Arab Sea swings to net profit of SAR 1.5 mln in H1

Arab Sea swings to net profit of SAR 1.5 mln in H1

31/07/2017 Argaam Exclusive

View other reports

 

Arab Sea Information Systems Co. swung to a net profit of SAR 1.46 million for the first half of 2017, attributed to a 5 percent rise in operating revenue, lower operating costs, selling, general, and administrative expenses.

 

The company had posted a net loss of SAR 1.09 million in the same period last year.



Financials (M)

Item 6m 2016 6m 2017 Change‬
Revenues 23.88 25.09 5.0 %
Gross Income 6.42 8.46 31.8 %
Operating Income (1.09) 1.63 249.2 %
Net Income (1.10) 1.46 233.0 %
Average Shares 100.00 100.00 -
EPS (Riyals) (0.01) 0.01 233.0 %

Arab Sea made a net profit of SAR 789,125 in Q2 2017 versus a net loss of SAR 369,864 in the same quarter last year. This quarter’s profit was backed by higher operating revenue and lower operating costs, the company said in a statement. Net profit also jumped 18.3 percent quarter-on-quarter.



Current Half Annual Comparison (M)

Compared With The
Item H1 2016 H1 2017 Change‬
Revenues 11.31 11.63 2.9 %
Gross Income 3.46 4.02 16.2 %
Operating Income (0.45) 0.88 295.7 %
Net Income (0.37) 0.79 313.2 %
Average Shares 100.00 100.00 -
EPS (Riyals) 0.00 0.01 313.2 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2008 - - - - - -
H2 2008 - - - - - -
H1 2009 - - - - - -
H2 2009 - - - - - -
H1 2010 - - - - - -
H2 2010 - - - - - -
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 13.97 - 7.92 - 3.06 -
H1 2016 11.31 - 3.46 - (0.45) -
H2 2016 14.97 7.2 % 5.53 (30.2 %) 1.14 (62.7 %)
H1 2017 11.63 2.9 % 4.02 16.2 % 0.88 295.7 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2008 - - - - - -
H2 2008 - - - - - -
H1 2009 - - - - - -
H2 2009 - - - - - -
H1 2010 - - - - - -
H2 2010 - - - - - -
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 2.77 - 0.03 - 2.77 0.03
H1 2016 (0.37) - 0.00 - (0.37) 0.00
H2 2016 0.72 (74.2 %) 0.01 - 0.72 0.01
H1 2017 0.79 313.2 % 0.01 - 0.79 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2008 - - -
H2 2008 - - -
H1 2009 - - -
H2 2009 - - -
H1 2010 - - -
H2 2010 - - -
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 39.57 % 30.62 % 10.19 %
H1 2017 42.51 % 35.91 % 14.76 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2008 - - - -
H2 2008 - - - -
H1 2009 - - - -
H2 2009 - - - -
H1 2010 - - - -
H2 2010 - - - -
H1 2011 - - - -
H2 2011 - - - -
H1 2012 - - - -
H2 2012 - - - -
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 100.00 - - 1.83
H1 2016 100.00 - - 1.82
H2 2016 100.00 0.05 0.05 1.88
H1 2017 100.00 0.08 0.08 1.90

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2008 - - -
H2 2008 - - -
H1 2009 - - -
H2 2009 - - -
H1 2010 - - -
H2 2010 - - -
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 18.20 18.20 0.75


Financial Ratios
Current
Market Cap (M Riyal) 707.00
Enterprise Value (EV) (M) 703.33
Shares Outstanding ((M)) 100.00
Book Value (BV) ( Riyal) 1.27
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) Neg
Price/book 5.56
more

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.