Al Ahsa's H1 net profit soars to SAR 35.3 mln

29/07/2015 Argaam Exclusive

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Share Price

AYYAN Investment Co. (AYYAN)

Al Ahsa Development Company's H1 net profit soared to SAR 35.3 million from SAR 591,449 in the same period last year on higher revenue as a result of consolidating financials with one of its affiliates. The company's dividend income also increased, compared to the same period last year.

Financials (M)

Item	6m 2014	6m 2015	Change‬
Revenues	3.20	57.02	1679.7 %
Gross Income	0.58	15.79	2646.4 %
Operating Income	(2.71)	(1.17)	56.9 %
Net Income	0.59	34.00	5653.0 %
Average Shares	49.00	49.00	-
EPS (Riyals)	0.01	0.69	5653.0 %

Al Ahsa posted a net profit of SAR 30.3 million in Q2, compared to a loss of SAR 4.1 million in the same quarter last year. Meanwhile, net profit rose 509 percent quarter-on-quarter from Q1's SAR 4.98 million.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2014	Q2 2015	Change‬
Revenues	2.47	47.51	1820.4 %
Gross Income	0.58	13.14	2176.6 %
Operating Income	(0.96)	(0.32)	66.4 %
Net Income	(4.11)	29.26	811.3 %
Average Shares	49.00	49.00	-
EPS (Riyals)	(0.08)	0.60	811.3 %

Item	Q1 2015	Q2 2015	Change‬
Revenues	9.51	47.51	399.5 %
Gross Income	2.66	13.14	394.6 %
Operating Income	(0.85)	(0.32)	61.8 %
Net Income	4.74	29.26	516.8 %
Average Shares	49.00	49.00	-
EPS (Riyals)	0.10	0.60	516.8 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	4.86	(46.3 %)	(0.18)	(111.8 %)	30.26	11.9 %	0.62
Q2 2006	5.24	(51.9 %)	(0.26)	(113.4 %)	31.68	(14.0 %)	0.65
Q3 2006	3.22	(60.0 %)	(0.93)	(214.2 %)	32.36	53.3 %	0.66
Q4 2006	4.54	33.1 %	(0.15)	92.0 %	(23.31)	(322.4 %)	(0.48)
2006	17.85	(43.2 %)	(1.51)	(163.3 %)	70.98	(25.6 %)	1.45
Q1 2007	8.69	78.8 %	2.21	1347.5 %	4.86	(83.9 %)	0.10
Q2 2007	7.57	44.6 %	1.92	840.9 %	4.14	(86.9 %)	0.08
Q3 2007	1.49	(53.7 %)	0.37	140.2 %	7.30	(77.4 %)	0.15
Q4 2007	-	-	(0.01)	91.3 %	17.44	174.8 %	0.36
2007	17.75	(0.6 %)	4.49	396.9 %	33.75	(52.5 %)	0.69
Q1 2008	-	-	-	-	5.86	20.6 %	0.12
Q2 2008	-	-	-	-	8.01	93.3 %	0.16
Q3 2008	-	-	-	-	(44.39)	(708.0 %)	(0.91)
Q4 2008	-	-	-	-	(25.72)	(247.5 %)	(0.52)
2008	-	-	-	-	(56.24)	(266.7 %)	(1.15)
Q1 2009	-	-	-	-	(6.25)	(206.7 %)	(0.13)
Q2 2009	-	-	-	-	7.42	(7.3 %)	0.15
Q3 2009	-	-	-	-	4.61	110.4 %	0.09
Q4 2009	-	-	-	-	(2.42)	90.6 %	(0.05)
2009	-	-	-	-	3.36	106.0 %	0.07
Q1 2010	-	-	-	-	6.32	201.0 %	0.13
Q2 2010	-	-	-	-	(2.83)	(138.1 %)	(0.06)
Q3 2010	-	-	-	-	2.48	(46.2 %)	0.05
Q4 2010	-	-	-	-	40.31	1769.2 %	0.82
2010	-	-	-	-	46.28	1277.4 %	0.94
Q1 2011	-	-	-	-	4.79	(24.2 %)	0.10
Q2 2011	-	-	-	-	2.88	202.0 %	0.06
Q3 2011	-	-	-	-	1.43	(42.4 %)	0.03
Q4 2011	-	-	-	-	(8.97)	(122.2 %)	(0.18)
2011	-	-	-	-	0.13	(99.7 %)	0.00
Q1 2012	3.38	-	3.38	-	3.29	(31.2 %)	0.07
Q2 2012	-	-	(3.38)	-	4.44	54.1 %	0.09
Q3 2012	-	-	-	-	(1.45)	(201.5 %)	(0.03)
Q4 2012	-	-	-	-	(3.62)	59.6 %	(0.07)
2012	-	-	-	-	2.67	1904.5 %	0.05
Q1 2013	1.43	(57.6 %)	0.45	(86.7 %)	0.61	(81.6 %)	0.01
Q2 2013	2.26	-	0.54	116.0 %	3.53	(20.6 %)	0.07
Q3 2013	1.13	-	(0.06)	-	1.17	180.6 %	0.02
Q4 2013	1.65	-	(0.28)	-	10.71	395.8 %	0.22
2013	6.48	-	0.65	-	16.02	500.8 %	0.33
Q1 2014	0.73	(49.1 %)	0.00	(100.4 %)	4.70	674.8 %	0.10
Q2 2014	2.47	9.4 %	0.58	6.9 %	(4.11)	(216.6 %)	(0.08)
Q3 2014	1.02	(10.1 %)	(0.08)	(36.1 %)	(12.83)	(1198.1 %)	(0.26)
Q4 2014	2.57	55.5 %	0.25	189.2 %	(22.37)	(308.8 %)	(0.46)
2014	6.79	4.8 %	0.74	13.8 %	(36.08)	(325.2 %)	(0.74)
Q1 2015	9.51	1202.9 %	2.66	132900.0 %	4.74	0.9 %	0.10
Q2 2015	47.51	1820.4 %	13.14	2176.6 %	29.26	811.3 %	0.60

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	31.39	209.1 %	2.39	136.1 %	95.47	51.1 %	1.95
2006	17.85	(43.2 %)	(1.51)	(163.3 %)	70.98	(25.6 %)	1.45
2007	17.75	(0.6 %)	4.49	396.9 %	33.75	(52.5 %)	0.69
2008	-	-	-	-	(56.24)	(266.7 %)	(1.15)
2009	-	-	-	-	3.36	106.0 %	0.07
2010	-	-	-	-	46.28	1277.4 %	0.94
2011	-	-	-	-	0.13	(99.7 %)	0.00
2012	-	-	-	-	2.67	1904.5 %	0.05
2013	6.48	-	0.65	-	16.02	500.8 %	0.33
2014	6.79	4.8 %	0.74	13.8 %	(36.08)	(325.2 %)	(0.74)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	2.61 %	(8.88 %)	362.75 %
Q2 2006	(6.88 %)	(17.31 %)	433.93 %
Q3 2006	(19.26 %)	(28.36 %)	626.68 %
Q4 2006	(8.47 %)	(16.59 %)	397.75 %
2006	(8.47 %)	(16.59 %)	397.75 %
Q1 2007	4.03 %	(9.21 %)	210.33 %
Q2 2007	12.71 %	(12.83 %)	75.22 %
Q3 2007	19.52 %	(4.30 %)	(31.41 %)
Q4 2007	25.28 %	(23.75 %)	190.16 %
2007	25.28 %	(23.75 %)	190.17 %
Q1 2008	25.14 %	(67.10 %)	383.50 %
Q2 2008	24.06 %	(373.12 %)	2,587.87 %
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	100.00 %	(39.20 %)	134.47 %
Q2 2012	-	(141.95 %)	180.58 %
Q3 2012	-	(133.40 %)	95.48 %
Q4 2012	-	(139.43 %)	78.81 %
2012	-	-	-
Q1 2013	(204.53 %)	(539.68 %)	(1.46 %)
Q2 2013	26.79 %	(99.59 %)	(25.35 %)
Q3 2013	19.25 %	(89.06 %)	34.82 %
Q4 2013	10.04 %	(95.52 %)	315.10 %
2013	10.04 %	(95.52 %)	315.10 %
Q1 2014	3.43 %	(103.24 %)	424.48 %
Q2 2014	3.93 %	(88.57 %)	281.77 %
Q3 2014	3.63 %	(128.17 %)	620.97 %
Q4 2014	10.92 %	(157.30 %)	217.25 %
2014	10.90 %	(157.32 %)	208.89 %
Q1 2015	21.83 %	(65.06 %)	75.87 %
Q2 2015	26.33 %	(17.50 %)	69.87 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	7.60 %	(6.35 %)	304.12 %
2006	(8.47 %)	(16.59 %)	397.75 %
2007	25.28 %	(23.75 %)	190.17 %
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	10.04 %	(95.52 %)	315.10 %
2014	10.90 %	(157.32 %)	208.89 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	(3.64 %)	(2.80 %)	622.98 %
Q2 2006	(4.95 %)	(7.43 %)	605.06 %
Q3 2006	(28.77 %)	(33.30 %)	1,005.19 %
Q4 2006	(3.29 %)	(30.08 %)	(513.94 %)
Q1 2007	25.42 %	9.55 %	55.99 %
Q2 2007	25.36 %	(19.45 %)	54.76 %
Q3 2007	24.93 %	70.38 %	489.41 %
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	100.00 %	61.31 %	97.37 %
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	31.38 %	(66.11 %)	42.33 %
Q2 2013	23.87 %	(29.05 %)	155.97 %
Q3 2013	(5.39 %)	(123.43 %)	103.27 %
Q4 2013	(16.91 %)	(193.09 %)	915.52 %
Q1 2014	(0.27 %)	(98.77 %)	644.25 %
Q2 2014	23.32 %	0.08 %	(166.25 %)
Q3 2014	(8.16 %)	(355.95 %)	2,041.40 %
Q4 2014	9.70 %	(246.96 %)	(257.44 %)
Q1 2015	27.93 %	(1.82 %)	18.60 %
Q2 2015	27.65 %	(1.00 %)	55.61 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	49.00	2.01	2.01	11.25
Q2 2006	49.00	1.91	1.91	10.25
Q3 2006	49.00	2.14	2.14	10.36
Q4 2006	49.00	1.45	1.45	9.31
Q1 2007	49.00	0.93	0.93	9.21
Q2 2007	49.00	0.37	0.37	9.12
Q3 2007	49.00	(0.14)	(0.14)	9.64
Q4 2007	49.00	0.69	0.69	10.62
Q1 2008	49.00	0.71	0.71	10.51
Q2 2008	49.00	0.79	0.79	10.65
Q3 2008	49.00	(0.27)	(0.27)	9.48
Q4 2008	49.00	(1.15)	(0.65)	8.11
Q1 2009	49.00	(1.40)	(0.89)	7.96
Q2 2009	49.00	(1.41)	(0.91)	8.45
Q3 2009	49.00	(0.41)	0.09	8.70
Q4 2009	49.00	0.07	0.07	8.57
Q1 2010	49.00	0.33	0.33	8.87
Q2 2010	49.00	0.12	0.12	8.65
Q3 2010	49.00	0.07	0.07	8.73
Q4 2010	49.00	0.94	1.35	9.78
Q1 2011	49.00	0.91	1.32	9.84
Q2 2011	49.00	1.03	1.44	9.85
Q3 2011	49.00	1.01	1.42	9.79
Q4 2011	49.00	0.00	0.12	9.60
Q1 2012	49.00	(0.03)	0.09	10.22
Q2 2012	49.00	0.00	0.12	9.77
Q3 2012	49.00	(0.05)	0.07	9.86
Q4 2012	49.00	0.05	0.05	9.87
Q1 2013	49.00	0.00	0.00	9.92
Q2 2013	49.00	(0.02)	(0.02)	10.13
Q3 2013	49.00	0.03	0.03	10.33
Q4 2013	49.00	0.33	0.42	10.71
Q1 2014	49.00	0.41	0.50	10.68
Q2 2014	49.00	0.25	0.34	10.71
Q3 2014	49.00	(0.03)	0.74	10.52
Q4 2014	49.00	(0.71)	0.30	9.90
Q1 2015	49.00	(0.71)	0.24	10.17
Q2 2015	49.00	(0.02)	0.86	10.86

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	49.00	1.95	1.95	9.21
2006	49.00	1.45	1.45	9.31
2007	49.00	0.69	0.69	10.62
2008	49.00	(1.15)	(0.65)	8.11
2009	49.00	0.07	0.07	8.57
2010	49.00	0.94	1.35	9.78
2011	49.00	0.00	0.12	9.60
2012	49.00	0.05	0.05	9.87
2013	49.00	0.33	0.42	10.71
2014	49.00	(0.74)	0.29	9.90

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	31.81	31.81	5.69
Q2 2006	More than 50	More than 50	13.02
Q3 2006	More than 50	More than 50	12.65
Q4 2006	33.55	33.55	5.22
Q1 2007	49.53	49.53	5.00
Q2 2007	More than 50	More than 50	3.83
Q3 2007	NEG	NEG	4.63
Q4 2007	More than 50	More than 50	4.54
Q1 2008	More than 50	More than 50	3.63
Q2 2008	43.86	43.86	3.24
Q3 2008	NEG	NEG	2.07
Q4 2008	NEG	NEG	1.75
Q1 2009	NEG	NEG	2.68
Q2 2009	NEG	NEG	2.28
Q3 2009	NEG	More than 50	2.14
Q4 2009	More than 50	More than 50	2.07
Q1 2010	More than 50	More than 50	2.21
Q2 2010	More than 50	More than 50	2.04
Q3 2010	More than 50	More than 50	1.89
Q4 2010	19.25	13.44	1.86
Q1 2011	19.19	13.26	1.78
Q2 2011	17.58	12.59	1.84
Q3 2011	16.08	11.44	1.66
Q4 2011	More than 50	More than 50	2.24
Q1 2012	NEG	More than 50	3.51
Q2 2012	More than 50	More than 50	2.17
Q3 2012	NEG	More than 50	2.51
Q4 2012	More than 50	More than 50	2.18
Q1 2013	NEG	NEG	2.50
Q2 2013	NEG	NEG	2.17
Q3 2013	More than 50	More than 50	2.40
Q4 2013	More than 50	More than 50	2.27
Q1 2014	More than 50	More than 50	2.63
Q2 2014	More than 50	More than 50	2.70
Q3 2014	NEG	42.36	3.00
Q4 2014	NEG	More than 50	2.42
Q1 2015	NEG	More than 50	2.36
Q2 2015	NEG	31.40	2.50

Period	P/E	Adjusted P/E	Price/book
2005	47.89	47.89	10.13
2006	33.55	33.55	5.22
2007	More than 50	More than 50	4.54
2008	NEG	NEG	1.75
2009	More than 50	More than 50	2.07
2010	19.25	13.44	1.86
2011	More than 50	More than 50	2.24
2012	More than 50	More than 50	2.18
2013	More than 50	More than 50	2.27
2014	NEG	More than 50	2.42

Business Segments (Million)

Compared With The

Period	medical service	Manufacturing sector	Investments	Food
Q1 2013	-	-	3.29	1.43
Q2 2013	-	-	5.37	2.26
Q3 2013	-	-	3.62	1.13
Q4 2013	-	-	2.52	1.65
Q1 2014	-	0.73	-	-
Q2 2014	-	2.47	-	-
Q3 2014	-	1.02	-	-
Q4 2014	-	2.57	-	-
Q1 2015	6.92	2.59	-	-
Q2 2015	44.09	3.43	-	-

Period	medical service	Manufacturing sector	Investments	Food
2013	-	-	14.80	6.48
2014	-	6.79	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	1,595.06
Enterprise Value (EV) (M)	2,284.94
Shares Outstanding ((M))	80.64
EPS ( Riyal) (TTM)	(2.79)
Book Value (BV) ( Riyal)	5.49
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.60
Return on Average Assets (%) (TTM)	(13.51 )
Return on Average Equity (%) (TTM)	(39.81 )

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Al Ahsa's H1 net profit soars to SAR 35.3 mln

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Share Price

AYYAN Investment Co. (AYYAN)

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) 2015 Q2

Financial Ratios

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Al Ahsa's H1 net profit soars to SAR 35.3 mln

View other reports

Share Price

AYYAN Investment Co. (AYYAN)

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 2015

Revenue by Business Segment (Latest) 2015 Q2

Financial Ratios

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Business Segments (Million)