Al Sorayi cuts losses by 40% to SAR 3 mln in Q1-2015

20/04/2015 Argaam Exclusive

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Naseej International Trading Co. (NASEEJ)

Al Sorayai Group, a manufacturer of rugs, carpets, curtain fabrics and nylon yarn, reported a net loss of SAR 2.9 million for first quarter, 40 percent lower compared to the same period in 2014.

The company narrowed losses on lower selling prices, higher production costs and provisions, inventory offloading and off-season discounts.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2014	Q1 2015	Change‬
Revenues	214.93	210.96	(1.8 %)
Gross Income	42.47	42.03	(1.0 %)
Operating Income	(2.39)	(0.87)	63.4 %
Net Income	(4.77)	(2.89)	39.4 %
Average Shares	5.93	5.93	-
EPS (Riyals)	(0.80)	(0.49)	39.4 %

Item	Q4 2014	Q1 2015	Change‬
Revenues	209.17	210.96	0.9 %
Gross Income	28.50	42.03	47.5 %
Operating Income	(23.19)	(0.87)	96.2 %
Net Income	(29.70)	(2.89)	90.3 %
Average Shares	5.93	5.93	-
EPS (Riyals)	(5.01)	(0.49)	90.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	-	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-	-
2006	555.05	-	115.86	-	67.64	-	11.41
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	840.87	51.5 %	212.48	83.4 %	84.42	24.8 %	14.24
Q1 2008	-	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-	-
2008	937.01	11.4 %	233.45	9.9 %	73.86	(12.5 %)	12.46
Q1 2009	210.09	-	51.88	-	13.17	-	2.22
Q2 2009	227.61	-	72.24	-	22.97	-	3.88
Q3 2009	251.05	-	74.49	-	21.93	-	3.70
Q4 2009	254.00	-	63.87	-	22.19	-	3.74
2009	942.75	0.6 %	262.48	12.4 %	80.24	8.6 %	13.54
Q1 2010	198.88	(5.3 %)	50.71	(2.3 %)	13.12	(0.4 %)	2.21
Q2 2010	238.61	4.8 %	72.37	0.2 %	25.14	9.4 %	4.24
Q3 2010	237.77	(5.3 %)	63.21	(15.1 %)	9.75	(55.5 %)	1.64
Q4 2010	231.75	(8.8 %)	68.43	7.1 %	27.99	26.1 %	4.72
2010	907.01	(3.8 %)	254.71	(3.0 %)	75.99	(5.3 %)	12.82
Q1 2011	188.58	(5.2 %)	51.38	1.3 %	12.20	(7.0 %)	2.06
Q2 2011	235.49	(1.3 %)	66.50	(8.1 %)	19.47	(22.6 %)	3.28
Q3 2011	232.22	(2.3 %)	56.36	(10.8 %)	11.18	14.7 %	1.89
Q4 2011	214.26	(7.5 %)	53.30	(22.1 %)	(7.27)	(126.0 %)	(1.23)
2011	870.55	(4.0 %)	222.84	(12.5 %)	35.12	(53.8 %)	5.93
Q1 2012	221.74	17.6 %	58.60	14.1 %	10.49	(14.0 %)	1.77
Q2 2012	259.66	10.3 %	69.96	5.2 %	16.68	(14.3 %)	2.81
Q3 2012	241.97	4.2 %	72.05	27.8 %	16.34	46.2 %	2.76
Q4 2012	232.75	8.6 %	55.72	4.5 %	9.07	224.8 %	1.53
2012	956.11	9.8 %	256.34	15.0 %	52.57	49.7 %	8.87
Q1 2013	220.90	(0.4 %)	56.05	(4.3 %)	10.55	0.6 %	1.78
Q2 2013	229.80	(11.5 %)	49.41	(29.4 %)	7.72	(53.7 %)	1.30
Q3 2013	200.39	(17.2 %)	58.35	(19.0 %)	(6.86)	(142.0 %)	(1.16)
Q4 2013	215.14	(7.6 %)	42.90	(23.0 %)	1.67	(81.6 %)	0.28
2013	866.22	(9.4 %)	206.71	(19.4 %)	13.07	(75.1 %)	2.21
Q1 2014	214.93	(2.7 %)	42.47	(24.2 %)	(4.77)	(145.2 %)	(0.80)
Q2 2014	221.03	(3.8 %)	51.14	3.5 %	6.09	(21.1 %)	1.03
Q3 2014	199.54	(0.4 %)	48.04	(17.7 %)	(1.14)	83.4 %	(0.19)
Q4 2014	209.17	(2.8 %)	28.50	(33.6 %)	(29.70)	(1878.4 %)	(5.01)
2014	844.67	(2.5 %)	171.43	(17.1 %)	(29.52)	(325.8 %)	(4.98)
Q1 2015	210.96	(1.8 %)	42.03	(1.0 %)	(2.89)	39.4 %	(0.49)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	-	-	-	-	-	-	-
2006	555.05	-	115.86	-	67.64	-	11.41
2007	840.87	51.5 %	212.48	83.4 %	84.42	24.8 %	14.24
2008	937.01	11.4 %	233.45	9.9 %	73.86	(12.5 %)	12.46
2009	942.75	0.6 %	262.48	12.4 %	80.24	8.6 %	13.54
2010	907.01	(3.8 %)	254.71	(3.0 %)	75.99	(5.3 %)	12.82
2011	870.55	(4.0 %)	222.84	(12.5 %)	35.12	(53.8 %)	5.93
2012	956.11	9.8 %	256.34	15.0 %	52.57	49.7 %	8.87
2013	866.22	(9.4 %)	206.71	(19.4 %)	13.07	(75.1 %)	2.21
2014	844.67	(2.5 %)	171.43	(17.1 %)	(29.52)	(325.8 %)	(4.98)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	20.87 %	17.61 %	12.19 %
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	25.27 %	15.05 %	10.04 %
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	24.91 %	13.63 %	7.88 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	27.84 %	14.11 %	8.51 %
2009	27.84 %	14.11 %	8.51 %
Q1 2010	28.05 %	13.80 %	8.61 %
Q2 2010	27.74 %	13.68 %	8.74 %
Q3 2010	26.92 %	13.15 %	7.55 %
Q4 2010	28.08 %	14.52 %	8.38 %
2010	28.08 %	14.52 %	8.38 %
Q1 2011	28.48 %	14.93 %	8.37 %
Q2 2011	27.92 %	14.80 %	7.77 %
Q3 2011	27.33 %	14.37 %	7.98 %
Q4 2011	26.14 %	10.37 %	4.09 %
2011	25.60 %	10.26 %	4.03 %
Q1 2012	25.98 %	10.05 %	3.75 %
Q2 2012	25.67 %	9.25 %	3.35 %
Q3 2012	27.08 %	9.71 %	3.87 %
Q4 2012	26.81 %	11.13 %	5.50 %
2012	26.81 %	11.13 %	5.50 %
Q1 2013	26.57 %	11.10 %	5.51 %
Q2 2013	25.20 %	10.21 %	4.72 %
Q3 2013	24.84 %	9.86 %	2.32 %
Q4 2013	23.86 %	8.56 %	1.51 %
2013	23.86 %	8.56 %	1.51 %
Q1 2014	22.45 %	6.85 %	(0.26 %)
Q2 2014	22.88 %	6.48 %	(0.46 %)
Q3 2014	21.70 %	5.73 %	0.25 %
Q4 2014	20.14 %	3.63 %	(2.86 %)
2014	20.30 %	3.79 %	(2.86 %)
Q1 2015	20.19 %	3.81 %	(2.70 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	-	-	-
2006	20.87 %	17.61 %	12.19 %
2007	25.27 %	15.05 %	10.04 %
2008	24.91 %	13.63 %	7.88 %
2009	27.84 %	14.11 %	8.51 %
2010	28.08 %	14.52 %	8.38 %
2011	25.60 %	10.26 %	4.03 %
2012	26.81 %	11.13 %	5.50 %
2013	23.86 %	8.56 %	1.51 %
2014	20.30 %	3.79 %	(2.86 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	24.69 %	12.64 %	6.27 %
Q2 2009	31.74 %	16.47 %	10.09 %
Q3 2009	29.67 %	13.69 %	8.73 %
Q4 2009	25.15 %	13.63 %	8.74 %
Q1 2010	25.50 %	11.09 %	6.60 %
Q2 2010	30.33 %	15.86 %	10.53 %
Q3 2010	26.58 %	11.65 %	4.10 %
Q4 2010	29.53 %	19.04 %	12.08 %
Q1 2011	27.25 %	12.81 %	6.47 %
Q2 2011	28.24 %	15.38 %	8.27 %
Q3 2011	24.27 %	9.93 %	4.82 %
Q4 2011	24.88 %	3.19 %	(3.39 %)
Q1 2012	26.43 %	11.14 %	4.73 %
Q2 2012	26.94 %	12.03 %	6.42 %
Q3 2012	29.78 %	11.68 %	6.75 %
Q4 2012	23.94 %	9.56 %	3.90 %
Q1 2013	25.37 %	11.00 %	4.78 %
Q2 2013	21.50 %	8.55 %	3.36 %
Q3 2013	29.12 %	10.47 %	(3.43 %)
Q4 2013	19.94 %	4.30 %	0.78 %
Q1 2014	19.76 %	4.20 %	(2.22 %)
Q2 2014	23.14 %	7.21 %	2.75 %
Q3 2014	24.07 %	7.29 %	(0.44 %)
Q4 2014	13.63 %	(4.22 %)	(11.77 %)
Q1 2015	19.92 %	4.91 %	(1.54 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	5.93	-	-	54.92
Q2 2009	5.93	-	-	58.79
Q3 2009	5.93	-	-	60.80
Q4 2009	5.93	13.54	13.54	62.86
Q1 2010	5.93	13.53	13.53	64.23
Q2 2010	5.93	13.90	13.90	68.47
Q3 2010	5.93	11.84	11.84	70.12
Q4 2010	5.93	12.82	12.82	74.84
Q1 2011	5.93	12.67	12.67	71.84
Q2 2011	5.93	11.71	11.71	75.12
Q3 2011	5.93	11.95	11.95	77.01
Q4 2011	5.93	6.00	6.00	75.70
Q1 2012	5.93	5.71	5.71	77.47
Q2 2012	5.93	5.24	5.24	80.29
Q3 2012	5.93	6.11	6.11	83.04
Q4 2012	5.93	8.87	8.87	84.57
Q1 2013	5.93	8.88	8.88	86.35
Q2 2013	5.93	7.37	7.37	85.12
Q3 2013	5.93	3.45	3.45	83.97
Q4 2013	5.93	2.21	2.21	84.25
Q1 2014	5.93	(0.38)	(0.38)	83.44
Q2 2014	5.93	(0.65)	(0.65)	81.31
Q3 2014	5.93	0.31	0.36	81.11
Q4 2014	5.93	(4.98)	(4.08)	76.10
Q1 2015	5.93	(4.66)	(3.83)	75.62

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	-	-	-	-
2006	5.93	11.41	11.41	21.25
2007	5.93	14.24	14.24	51.00
2008	5.93	12.46	12.46	56.07
2009	5.93	13.54	13.54	62.86
2010	5.93	12.82	12.82	74.84
2011	5.93	5.93	5.93	75.70
2012	5.93	8.87	8.87	84.57
2013	5.93	2.21	2.21	84.25
2014	5.93	(4.98)	(4.08)	76.10

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	21.85	21.85	4.60
Q2 2010	17.08	17.08	3.47
Q3 2010	20.35	20.35	3.44
Q4 2010	16.49	16.49	2.82
Q1 2011	18.22	18.22	3.21
Q2 2011	18.29	18.29	2.85
Q3 2011	16.56	16.56	2.57
Q4 2011	36.44	36.44	2.89
Q1 2012	48.99	48.99	3.61
Q2 2012	38.17	38.17	2.49
Q3 2012	48.35	48.35	3.56
Q4 2012	26.07	26.07	2.73
Q1 2013	27.24	27.24	2.80
Q2 2013	30.66	30.66	2.65
Q3 2013	More than 50	More than 50	2.79
Q4 2013	More than 50	More than 50	2.96
Q1 2014	NEG	NEG	3.06
Q2 2014	NEG	NEG	3.37
Q3 2014	More than 50	More than 50	3.62
Q4 2014	NEG	NEG	2.48
Q1 2015	NEG	NEG	2.81

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	16.49	16.49	2.82
2011	36.91	36.91	2.89
2012	26.07	26.07	2.73
2013	More than 50	More than 50	2.96
2014	NEG	NEG	2.48

Financial Ratios

	Current
Market Cap (M Riyal)	833.85
Enterprise Value (EV) (M)	1,003.93
Shares Outstanding ((M))	10.90
EPS ( Riyal) (TTM)	(1.83)
Book Value (BV) ( Riyal)	8.28
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 50
P/E (TTM)	NEG
Price/book	9.24
Return on Average Assets (%) (TTM)	(5.01 )
Return on Average Equity (%) (TTM)	(19.93 )

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Al Sorayi cuts losses by 40% to SAR 3 mln in Q1-2015

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Share Price

Naseej International Trading Co. (NASEEJ)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

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Al Sorayi cuts losses by 40% to SAR 3 mln in Q1-2015

View other reports

Share Price

Naseej International Trading Co. (NASEEJ)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

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