SARCO posts higher net profit at SAR 2.95m in Q1 of 2014

16/04/2014 Argaam Exclusive

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Share Price

Saudi Arabia Refineries Co. (SARCO)

 

Saudi Arabia Refineries Company, reported SAR 2.95m net profit at the end of the first quarter of 2014, a 304% increase compared to the same quarter last year, as shown in the following table: 



Current Quarter Comparison (M)

Compared With The
Item Q1 2013 Q1 2014 Change‬
Operating Income (0.66) (0.80) (20.5 %)
Net Income 0.73 2.95 303.0 %
Average Shares 15.00 15.00 -
EPS (Riyals) 0.05 0.20 303.0 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2005 - - - - 0.92 (66.4 %) 0.06
Q2 2005 - - - - 0.52 (56.0 %) 0.03
Q3 2005 - - - - 1.09 40.3 % 0.07
Q4 2005 - - - - 1.03 (65.5 %) 0.07
Q1 2006 - - - - 1.03 11.0 % 0.07
Q2 2006 - - - - 1.12 115.4 % 0.07
Q3 2006 - - - - 0.86 (21.8 %) 0.06
Q4 2006 - - - - 7.74 650.7 % 0.52
Q1 2007 - - - - 1.10 7.4 % 0.07
Q2 2007 - - - - 1.13 1.1 % 0.08
Q3 2007 - - - - 96.59 11196.8 % 6.44
Q4 2007 - - - - 0.01 (99.9 %) 0.00
Q1 2008 - - - - 98.55 8843.2 % 6.57
Q2 2008 - - - - 8.65 666.9 % 0.58
Q3 2008 - - - - (0.38) (100.4 %) (0.03)
Q4 2008 - - - - 0.84 16640.0 % 0.06
Q1 2009 - - - - 0.08 (99.9 %) 0.01
Q2 2009 - - - - 0.30 (96.5 %) 0.02
Q3 2009 - - - - 0.63 266.8 % 0.04
Q4 2009 - - - - 2.11 152.6 % 0.14
Q1 2010 - - - - 0.75 904.0 % 0.05
Q2 2010 - - - - 8.68 2794.0 % 0.58
Q3 2010 - - - - 0.52 (18.0 %) 0.03
Q4 2010 - - - - 2.32 9.6 % 0.15
Q1 2011 - - - - 0.75 (0.3 %) 0.05
Q2 2011 - - - - 8.19 (5.6 %) 0.55
Q3 2011 - - - - 0.46 (12.2 %) 0.03
Q4 2011 - - - - 1.53 (34.0 %) 0.10
Q1 2012 - - - - 0.64 (15.0 %) 0.04
Q2 2012 - - - - 15.47 88.8 % 1.03
Q3 2012 - - - - 0.57 25.9 % 0.04
Q4 2012 - - - - 0.13 (91.5 %) 0.01
Q1 2013 - - - - 0.73 14.6 % 0.05
Q2 2013 - - - - 14.24 (8.0 %) 0.95
Q3 2013 - - - - 1.27 120.9 % 0.08
Q4 2013 - - - - (0.81) (723.8 %) (0.05)
Q1 2014 - - - - 2.95 303.0 % 0.20

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2005 15.00 0.39 0.39 50.68
Q2 2005 15.00 0.35 0.35 60.81
Q3 2005 15.00 0.37 0.37 68.71
Q4 2005 15.00 0.24 0.24 32.22
Q1 2006 15.00 0.24 0.24 30.00
Q2 2006 15.00 0.28 0.28 27.31
Q3 2006 15.00 0.27 0.27 18.76
Q4 2006 15.00 0.72 0.72 22.03
Q1 2007 15.00 0.72 0.72 22.84
Q2 2007 15.00 0.72 0.72 27.42
Q3 2007 15.00 7.10 7.10 38.16
Q4 2007 15.00 6.59 6.59 39.79
Q1 2008 15.00 13.09 13.09 38.09
Q2 2008 15.00 13.59 13.59 40.29
Q3 2008 15.00 7.12 7.12 39.99
Q4 2008 15.00 7.18 7.18 14.11
Q1 2009 15.00 0.61 0.61 16.29
Q2 2009 15.00 0.06 0.06 22.57
Q3 2009 15.00 0.12 0.12 26.80
Q4 2009 15.00 0.21 0.21 25.67
Q1 2010 15.00 0.25 0.25 25.82
Q2 2010 15.00 0.81 0.81 21.38
Q3 2010 15.00 0.80 0.80 22.43
Q4 2010 15.00 0.82 0.82 26.57
Q1 2011 15.00 0.82 0.82 27.48
Q2 2011 15.00 0.79 0.79 27.42
Q3 2011 15.00 0.78 0.78 23.79
Q4 2011 15.00 0.73 0.73 23.43
Q1 2012 15.00 0.72 0.72 29.33
Q2 2012 15.00 1.21 1.21 25.43
Q3 2012 15.00 1.21 1.21 28.05
Q4 2012 15.00 1.12 1.12 27.72
Q1 2013 15.00 1.13 1.13 28.03
Q2 2013 15.00 1.04 1.04 31.35
Q3 2013 15.00 1.09 1.09 31.96
Q4 2013 15.00 1.03 1.03 38.17
Q1 2014 15.00 1.18 1.11 40.50

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 More than 100 More than 100 1.47
Q2 2005 More than 100 More than 100 1.38
Q3 2005 More than 100 More than 100 1.22
Q4 2005 More than 100 More than 100 5.59
Q1 2006 More than 100 More than 100 5.86
Q2 2006 More than 100 More than 100 8.22
Q3 2006 More than 100 More than 100 11.47
Q4 2006 More than 100 More than 100 3.34
Q1 2007 More than 100 More than 100 4.33
Q2 2007 More than 100 More than 100 2.64
Q3 2007 11.49 11.49 2.14
Q4 2007 14.42 14.42 2.39
Q1 2008 5.23 5.23 1.80
Q2 2008 5.00 5.00 1.69
Q3 2008 8.65 8.65 1.54
Q4 2008 8.08 8.08 4.11
Q1 2009 68.92 68.92 2.59
Q2 2009 More than 100 More than 100 2.29
Q3 2009 More than 100 More than 100 1.91
Q4 2009 More than 100 More than 100 1.94
Q1 2010 More than 100 More than 100 1.86
Q2 2010 44.21 44.21 1.68
Q3 2010 43.51 43.51 1.56
Q4 2010 44.01 44.01 1.35
Q1 2011 39.73 39.73 1.18
Q2 2011 59.85 59.85 1.71
Q3 2011 61.83 61.83 2.03
Q4 2011 More than 100 More than 100 3.38
Q1 2012 More than 100 More than 100 2.55
Q2 2012 44.56 44.56 2.11
Q3 2012 56.22 56.22 2.43
Q4 2012 53.98 53.98 2.18
Q1 2013 55.02 55.02 2.21
Q2 2013 56.71 56.71 1.89
Q3 2013 54.76 54.76 1.87
Q4 2013 57.13 57.13 1.54
Q1 2014 57.82 61.30 1.68

Current
Market Cap (M Riyal) 1,231.50
Enterprise Value (EV) (M) 1,187.85
Shares Outstanding ((M)) 15.00
EPS ( Riyal) (TTM) 0.50
Book Value (BV) ( Riyal) 29.85
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 2.75
Return on Average Assets (%) (TTM) 1.6
Return on Average Equity (%) (TTM) 1.6

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