2017 Change‬
Revenues 555.73 456.77 (17.8 %)
Gross Income 182.18 154.71 (15.1 %)
Operating Income 45.96 37.42 (18.6 %)
Net Income (50.65) 20.69 140.9 %
Average Shares 126.39 126.39 -
EPS (Riyals) (0.40) 0.16 140.9 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2008 397.39 10.6 % 95.82 4.5 % (77.18) (193.1 %) (0.61)
Q2 2008 472.00 28.7 % 111.63 15.4 % 17.04 (69.9 %) 0.13
Q3 2008 428.97 20.7 % 97.62 7.0 % (158.81) (264.8 %) (1.26)
Q4 2008 428.66 7.0 % 113.21 23.7 % (215.05) (269.1 %) (1.70)
Q1 2009 439.73 10.7 % 109.19 14.0 % 12.88 116.7 % 0.10
Q2 2009 438.15 (7.2 %) 128.67 15.3 % 21.17 24.2 % 0.17
Q3 2009 384.21 (10.4 %) 109.69 12.4 % 15.14 109.5 % 0.12
Q4 2009 450.76 5.2 % 128.99 13.9 % 30.59 114.2 % 0.24
Q1 2010 491.37 11.7 % 135.70 24.3 % 20.38 58.2 % 0.16
Q2 2010 492.03 12.3 % 150.32 16.8 % 25.57 20.8 % 0.20
Q3 2010 442.40 15.1 % 133.16 21.4 % 15.10 (0.2 %) 0.12
Q4 2010 502.15 11.4 % 145.57 12.9 % 23.80 (22.2 %) 0.19
Q1 2011 480.90 (2.1 %) 135.78 0.1 % 24.68 21.1 % 0.20
Q2 2011 523.09 6.3 % 149.94 (0.3 %) 30.57 19.6 % 0.24
Q3 2011 494.99 11.9 % 130.29 (2.2 %) 20.25 34.1 % 0.16
Q4 2011 505.24 0.6 % 154.29 6.0 % 23.28 (2.2 %) 0.18
Q1 2012 522.07 8.6 % 150.73 11.0 % 29.99 21.5 % 0.24
Q2 2012 532.01 1.7 % 160.59 7.1 % 22.13 (27.6 %) 0.18
Q3 2012 536.54 8.4 % 157.11 20.6 % 25.10 23.9 % 0.20
Q4 2012 530.27 5.0 % 169.41 9.8 % 33.85 45.4 % 0.27
Q1 2013 576.88 10.5 % 186.60 23.8 % 33.39 11.3 % 0.26
Q2 2013 577.62 8.6 % 176.47 9.9 % 29.14 31.6 % 0.23
Q3 2013 561.28 4.6 % 157.30 0.1 % 28.87 15.0 % 0.23
Q4 2013 571.16 7.7 % 163.70 (3.4 %) 40.57 19.9 % 0.32
Q1 2014 601.46 4.3 % 185.05 (0.8 %) 52.73 57.9 % 0.42
Q2 2014 624.98 8.2 % 187.07 6.0 % 64.37 120.9 % 0.51
Q3 2014 607.08 8.2 % 173.79 10.5 % 32.92 14.0 % 0.26
Q4 2014 604.72 5.9 % 193.67 18.3 % 36.24 (10.7 %) 0.29
Q1 2015 593.14 (1.4 %) 183.85 (0.6 %) 60.46 14.7 % 0.48
Q2 2015 580.59 (7.1 %) 181.00 (3.2 %) 64.87 0.8 % 0.51
Q3 2015 553.97 (8.7 %) 178.11 2.5 % 22.47 (31.7 %) 0.18
Q4 2015 444.00 (26.6 %) 165.73 (14.4 %) 12.54 (65.4 %) 0.10
Q1 2016 555.73 (6.3 %) 182.18 (0.9 %) (50.65) (183.8 %) (0.40)
Q2 2016 502.82 (13.4 %) 161.28 (10.9 %) 15.60 (75.9 %) 0.12
Q3 2016 519.22 (6.3 %) 162.50 (8.8 %) (48.10) (314.1 %) (0.38)
Q4 2016 506.19 14.0 % 162.02 (2.2 %) (79.15) (731.4 %) (0.63)
Q1 2017 456.77 (17.8 %) 154.71 (15.1 %) 20.69 140.9 % 0.16

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2008 24.69 % 8.47 % 13.35 %
Q2 2008 24.00 % 7.99 % 10.05 %
Q3 2008 23.34 % 7.85 % (5.40 %)
Q4 2008 24.22 % 8.52 % (25.13 %)
Q1 2009 24.40 % 8.59 % (19.44 %)
Q2 2009 25.85 % 9.44 % (19.58 %)
Q3 2009 27.25 % 10.23 % (9.81 %)
Q4 2009 27.82 % 10.12 % 4.66 %
Q1 2010 28.51 % 10.72 % 4.95 %
Q2 2010 28.86 % 10.93 % 5.04 %
Q3 2010 29.21 % 11.01 % 4.88 %
Q4 2010 29.29 % 11.52 % 4.40 %
Q1 2011 29.46 % 11.31 % 4.65 %
Q2 2011 28.97 % 10.77 % 4.83 %
Q3 2011 28.06 % 10.32 % 4.96 %
Q4 2011 28.45 % 9.83 % 4.93 %
Q1 2012 28.61 % 9.75 % 5.09 %
Q2 2012 29.01 % 10.19 % 4.66 %
Q3 2012 29.71 % 10.87 % 4.80 %
Q4 2012 30.07 % 11.68 % 5.24 %
Q1 2013 30.96 % 12.33 % 5.26 %
Q2 2013 31.04 % 12.37 % 5.47 %
Q3 2013 30.71 % 11.85 % 5.58 %
Q4 2013 29.91 % 11.74 % 5.77 %
Q1 2014 29.53 % 11.22 % 6.55 %
Q2 2014 29.38 % 10.99 % 7.91 %
Q3 2014 29.51 % 11.11 % 7.93 %
Q4 2014 30.33 % 11.16 % 8.66 %
Q1 2015 30.39 % 11.42 % 8.87 %
Q2 2015 30.70 % 11.52 % 8.82 %
Q3 2015 31.58 % 11.78 % 8.30 %
Q4 2015 32.63 % 12.07 % 7.72 %
Q1 2016 33.13 % 12.07 % 4.56 %
Q2 2016 33.42 % 11.43 % 2.62 %
Q3 2016 33.22 % 10.53 % 0.81 %
Q4 2016 32.05 % 9.63 % 1.47 %
Q1 2017 32.27 % 9.85 % 3.25 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2008 126.39 1.61 1.61 24.55
Q2 2008 126.39 1.29 1.29 24.82
Q3 2008 126.39 (0.73) (0.73) 21.53
Q4 2008 126.39 (3.43) (3.43) 18.30
Q1 2009 126.39 (2.72) (2.72) 18.28
Q2 2009 126.39 (2.69) (2.69) 19.01
Q3 2009 126.39 (1.31) (1.31) 19.21
Q4 2009 126.39 0.63 0.63 19.11
Q1 2010 126.39 0.69 0.69 19.40
Q2 2010 126.39 0.73 0.73 18.19
Q3 2010 126.39 0.73 0.73 18.16
Q4 2010 126.39 0.67 0.67 18.12
Q1 2011 126.39 0.71 0.71 18.21
Q2 2011 126.39 0.74 0.74 18.03
Q3 2011 126.39 0.79 0.79 17.55
Q4 2011 126.39 0.78 0.78 17.93
Q1 2012 126.39 0.82 0.82 20.62
Q2 2012 126.39 0.76 0.76 18.39
Q3 2012 126.39 0.80 0.80 18.82
Q4 2012 126.39 0.88 0.88 19.08
Q1 2013 126.39 0.91 0.91 19.55
Q2 2013 126.39 0.96 0.96 18.92
Q3 2013 126.39 0.99 0.99 19.61
Q4 2013 126.39 1.04 1.04 20.37
Q1 2014 126.39 1.20 1.20 22.05
Q2 2014 126.39 1.48 1.48 21.10
Q3 2014 126.39 1.51 1.51 22.42
Q4 2014 126.39 1.47 1.67 20.64
Q1 2015 126.39 1.53 1.71 21.25
Q2 2015 126.39 1.54 1.66 21.29
Q3 2015 126.39 1.46 1.53 19.86
Q4 2015 126.39 1.27 1.33 19.95
Q1 2016 126.39 0.39 0.77 19.98
Q2 2016 126.39 0.00 0.43 19.20
Q3 2016 126.39 (0.56) 0.13 18.07
Q4 2016 126.39 (1.28) 0.24 18.53
Q1 2017 126.39 (0.72) 0.51 18.60

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2008 21.96 21.96 1.44
Q2 2008 24.57 24.57 1.28
Q3 2008 NEG NEG 0.83
Q4 2008 NEG NEG 0.54
Q1 2009 NEG NEG 0.63
Q2 2009 NEG NEG 0.78
Q3 2009 NEG NEG 0.84
Q4 2009 24.08 24.08 0.80
Q1 2010 22.88 22.88 0.81
Q2 2010 17.92 17.92 0.71
Q3 2010 18.13 18.13 0.72
Q4 2010 20.18 20.18 0.75
Q1 2011 18.71 18.71 0.72
Q2 2011 18.06 18.06 0.75
Q3 2011 15.34 15.34 0.69
Q4 2011 19.96 19.96 0.87
Q1 2012 27.14 27.14 1.08
Q2 2012 20.41 20.41 0.84
Q3 2012 20.81 20.81 0.88
Q4 2012 18.83 18.83 0.87
Q1 2013 19.16 19.16 0.89
Q2 2013 18.47 18.47 0.94
Q3 2013 19.27 19.27 0.97
Q4 2013 22.27 22.27 1.14
Q1 2014 21.30 21.30 1.16
Q2 2014 20.60 20.60 1.44
Q3 2014 23.36 23.36 1.57
Q4 2014 16.05 14.15 1.15
Q1 2015 17.61 15.85 1.27
Q2 2015 18.39 17.00 1.33
Q3 2015 14.83 14.10 1.09
Q4 2015 18.49 17.68 1.18
Q1 2016 54.48 27.53 1.06
Q2 2016 NEG 43.35 0.96
Q3 2016 NEG More than 100 0.72
Q4 2016 NEG 74.17 0.97
Q1 2017 NEG 34.31 0.94

Business Segments (Million)

Compared With The
Period The industrial sector Investments
Q1 2016 555.73 (34.49)
Q2 2016 502.82 (7.49)
Q3 2016 519.22 (37.59)
Q4 2016 506.19 (72.55)
Q1 2017 456.77 13.95

Current
Market Cap (M Riyal) 1,617.78
Enterprise Value (EV) (M) 2,421.32
Shares Outstanding ((M)) 126.39
EPS ( Riyal) (TTM) (0.99)
Book Value (BV) ( Riyal) 8.27
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.55
Return on Average Assets (%) (TTM) (4.82 )
Return on Average Equity (%) (TTM) (11.18 )

Share Price

12.80
0.24 1.91 %

Sinad Holding Co. (SINAD HOLDING)


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