Hail Cement's 2014 net profit up to 191% SAR 147.1 mln

Hail Cement Company reported 2014’s net profit of SAR 147.1 million compared to a profit of SAR 50.5 million for the last year.

Financials (Million Riyal)

Item	2013	2014	Change‬
Revenues	159.02	355.77	123.7 %
Gross Income	80.72	184.01	127.9 %
Operating Income	66.61	158.08	137.3 %
Net Income	50.47	147.06	191.4 %
Average Shares	97.90	97.90	-
Earnings Per Share before unusual items (Riyals)	0.66	1.50	128.8 %
EPS (Riyal)	0.52	1.50	191.4 %

A net profit of SAR 40.9 million was reported for Q4-2014 compared to SAR 25.1 million for Q3.

The company attributed the increase of 2014’s net profit, compared to the last year, to the increase of sales revenue and production volume resulting in a lower percentage of the unit cost compared to same period last year, as the Company has started the commercial operations in the previous period starting from the month of May 2013, in addition to the settlement made with EPC contractor.

The increase of Q4-2014’s net profit compared to the same period last year was attributed to the increase of sales revenue and production volume resulting in a lower percentage of the unit cost compared to same quarter last year, in addition to the settlement made with EPC contractor.

The increase of Q4-2014’s net profit compared to Q3-2014 was attributed to the increase of sales revenue and production volume resulting in a lower percentage of the unit cost compared to previous quarter, in addition to the settlement made with EPC contractor.

Current Quarter Comparison (Million Riyal)

Compared With The

Item	Q4 2013	Q4 2014	Change‬
Revenues	58.35	91.81	57.3 %
Gross Income	29.78	52.85	77.5 %
Operating Income	28.82	45.20	56.8 %
Net Income	28.91	40.86	41.3 %
Average Shares	97.90	97.90	-
Earnings Per Share before unusual items (Riyal)	0.30	0.42	41.3 %
EPS (Riyal)	0.30	0.42	41.3 %

Item	Q3 2014	Q4 2014	Change‬
Revenues	79.78	91.81	15.1 %
Gross Income	32.33	52.85	63.5 %
Operating Income	26.46	45.20	70.8 %
Net Income	25.10	40.86	62.8 %
Average Shares	97.90	97.90	-
Earnings Per Share before unusual items (Riyal)	0.26	0.42	62.8 %
EPS (Riyal)	0.26	0.42	62.8 %

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Share Price

Financial Ratios

	Current
Market Cap (M Riyal)	1,135.64
Enterprise Value (EV) (M Riyal)	-
Shares Outstanding ((M))	97.90
Recurring EPS ( Riyal) (TTM)	-
Book Value (BV) ( Riyal)	-
Par Value ( Riyal)	10.00
Recurring P/E (TTM)	-
P/E (TTM)	-
Price/book	-
Dividend Yield (%) (Last Year)	-
Return on Average Assets (%) (TTM)	-
Return on Average Equity (%) (TTM)	-
EV/Revenues	-

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	-	-	-	-	(14.03)	-
Q1 2012	-	-	-	-	(4.53)	-
Q2 2012	-	-	-	-	(6.26)	-
Q3 2012	-	-	-	-	(5.97)	-
Q4 2012	-	-	-	-	(9.82)	-
2012	-	-	-	-	(26.58)	(89.4 %)
Q1 2013	-	-	-	-	-	-
Q2 2013	54.67	-	26.36	-	18.44	394.6 %
Q3 2013	45.99	-	24.59	-	16.75	380.5 %
Q4 2013	58.35	-	29.78	-	28.82	393.6 %
2013	159.02	-	80.72	-	66.61	350.6 %
Q1 2014	83.48	-	44.23	-	37.55	-
Q2 2014	100.71	84.2 %	54.60	107.2 %	48.88	165.1 %
Q3 2014	79.78	73.5 %	32.33	31.5 %	26.46	57.9 %
Q4 2014	91.81	57.3 %	52.85	77.5 %	45.20	56.8 %
2014	355.77	123.7 %	184.01	127.9 %	158.08	137.3 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	-	-	-	-	-	-
2011	-	-	-	-	(14.03)	-
2012	-	-	-	-	(26.58)	(89.4 %)
2013	159.02	-	80.72	-	66.61	350.6 %
2014	355.77	123.7 %	184.01	127.9 %	158.08	137.3 %

Profit Performance (Million Riyal)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	(10.60)	-	(0.11)	(1.05)	(9.55)	(0.10)
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	(40.94)	(286.2 %)	(0.42)	(13.37)	(27.57)	(0.28)
Q1 2012	(6.32)	-	(0.06)	-	(6.32)	(0.06)
Q2 2012	(8.60)	-	(0.09)	-	(8.60)	(0.09)
Q3 2012	(3.39)	-	(0.03)	-	(3.39)	(0.03)
Q4 2012	(8.47)	-	(0.09)	-	(8.47)	(0.09)
2012	(26.78)	34.6 %	(0.27)	-	(26.78)	(0.27)
Q1 2013	(13.93)	(120.2 %)	(0.14)	(13.80)	(0.13)	0.00
Q2 2013	18.55	315.8 %	0.19	-	18.55	0.19
Q3 2013	16.94	599.9 %	0.17	-	16.94	0.17
Q4 2013	28.91	441.3 %	0.30	-	28.91	0.30
2013	50.47	288.5 %	0.52	(13.80)	64.27	0.66
Q1 2014	35.10	352.0 %	0.36	-	35.10	0.36
Q2 2014	46.00	148.0 %	0.47	-	46.00	0.47
Q3 2014	25.10	48.2 %	0.26	-	25.10	0.26
Q4 2014	40.86	41.3 %	0.42	-	40.86	0.42
2014	147.06	191.4 %	1.50	-	147.06	1.50

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS(Riyal)
2010	(10.60)	-	(0.11)	(1.05)	(9.55)	(0.10)
2011	(40.94)	(286.2 %)	(0.42)	(13.37)	(27.57)	(0.28)
2012	(26.78)	34.6 %	(0.27)	-	(26.78)	(0.27)
2013	50.47	288.5 %	0.52	(13.80)	64.27	0.66
2014	147.06	191.4 %	1.50	-	147.06	1.50

Profitability

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	-	-	-
Q1 2013	-	-	-
Q2 2013	48.21 %	37.85 %	12.00 %
Q3 2013	50.60 %	58.82 %	26.71 %
Q4 2013	50.76 %	71.16 %	40.42 %
2013	50.76 %	72.80 %	40.42 %
Q1 2014	51.53 %	68.21 %	41.03 %
Q2 2014	53.09 %	68.44 %	44.00 %
Q3 2014	49.93 %	64.55 %	41.92 %
Q4 2014	51.72 %	62.17 %	41.34 %
2014	51.72 %	62.17 %	41.34 %

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	50.76 %	72.80 %	40.42 %
2014	51.72 %	62.17 %	41.34 %

Period	Gross Margin	Adjusted EBITDA margin	Net Margin Before Unusual Items
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	48.21 %	61.07 %	33.92 %
Q3 2013	53.45 %	71.10 %	36.83 %
Q4 2013	51.04 %	77.06 %	49.54 %
Q1 2014	52.98 %	65.10 %	42.05 %
Q2 2014	54.21 %	65.00 %	45.68 %
Q3 2014	40.52 %	54.26 %	31.46 %
Q4 2014	57.57 %	63.26 %	44.50 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
Q1 2010	-	-	-	-
Q2 2010	-	-	-	-
Q3 2010	-	-	-	-
Q4 2010	-	-	-	-
Q1 2011	-	-	-	-
Q2 2011	-	-	-	-
Q3 2011	-	-	-	-
Q4 2011	-	-	-	-
Q1 2012	97.90	-	-	9.52
Q2 2012	97.90	-	-	9.43
Q3 2012	97.90	-	-	9.39
Q4 2012	97.90	(0.27)	(0.27)	9.31
Q1 2013	97.90	(0.35)	(0.21)	9.17
Q2 2013	97.90	(0.07)	0.07	9.36
Q3 2013	97.90	0.13	0.27	9.53
Q4 2013	97.90	0.52	0.66	9.82
Q1 2014	97.90	1.02	1.02	10.18
Q2 2014	97.90	1.30	1.30	10.65
Q3 2014	97.90	1.38	1.38	10.41
Q4 2014	97.90	1.50	1.50	10.83

Period	Shares Outstanding (M)	EPS (Riyal)	Earnings Per Share before unusual items (Riyal)	Book Value (BV)
2010	97.90	(0.11)	(0.10)	4.89
2011	97.90	(0.42)	(0.28)	9.58
2012	97.90	(0.27)	(0.27)	9.31
2013	97.90	0.52	0.66	9.82
2014	97.90	1.50	1.50	10.83

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Recurring P/E	Price/book
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	2.64
Q2 2012	-	-	1.80
Q3 2012	-	-	2.01
Q4 2012	NEG	NEG	1.99
Q1 2013	NEG	NEG	2.08
Q2 2013	NEG	More than 100	2.15
Q3 2013	More than 100	79.55	2.29
Q4 2013	41.32	32.45	2.17
Q1 2014	23.17	23.17	2.31
Q2 2014	19.93	19.93	2.43
Q3 2014	21.24	21.24	2.82
Q4 2014	15.19	15.19	2.11

Period	P/E	Recurring P/E	Price/book
2010	-	-	-
2011	NEG	NEG	1.60
2012	NEG	NEG	1.99
2013	41.32	32.45	2.17
2014	15.19	15.19	2.11

Analysts Estimates (Million Riyal)

Item	Profit (Expected)	Profit (Actual)	Change
Average	43.40	40.86

Estimates vs Actual (Million Riyal)

Item	Profit (Expected)	Profit (Actual)	Change‬
OSOOL AND BAKHEET	43.40	40.86

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Hail Cement's 2014 net profit up to 191% SAR 147.1 mln

Financials (Million Riyal)

Current Quarter Comparison (Million Riyal)

View other reports

Share Price

Financial Ratios

Financial results (Million Riyal)

Financial results

Profit Performance (Million Riyal)

Profit Performance

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Analysts Estimates (Million Riyal)

Analysts Estimates

Estimates vs Actual (Million Riyal)

Estimates Accuracy

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