Najran cement posts higher net profit at SAR 177.8m in I3 of 2013

30/09/2013 Argaam Exclusive

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Share Price

9.86
0.02 0.20 %

Najran Cement Co. (NAJRAN CEMENT)

Najran cement company, reported SAR 177.8m net profit in I3 of 2013, a 23% increase compared to the same period last year, as shown in the following table:



Financials (M)

Item 9m 2012 9m 2013 Change‬
Revenues 454.63 505.28 11.1 %
Gross Income 209.77 221.46 5.6 %
Operating Income 184.31 196.85 6.8 %
Net Income 143.41 177.76 24.0 %
Average Shares 170.00 170.00 -
EPS (Riyals) 0.84 1.05 24.0 %


Current Quarter Comparison (M)

Compared With The
Item Q3 2012 Q3 2013 Change‬
Revenues 113.46 111.83 (1.4 %)
Gross Income 52.30 36.63 (30.0 %)
Operating Income 45.31 27.25 (39.9 %)
Net Income 36.20 26.56 (26.6 %)
Average Shares 170.00 170.00 -
EPS (Riyals) 0.21 0.16 (26.6 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2004 - - - - - - -
Q2 2004 - - - - - - -
Q3 2004 - - - - - - -
Q4 2004 - - - - - - -
Q1 2005 - - - - - - -
Q2 2005 - - - - - - -
Q3 2005 - - - - - - -
Q4 2005 - - - - - - -
Q1 2006 - - - - - - -
Q2 2006 - - - - - - -
Q3 2006 - - - - - - -
Q4 2006 - - - - - - -
Q1 2007 - - - - - - -
Q2 2007 - - - - - - -
Q3 2007 - - - - - - -
Q4 2007 - - - - - - -
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 179.94 - 82.21 - 68.24 - 0.56
Q2 2011 201.95 - 97.05 - 78.11 - 0.64
Q3 2011 159.26 - 93.29 - 83.32 - 0.68
Q4 2011 156.46 - 20.75 - 4.96 - 0.04
Q1 2012 187.09 4.0 % 93.81 14.1 % 80.62 18.1 % 0.66
Q2 2012 154.08 (23.7 %) 63.67 (34.4 %) 26.58 (66.0 %) 0.16
Q3 2012 113.46 (28.8 %) 52.30 (43.9 %) 36.20 (56.6 %) 0.21
Q4 2012 158.72 1.4 % 67.71 226.3 % 58.83 1087.0 % 0.35
Q1 2013 216.62 15.8 % 102.86 9.7 % 87.54 8.6 % 0.51
Q2 2013 176.83 14.8 % 81.97 28.7 % 63.66 139.5 % 0.37
Q3 2013 111.83 (1.4 %) 36.63 (30.0 %) 26.56 (26.6 %) 0.16

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
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 42.04 % 49.27 % 33.80 %
Q1 2012 43.26 % 50.20 % 35.21 %
Q2 2012 41.33 % 48.64 % 29.76 %
Q3 2012 37.72 % 45.27 % 24.28 %
Q4 2012 45.24 % 54.04 % 32.97 %
Q1 2013 44.57 % 52.88 % 32.53 %
Q2 2013 45.80 % 54.13 % 36.99 %
Q3 2013 43.55 % 51.59 % 35.63 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2004 - - - -
Q2 2004 - - - -
Q3 2004 - - - -
Q4 2004 - - - -
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 - - - -
Q4 2006 - - - -
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
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 121.90 - - 10.38
Q2 2011 121.90 - - 10.52
Q3 2011 121.90 - - 10.62
Q4 2011 121.90 1.92 1.93 10.03
Q1 2012 121.90 2.03 2.04 10.70
Q2 2012 170.00 1.15 1.15 10.65
Q3 2012 170.00 0.87 0.87 10.37
Q4 2012 170.00 1.19 1.19 10.71
Q1 2013 170.00 1.23 1.23 10.67
Q2 2013 170.00 1.45 1.45 11.05
Q3 2013 170.00 1.39 1.39 10.60

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
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 18.87 18.87 2.04
Q3 2012 23.89 23.89 2.01
Q4 2012 15.89 15.89 1.77
Q1 2013 18.57 18.57 2.14
Q2 2013 18.57 18.57 2.44
Q3 2013 18.97 18.97 2.49

Current
Market Cap (M Riyal) 1,676.20
Enterprise Value (EV) (M) 2,009.02
Shares Outstanding ((M)) 170.00
EPS ( Riyal) (TTM) 0.41
Book Value (BV) ( Riyal) 11.78
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 24.14
P/E (TTM) 24.14
Price/book 0.84
Return on Average Assets (%) (TTM) 2.8
Return on Average Equity (%) (TTM) 3.5

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