SRMG post net loss at SAR 21.3m in I2 of 2014

30/06/2014 Argaam Exclusive

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Share Price

Saudi Research and Media Group (SRMG)

Saudi Research and Marketing Group, reported SAR 21.3m net loss at the end of the first half of 2014, compared to SAR 12.2m net profit in the same period last year, as shown in the following table:

Financials (M)

Item	6m 2013	6m 2014	Change‬
Revenues	818.47	877.99	7.3 %
Gross Income	230.37	212.12	(7.9 %)
Operating Income	69.54	14.89	(78.6 %)
Net Income	12.21	(21.34)	(274.9 %)
Average Shares	80.00	80.00	-
EPS (Riyals)	0.15	(0.27)	(274.9 %)

Current Quarter Comparison (M)

Compared With The

Item	Q2 2013	Q2 2014	Change‬
Revenues	418.02	463.96	11.0 %
Gross Income	129.11	113.33	(12.2 %)
Operating Income	49.76	23.64	(52.5 %)
Net Income	30.00	6.22	(79.3 %)
Average Shares	80.00	80.00	-
EPS (Riyals)	0.38	0.08	(79.3 %)

Item	Q1 2014	Q2 2014	Change‬
Revenues	414.02	463.96	12.1 %
Gross Income	98.79	113.33	14.7 %
Operating Income	(8.75)	23.64	370.2 %
Net Income	(27.56)	6.22	122.6 %
Average Shares	80.00	80.00	-
EPS (Riyals)	(0.34)	0.08	122.6 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2005	229.73	15.2 %	92.83	139.7 %	27.78	428.8 %	0.35
Q2 2005	291.95	26.0 %	117.85	35.9 %	56.59	95.4 %	0.71
Q3 2005	267.62	29.7 %	108.55	93.3 %	53.81	3527.2 %	0.67
Q4 2005	273.67	(12.3 %)	79.83	(9.5 %)	43.26	56.5 %	0.54
2005	1,062.97	12.0 %	399.06	47.9 %	181.44	289.6 %	2.27
Q1 2006	257.59	12.1 %	119.72	29.0 %	61.16	120.1 %	0.76
Q2 2006	324.03	11.0 %	157.51	33.6 %	90.49	59.9 %	1.13
Q3 2006	231.24	(13.6 %)	89.90	(17.2 %)	41.65	(22.6 %)	0.52
Q4 2006	264.35	(3.4 %)	108.53	36.0 %	68.29	57.9 %	0.85
2006	1,077.21	1.3 %	475.65	19.2 %	261.58	44.2 %	3.27
Q1 2007	245.46	(4.7 %)	107.47	(10.2 %)	55.94	(8.5 %)	0.70
Q2 2007	300.43	(7.3 %)	142.93	(9.3 %)	231.51	155.8 %	2.89
Q3 2007	237.78	2.8 %	80.14	(10.9 %)	27.20	(34.7 %)	0.34
Q4 2007	329.63	24.7 %	129.71	19.5 %	51.89	(24.0 %)	0.65
2007	1,113.30	3.4 %	460.25	(3.2 %)	366.54	40.1 %	4.58
Q1 2008	272.17	10.9 %	99.32	(7.6 %)	58.00	3.7 %	0.73
Q2 2008	325.69	8.4 %	154.01	7.7 %	87.70	(62.1 %)	1.10
Q3 2008	261.35	9.9 %	96.23	20.1 %	35.97	32.3 %	0.45
Q4 2008	483.02	46.5 %	153.77	18.6 %	42.78	(17.6 %)	0.53
2008	1,342.23	20.6 %	503.32	9.4 %	224.46	(38.8 %)	2.81
Q1 2009	259.97	(4.5 %)	80.13	(19.3 %)	20.50	(64.7 %)	0.26
Q2 2009	245.20	(24.7 %)	89.79	(41.7 %)	10.73	(87.8 %)	0.13
Q3 2009	248.26	(5.0 %)	77.66	(19.3 %)	3.26	(90.9 %)	0.04
Q4 2009	215.11	(55.5 %)	45.63	(70.3 %)	10.87	(74.6 %)	0.14
2009	968.53	(27.8 %)	293.21	(41.7 %)	45.36	(79.8 %)	0.57
Q1 2010	255.97	(1.5 %)	77.42	(3.4 %)	14.79	(27.8 %)	0.18
Q2 2010	279.52	14.0 %	96.90	7.9 %	35.30	229.1 %	0.44
Q3 2010	275.27	10.9 %	78.71	1.4 %	10.80	231.0 %	0.13
Q4 2010	256.07	19.0 %	79.08	73.3 %	23.54	116.5 %	0.29
2010	1,043.55	7.7 %	335.44	14.4 %	84.42	86.1 %	1.06
Q1 2011	250.37	(2.2 %)	80.08	3.4 %	15.05	1.8 %	0.19
Q2 2011	277.25	(0.8 %)	93.11	(3.9 %)	33.60	(4.8 %)	0.42
Q3 2011	276.95	0.6 %	79.20	0.6 %	8.77	(18.8 %)	0.11
Q4 2011	284.38	11.1 %	100.25	26.8 %	42.89	82.2 %	0.54
2011	1,080.40	3.5 %	349.95	4.3 %	100.31	18.8 %	1.25
Q1 2012	241.66	(3.5 %)	66.12	(17.4 %)	5.87	(61.0 %)	0.07
Q2 2012	272.33	(1.8 %)	98.06	5.3 %	24.83	(26.1 %)	0.31
Q3 2012	465.18	68.0 %	121.60	53.5 %	21.24	142.3 %	0.27
Q4 2012	422.02	48.4 %	110.13	9.8 %	66.30	54.6 %	0.83
2012	1,382.75	28.0 %	382.26	9.2 %	104.59	4.3 %	1.31
Q1 2013	400.45	65.7 %	101.26	53.1 %	(17.80)	(403.1 %)	(0.22)
Q2 2013	418.02	53.5 %	129.11	31.7 %	30.00	20.8 %	0.38
Q3 2013	467.45	0.5 %	115.17	(5.3 %)	1.14	(94.6 %)	0.01
Q4 2013	440.14	4.3 %	74.60	(32.3 %)	(43.56)	(165.7 %)	(0.54)
2013	1,726.06	24.8 %	420.13	9.9 %	(30.21)	(128.9 %)	(0.38)
Q1 2014	414.02	3.4 %	98.79	(2.4 %)	(27.56)	(54.8 %)	(0.34)
Q2 2014	463.96	11.0 %	113.33	(12.2 %)	6.22	(79.3 %)	0.08

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2004	949.38	21.7 %	269.79	26.0 %	46.57	223.9 %	0.58
2005	1,062.97	12.0 %	399.06	47.9 %	181.44	289.6 %	2.27
2006	1,077.21	1.3 %	475.65	19.2 %	261.58	44.2 %	3.27
2007	1,113.30	3.4 %	460.25	(3.2 %)	366.54	40.1 %	4.58
2008	1,342.23	20.6 %	503.32	9.4 %	224.46	(38.8 %)	2.81
2009	968.53	(27.8 %)	293.21	(41.7 %)	45.36	(79.8 %)	0.57
2010	1,043.55	7.7 %	335.44	14.4 %	84.42	86.1 %	1.06
2011	1,080.40	3.5 %	349.95	4.3 %	100.31	18.8 %	1.25
2012	1,382.75	28.0 %	382.26	9.2 %	104.59	4.3 %	1.31
2013	1,726.06	24.8 %	420.13	9.9 %	(30.21)	(128.9 %)	(0.38)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	33.06 %	19.15 %	12.61 %
Q2 2005	34.14 %	21.59 %	14.60 %
Q3 2005	37.00 %	26.23 %	18.51 %
Q4 2005	37.54 %	23.21 %	18.06 %
2005	37.54 %	23.21 %	18.06 %
Q1 2006	39.05 %	25.17 %	20.52 %
Q2 2006	41.46 %	28.59 %	23.80 %
Q3 2006	41.14 %	27.18 %	23.49 %
Q4 2006	44.16 %	27.55 %	25.76 %
2006	44.16 %	27.55 %	25.76 %
Q1 2007	43.51 %	26.68 %	25.56 %
Q2 2007	43.10 %	26.25 %	25.83 %
Q3 2007	41.89 %	25.03 %	24.28 %
Q4 2007	41.34 %	23.90 %	20.82 %
2007	41.34 %	23.90 %	20.82 %
Q1 2008	39.66 %	24.45 %	20.51 %
Q2 2008	39.75 %	24.23 %	19.29 %
Q3 2008	40.31 %	25.19 %	19.65 %
Q4 2008	37.50 %	21.54 %	16.72 %
2008	37.50 %	21.54 %	16.72 %
Q1 2009	36.40 %	19.64 %	13.81 %
Q2 2009	33.61 %	15.17 %	8.62 %
Q3 2009	32.46 %	13.77 %	5.67 %
Q4 2009	30.27 %	10.09 %	0.98 %
2009	30.27 %	10.09 %	0.98 %
Q1 2010	30.12 %	9.79 %	0.73 %
Q2 2010	29.79 %	11.72 %	3.07 %
Q3 2010	29.11 %	12.00 %	4.20 %
Q4 2010	31.13 %	14.76 %	7.91 %
2010	32.14 %	14.80 %	8.09 %
Q1 2011	31.55 %	15.05 %	7.98 %
Q2 2011	31.26 %	14.75 %	7.84 %
Q3 2011	31.25 %	14.55 %	7.63 %
Q4 2011	32.38 %	14.67 %	7.97 %
2011	32.39 %	14.72 %	8.04 %
Q1 2012	31.35 %	13.42 %	7.19 %
Q2 2012	31.96 %	13.21 %	6.41 %
Q3 2012	30.55 %	13.56 %	6.44 %
Q4 2012	28.25 %	12.27 %	8.44 %
2012	27.64 %	11.45 %	7.56 %
Q1 2013	27.63 %	12.36 %	7.32 %
Q2 2013	27.09 %	12.81 %	6.86 %
Q3 2013	26.68 %	11.88 %	5.66 %
Q4 2013	24.34 %	8.70 %	(0.74 %)
2013	24.34 %	8.70 %	(0.74 %)
Q1 2014	24.01 %	7.06 %	(2.44 %)
Q2 2014	22.51 %	5.50 %	(3.57 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2004	28.42 %	15.07 %	9.23 %
2005	37.54 %	23.21 %	18.06 %
2006	44.16 %	27.55 %	25.76 %
2007	41.34 %	23.90 %	20.82 %
2008	37.50 %	21.54 %	16.72 %
2009	30.27 %	10.09 %	0.98 %
2010	32.14 %	14.80 %	8.09 %
2011	32.39 %	14.72 %	8.04 %
2012	27.64 %	11.45 %	7.56 %
2013	24.34 %	8.70 %	(0.74 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	40.41 %	15.66 %	12.73 %
Q2 2005	40.37 %	21.22 %	19.38 %
Q3 2005	40.56 %	24.23 %	20.11 %
Q4 2005	29.17 %	30.66 %	19.11 %
Q1 2006	46.47 %	24.79 %	23.74 %
Q2 2006	48.61 %	33.47 %	30.85 %
Q3 2006	38.88 %	16.92 %	18.06 %
Q4 2006	41.05 %	32.30 %	28.20 %
Q1 2007	43.78 %	20.88 %	22.79 %
Q2 2007	47.58 %	32.49 %	32.20 %
Q3 2007	33.70 %	11.78 %	11.44 %
Q4 2007	39.35 %	27.06 %	15.74 %
Q1 2008	36.49 %	23.50 %	21.31 %
Q2 2008	47.29 %	31.06 %	26.93 %
Q3 2008	36.82 %	17.29 %	13.76 %
Q4 2008	31.84 %	16.31 %	8.86 %
Q1 2009	30.82 %	13.89 %	6.65 %
Q2 2009	36.62 %	12.04 %	4.76 %
Q3 2009	31.28 %	10.42 %	(0.65 %)
Q4 2009	21.21 %	2.87 %	(8.28 %)
Q1 2010	30.24 %	12.83 %	5.78 %
Q2 2010	34.67 %	18.67 %	12.63 %
Q3 2010	28.59 %	11.57 %	3.92 %
Q4 2010	30.88 %	15.83 %	9.19 %
Q1 2011	31.98 %	14.01 %	6.01 %
Q2 2011	33.58 %	17.58 %	12.12 %
Q3 2011	28.60 %	10.81 %	3.16 %
Q4 2011	35.25 %	16.17 %	10.34 %
Q1 2012	27.36 %	8.42 %	2.43 %
Q2 2012	36.01 %	16.80 %	9.12 %
Q3 2012	26.14 %	12.75 %	4.57 %
Q4 2012	26.10 %	11.03 %	15.71 %
Q1 2013	25.29 %	10.29 %	0.47 %
Q2 2013	30.89 %	17.07 %	6.60 %
Q3 2013	24.64 %	9.36 %	0.20 %
Q4 2013	16.95 %	(1.41 %)	(9.83 %)
Q1 2014	23.86 %	3.37 %	(6.68 %)
Q2 2014	24.43 %	10.08 %	1.35 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	80.00	1.04	1.54	10.24
Q2 2005	80.00	1.38	1.90	10.42
Q3 2005	80.00	2.07	2.55	11.08
Q4 2005	80.00	2.27	2.40	11.57
Q1 2006	80.00	2.69	2.80	12.32
Q2 2006	80.00	3.11	3.34	13.49
Q3 2006	80.00	2.96	3.19	14.04
Q4 2006	80.00	3.27	3.47	14.94
Q1 2007	80.00	3.20	3.40	13.63
Q2 2007	80.00	4.97	3.36	16.54
Q3 2007	80.00	4.79	3.18	16.92
Q4 2007	80.00	4.58	2.90	17.51
Q1 2008	80.00	4.61	2.92	15.22
Q2 2008	80.00	2.81	2.81	16.32
Q3 2008	80.00	2.92	2.92	16.71
Q4 2008	80.00	2.81	2.81	17.20
Q1 2009	80.00	2.34	2.30	15.41
Q2 2009	80.00	1.37	1.35	15.65
Q3 2009	80.00	0.97	0.88	15.66
Q4 2009	80.00	0.57	0.12	15.79
Q1 2010	80.00	0.50	0.09	15.89
Q2 2010	80.00	0.80	0.38	15.77
Q3 2010	80.00	0.90	0.54	15.98
Q4 2010	80.00	1.06	1.06	15.82
Q1 2011	80.00	1.06	1.06	16.51
Q2 2011	80.00	1.04	1.04	15.90
Q3 2011	80.00	1.01	1.01	16.00
Q4 2011	80.00	1.25	1.09	16.05
Q1 2012	80.00	1.14	0.97	15.11
Q2 2012	80.00	1.03	0.86	15.40
Q3 2012	80.00	1.19	1.02	15.68
Q4 2012	80.00	1.48	1.48	16.10
Q1 2013	80.00	1.18	1.43	14.74
Q2 2013	80.00	1.25	1.46	15.12
Q3 2013	80.00	1.00	1.21	15.18
Q4 2013	80.00	(0.38)	(0.16)	14.63
Q1 2014	80.00	(0.50)	(0.53)	14.28
Q2 2014	80.00	(0.80)	(0.80)	14.37

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2004	80.00	0.58	1.09	9.90
2005	80.00	2.27	2.40	11.57
2006	80.00	3.27	3.47	14.94
2007	80.00	4.58	2.90	17.51
2008	80.00	2.81	2.81	17.20
2009	80.00	0.57	0.12	15.79
2010	80.00	1.06	1.06	15.82
2011	80.00	1.25	1.09	16.05
2012	80.00	1.31	1.31	16.10
2013	80.00	(0.38)	(0.16)	14.63

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	25.17	23.42	5.80
Q3 2006	28.24	26.18	5.95
Q4 2006	22.78	21.48	4.99
Q1 2007	18.72	17.63	4.40
Q2 2007	10.47	15.47	3.14
Q3 2007	10.45	15.72	2.96
Q4 2007	12.82	20.28	3.35
Q1 2008	10.15	15.99	3.07
Q2 2008	15.12	15.12	2.60
Q3 2008	11.65	11.65	2.04
Q4 2008	10.55	10.55	1.72
Q1 2009	13.27	13.50	2.01
Q2 2009	22.62	23.10	1.99
Q3 2009	31.27	34.45	1.93
Q4 2009	49.39	More than 50	1.77
Q1 2010	More than 50	More than 50	1.67
Q2 2010	22.61	47.36	1.15
Q3 2010	22.13	36.87	1.24
Q4 2010	17.77	17.77	1.19
Q1 2011	17.00	17.00	1.09
Q2 2011	17.35	17.35	1.13
Q3 2011	16.60	16.60	1.05
Q4 2011	15.51	17.92	1.21
Q1 2012	21.81	25.60	1.64
Q2 2012	26.42	31.59	1.77
Q3 2012	19.45	22.67	1.47
Q4 2012	16.20	16.20	1.49
Q1 2013	18.61	15.40	1.49
Q2 2013	16.28	13.88	1.34
Q3 2013	20.19	16.62	1.32
Q4 2013	NEG	NEG	1.47
Q1 2014	NEG	NEG	1.39
Q2 2014	NEG	NEG	1.45

Period	P/E	Adjusted P/E	Price/book
2004	-	-	-
2005	-	-	-
2006	22.78	21.48	4.99
2007	12.82	20.28	3.35
2008	10.55	10.55	1.72
2009	49.39	More than 50	1.77
2010	17.77	17.77	1.19
2011	15.51	17.92	1.21
2012	18.32	18.32	1.49
2013	NEG	NEG	1.47

Business Segments (Million)

Compared With The

Period	Publishing and visual and digital content	Public relations and advertising sector	Printing & packaging sector	Others..	Disposals
Q1 2005	194.88	116.40	55.59	77.57	(214.72)
Q2 2005	225.32	141.88	69.54	107.35	(252.33)
Q3 2005	201.51	119.96	71.94	93.91	(219.69)
Q4 2005	229.27	139.69	65.17	94.61	(255.07)
Q1 2006	119.96	39.80	92.49	49.07	(43.73)
Q2 2006	364.69	61.16	102.48	43.35	(247.65)
Q3 2006	204.95	40.71	60.54	64.63	(139.60)
Q4 2006	241.11	49.35	69.34	36.59	(132.05)
Q1 2007	212.40	42.03	82.36	37.91	(129.25)
Q2 2007	286.48	60.06	82.43	38.84	(167.38)
Q3 2007	201.18	45.23	74.64	41.41	(124.67)
Q4 2007	246.18	56.02	130.60	48.03	(151.19)
Q1 2008	219.12	48.30	96.26	47.18	(138.70)
Q2 2008	288.15	67.61	95.81	54.90	(180.78)
Q3 2008	217.62	49.17	80.10	48.21	(133.76)
Q4 2008	332.91	48.71	196.09	46.34	(141.03)
Q1 2009	203.41	31.67	100.38	44.73	(120.21)
Q2 2009	214.68	37.04	79.51	45.18	(131.22)
Q3 2009	201.93	31.92	84.01	46.06	(115.65)
Q4 2009	155.15	31.62	93.42	62.49	(127.57)
Q1 2010	183.92	30.10	102.60	50.30	(110.95)
Q2 2010	212.96	35.93	112.17	45.47	(127.00)
Q3 2010	185.47	32.52	102.21	64.66	(109.59)
Q4 2010	199.38	32.94	85.42	34.85	(119.81)
Q1 2011	193.44	29.22	98.16	41.77	(112.22)
Q2 2011	210.12	35.46	118.84	34.64	(121.81)
Q3 2011	173.86	27.49	92.80	73.11	(98.86)
Q4 2011	216.91	355.70	91.18	65.90	(445.31)
Q1 2012	160.84	27.34	102.59	44.53	(93.64)
Q2 2012	228.64	33.85	111.50	27.78	(129.43)
Q3 2012	160.09	26.32	277.42	93.49	(92.13)
Q4 2012	175.83	329.87	274.38	23.20	(399.71)
Q1 2013	162.30	24.87	272.94	32.69	(92.35)
Q2 2013	185.38	34.01	279.63	18.93	(99.94)
Q3 2013	145.77	25.85	293.68	80.86	(78.72)
Q4 2013	163.39	303.84	295.51	34.14	(356.74)
Q1 2014	150.75	21.47	285.53	34.41	(78.14)
Q2 2014	164.20	40.38	327.40	19.25	(87.27)

Period	Publishing and visual and digital content	Public relations and advertising sector	Printing & packaging sector	Others..	Disposals
2004	660.35	480.39	183.62	345.14	(720.13)
2005	851.16	517.93	262.25	373.44	(941.81)
2006	930.72	191.03	324.85	193.64	(563.03)
2007	946.23	203.33	370.04	166.19	(572.49)
2008	1,057.81	213.80	468.25	196.63	(594.27)
2009	775.16	132.25	357.32	198.46	(494.65)
2010	781.73	131.49	402.40	195.28	(467.34)
2011	794.32	447.87	400.98	215.42	(778.20)
2012	725.40	417.37	765.90	188.99	(714.90)
2013	656.84	388.58	1,141.77	166.62	(627.75)

Financial Ratios

	Current
Market Cap (M Riyal)	19,552.00
Enterprise Value (EV) (M)	19,895.70
Shares Outstanding ((M))	80.00
EPS ( Riyal) (TTM)	7.00
Book Value (BV) ( Riyal)	38.54
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	34.15
P/E (TTM)	34.94
Price/book	6.34
Return on Average Assets (%) (TTM)	9.0
Return on Average Equity (%) (TTM)	19.5

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SRMG post net loss at SAR 21.3m in I2 of 2014

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Share Price

Saudi Research and Media Group (SRMG)

Financials (M)

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

Business Segments (Million)

Revenue by Business Segment (Latest) 2014 Q2

Financial Ratios

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SRMG post net loss at SAR 21.3m in I2 of 2014

View other reports

Share Price

Saudi Research and Media Group (SRMG)

Financials (M)

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

Business Segments (Million) Q2 2014

Revenue by Business Segment (Latest) 2014 Q2

Financial Ratios

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

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Business Segments (Million)