Taiba net profit rises 167% in FY2019

27/02/2020 Argaam Exclusive
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Taiba Investments Co. (Taiba) reported a net profit after Zakat and tax of SAR 171.86 million for the fiscal year of 2019, a 167% year-on-year increase, as compared to SAR 64.35 million a year earlier.

 

The company said in a bourse statement that the rise is mainly due to lower Zakat expenses and the acquisition of non-controlling stakes in Al Aqeeq Real Estate Development Co. and Arab Resort Areas Co.’s (ARAC).



Financials (M)

Item 2018 2019 Change‬
Revenues 406.28 387.53 (4.6 %)
Gross Income 257.39 241.85 (6.0 %)
Operating Income 202.87 178.27 (12.1 %)
Net Income 64.35 171.86 167.1 %
Average Shares 150.00 157.84 5.2 %
Earnings Per Share before unusual items 0.94 1.09 16.4 %
EPS (Riyals) 0.43 1.09 153.8 %

The company swung to a net profit of SAR 23.5 million in Q4 2019, against a net loss of SAR 69.5 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 61.87 47.18 (23.7 %)
Gross Income 45.83 41.04 (10.4 %)
Operating Income 30.78 25.03 (18.7 %)
Net Income (69.45) 23.48 133.8 %
Average Shares 150.00 157.84 5.2 %
Earnings Per Share before unusual items (0.01) 0.15 1561.3 %
EPS (Riyals) (0.46) 0.15 132.1 %

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Share Price

Taiba Investments Co.
48.55
(0.95) (1.92 %)

Taiba Investments Co. (TAIBA)

1 Day (1.92 %) 5 Days (2.22 %) 3 Months 33.06 % 6 Months 10.25 % Year 25.16 % 2 Years 76.87 % 5 Years 89.65 % All 120.78 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:3011:4012:0012:2012:3012:4012:5013:0013:1013:2013:3013:4013:5014:0014:1089.289.489.689.89090.290.490.690.8
Close : 89.70 | Mar 20, 14:11
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Financial Ratios
Current
Market Cap (M Riyal) 12,892.77
Enterprise Value (EV) (M) 14,218.20
Shares Outstanding ((M)) 260.46
EPS ( Riyal) (TTM) 1.33
Book Value (BV) ( Riyal) 26.29
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 37.12
P/E (TTM) 37.12
Price/book 1.88
Return on Average Assets (%) (TTM) 3.6
Return on Average Equity (%) (TTM) 4.2
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