GACO net profit slumps 89% to SAR 1.7 mln in 9M 2020

11/11/2020 Argaam Exclusive

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Al Gassim Investment Holding Co. (GACO) reported a net profit after Zakat and tax of SAR 1.7 million for the first nine months of 2020, an 89% slide from SAR 15.5 million in the year-earlier period.

Financials (M)

Item	9m 2019	9m 2020	Change‬
Revenues	9.07	8.70	(4.1 %)
Gross Income	7.75	7.50	(3.3 %)
Operating Income	12.36	3.84	(69.0 %)
Net Income	15.53	0.96	(93.8 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.52	0.03	(93.8 %)

The lower bottom line was attributed to the profit recorded from a change in investment fair values and gains from selling assets at fair value in the period ending September 2019. The company recorded zero profit from the same items in the current period.

In addition, GACO reported a decline in impairment of trade accounts receivables and an increase in Zakat provision for the current period.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2019	Q3 2020	Change‬
Revenues	3.22	2.96	(8.3 %)
Gross Income	2.77	2.56	(7.6 %)
Operating Income	1.39	1.57	12.6 %
Net Income	4.71	(0.28)	(106.0 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.16	(0.01)	(106.0 %)

Item	Q2 2020	Q3 2020	Change‬
Revenues	2.87	2.96	2.9 %
Gross Income	2.46	2.56	4.0 %
Operating Income	1.40	1.57	12.4 %
Net Income	0.54	(0.28)	(152.7 %)
Average Shares	30.00	30.00	-
EPS (Riyals)	0.02	(0.01)	(152.7 %)

The company swung to a net loss after Zakat and tax of SAR 39,000 in Q3 2020, compared to a net profit SAR 4.7 million in Q3 2019. GACO reported nil profit from the sale of financial assets in Q3 2020, as compared to the year-earlier period. It also reported higher Zakat provision and a decline in impairment of trade accounts receivables.

On a quarterly basis, the company turned to losses from a net profit of SAR 1 million in Q2 2020, hit by an increase in the third-quarter Zakat provision.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2011	13.02	(8.6 %)	(1.72)	28.3 %	(3.99)	(0.5 %)
Q2 2011	17.64	9.6 %	1.21	114.9 %	(0.91)	90.7 %
Q3 2011	21.14	(0.2 %)	(3.44)	(1,620.0 %)	(6.05)	(157.4 %)
Q4 2011	11.46	(61.0 %)	(3.69)	(80.9 %)	(7.24)	(12.9 %)
2011	63.26	(21.8 %)	(7.64)	40.2 %	(18.19)	19.4 %
Q1 2012	12.02	(7.7 %)	0.72	141.9 %	(7.86)	(96.9 %)
Q2 2012	21.61	22.5 %	(1.15)	(195.0 %)	(3.72)	(308.4 %)
Q3 2012	22.10	4.5 %	(0.94)	72.7 %	(4.51)	25.5 %
Q4 2012	16.00	39.6 %	(5.45)	(47.7 %)	(11.82)	(63.3 %)
2012	71.73	13.4 %	(6.82)	10.7 %	(27.89)	(53.4 %)
Q1 2013	19.62	63.2 %	(0.90)	(225.0 %)	(3.89)	50.5 %
Q2 2013	20.27	(6.2 %)	3.24	381.7 %	0.22	105.8 %
Q3 2013	18.97	(14.2 %)	(0.71)	24.5 %	(3.49)	22.6 %
Q4 2013	11.13	(30.4 %)	(3.02)	44.6 %	(6.86)	41.9 %
2013	69.99	(2.4 %)	(1.39)	79.6 %	(14.02)	49.7 %
Q1 2014	8.94	(54.4 %)	(3.26)	(262.6 %)	(7.22)	(85.8 %)
Q2 2014	20.06	(1.1 %)	3.00	(7.4 %)	0.28	28.4 %
Q3 2014	14.94	(21.2 %)	0.11	115.9 %	(2.16)	38.2 %
Q4 2014	9.29	(16.5 %)	(1.19)	60.5 %	(3.00)	56.3 %
2014	53.22	(24.0 %)	(1.39)	0.2 %	(15.16)	(8.1 %)
Q1 2015	8.14	(8.9 %)	(0.78)	76.1 %	(2.80)	61.2 %
Q2 2015	14.13	(29.6 %)	2.23	(25.8 %)	(0.14)	(149.6 %)
Q3 2015	12.83	(14.1 %)	(1.76)	(1660.2 %)	(4.18)	(93.7 %)
Q4 2015	11.44	23.2 %	(0.97)	18.8 %	(4.45)	(48.2 %)
2015	46.54	(12.5 %)	(1.28)	7.4 %	(11.56)	23.7 %
Q1 2016	8.08	(0.7 %)	0.57	173.2 %	(1.95)	30.2 %
Q2 2016	5.57	(60.6 %)	3.32	49.0 %	1.33	1069.3 %
Q3 2016	4.14	(67.7 %)	2.94	266.6 %	1.27	130.4 %
Q4 2016	4.34	(62.0 %)	2.85	394.2 %	(0.24)	94.6 %
2016	22.14	(52.4 %)	9.67	853.3 %	0.40	103.5 %
Q1 2017	4.83	(40.2 %)	2.46	332.1 %	0.82	142.1 %
Q2 2017	4.37	(21.6 %)	2.48	(25.2 %)	0.58	(56.5 %)
Q3 2017	4.65	12.2 %	2.56	(12.8 %)	1.17	(7.7 %)
Q4 2017	4.02	(7.6 %)	2.46	(13.8 %)	0.93	485.5 %
2017	17.86	(19.3 %)	9.96	3.0 %	3.50	770.9 %
Q1 2018	2.97	(38.5 %)	2.53	2.7 %	1.31	59.4 %
Q2 2018	2.97	(32.0 %)	2.55	2.9 %	1.46	152.9 %
Q3 2018	3.24	(30.3 %)	2.80	9.5 %	1.87	59.6 %
Q4 2018	2.97	(26.0 %)	2.54	3.5 %	(10.79)	(1261.2 %)
2018	12.16	(31.9 %)	10.42	4.6 %	(6.15)	(275.5 %)
Q1 2019	2.92	(1.6 %)	2.53	0.0 %	9.47	622.9 %
Q2 2019	2.92	(1.6 %)	2.46	(3.8 %)	1.50	2.3 %
Q3 2019	3.22	(0.4 %)	2.77	(1.2 %)	1.39	(25.5 %)
Q4 2019	2.92	(1.6 %)	2.54	(0.1 %)	(42.04)	(289.7 %)
2019	12.00	(1.3 %)	10.29	(1.3 %)	(29.68)	(383.0 %)
Q1 2020	2.87	(1.7 %)	2.48	(1.8 %)	0.87	(90.8 %)
Q2 2020	2.87	(1.7 %)	2.46	0.1 %	1.40	(6.7 %)
Q3 2020	2.96	(8.3 %)	2.56	(7.6 %)	1.57	12.6 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	80.89	(4.0 %)	(12.77)	(688.3 %)	(22.55)	(157.6 %)
2011	63.26	(21.8 %)	(7.64)	40.2 %	(18.19)	19.4 %
2012	71.73	13.4 %	(6.82)	10.7 %	(27.89)	(53.4 %)
2013	69.99	(2.4 %)	(1.39)	79.6 %	(14.02)	49.7 %
2014	53.22	(24.0 %)	(1.39)	0.2 %	(15.16)	(8.1 %)
2015	46.54	(12.5 %)	(1.28)	7.4 %	(11.56)	23.7 %
2016	22.14	(52.4 %)	9.67	853.3 %	0.40	103.5 %
2017	17.86	(19.3 %)	9.96	3.0 %	3.50	770.9 %
2018	12.16	(31.9 %)	10.42	4.6 %	(6.15)	(275.5 %)
2019	12.00	(1.3 %)	10.29	(1.3 %)	(29.68)	(383.0 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2011	(1.87)	(240.8 %)	(0.06)	-	(1.87)	(0.06)
Q2 2011	(1.70)	83.4 %	(0.06)	-	(1.70)	(0.06)
Q3 2011	(5.89)	(132.5 %)	(0.20)	-	(5.89)	(0.20)
Q4 2011	(6.59)	(7.1 %)	(0.22)	-	(6.59)	(0.22)
2011	(16.06)	9.0 %	(0.54)	-	(16.06)	(0.54)
Q1 2012	7.25	487.0 %	0.24	(4.32)	11.57	0.39
Q2 2012	(0.14)	91.6 %	0.00	0.02	(0.16)	(0.01)
Q3 2012	(2.32)	60.7 %	(0.08)	2.27	(4.59)	(0.15)
Q4 2012	(12.31)	(86.7 %)	(0.41)	21.67	(33.98)	(1.13)
2012	(7.52)	53.2 %	(0.25)	19.64	(27.17)	(0.91)
Q1 2013	(3.17)	(143.8 %)	(0.11)	-	(3.17)	(0.11)
Q2 2013	0.05	132.9 %	0.00	-	0.05	0.00
Q3 2013	(2.90)	(25.4 %)	(0.10)	-	(2.90)	(0.10)
Q4 2013	(6.25)	49.2 %	(0.21)	(0.11)	(6.14)	(0.20)
2013	(12.28)	(63.3 %)	(0.41)	(0.11)	(12.17)	(0.41)
Q1 2014	(7.34)	(131.4 %)	(0.24)	-	(7.34)	(0.24)
Q2 2014	2.14	4446.8 %	0.07	-	2.14	0.07
Q3 2014	(1.68)	42.3 %	(0.06)	-	(1.68)	(0.06)
Q4 2014	(5.04)	19.4 %	(0.17)	-	(5.04)	(0.17)
2014	(15.04)	(22.5 %)	(0.50)	-	(15.04)	(0.50)
Q1 2015	(2.98)	59.5 %	(0.10)	-	(2.98)	(0.10)
Q2 2015	0.47	(78.2 %)	0.02	-	0.47	0.02
Q3 2015	(4.18)	(149.6 %)	(0.14)	-	(4.18)	(0.14)
Q4 2015	7.71	253.0 %	0.26	13.80	(6.09)	(0.20)
2015	1.02	106.7 %	0.03	13.80	(12.79)	(0.43)
Q1 2016	95.31	3301.5 %	3.18	98.55	(3.24)	(0.11)
Q2 2016	3.03	551.6 %	0.10	1.83	1.20	0.04
Q3 2016	1.40	133.4 %	0.05	-	1.40	0.05
Q4 2016	59.07	666.2 %	1.97	0.06	59.01	1.97
2016	58.56	5669.5 %	1.95	100.44	(41.88)	(1.40)
Q1 2017	0.21	(99.8 %)	0.01	-	0.21	0.01
Q2 2017	0.71	(76.7 %)	0.02	-	0.71	0.02
Q3 2017	1.48	5.6 %	0.05	-	1.48	0.05
Q4 2017	0.96	(98.4 %)	0.03	-	0.96	0.03
2017	3.34	(94.3 %)	0.11	-	3.34	0.11
Q1 2018	0.29	42.7 %	0.01	-	0.29	0.01
Q2 2018	0.98	37.9 %	0.03	-	0.98	0.03
Q3 2018	1.25	(15.3 %)	0.04	-	1.25	0.04
Q4 2018	(10.23)	(1170.0 %)	(0.34)	-	(10.23)	(0.34)
2018	(7.71)	(330.6 %)	(0.26)	-	(7.71)	(0.26)
Q1 2019	9.36	3082.7 %	0.31	-	9.36	0.31
Q2 2019	1.46	49.5 %	0.05	-	1.46	0.05
Q3 2019	4.71	277.3 %	0.16	-	4.71	0.16
Q4 2019	(30.18)	(195.0 %)	(1.01)	2.58	(32.75)	(1.09)
2019	(14.65)	(90.0 %)	(0.49)	2.58	(17.23)	(0.57)
Q1 2020	0.71	(92.4 %)	0.02	-	0.71	0.02
Q2 2020	0.54	(63.3 %)	0.02	-	0.54	0.02
Q3 2020	(0.28)	(106.0 %)	(0.01)	-	(0.28)	(0.01)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	(17.66)	(154.0 %)	(0.59)	-	(17.66)	(0.59)
2011	(16.06)	9.0 %	(0.54)	-	(16.06)	(0.54)
2012	(7.52)	53.2 %	(0.25)	19.64	(27.17)	(0.91)
2013	(12.28)	(63.3 %)	(0.41)	(0.11)	(12.17)	(0.41)
2014	(15.04)	(22.5 %)	(0.50)	-	(15.04)	(0.50)
2015	1.02	106.7 %	0.03	13.80	(12.79)	(0.43)
2016	58.56	5669.5 %	1.95	100.44	(41.88)	(1.40)
2017	3.34	(94.3 %)	0.11	-	3.34	0.11
2018	(7.71)	(330.6 %)	(0.26)	-	(7.71)	(0.26)
2019	(14.65)	(90.0 %)	(0.49)	2.58	(17.23)	(0.57)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	(15.18 %)	(9.46 %)	(26.18 %)
Q2 2011	(3.39 %)	2.00 %	(15.11 %)
Q3 2011	(7.38 %)	(2.30 %)	(19.25 %)
Q4 2011	(12.08 %)	(2.58 %)	(25.39 %)
2011	(12.08 %)	(2.58 %)	(25.39 %)
Q1 2012	(8.35 %)	(6.03 %)	(4.22 %)
Q2 2012	(11.41 %)	(9.77 %)	(1.64 %)
Q3 2012	(7.53 %)	(5.62 %)	0.33 %
Q4 2012	(9.51 %)	(10.79 %)	(37.87 %)
2012	(9.51 %)	(10.79 %)	(37.87 %)
Q1 2013	(10.64 %)	(7.38 %)	(52.82 %)
Q2 2013	(5.19 %)	(11.88 %)	(53.46 %)
Q3 2013	(5.10 %)	3.87 %	(53.45 %)
Q4 2013	(1.99 %)	11.04 %	(17.39 %)
2013	(1.99 %)	11.04 %	(17.39 %)
Q1 2014	(6.33 %)	16.52 %	(27.55 %)
Q2 2014	(6.76 %)	25.77 %	(24.11 %)
Q3 2014	(5.76 %)	10.24 %	(23.65 %)
Q4 2014	(2.52 %)	17.02 %	(22.40 %)
2014	(2.61 %)	11.28 %	(28.26 %)
Q1 2015	2.18 %	24.87 %	(14.41 %)
Q2 2015	0.79 %	26.29 %	(19.84 %)
Q3 2015	(3.40 %)	22.35 %	(26.44 %)
Q4 2015	(2.76 %)	16.99 %	(27.48 %)
2015	(2.76 %)	16.99 %	(27.47 %)
Q1 2016	0.14 %	13.75 %	(28.08 %)
Q2 2016	3.05 %	10.46 %	(32.48 %)
Q3 2016	20.03 %	18.22 %	(23.05 %)
Q4 2016	43.69 %	26.23 %	263.65 %
2016	43.69 %	26.23 %	(189.20 %)
Q1 2017	61.23 %	35.02 %	327.27 %
Q2 2017	60.66 %	30.70 %	346.70 %
Q3 2017	56.90 %	27.81 %	337.49 %
Q4 2017	55.75 %	34.02 %	18.72 %
2017	55.78 %	34.02 %	18.72 %
Q1 2018	62.64 %	41.04 %	21.45 %
Q2 2018	69.12 %	50.94 %	25.33 %
Q3 2018	78.32 %	61.57 %	26.32 %
Q4 2018	85.74 %	(31.67 %)	(63.43 %)
2018	85.72 %	(31.67 %)	(63.42 %)
Q1 2019	86.08 %	33.51 %	11.17 %
Q2 2019	85.63 %	31.83 %	15.22 %
Q3 2019	85.45 %	25.77 %	43.99 %
Q4 2019	85.77 %	(234.69 %)	(143.60 %)
2019	85.75 %	(234.65 %)	(143.57 %)
Q1 2020	85.75 %	(307.67 %)	(216.59 %)
Q2 2020	86.14 %	(305.63 %)	(225.28 %)
Q3 2020	86.32 %	(308.93 %)	(273.44 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	(15.79 %)	(9.22 %)	(21.83 %)
2011	(12.08 %)	(2.58 %)	(25.39 %)
2012	(9.51 %)	(10.79 %)	(37.87 %)
2013	(1.99 %)	11.04 %	(17.39 %)
2014	(2.61 %)	11.28 %	(28.26 %)
2015	(2.76 %)	16.99 %	(27.47 %)
2016	43.69 %	26.23 %	(189.20 %)
2017	55.78 %	34.02 %	18.72 %
2018	85.72 %	(31.67 %)	(63.42 %)
2019	85.75 %	(234.65 %)	(143.57 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	(13.21 %)	(28.03 %)	(14.38 %)
Q2 2011	6.86 %	35.94 %	(9.66 %)
Q3 2011	(16.27 %)	(10.03 %)	(27.88 %)
Q4 2011	(32.20 %)	(19.20 %)	(57.53 %)
Q1 2012	5.99 %	(48.04 %)	96.21 %
Q2 2012	(5.32 %)	16.77 %	(0.75 %)
Q3 2012	(4.25 %)	2.59 %	(20.75 %)
Q4 2012	(34.06 %)	(38.53 %)	(212.40 %)
Q1 2013	(4.59 %)	(19.80 %)	(16.17 %)
Q2 2013	15.98 %	1.06 %	0.23 %
Q3 2013	(3.74 %)	67.11 %	(15.31 %)
Q4 2013	(27.13 %)	(11.96 %)	(55.18 %)
Q1 2014	(36.49 %)	(20.32 %)	(82.11 %)
Q2 2014	14.96 %	28.15 %	10.65 %
Q3 2014	0.76 %	21.03 %	(11.22 %)
Q4 2014	(12.83 %)	22.50 %	(54.26 %)
Q1 2015	(9.57 %)	26.54 %	(36.56 %)
Q2 2015	15.76 %	34.20 %	3.29 %
Q3 2015	(13.74 %)	6.52 %	(32.61 %)
Q4 2015	(8.46 %)	0.68 %	(53.25 %)
Q1 2016	7.05 %	7.96 %	(40.13 %)
Q2 2016	59.54 %	43.26 %	21.54 %
Q3 2016	70.96 %	53.03 %	33.75 %
Q4 2016	65.56 %	12.87 %	1,358.38 %
Q1 2017	50.96 %	30.00 %	4.26 %
Q2 2017	56.75 %	28.03 %	16.18 %
Q3 2017	55.11 %	39.29 %	31.75 %
Q4 2017	61.15 %	39.28 %	23.81 %
Q1 2018	85.07 %	65.29 %	9.89 %
Q2 2018	85.81 %	70.53 %	32.80 %
Q3 2018	86.53 %	77.58 %	38.57 %
Q4 2018	85.47 %	(349.82 %)	(344.06 %)
Q1 2019	86.46 %	336.80 %	320.01 %
Q2 2019	83.96 %	64.23 %	49.86 %
Q3 2019	85.86 %	55.15 %	146.18 %
Q4 2019	86.80 %	(1424.66 %)	(1120.18 %)
Q1 2020	86.39 %	43.51 %	24.75 %
Q2 2020	85.56 %	79.26 %	18.62 %
Q3 2020	86.50 %	74.90 %	(9.54 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2011	30.00	(0.70)	(0.70)	12.63
Q2 2011	30.00	(0.41)	(0.41)	12.58
Q3 2011	30.00	(0.52)	(0.52)	12.38
Q4 2011	30.00	(0.54)	(0.54)	12.16
Q1 2012	30.00	(0.23)	(0.09)	12.65
Q2 2012	30.00	(0.18)	(0.04)	12.47
Q3 2012	30.00	(0.06)	0.01	12.35
Q4 2012	30.00	(0.25)	(0.91)	11.92
Q1 2013	30.00	(0.60)	(1.40)	11.80
Q2 2013	30.00	(0.59)	(1.39)	11.80
Q3 2013	30.00	(0.61)	(1.33)	11.71
Q4 2013	30.00	(0.41)	(0.41)	11.50
Q1 2014	30.00	(0.55)	(0.54)	11.26
Q2 2014	30.00	(0.48)	(0.48)	11.33
Q3 2014	30.00	(0.44)	(0.43)	11.27
Q4 2014	30.00	(0.40)	(0.40)	11.00
Q1 2015	30.00	(0.25)	(0.25)	10.90
Q2 2015	30.00	(0.31)	(0.31)	10.92
Q3 2015	30.00	(0.39)	(0.39)	10.78
Q4 2015	30.00	0.03	(0.43)	11.03
Q1 2016	30.00	3.31	(0.44)	11.86
Q2 2016	30.00	3.40	(0.41)	11.90
Q3 2016	30.00	3.58	(0.22)	11.91
Q4 2016	30.00	5.29	1.95	10.72
Q1 2017	30.00	2.12	2.06	10.72
Q2 2017	30.00	2.05	2.04	10.74
Q3 2017	30.00	2.05	2.05	10.54
Q4 2017	30.00	0.11	0.11	10.58
Q1 2018	30.00	0.11	0.11	10.59
Q2 2018	30.00	0.12	0.12	10.62
Q3 2018	30.00	0.12	0.12	10.66
Q4 2018	30.00	(0.26)	(0.26)	10.33
Q1 2019	30.00	0.05	0.05	10.64
Q2 2019	30.00	0.06	0.06	10.69
Q3 2019	30.00	0.18	0.18	10.85
Q4 2019	30.00	(0.49)	(0.57)	9.84
Q1 2020	30.00	(0.78)	(0.86)	9.86
Q2 2020	30.00	(0.81)	(0.89)	9.90
Q3 2020	30.00	(0.97)	(1.06)	9.90

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	30.00	(0.59)	(0.59)	12.70
2011	30.00	(0.54)	(0.54)	12.16
2012	30.00	(0.25)	(0.91)	11.92
2013	30.00	(0.41)	(0.41)	11.50
2014	30.00	(0.50)	(0.50)	11.00
2015	30.00	0.03	(0.43)	11.03
2016	30.00	1.95	(1.40)	10.72
2017	30.00	0.11	0.11	10.58
2018	30.00	(0.26)	(0.26)	10.33
2019	30.00	(0.49)	(0.57)	9.84

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2011	NEG	NEG	1.35
Q2 2011	NEG	NEG	1.38
Q3 2011	NEG	NEG	1.31
Q4 2011	NEG	NEG	3.06
Q1 2012	NEG	NEG	3.85
Q2 2012	NEG	NEG	2.31
Q3 2012	NEG	More than 100	2.15
Q4 2012	NEG	NEG	1.97
Q1 2013	NEG	NEG	2.01
Q2 2013	NEG	NEG	1.85
Q3 2013	NEG	NEG	2.01
Q4 2013	NEG	NEG	2.62
Q1 2014	NEG	NEG	2.52
Q2 2014	NEG	NEG	2.28
Q3 2014	NEG	NEG	2.55
Q4 2014	NEG	NEG	1.76
Q1 2015	NEG	NEG	2.11
Q2 2015	NEG	NEG	2.25
Q3 2015	NEG	NEG	1.81
Q4 2015	More than 100	NEG	2.03
Q1 2016	5.05	NEG	1.41
Q2 2016	4.88	NEG	1.39
Q3 2016	3.72	NEG	1.12
Q4 2016	2.95	8.02	1.46
Q1 2017	6.53	6.73	1.29
Q2 2017	6.43	6.43	1.22
Q3 2017	6.55	6.55	1.27
Q4 2017	More than 100	More than 100	1.21
Q1 2018	More than 100	More than 100	1.21
Q2 2018	99.73	99.73	1.16
Q3 2018	91.36	91.36	0.99
Q4 2018	NEG	NEG	1.05
Q1 2019	More than 100	More than 100	1.12
Q2 2019	More than 100	More than 100	1.12
Q3 2019	59.22	59.22	0.96
Q4 2019	NEG	NEG	1.13
Q1 2020	NEG	NEG	0.92
Q2 2020	NEG	NEG	1.32
Q3 2020	NEG	NEG	2.11

Period	P/E	Adjusted P/E	Price/book
2010	NEG	NEG	1.19
2011	NEG	NEG	3.06
2012	NEG	NEG	1.97
2013	NEG	NEG	2.62
2014	NEG	NEG	1.76
2015	More than 100	NEG	2.03
2016	7.99	NEG	1.46
2017	More than 100	More than 100	1.21
2018	NEG	NEG	1.05
2019	NEG	NEG	1.13

Business Segments (Million)

Compared With The

Period	Agri Sector- Shri Project	Agri Sector- Jouf Project	Poultry Project	Dates Factory	Dairy sector	Agricultural Activity
Q1 2013	11.09	2.87	2.50	3.17	-	-
Q2 2013	10.14	4.29	2.50	3.34	-	-
Q3 2013	10.67	4.13	2.50	1.67	-	-
Q4 2013	5.75	1.28	2.50	1.60	-	-
Q1 2014	3.60	0.70	2.50	2.14	-	-
Q2 2014	8.49	4.72	2.50	4.35	-	-
Q3 2014	7.03	4.23	2.50	1.18	-	-
Q4 2014	2.69	2.34	2.50	1.75	-	-
Q1 2015	2.33	0.74	2.50	2.57	-	-
Q2 2015	5.54	3.33	2.50	2.76	-	-
Q3 2015	7.24	2.10	2.50	0.99	-	-
Q4 2015	1.47	5.23	3.89	0.72	-	-
Q1 2016	3.45	0.48	2.50	1.72	-	-
Q2 2016	1.24	-	2.50	2.04	-	-
Q3 2016	1.60	-	1.60	0.65	-	-
Q4 2016	1.39	-	1.21	0.84	-	-
Q1 2017	1.30	-	1.72	1.81	-	-
Q2 2017	1.29	-	1.72	1.35	-	-
Q3 2017	1.53	-	1.72	1.40	-	-
Q4 2017	1.30	-	1.72	1.00	-	-
Q2 2018	1.29	-	1.69	0.91	-	-
Q3 2018	1.55	-	1.69	0.08	-	-
Q4 2018	1.29	-	1.69	-	-	-
Q1 2019	1.28	-	1.65	-	-	-
Q2 2019	1.28	-	1.65	-	-	-
Q3 2019	1.58	-	1.65	-	-	-
Q4 2019	1.28	-	1.65	-	-	-
Q1 2020	1.27	-	1.60	-	-	-

Period	Agri Sector- Shri Project	Agri Sector- Jouf Project	Poultry Project	Dates Factory	Dairy sector	Agricultural Activity
2010	25.69	25.92	19.05	10.23	-	-
2011	17.64	17.77	17.04	10.80	-	-
2012	38.20	21.20	7.42	4.91	-	-
2013	37.65	12.57	10.00	9.77	-	-
2014	21.81	11.99	10.00	9.41	-	-
2015	16.71	11.41	11.39	7.04	-	-
2016	7.68	0.48	8.71	5.26	-	-
2017	5.41	-	6.90	5.55	-	-
2018	5.41	-	6.74	-	-	-
2019	5.42	-	6.58	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	566.40
Enterprise Value (EV) (M)	517.15
Shares Outstanding ((M))	30.00
EPS ( Riyal) (TTM)	(0.34)
Book Value (BV) ( Riyal)	9.72
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.94
Return on Average Assets (%) (TTM)	(2.39 )
Return on Average Equity (%) (TTM)	(3.48 )

Al Gassim Investment Holding Co. (GACO)

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GACO net profit slumps 89% to SAR 1.7 mln in 9M 2020

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2020 Q3

Financial Ratios

Share Price

Al Gassim Investment Holding Co. (GACO)

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GACO net profit slumps 89% to SAR 1.7 mln in 9M 2020

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2020

Revenue by Business Segment (Latest) 2020 Q3

Financial Ratios

Share Price

Al Gassim Investment Holding Co. (GACO)

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Business Segments (Million)