Al-Omran’s net profit down 59% in H1 2019

Al-Omran’s net profit down 59% in H1 2019

07/02/2019 Argaam Exclusive

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Al-Omran Industries & Trading Co. reported a net profit after zakat and tax of SAR 1.89 million for H1 2019, down 59.3 percent year-on-year (YoY) on higher operating expenses and cost of financing. 



Financials (M)

Item 6m 2018 6m 2019 Change‬
Revenues 59.43 61.45 3.4 %
Gross Income 13.87 10.53 (24.1 %)
Operating Income 5.61 2.79 (50.3 %)
Net Income 4.65 1.94 (58.4 %)
Average Shares 10.21 10.21 -
EPS (Riyals) 0.46 0.19 (58.4 %)

Net profit after zakat and tax in Q2 2019 plummeted 59.25 percent YoY to SAR 1.2 million driven by severe competition and higher operating expenses. 

 

On a quarterly basis, net profit hiked 72.07 percent, due to higher sales revenue.



Current Half Annual Comparison (M)

Compared With The
Item H1 2018 H1 2019 Change‬
Revenues 37.23 37.85 1.7 %
Gross Income 7.55 5.76 (23.7 %)
Operating Income 3.31 1.71 (48.4 %)
Net Income 2.96 1.22 (58.6 %)
Average Shares 10.21 10.21 -
EPS (Riyals) 0.29 0.12 (58.6 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 22.45 - 6.57 - 2.16 -
H1 2017 47.78 - 10.89 - 5.96 -
H2 2017 24.11 7.4 % 5.45 (17.0 %) 0.71 (67.0 %)
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 %)
H1 2019 37.85 1.7 % 5.76 (23.7 %) 1.71 (48.4 %)


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 - - - - - -
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 2.10 - 0.21 - 2.10 0.21
H1 2017 5.23 - 0.51 - 5.23 0.51
H2 2017 0.40 (80.8 %) 0.04 - 0.40 0.04
H1 2018 2.96 (43.5 %) 0.29 - 2.96 0.29
H2 2018 (1.74) (530.0 %) (0.17) - (1.74) (0.17)
H1 2019 1.22 (58.6 %) 0.12 - 1.22 0.12

Profitability

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 - - -
H1 2017 - - -
H2 2017 23.15 % 11.41 % 7.28 %
H1 2018 23.01 % 10.20 % 5.62 %
H2 2018 20.04 % 8.06 % 3.19 %
H1 2019 16.59 % 5.11 % 0.83 %


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

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

Business Segments (Million)

Compared With The
Period The commercial sector Industrial development


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
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