Arabian Waterproofing Industries Co. (Awazel) posted a 21 percent year-on-year (YoY) drop in its net profit to SAR 73.2 million for the fiscal year ended March 31, 2017.
|
Awazel’s Net Profit |
|||
|
Period |
FY ended March 2016 |
FY ended March 2017 |
Variation |
|
Net Profit (SAR mln) |
92.9 |
73.2 |
(21%) |
|
Average number of shares (mln) |
27.3 |
27.3 |
-- |
|
EPS (SAR/share) |
3.40 |
2.68 |
(21%) |
The decline was attributed to a 17 percent fall YoY in revenue to SAR 72.3 million along with an 11 percent drop YoY in other income, as last year's figures included a write-back of SAR 1.8 million in doubtful debt provisions.
|
Awazel’s Income Statement (SAR mln) |
|||
|
Period |
FY ended March 2016 |
FY ended March 2017 |
Variation |
|
Sales |
413.3 |
341.0 |
(17%) |
|
Gross profit margin% |
36 % |
37 % |
+1% |
|
Admin & marketing expenses |
(50.2) |
(48.6) |
+3% |
|
Other income |
5.5 |
4.9 |
(11%) |
Awazel operates through its water and heat proofing division as well as its marble and granite unit, which swung to a net loss of SAR 0.7 million in FY16/17 compared to net profit of SAR 2.6 million a year earlier.
|
Income Statement by Segment (SAR mln) |
||||
|
Period |
Water & Heat Proof segment |
Marble & Granite segment |
||
|
FY ended March 2016 |
FY ended March 2017 |
FY ended March 2016 |
FY ended March 2017 |
|
|
Sales |
384.7 |
322.1 |
28.6 |
18.9 |
|
Gross profit margin% |
37 % |
39 % |
19 % |
10 % |
|
Net profit |
91.0 |
73.7 |
2.6 |
(0.7) |
Awazel's total assets grew by 4 percent YoY in the fiscal year ended March 31, 2017.
The Riyadh-based company paid a quarterly cash dividend of SAR 1.6 per share, totaling SAR 43.6 million, in FY15/16.
|
Significant Balance Sheet Items (SAR mln) |
|||
|
Period |
FY ended March 2016 |
FY ended March 2017 |
Variation |
|
Cash and cash equivalent |
129.7 |
137.0 |
+6% |
|
Real estate investment |
33.3 |
34.6 |
+4% |
|
Equipment & property |
90.0 |
84.7 |
(6%) |
|
Total assets |
465.6 |
482.6 |
+4% |
|
Total liabilities |
70.2 |
59.7 |
(15%) |
|
Capital |
272.9 |
272.9 |
-- |
|
Shareholders’ equity |
390.9 |
418.6 |
+7% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}