Al-Omran posts 84% slump in FY19 net profit

18/03/2020 Argaam Exclusive

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Al-Omran Industrial Trading Co. reported a net profit after Zakat and tax of SAR 611,000 for the fiscal year 2019, an 84% plunge year-on-year (YoY) on higher cost of sales, lower profit margins.

Moreover, continuous pressure on selling prices amid high competition also weighed negatively on the annual figures.

Financials (M)

Item	2018	2019	Change‬
Revenues	116.05	115.22	(0.7 %)
Gross Income	23.33	20.90	(10.4 %)
Operating Income	6.54	3.36	(48.6 %)
Net Income	3.70	0.31	(91.7 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.36	0.03	(91.7 %)

Current Half Annual Comparison (M)

Compared With The

Item	H2 2018	H2 2019	Change‬
Revenues	22.11	22.72	2.7 %
Gross Income	2.88	5.73	99.1 %
Operating Income	(0.99)	0.57	157.6 %
Net Income	(1.74)	(1.32)	23.8 %
Average Shares	10.21	10.21	-
EPS (Riyals)	(0.17)	(0.13)	23.8 %

Item	H1 2019	H2 2019	Change‬
Revenues	37.85	22.72	(40.0 %)
Gross Income	5.76	5.73	(0.5 %)
Operating Income	1.71	0.57	(66.5 %)
Net Income	1.22	(1.32)	(208.3 %)
Average Shares	10.21	10.21	-
EPS (Riyals)	0.12	(0.13)	(208.3 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2010	-	-	-	-	-	-
H2 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
H1 2011	-	-	-	-	-	-
H2 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	84.48	-	21.78	-	11.24	-
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	87.05	3.0 %	21.46	(1.5 %)	10.59	(5.7 %)
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	94.68	8.8 %	20.57	(4.1 %)	8.69	(18.0 %)
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	118.81	25.5 %	22.63	10.0 %	9.45	8.7 %
H1 2016	-	-	-	-	-	-
H2 2016	22.45	-	6.57	-	2.16	-
2016	137.09	15.4 %	32.52	43.7 %	17.71	87.5 %
H1 2017	47.78	-	10.89	-	5.96	-
H2 2017	24.11	7.4 %	5.45	(17.0 %)	0.71	(67.0 %)
2017	122.25	(10.8 %)	28.30	(13.0 %)	11.11	(37.3 %)
H1 2018	37.23	(22.1 %)	7.55	(30.7 %)	3.31	(44.4 %)
H2 2018	22.11	(8.3 %)	2.88	(47.2 %)	(0.99)	(239.2 %)
2018	116.05	(5.1 %)	23.33	(17.6 %)	6.54	(41.1 %)
H1 2019	37.85	1.7 %	5.76	(23.7 %)	1.71	(48.4 %)
H2 2019	22.72	2.7 %	5.73	99.1 %	0.57	157.6 %
2019	115.22	(0.7 %)	20.90	(10.4 %)	3.36	(48.6 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	84.48	-	21.78	-	11.24	-
2013	87.05	3.0 %	21.46	(1.5 %)	10.59	(5.7 %)
2014	94.68	8.8 %	20.57	(4.1 %)	8.69	(18.0 %)
2015	118.81	25.5 %	22.63	10.0 %	9.45	8.7 %
2016	137.09	15.4 %	32.52	43.7 %	17.71	87.5 %
2017	122.25	(10.8 %)	28.30	(13.0 %)	11.11	(37.3 %)
2018	116.05	(5.1 %)	23.33	(17.6 %)	6.54	(41.1 %)
2019	115.22	(0.7 %)	20.90	(10.4 %)	3.36	(48.6 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
H1 2010	-	-	-	-	-	-
H2 2010	-	-	-	-	-	-
2010	-	-	-	-	-	-
H1 2011	-	-	-	-	-	-
H2 2011	-	-	-	-	-	-
2011	-	-	-	-	-	-
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	10.37	-	1.02	-	10.37	1.02
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	9.24	(10.9 %)	0.91	-	9.24	0.91
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	7.41	(19.8 %)	0.73	-	7.41	0.73
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	8.05	8.6 %	0.79	-	8.05	0.79
H1 2016	-	-	-	-	-	-
H2 2016	2.10	-	0.21	-	2.10	0.21
2016	16.41	104.0 %	1.61	-	16.41	1.61
H1 2017	5.23	-	0.51	-	5.23	0.51
H2 2017	0.40	(80.8 %)	0.04	-	0.40	0.04
2017	8.90	(45.8 %)	0.87	-	8.90	0.87
H1 2018	2.96	(43.5 %)	0.29	-	2.96	0.29
H2 2018	(1.74)	(530.0 %)	(0.17)	-	(1.74)	(0.17)
2018	3.70	(58.4 %)	0.36	-	3.70	0.36
H1 2019	1.22	(58.6 %)	0.12	-	1.22	0.12
H2 2019	(1.32)	23.8 %	(0.13)	-	(1.32)	(0.13)
2019	0.31	(91.7 %)	0.03	-	0.31	0.03

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	-	-	-	-	-	-
2011	-	-	-	-	-	-
2012	10.37	-	1.02	-	10.37	1.02
2013	9.24	(10.9 %)	0.91	-	9.24	0.91
2014	7.41	(19.8 %)	0.73	-	7.41	0.73
2015	8.05	8.6 %	0.79	-	8.05	0.79
2016	16.41	104.0 %	1.61	-	16.41	1.61
2017	8.90	(45.8 %)	0.87	-	8.90	0.87
2018	3.70	(58.4 %)	0.36	-	3.70	0.36
2019	0.31	(91.7 %)	0.03	-	0.31	0.03

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2010	-	-	-
H2 2010	-	-	-
2010	-	-	-
H1 2011	-	-	-
H2 2011	-	-	-
2011	-	-	-
H1 2012	-	-	-
H2 2012	-	-	-
2012	25.78 %	16.43 %	12.27 %
H1 2013	-	-	-
H2 2013	-	-	-
2013	24.65 %	14.78 %	10.62 %
H1 2014	-	-	-
H2 2014	-	-	-
2014	21.73 %	11.43 %	7.83 %
H1 2015	-	-	-
H2 2015	-	-	-
2015	19.05 %	10.27 %	6.77 %
H1 2016	-	-	-
H2 2016	-	-	-
2016	23.72 %	14.92 %	11.97 %
H1 2017	-	-	-
H2 2017	23.15 %	11.41 %	7.28 %
2017	23.15 %	11.41 %	7.28 %
H1 2018	23.01 %	10.20 %	5.62 %
H2 2018	20.04 %	8.06 %	3.19 %
2018	20.10 %	8.08 %	3.19 %
H1 2019	16.59 %	5.11 %	0.83 %
H2 2019	17.80 %	5.24 %	0.26 %
2019	18.14 %	5.58 %	0.27 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	-	-	-
2011	-	-	-
2012	25.78 %	16.43 %	12.27 %
2013	24.65 %	14.78 %	10.62 %
2014	21.73 %	11.43 %	7.83 %
2015	19.05 %	10.27 %	6.77 %
2016	23.72 %	14.92 %	11.97 %
2017	23.15 %	11.41 %	7.28 %
2018	20.10 %	8.08 %	3.19 %
2019	18.14 %	5.58 %	0.27 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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	29.27 %	13.06 %	9.37 %
H1 2017	22.78 %	13.74 %	10.94 %
H2 2017	22.61 %	6.68 %	1.68 %
H1 2018	20.27 %	10.83 %	7.94 %
H2 2018	13.01 %	(1.44 %)	(7.85 %)
H1 2019	15.21 %	6.29 %	3.23 %
H2 2019	25.22 %	6.17 %	(5.82 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	10.21	-	-	9.89
H1 2017	10.21	-	-	10.63
H2 2017	10.21	0.87	0.87	10.62
H1 2018	10.21	0.59	0.59	11.08
H2 2018	10.21	0.36	0.36	10.41
H1 2019	10.21	0.10	0.10	10.60
H2 2019	10.21	0.03	0.03	10.52

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	-	-	-	-
2011	-	-	-	-
2012	10.21	1.02	1.02	10.19
2013	10.21	0.91	0.91	11.09
2014	10.21	0.73	0.73	11.78
2015	10.21	0.79	0.79	11.94
2016	10.21	1.61	1.61	9.89
2017	10.21	0.87	0.87	10.62
2018	10.21	0.36	0.36	10.41
2019	10.21	0.03	0.03	10.52

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	1.53
H2 2017	13.78	13.78	1.13
H1 2018	18.99	18.99	1.02
H2 2018	37.94	37.94	1.33
H1 2019	More than 100	More than 100	1.18
H2 2019	More than 100	More than 100	2.72

Period	P/E	Adjusted P/E	Price/book
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	13.78	13.78	1.13
2018	38.16	38.16	1.33
2019	More than 100	More than 100	2.72

Business Segments (Million)

Compared With The

Period	The commercial sector	Industrial development
Q4 2019	12.87	9.85

Period	The commercial sector	Industrial development
2019	70.06	45.16

Financial Ratios

	Current
Market Cap (M Riyal)	462.00
Enterprise Value (EV) (M)	460.26
Shares Outstanding ((M))	12.00
Book Value (BV) ( Riyal)	13.30
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
Price/book	2.90

Al-Omran Industrial Trading Co. (ALOMRAN)

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Al-Omran posts 84% slump in FY19 net profit

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Financials (M)

Current Half Annual 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) 2019 Q4

Financial Ratios

Share Price

Al-Omran Industrial Trading Co. (ALOMRAN)

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Al-Omran posts 84% slump in FY19 net profit

View other reports

Financials (M)

Current Half Annual 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) Q4 2019

Revenue by Business Segment (Latest) 2019 Q4

Financial Ratios

Share Price

Al-Omran Industrial Trading Co. (ALOMRAN)

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Business Segments (Million)