Arabian Centers’ net profit jumps 59% in 6M 2019

Arabian Centers’ net profit jumps 59% in 6M 2019

27/10/2019 Argaam Exclusive

View other reports

Arabian Centers Co. reported a net profit after zakat and tax of SAR 435.1 million for the six-month period ending Sept. 30, 2019, a 59.4 percent year-on-year (YoY) increase on higher revenue, higher gross profit and lower cost of finance.



Financials (M)

Item 6m 2018 6m 2019 Change‬
Revenues 1,089.88 1,131.62 3.8 %
Gross Income 682.76 759.10 11.2 %
Operating Income 598.65 665.34 11.1 %
Net Income 266.30 428.05 60.7 %
Average Shares 475.00 475.00 -
EPS (Riyals) 0.56 0.90 60.7 %

In Q2 2019, net profit rose about 8.5 percent YoY to SAR 208.2 million, due to higher revenue, implementing a new yield and space optimization strategy, higher gross profit, and lower cost of finance.

 

On a sequential basis, Q2 net profit dropped 8.3 percent compared to the previous quarter on a decrease in revenue.



Current Quarter Comparison (M)

Compared With The
Item Q2 2018 Q2 2019 Change‬
Revenues 531.57 559.12 5.2 %
Gross Income 326.91 366.32 12.1 %
Operating Income 282.04 322.03 14.2 %
Net Income 188.90 205.04 8.5 %
Average Shares 475.00 475.00 -
EPS (Riyals) 0.40 0.43 8.5 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 559.79 - 369.82 - 236.95 - 0.50
Q1 2018 558.31 - 355.85 - 77.40 - 0.16
Q2 2018 531.57 - 326.91 - 188.90 - 0.40
Q3 2018 530.11 - 340.51 - 272.10 - 0.57
Q4 2018 556.41 (0.6 %) 370.64 0.2 % 251.20 6.0 % 0.53
Q1 2019 572.50 2.5 % 392.78 10.4 % 223.01 188.1 % 0.47
Q2 2019 559.12 5.2 % 366.32 12.1 % 205.04 8.5 % 0.43

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 63.91 % 68.71 % 35.06 %
Q4 2018 64.05 % 69.32 % 36.28 %
Q1 2019 65.32 % 72.09 % 42.69 %
Q2 2019 66.28 % 71.30 % 42.89 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 475.00 - - 10.32
Q1 2018 475.00 - - 10.13
Q2 2018 475.00 - - 10.15
Q3 2018 475.00 1.63 1.61 10.14
Q4 2018 475.00 1.66 1.66 10.66
Q1 2019 475.00 1.97 1.97 12.63
Q2 2019 475.00 2.00 2.00 13.05

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 12.91 12.91 1.98

Business Segments (Million)

Compared With The
Period Rental income Service and management fee income Turnover rent Commission income on provisions for utilities, net
Q1 2019 537.81 24.49 9.43 0.77


Financial Ratios
Current
Market Cap (M Riyal) 9,528.50
Enterprise Value (EV) (M) 18,576.49
Shares Outstanding ((M)) 475.00
EPS ( Riyal) (TTM) 2.76
Book Value (BV) ( Riyal) 29.67
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 11.46
P/E (TTM) 7.27
Price/book 0.68
Return on Average Assets (%) (TTM) 4.8
Return on Average Equity (%) (TTM) 9.3
more

Share Price

Arabian Centres Co.
20.06
0.10 0.50 %

Arabian Centres Co. (CENOMI CENTERS)

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.