TADCO trims net losses to SAR 11.6 mln in H1 2020

23/08/2020 Argaam Exclusive

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Tabuk Agricultural Development Co. (TADCO) narrowed its net losses after Zakat and tax by 86.8% to SAR 11.6 million for the first half of 2020, compared to SAR 87.8 million a year earlier.

The decline in losses was attributed to higher sales, lower cost of sales and a decrease in inventory write-down and crops impairment in addition to lower selling and distribution expenses. TADCO allocated zero loan guarantee provisions for an associate and an affiliate.

Financials (M)

Item	6m 2019	6m 2020	Change‬
Revenues	48.05	71.98	49.8 %
Gross Income	(25.31)	13.53	153.5 %
Operating Income	(49.81)	(8.77)	82.4 %
Net Income	(86.54)	(11.24)	87.0 %
Average Shares	33.73	33.73	-
EPS (Riyals)	(2.57)	(0.33)	87.0 %

The company also cut net losses after Zakat and tax to SAR 6.2 million in Q2 2020, from SAR 62.7 million in prior-year period, driven by higher sales, lower cost of sales and a decrease in inventory write-down and crops impairment in addition to lower selling and distribution expenses.

The company also reported a rise in net other income and lower finance costs.

When compared to the previous quarter, TADCO widened net losses by 3.8% on higher losses from inventory write-downs, and increased selling, distribution, general and administrative expenses. TADCO reported higher finance costs and Zakat expenses, due to the consolidation of subsidiaries’ financial results starting Q2 2020.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2019	Q2 2020	Change‬
Revenues	34.71	37.31	7.5 %
Gross Income	(13.37)	7.05	152.7 %
Operating Income	(25.26)	(4.71)	81.4 %
Net Income	(62.28)	(5.53)	91.1 %
Average Shares	33.73	33.73	-
EPS (Riyals)	(1.85)	(0.16)	91.1 %

Item	Q1 2020	Q2 2020	Change‬
Revenues	34.67	37.31	7.6 %
Gross Income	6.49	7.05	8.6 %
Operating Income	(4.06)	(4.71)	(16.1 %)
Net Income	(5.08)	(5.53)	(8.9 %)
Average Shares	33.73	33.73	-
EPS (Riyals)	(0.15)	(0.16)	(8.9 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2011	20.69	110.7 %	11.57	130.2 %	8.34	459.6 %
Q2 2011	39.31	22.7 %	21.14	41.1 %	10.67	72.8 %
Q3 2011	71.23	112.1 %	35.81	229.9 %	19.20	949.1 %
Q4 2011	42.54	(43.3 %)	12.47	(53.6 %)	(3.07)	(137.8 %)
2011	173.76	15.4 %	80.99	40.3 %	35.15	154.8 %
Q1 2012	15.56	(24.8 %)	7.46	(35.6 %)	3.25	(61.1 %)
Q2 2012	33.95	(13.6 %)	17.23	(18.5 %)	7.27	(31.9 %)
Q3 2012	67.83	(4.8 %)	28.14	(21.4 %)	9.49	(50.6 %)
Q4 2012	38.74	(8.9 %)	17.21	38.0 %	(5.13)	(67.3 %)
2012	156.08	(10.2 %)	70.03	(13.5 %)	14.88	(57.7 %)
Q1 2013	10.83	(30.4 %)	4.88	(34.5 %)	1.42	(56.3 %)
Q2 2013	38.50	13.4 %	15.50	(10.0 %)	3.10	(57.3 %)
Q3 2013	41.87	(38.3 %)	19.30	(31.4 %)	1.29	(86.4 %)
Q4 2013	29.79	(23.1 %)	12.41	(27.9 %)	(6.89)	(34.4 %)
2013	120.99	(22.5 %)	52.10	(25.6 %)	(1.08)	(107.2 %)
Q1 2014	20.67	90.8 %	7.26	48.6 %	2.04	43.6 %
Q2 2014	29.12	(24.4 %)	11.36	(26.7 %)	(1.26)	(140.5 %)
Q3 2014	51.12	22.1 %	16.79	(13.0 %)	0.66	(48.8 %)
Q4 2014	53.12	78.3 %	22.04	77.6 %	3.42	149.6 %
2014	154.02	27.3 %	57.45	10.3 %	4.86	551.9 %
Q1 2015	26.54	28.4 %	12.68	74.7 %	5.78	184.1 %
Q2 2015	28.25	(3.0 %)	10.71	(5.7 %)	(2.19)	(74.1 %)
Q3 2015	44.26	(13.4 %)	18.88	12.5 %	4.99	653.5 %
Q4 2015	52.77	(0.6 %)	17.42	(21.0 %)	(2.82)	(182.4 %)
2015	151.82	(1.4 %)	59.70	3.9 %	5.77	18.6 %
Q1 2016	13.27	(50.0 %)	6.22	(51.0 %)	(3.44)	(159.5 %)
Q2 2016	23.45	(17.0 %)	6.09	(43.2 %)	(6.04)	(176.3 %)
Q3 2016	23.90	(46.0 %)	4.59	(75.7 %)	(10.08)	(302.1 %)
Q4 2016	32.39	(38.6 %)	1.29	(92.6 %)	(22.15)	(685.7 %)
2016	93.00	(38.7 %)	18.18	(69.5 %)	(41.72)	(823.6 %)
Q1 2017	20.66	55.7 %	4.80	(22.8 %)	(3.37)	2.1 %
Q2 2017	23.01	(1.9 %)	9.31	53.0 %	(2.15)	64.5 %
Q3 2017	26.65	11.5 %	6.32	37.7 %	(9.94)	1.4 %
Q4 2017	36.85	13.8 %	6.06	368.4 %	(14.89)	32.8 %
2017	107.18	15.2 %	26.48	45.7 %	(30.35)	27.2 %
Q1 2018	20.13	(2.6 %)	2.82	(41.3 %)	(6.17)	(83.1 %)
Q2 2018	26.37	14.6 %	8.08	(13.2 %)	(3.31)	(54.2 %)
Q3 2018	25.20	(5.4 %)	3.76	(40.4 %)	(15.90)	(59.9 %)
Q4 2018	27.28	(26.0 %)	(1.53)	(125.2 %)	(20.75)	(39.3 %)
2018	98.98	(7.7 %)	14.09	(46.8 %)	(46.63)	(53.6 %)
Q1 2019	8.17	(59.4 %)	(11.39)	(504.6 %)	(23.04)	(273.1 %)
Q2 2019	34.71	31.6 %	(13.37)	(265.4 %)	(25.26)	(663.9 %)
Q3 2019	50.67	101.1 %	(1.78)	(147.2 %)	(17.21)	(8.3 %)
Q4 2019	47.80	75.2 %	(7.51)	(391.6 %)	(37.96)	(83.0 %)
2019	146.52	48.0 %	(34.60)	(345.6 %)	(104.99)	(125.2 %)
Q1 2020	34.67	324.2 %	6.49	156.9 %	(4.06)	82.4 %
Q2 2020	37.31	7.5 %	7.05	152.7 %	(4.71)	81.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	150.51	(10.3 %)	57.74	9.0 %	13.79	58.5 %
2011	173.76	15.4 %	80.99	40.3 %	35.15	154.8 %
2012	156.08	(10.2 %)	70.03	(13.5 %)	14.88	(57.7 %)
2013	120.99	(22.5 %)	52.10	(25.6 %)	(1.08)	(107.2 %)
2014	154.02	27.3 %	57.45	10.3 %	4.86	551.9 %
2015	151.82	(1.4 %)	59.70	3.9 %	5.77	18.6 %
2016	93.00	(38.7 %)	18.18	(69.5 %)	(41.72)	(823.6 %)
2017	107.18	15.2 %	26.48	45.7 %	(30.35)	27.2 %
2018	98.98	(7.7 %)	14.09	(46.8 %)	(46.63)	(53.6 %)
2019	146.52	48.0 %	(34.60)	(345.6 %)	(104.99)	(125.2 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2011	8.21	422.8 %	0.37	-	8.21	0.37
Q2 2011	10.03	84.1 %	0.45	-	10.03	0.45
Q3 2011	18.00	1361.1 %	0.80	-	18.00	0.80
Q4 2011	(3.13)	(141.9 %)	(0.14)	-	(3.13)	(0.14)
2011	33.10	185.0 %	1.47	-	33.10	1.47
Q1 2012	3.55	(56.7 %)	0.16	-	3.55	0.16
Q2 2012	7.03	(29.9 %)	0.31	-	7.03	0.31
Q3 2012	8.55	(52.5 %)	0.38	-	8.55	0.38
Q4 2012	(9.19)	(193.7 %)	(0.41)	(3.02)	(6.18)	(0.27)
2012	9.94	(70.0 %)	0.44	(3.02)	12.96	0.58
Q1 2013	1.51	(57.4 %)	0.07	-	1.51	0.07
Q2 2013	2.50	(64.5 %)	0.11	-	2.50	0.11
Q3 2013	1.05	(87.7 %)	0.05	-	1.05	0.05
Q4 2013	(19.90)	(116.5 %)	(0.89)	-	(19.90)	(0.89)
2013	(14.84)	(249.2 %)	(0.66)	-	(14.84)	(0.66)
Q1 2014	1.74	15.1 %	0.08	-	1.74	0.08
Q2 2014	0.50	(79.9 %)	0.02	-	0.50	0.02
Q3 2014	3.27	211.2 %	0.15	-	3.27	0.15
Q4 2014	1.68	108.5 %	0.07	-	1.68	0.07
2014	7.20	148.5 %	0.32	-	7.20	0.32
Q1 2015	4.53	159.8 %	0.13	-	4.53	0.13
Q2 2015	0.18	(64.6 %)	0.01	-	0.18	0.01
Q3 2015	3.45	5.4 %	0.10	-	3.45	0.10
Q4 2015	(2.86)	(270.1 %)	(0.08)	-	(2.86)	(0.08)
2015	5.39	(25.2 %)	0.16	-	5.39	0.16
Q1 2016	(6.77)	(249.7 %)	(0.20)	-	(6.77)	(0.20)
Q2 2016	(4.61)	(2691.0 %)	(0.14)	-	(4.61)	(0.14)
Q3 2016	(11.26)	(426.7 %)	(0.33)	-	(11.26)	(0.33)
Q4 2016	(19.58)	(584.4 %)	(0.58)	(6.46)	(13.12)	(0.39)
2016	(42.22)	(884.1 %)	(1.25)	(6.46)	(35.77)	(1.06)
Q1 2017	(3.74)	44.8 %	(0.11)	-	(3.74)	(0.11)
Q2 2017	(2.15)	53.4 %	(0.06)	-	(2.15)	(0.06)
Q3 2017	(13.44)	(19.4 %)	(0.40)	-	(13.44)	(0.40)
Q4 2017	(10.92)	44.2 %	(0.32)	4.18	(15.09)	(0.45)
2017	(30.29)	28.3 %	(0.90)	4.18	(34.47)	(1.02)
Q1 2018	(5.66)	(51.2 %)	(0.17)	0.42	(6.07)	(0.18)
Q2 2018	6.61	407.8 %	0.20	10.75	(4.14)	(0.12)
Q3 2018	(7.51)	44.1 %	(0.22)	9.08	(16.59)	(0.49)
Q4 2018	(55.54)	(408.8 %)	(1.65)	(32.39)	(23.15)	(0.69)
2018	(62.10)	(105.0 %)	(1.84)	(12.14)	(49.96)	(1.48)
Q1 2019	(23.51)	(315.6 %)	(0.70)	(0.36)	(23.15)	(0.69)
Q2 2019	(62.28)	(1042.5 %)	(1.85)	(36.30)	(25.98)	(0.77)
Q3 2019	(55.67)	(641.4 %)	(1.65)	(24.42)	(31.26)	(0.93)
Q4 2019	(37.57)	32.4 %	(1.11)	(2.12)	(35.45)	(1.05)
2019	(179.79)	(189.5 %)	(5.33)	(63.20)	(116.58)	(3.46)
Q1 2020	(5.08)	78.4 %	(0.15)	-	(5.08)	(0.15)
Q2 2020	(5.53)	91.1 %	(0.16)	-	(5.53)	(0.16)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	11.62	64.9 %	0.52	-	11.62	0.52
2011	33.10	185.0 %	1.47	-	33.10	1.47
2012	9.94	(70.0 %)	0.44	(3.02)	12.96	0.58
2013	(14.84)	(249.2 %)	(0.66)	-	(14.84)	(0.66)
2014	7.20	148.5 %	0.32	-	7.20	0.32
2015	5.39	(25.2 %)	0.16	-	5.39	0.16
2016	(42.22)	(884.1 %)	(1.25)	(6.46)	(35.77)	(1.06)
2017	(30.29)	28.3 %	(0.90)	4.18	(34.47)	(1.02)
2018	(62.10)	(105.0 %)	(1.84)	(12.14)	(49.96)	(1.48)
2019	(179.79)	(189.5 %)	(5.33)	(63.20)	(116.58)	(3.46)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	39.83 %	29.68 %	13.86 %
Q2 2011	41.76 %	31.25 %	15.98 %
Q3 2011	46.24 %	33.70 %	21.19 %
Q4 2011	46.61 %	33.31 %	19.05 %
2011	46.61 %	33.31 %	19.05 %
Q1 2012	45.58 %	31.07 %	16.87 %
Q2 2012	44.68 %	29.72 %	15.59 %
Q3 2012	40.83 %	24.09 %	10.01 %
Q4 2012	44.87 %	23.43 %	8.30 %
2012	44.87 %	23.43 %	8.30 %
Q1 2013	44.57 %	23.32 %	7.21 %
Q2 2013	42.16 %	20.36 %	4.09 %
Q3 2013	43.79 %	18.59 %	(0.86 %)
Q4 2013	43.06 %	18.83 %	(12.26 %)
2013	43.06 %	18.83 %	(12.26 %)
Q1 2014	41.64 %	17.93 %	(11.17 %)
Q2 2014	41.45 %	15.87 %	(13.67 %)
Q3 2014	36.59 %	14.30 %	(11.00 %)
Q4 2014	37.30 %	18.84 %	4.67 %
2014	37.30 %	18.84 %	4.67 %
Q1 2015	39.32 %	20.78 %	6.24 %
Q2 2015	39.13 %	20.69 %	6.07 %
Q3 2015	42.27 %	24.88 %	6.46 %
Q4 2015	39.32 %	21.25 %	3.48 %
2015	39.32 %	21.25 %	3.55 %
Q1 2016	38.42 %	16.98 %	(4.34 %)
Q2 2016	36.34 %	9.76 %	(8.07 %)
Q3 2016	30.26 %	(7.71 %)	(22.49 %)
Q4 2016	19.55 %	(9.91 %)	(38.46 %)
2016	19.55 %	(9.91 %)	(38.46 %)
Q1 2017	16.70 %	(9.62 %)	(32.61 %)
Q2 2017	20.00 %	1.76 %	(30.28 %)
Q3 2017	21.14 %	3.21 %	(31.59 %)
Q4 2017	24.71 %	(1.20 %)	(32.11 %)
2017	24.71 %	(1.20 %)	(32.16 %)
Q1 2018	22.97 %	(2.70 %)	(34.46 %)
Q2 2018	21.15 %	(3.44 %)	(35.22 %)
Q3 2018	19.08 %	(2.94 %)	(38.59 %)
Q4 2018	13.27 %	(15.31 %)	(50.47 %)
2018	14.23 %	(15.82 %)	(50.47 %)
Q1 2019	(1.23 %)	(37.02 %)	(77.03 %)
Q2 2019	(23.62 %)	(57.49 %)	(93.19 %)
Q3 2019	(23.23 %)	(47.24 %)	(85.69 %)
Q4 2019	(24.09 %)	(50.93 %)	(81.94 %)
2019	(23.61 %)	(50.16 %)	(79.57 %)
Q1 2020	(9.63 %)	(31.19 %)	(58.25 %)
Q2 2020	2.49 %	(18.96 %)	(45.36 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	38.36 %	25.21 %	7.72 %
2011	46.61 %	33.31 %	19.05 %
2012	44.87 %	23.43 %	8.30 %
2013	43.06 %	18.83 %	(12.26 %)
2014	37.30 %	18.84 %	4.67 %
2015	39.32 %	21.25 %	3.55 %
2016	19.55 %	(9.91 %)	(38.46 %)
2017	24.71 %	(1.20 %)	(32.16 %)
2018	14.23 %	(15.82 %)	(50.47 %)
2019	(23.61 %)	(50.16 %)	(79.57 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	55.94 %	67.51 %	39.66 %
Q2 2011	53.79 %	41.63 %	25.51 %
Q3 2011	50.27 %	34.99 %	25.27 %
Q4 2011	29.30 %	6.18 %	(7.36 %)
Q1 2012	47.91 %	54.53 %	22.84 %
Q2 2012	50.74 %	36.80 %	20.72 %
Q3 2012	41.49 %	21.98 %	12.60 %
Q4 2012	44.42 %	1.76 %	(15.94 %)
Q1 2013	45.11 %	66.63 %	13.97 %
Q2 2013	40.26 %	23.19 %	6.49 %
Q3 2013	46.11 %	17.51 %	2.51 %
Q4 2013	41.66 %	(2.32 %)	(66.79 %)
Q1 2014	35.13 %	38.16 %	8.43 %
Q2 2014	39.00 %	16.30 %	1.73 %
Q3 2014	32.85 %	13.19 %	6.40 %
Q4 2014	41.50 %	18.14 %	3.17 %
Q1 2015	47.78 %	45.57 %	17.05 %
Q2 2015	37.93 %	15.67 %	0.63 %
Q3 2015	42.66 %	26.45 %	7.79 %
Q4 2015	33.01 %	7.63 %	(5.42 %)
Q1 2016	46.84 %	25.32 %	(51.05 %)
Q2 2016	25.95 %	(25.77 %)	(19.67 %)
Q3 2016	19.20 %	(42.19 %)	(47.12 %)
Q4 2016	3.99 %	10.94 %	(40.52 %)
Q1 2017	23.23 %	14.13 %	(18.11 %)
Q2 2017	40.45 %	23.38 %	(9.33 %)
Q3 2017	23.70 %	(32.04 %)	(50.42 %)
Q4 2017	16.43 %	(2.83 %)	(40.95 %)
Q1 2018	13.99 %	6.57 %	(30.18 %)
Q2 2018	30.64 %	16.95 %	(15.71 %)
Q3 2018	14.94 %	(31.51 %)	(65.82 %)
Q4 2018	(5.60 %)	(47.70 %)	(84.88 %)
Q1 2019	(139.38 %)	(192.54 %)	(283.25 %)
Q2 2019	(38.51 %)	(52.26 %)	(74.84 %)
Q3 2019	(3.51 %)	(20.13 %)	(61.69 %)
Q4 2019	(15.71 %)	(58.40 %)	(74.16 %)
Q1 2020	18.71 %	11.27 %	(14.65 %)
Q2 2020	18.89 %	5.08 %	(14.82 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2011	22.48	0.99	0.99	16.09
Q2 2011	22.48	1.20	1.20	16.52
Q3 2011	22.48	1.94	1.94	17.30
Q4 2011	22.48	1.47	1.47	16.51
Q1 2012	22.48	1.27	1.27	16.48
Q2 2012	22.48	1.13	1.13	16.74
Q3 2012	22.48	0.71	0.71	17.13
Q4 2012	22.48	0.44	0.58	16.23
Q1 2013	22.48	0.35	0.49	16.39
Q2 2013	22.48	0.15	0.28	16.25
Q3 2013	22.48	(0.18)	(0.05)	16.48
Q4 2013	22.48	(0.66)	(0.66)	15.47
Q1 2014	22.48	(0.65)	(0.65)	15.61
Q2 2014	22.48	(0.74)	(0.74)	15.57
Q3 2014	22.48	(0.64)	(0.64)	15.72
Q4 2014	22.48	0.32	0.32	15.79
Q1 2015	33.73	0.30	0.30	18.07
Q2 2015	33.73	0.29	0.29	18.08
Q3 2015	33.73	0.29	0.29	18.18
Q4 2015	33.73	0.16	0.16	18.10
Q1 2016	33.73	(0.18)	(0.18)	17.99
Q2 2016	33.73	(0.32)	(0.32)	17.18
Q3 2016	33.73	(0.76)	(0.76)	16.81
Q4 2016	33.73	(1.25)	(1.06)	16.39
Q1 2017	33.73	(1.16)	(0.97)	16.28
Q2 2017	33.73	(1.09)	(0.90)	16.22
Q3 2017	33.73	(1.15)	(0.96)	15.82
Q4 2017	33.73	(0.90)	(1.02)	15.50
Q1 2018	33.73	(0.95)	(1.09)	15.33
Q2 2018	33.73	(0.69)	(1.15)	15.46
Q3 2018	33.73	(0.52)	(1.24)	15.24
Q4 2018	33.73	(1.84)	(1.48)	13.58
Q1 2019	33.73	(2.37)	(1.99)	12.89
Q2 2019	33.73	(4.41)	(2.63)	10.91
Q3 2019	33.73	(5.84)	(3.07)	9.24
Q4 2019	33.73	(5.31)	(3.43)	8.28
Q1 2020	33.73	(4.76)	(2.90)	8.15
Q2 2020	33.73	(3.08)	(2.29)	7.93

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	22.48	0.52	0.52	15.88
2011	22.48	1.47	1.47	16.51
2012	22.48	0.44	0.58	16.23
2013	22.48	(0.66)	(0.66)	15.47
2014	22.48	0.32	0.32	15.79
2015	33.73	0.16	0.16	18.10
2016	33.73	(1.25)	(1.06)	16.39
2017	33.73	(0.90)	(1.02)	15.50
2018	33.73	(1.84)	(1.48)	13.58
2019	33.73	(5.33)	(3.46)	8.28

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2011	31.36	31.36	1.94
Q2 2011	32.63	32.63	2.37
Q3 2011	21.63	21.63	2.43
Q4 2011	34.77	34.77	3.10
Q1 2012	44.88	44.88	3.45
Q2 2012	34.53	34.53	2.34
Q3 2012	68.00	68.00	2.83
Q4 2012	More than 100	83.98	2.98
Q1 2013	More than 100	More than 100	3.30
Q2 2013	More than 100	More than 100	3.92
Q3 2013	NEG	NEG	3.49
Q4 2013	NEG	NEG	3.48
Q1 2014	NEG	NEG	3.58
Q2 2014	NEG	NEG	4.03
Q3 2014	NEG	NEG	4.29
Q4 2014	More than 100	More than 100	2.50
Q1 2015	91.17	91.17	1.49
Q2 2015	94.02	94.02	1.49
Q3 2015	66.76	66.76	1.07
Q4 2015	More than 100	More than 100	1.11
Q1 2016	NEG	NEG	0.92
Q2 2016	NEG	NEG	1.13
Q3 2016	NEG	NEG	0.82
Q4 2016	NEG	NEG	1.08
Q1 2017	NEG	NEG	1.17
Q2 2017	NEG	NEG	1.25
Q3 2017	NEG	NEG	1.33
Q4 2017	NEG	NEG	1.31
Q1 2018	NEG	NEG	1.22
Q2 2018	NEG	NEG	1.16
Q3 2018	NEG	NEG	1.02
Q4 2018	NEG	NEG	1.13
Q1 2019	NEG	NEG	1.21
Q2 2019	NEG	NEG	1.27
Q3 2019	NEG	NEG	1.33
Q4 2019	NEG	NEG	1.74
Q1 2020	NEG	NEG	1.32
Q2 2020	NEG	NEG	1.75

Period	P/E	Adjusted P/E	Price/book
2010	56.91	56.91	1.85
2011	34.77	34.77	3.10
2012	More than 100	83.99	2.98
2013	NEG	NEG	3.48
2014	More than 100	More than 100	2.50
2015	More than 100	More than 100	1.11
2016	NEG	NEG	1.08
2017	NEG	NEG	1.31
2018	NEG	NEG	1.13
2019	NEG	NEG	1.74

Business Segments (Million)

Compared With The

Period	Frozen meat	Cereals	Fruits	Feeding	Others	Vegetables	Food products	Sales - Sheep	Sales - trees
Q1 2016	-	0.02	-	5.50	-	5.85	1.71	-	0.20
Q2 2016	-	2.13	13.90	3.32	-	2.60	1.39	-	0.10
Q3 2016	-	1.03	12.60	5.20	-	5.41	(0.41)	-	(0.04)
Q4 2016	-	2.62	0.47	15.27	-	11.57	2.24	0.15	0.18
Q1 2017	-	2.29	0.05	11.32	-	5.41	1.52	0.02	0.05
Q2 2017	-	1.46	11.56	6.64	-	2.08	1.09	0.07	0.12
Q3 2017	-	2.97	8.97	10.88	-	2.87	0.77	0.11	0.07
Q4 2017	-	6.37	2.46	19.52	-	5.38	2.62	0.07	0.45
Q1 2018	-	3.52	1.69	10.18	-	2.58	1.34	0.04	0.79
Q2 2018	-	(3.52)	9.20	11.22	9.50	2.14	(1.34)	(0.04)	(0.79)
Q3 2018	-	18.73	8.22	(2.64)	(1.97)	2.85	-	-	-
Q4 2018	-	(7.65)	8.04	18.84	(1.96)	10.00	-	-	-
Q1 2019	-	1.21	0.07	2.52	1.44	2.93	-	-	-
Q2 2019	-	1.00	9.53	9.41	1.06	0.60	-	-	-
Q3 2019	-	9.77	9.55	(0.14)	7.67	4.42	-	-	-
Q1 2020	7.27	2.68	1.48	19.60	0.93	2.71	-	-	-
Q2 2020	2.78	6.81	8.84	17.67	1.13	0.08	-	-	-

Period	Frozen meat	Cereals	Fruits	Feeding	Others	Vegetables	Food products	Sales - Sheep	Sales - trees
2016	-	5.80	26.98	29.29	-	25.42	4.93	0.15	0.44
2017	-	13.10	23.03	48.36	-	15.74	6.00	0.26	0.69
2018	-	11.09	27.15	37.61	5.57	17.57	-	-	-
2019	22.73	20.66	20.18	68.45	1.10	13.40	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	582.85
Enterprise Value (EV) (M)	649.03
Shares Outstanding ((M))	39.17
EPS ( Riyal) (TTM)	(1.72)
Book Value (BV) ( Riyal)	7.17
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.07
Return on Average Assets (%) (TTM)	(13.42 )
Return on Average Equity (%) (TTM)	(21.32 )

Tabuk Agricultural Development Co. (TADCO)

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TADCO trims net losses to SAR 11.6 mln in H1 2020

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Financials (M)

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TADCO trims net losses to SAR 11.6 mln in H1 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) Q2 2020

Revenue by Business Segment (Latest) 2020 Q2

Financial Ratios

Share Price

Tabuk Agricultural Development Co. (TADCO)

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Business Segments (Million)