Arabian Pipes swings to SAR 16.8 mln loss in Q1 2020

18/06/2020 Argaam Exclusive
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Arabian Pipes Co. (APC) reported a net loss after Zakat and tax of SAR 16.8 million for Q1 2020, against a net profit of SAR 8.1 million a year earlier.

 

The losses were attributed to a 63% fall year-on-year (YoY) in sales revenue to SAR 66.5 million. The company’s biggest project with Saudi Aramco in Al-Jubail was hit by contractors’ delays.

 

In addition, APC’s one-year agreement with Saudi Aramco to store pipes in the former’s warehouses has entered into effect.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 180.03 66.45 (63.1 %)
Gross Income 22.39 (1.40) (106.3 %)
Operating Income 13.99 (11.66) (183.3 %)
Net Income 8.10 (16.85) (308.0 %)
Average Shares 150.00 150.00 -
Earnings Per Share before unusual items 0.05 (0.11) (308.0 %)
EPS (Riyals) 0.05 (0.11) (308.0 %)

APC turned to losses from a net profit of SAR 3.3 million in Q4 2019, due to lower sales revenue.

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Share Price

Arabian Pipes Co.
10.32
(0.24) (2.27 %)

Arabian Pipes Co. (APC)

1 Day (2.27 %) 5 Days (2.27 %) 3 Months (14.71 %) 6 Months (19.00 %) Year (2.07 %) 2 Years 226.76 % 5 Years 255.68 % All 184.34 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:4012:0012:1012:2012:3012:4012:5013:0013:1013:2013:4013:5014:0014:1014:2014:3014:4014:5015:10135.5136136.5137137.5138138.5139139.5140140.5
Close : 138.80 | Apr 3, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 1,548.00
Enterprise Value (EV) (M) 1,843.26
Shares Outstanding ((M)) 150.00
EPS ( Riyal) (TTM) 1.12
Book Value (BV) ( Riyal) 2.68
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 9.05
P/E (TTM) 9.20
Price/book 3.86
Return on Average Assets (%) (TTM) 18.3
Return on Average Equity (%) (TTM) 25.7
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