Zahrat Al Waha’s net profit rises 58% in 9M 2019
24/10/2019
Argaam Exclusive
View other reports
Zahrat Al Waha for Trading Co. reported a net profit after zakat and tax of SAR 34.2 million for the first nine months of 2019 as compared to SAR 21.6 million in the same period last year, an increase of 58.4 percent year-on-year (YoY).
The profit increase is attributed to higher sales, the firm said in a bourse statement.
Financials (M)
| Item | 9m 2018 | 9m 2019 | Change |
|---|---|---|---|
| Revenues | 380.01 | 410.31 | 8.0 % |
| Gross Income | 44.59 | 58.31 | 30.8 % |
| Operating Income | 33.76 | 46.13 | 36.7 % |
| Net Income | 21.61 | 34.24 | 58.4 % |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 0.96 | 1.52 | 58.4 % |
The company also reported a net profit after Zakat and tax of SAR 14.97 million in the third quarter of 2019 as compared to SAR 9.5 million for the same quarter last year, up 57.4 percent YoY, on higher sales, decreased cost of sales and lower cost of financing.
On a sequential basis, Zahrat Al Waha posted a 47.6 percent rise in net profit on higher sales.
Compared With The
Current Quarter Comparison (M)
| Item | Q3 2018 | Q3 2019 | Change |
|---|---|---|---|
| Revenues | 141.57 | 147.00 | 3.8 % |
| Gross Income | 17.40 | 23.48 | 34.9 % |
| Operating Income | 14.09 | 18.82 | 33.6 % |
| Net Income | 9.52 | 14.97 | 57.4 % |
| Average Shares | 22.50 | 22.50 | - |
| EPS (Riyals) | 0.42 | 0.67 | 57.4 % |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| Q1 2019 | 129.89 | 32.9 % | 16.80 | 57.0 % | 13.40 | 80.6 % |
| Q2 2019 | 133.42 | (5.2 %) | 18.04 | 9.4 % | 13.91 | 13.6 % |
| Q3 2019 | 147.00 | 3.8 % | 23.48 | 34.9 % | 18.82 | 33.6 % |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
|---|---|---|---|---|---|---|
| Q1 2019 | 9.13 | 114.8 % | 0.41 | - | 9.13 | 0.41 |
| Q2 2019 | 10.14 | 29.2 % | 0.45 | - | 10.14 | 0.45 |
| Q3 2019 | 14.97 | 57.4 % | 0.67 | - | 14.97 | 0.67 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2019 | 13.66 % | 15.58 % | 7.59 % |
| Q2 2019 | 14.16 % | 16.27 % | 8.15 % |
| Q3 2019 | 15.18 % | 17.17 % | 9.12 % |
Compared With The
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2019 | 22.50 | 1.76 | 1.76 | 8.97 |
| Q2 2019 | 22.50 | 1.86 | 1.86 | 8.76 |
| Q3 2019 | 22.50 | 2.10 | 2.10 | 9.42 |
Multiple Ratios (End of Period Price)
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2019 | 15.55 | 15.55 | 3.05 |
| Q2 2019 | 14.31 | 14.31 | 3.04 |
| Q3 2019 | 14.34 | 14.34 | 3.20 |
Business Segments (Million)
Q3 2019
| Period | Flasks sector | Plastic covers sector |
|---|---|---|
| Q1 2019 | 112.59 | 17.30 |
| Q2 2019 | 112.71 | 20.71 |
| Q3 2019 | 123.17 | 23.83 |
Analysts Estimates (Million)
| Item | Q3 2019 (e) | Q3 2019 (a) | Change |
|---|---|---|---|
| Average | 13.00 | 14.97 | 15.18 % |
Estimates vs Actual (Million)
| Item | Q3 2019 (e) | Q3 2019 (a) | Change |
|---|---|---|---|
| OSOOL AND BAKHEET | 13.00 | 14.97 | 15.2 % |
| Current | |
| Market Cap (M Riyal) | 758.25 |
| Enterprise Value (EV) (M) | 947.35 |
| Shares Outstanding ((M)) | 22.50 |
| EPS ( Riyal) (TTM) | 1.03 |
| Book Value (BV) ( Riyal) | 12.97 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | 31.24 |
| P/E (TTM) | 32.72 |
| Price/book | 2.60 |
| Return on Average Assets (%) (TTM) | 4.1 |
| Return on Average Equity (%) (TTM) | 7.8 |
Share Price
Zahrat Al Waha for Trading Co. (OASIS)
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}