SACO’s net profit rises 10% to SAR 88 mln in nine-months 2015
15/10/2015
Argaam Exclusive
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Saudi Company for Hardware (SACO) reported a net profit of SAR 88.2 million for the first nine months of 2015; a 10.4 percent increase compared to the same period last year.
Financials (M)
| Item | 9m 2014 | 9m 2015 | Change |
|---|---|---|---|
| Revenues | 771.09 | 924.17 | 19.9 % |
| Gross Income | 186.28 | 191.30 | 2.7 % |
| Operating Income | 86.19 | 95.60 | 10.9 % |
| Net Income | 79.92 | 88.20 | 10.4 % |
| Average Shares | 36.00 | 36.00 | - |
| EPS (Riyals) | 2.22 | 2.45 | 10.4 % |
The rise in net profit was attributed to higher sales, lower financing charges and a relative decline in operating expenses. The company’s Q3-2015 net profit stood at SAR 18.5 million, 11 percent higher compared to the same quarter last year.
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2014 | Q3 2015 | Change |
|---|---|---|---|
| Revenues | 248.61 | 265.36 | 6.7 % |
| Gross Income | 55.97 | 51.73 | (7.6 %) |
| Operating Income | 18.87 | 20.93 | 10.9 % |
| Net Income | 16.61 | 18.50 | 11.4 % |
| Average Shares | 36.00 | 36.00 | - |
| EPS (Riyals) | 0.46 | 0.51 | 11.4 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2015 | 309.45 | 35.3 % | 66.55 | 20.0 % | 36.28 | 27.3 % |
| Q2 2015 | 349.36 | 18.9 % | 73.02 | (2.4 %) | 38.39 | (1.1 %) |
| Q3 2015 | 265.36 | 6.7 % | 51.73 | (7.6 %) | 20.93 | 10.9 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| Q1 2015 | 33.83 | 32.0 % | 0.94 | - | 33.83 | 0.94 |
| Q2 2015 | 35.87 | (4.8 %) | 1.00 | - | 35.87 | 1.00 |
| Q3 2015 | 18.50 | 11.4 % | 0.51 | - | 18.50 | 0.51 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2015 | 22.53 % | 13.19 % | 10.12 % |
| Q2 2015 | 21.35 % | 12.71 % | 9.51 % |
| Q3 2015 | 20.72 % | 12.77 % | 9.53 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2015 | 36.00 | 3.28 | 3.28 | 11.45 |
| Q2 2015 | 36.00 | 3.23 | 3.23 | 12.45 |
| Q3 2015 | 36.00 | 3.29 | 3.28 | 12.96 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2015 | - | - | - |
| Q2 2015 | 27.52 | 27.59 | 7.15 |
| Q3 2015 | 20.09 | 20.14 | 5.09 |
Business Segments (Million)
Q3 2015
| Period | Retail sector | Wholesale sector |
|---|---|---|
| Q1 2015 | 305.27 | 4.18 |
| Q2 2015 | 345.35 | 4.01 |
| Q3 2015 | 261.48 | 3.89 |
| Current | |
| Market Cap (M Riyal) | 1,161.00 |
| Enterprise Value (EV) (M) | 1,263.32 |
| Shares Outstanding ((M)) | 36.00 |
| EPS ( Riyal) (TTM) | (1.16) |
| Book Value (BV) ( Riyal) | 8.97 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | Neg |
| P/E (TTM) | NEG |
| Price/book | 3.60 |
| Return on Average Assets (%) (TTM) | (3.46 ) |
| Return on Average Equity (%) (TTM) | (12.09 ) |
Share Price
Saudi Company for Hardware (SACO)
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