Alujain posts higher net profit at SAR 67.3m in I2 of 2014

Alujain posts higher net profit at SAR 67.3m in I2 of 2014

30/06/2014 Argaam Exclusive

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Alujain Corporation, which produces Poly-Propylene, reported SAR 67.3m net profit at the end of the first half of 2014, a 253% increase compared to the same period last year, as shown in the following table:



Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 792.50 1,012.21 27.7 %
Gross Income 121.41 156.13 28.6 %
Operating Income 83.74 118.60 41.6 %
Net Income 19.05 67.34 253.6 %
Average Shares 69.20 69.20 -
EPS (Riyals) 0.28 0.97 253.6 %


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 521.09 559.46 7.4 %
Gross Income 102.07 87.52 (14.3 %)
Operating Income 83.61 67.82 (18.9 %)
Net Income 34.94 52.57 50.5 %
Average Shares 69.20 69.20 -
EPS (Riyals) 0.50 0.76 50.5 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2005 - - - - (2.01) (235.6 %)
Q2 2005 - - - - (1.47) (65.3 %)
Q3 2005 - - - - (2.01) (152.6 %)
Q4 2005 - - - - (2.63) (167.8 %)
Q1 2006 - - - - (0.94) 53.3 %
Q2 2006 - - - - (2.18) (49.1 %)
Q3 2006 - - - - (1.64) 18.6 %
Q4 2006 - - - - (2.26) 14.0 %
Q1 2007 - - - - (2.51) (167.5 %)
Q2 2007 - - - - (2.63) (20.6 %)
Q3 2007 - - - - (32.10) (1,862.0 %)
Q4 2007 - - - - (22.16) (879.2 %)
Q1 2008 - - - - (15.99) (537.2 %)
Q2 2008 - - - - (15.80) (500.2 %)
Q3 2008 - - - - (12.14) 62.2 %
Q4 2008 - - - - (17.94) 19.1 %
Q1 2009 - - - - (17.40) (8.8 %)
Q2 2009 - - - - (18.00) (13.9 %)
Q3 2009 - - - - (15.15) (24.8 %)
Q4 2009 - - - - (17.24) 3.9 %
Q1 2010 - - - - (11.72) 32.6 %
Q2 2010 - - - - (21.92) (21.8 %)
Q3 2010 313.42 - 64.14 - 43.94 390.0 %
Q4 2010 538.71 - 114.88 - 95.15 652.0 %
Q1 2011 375.03 - 57.22 - 40.32 443.9 %
Q2 2011 304.45 - 15.06 - (2.37) 89.2 %
Q3 2011 477.44 52.3 % 84.34 31.5 % 67.36 53.3 %
Q4 2011 314.95 (41.5 %) 2.20 (98.1 %) (10.78) (111.3 %)
Q1 2012 561.81 49.8 % 63.15 10.4 % 44.99 11.6 %
Q2 2012 490.50 61.1 % 78.12 418.9 % 58.77 2576.4 %
Q3 2012 522.58 9.5 % 64.47 (23.6 %) 46.38 (31.1 %)
Q4 2012 537.05 70.5 % 86.67 3846.9 % 64.88 701.8 %
Q1 2013 271.41 (51.7 %) 19.34 (69.4 %) 0.14 (99.7 %)
Q2 2013 521.09 6.2 % 102.07 30.7 % 83.61 42.3 %
Q3 2013 496.85 (4.9 %) 110.98 72.1 % 90.76 95.7 %
Q4 2013 586.85 9.3 % 111.46 28.6 % 85.19 31.3 %
Q1 2014 452.75 66.8 % 68.61 254.8 % 50.78 36432.4 %
Q2 2014 559.46 7.4 % 87.52 (14.3 %) 67.82 (18.9 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2005 1.05 129.2 % 0.02 - 1.05 0.02
Q2 2005 2.19 126.7 % 0.03 - 2.19 0.03
Q3 2005 0.51 101.6 % 0.01 - 0.51 0.01
Q4 2005 (0.45) 92.7 % (0.01) - (0.45) (0.01)
Q1 2006 (0.71) (167.1 %) (0.01) - (0.71) (0.01)
Q2 2006 (0.38) (117.3 %) (0.01) - (0.38) (0.01)
Q3 2006 (1.23) (341.4 %) (0.02) - (1.23) (0.02)
Q4 2006 2.67 692.4 % 0.04 - 2.67 0.04
Q1 2007 (2.14) (204.0 %) (0.03) - (2.14) (0.03)
Q2 2007 (4.31) (1,036.7 %) (0.06) - (4.31) (0.06)
Q3 2007 (13.95) (1,033.1 %) (0.20) - (13.95) (0.20)
Q4 2007 (19.05) (814.4 %) (0.28) - (19.05) (0.28)
Q1 2008 (13.07) (510.1 %) (0.19) - (13.07) (0.19)
Q2 2008 (11.64) (170.2 %) (0.17) - (11.64) (0.17)
Q3 2008 (10.17) 27.1 % (0.15) - (10.17) (0.15)
Q4 2008 (30.22) (58.7 %) (0.44) - (30.22) (0.44)
Q1 2009 (10.83) 17.2 % (0.16) - (10.83) (0.16)
Q2 2009 (9.04) 22.4 % (0.13) - (9.04) (0.13)
Q3 2009 (9.94) 2.3 % (0.14) - (9.94) (0.14)
Q4 2009 2.53 108.4 % 0.04 - 2.53 0.04
Q1 2010 (6.67) 38.4 % (0.10) - (6.67) (0.10)
Q2 2010 (7.28) 19.5 % (0.11) 11.30 (18.58) (0.27)
Q3 2010 16.44 265.5 % 0.24 - 16.44 0.24
Q4 2010 39.69 1471.8 % 0.57 - 39.69 0.57
Q1 2011 11.39 270.8 % 0.16 - 11.39 0.16
Q2 2011 (19.33) (165.6 %) (0.28) - (19.33) (0.28)
Q3 2011 22.80 38.7 % 0.33 - 22.80 0.33
Q4 2011 (24.82) (162.5 %) (0.36) - (24.82) (0.36)
Q1 2012 9.60 (15.8 %) 0.14 - 9.60 0.14
Q2 2012 14.36 174.3 % 0.21 - 14.36 0.21
Q3 2012 10.61 (53.5 %) 0.15 - 10.61 0.15
Q4 2012 17.12 169.0 % 0.25 - 17.12 0.25
Q1 2013 (15.89) (265.6 %) (0.23) - (15.89) (0.23)
Q2 2013 34.94 143.3 % 0.50 - 34.94 0.50
Q3 2013 56.96 437.1 % 0.82 17.73 39.23 0.57
Q4 2013 33.82 97.5 % 0.49 - 33.82 0.49
Q1 2014 14.77 193.0 % 0.21 - 14.77 0.21
Q2 2014 52.57 50.5 % 0.76 29.32 23.25 0.34

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 20.46 % 6.33 % (2.00 %)
Q4 2010 21.01 % 19.94 % 3.62 %
Q1 2011 19.25 % 21.11 % 3.99 %
Q2 2011 16.41 % 20.65 % 3.15 %
Q3 2011 16.01 % 20.87 % 3.22 %
Q4 2011 10.79 % 16.82 % (0.68 %)
Q1 2012 9.93 % 15.21 % (0.71 %)
Q2 2012 12.35 % 16.96 % 1.19 %
Q3 2012 11.00 % 15.44 % 0.52 %
Q4 2012 13.85 % 19.00 % 2.45 %
Q1 2013 13.65 % 20.08 % 1.44 %
Q2 2013 14.72 % 21.57 % 2.53 %
Q3 2013 17.47 % 24.82 % 4.13 %
Q4 2013 18.33 % 24.00 % 4.91 %
Q1 2014 19.11 % 24.32 % 5.97 %
Q2 2014 18.06 % 23.20 % 5.30 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2005 69.20 (0.64) (0.64) 10.01
Q2 2005 69.20 (0.49) (0.49) 10.06
Q3 2005 69.20 (0.03) (0.03) 10.04
Q4 2005 69.20 0.05 0.05 9.98
Q1 2006 69.20 0.02 0.02 9.98
Q2 2006 69.20 (0.01) (0.01) 9.96
Q3 2006 69.20 (0.04) (0.04) 9.97
Q4 2006 69.20 0.01 0.01 10.15
Q1 2007 69.20 (0.02) (0.02) 10.17
Q2 2007 69.20 (0.07) (0.07) 10.17
Q3 2007 69.20 (0.26) (0.26) 9.99
Q4 2007 69.20 (0.57) (0.57) 9.40
Q1 2008 69.20 (0.73) (0.73) 8.89
Q2 2008 69.20 (0.83) (0.83) 9.05
Q3 2008 69.20 (0.78) (0.78) 8.61
Q4 2008 69.20 (0.94) (0.94) 7.45
Q1 2009 69.20 (0.91) (0.91) 7.40
Q2 2009 69.20 (0.87) (0.87) 7.67
Q3 2009 69.20 (0.87) (0.87) 7.47
Q4 2009 69.20 (0.39) (0.39) 7.49
Q1 2010 69.20 (0.33) (0.33) 7.32
Q2 2010 69.20 (0.31) (0.47) 7.17
Q3 2010 69.20 0.07 (0.09) 7.25
Q4 2010 69.20 0.61 0.45 8.01
Q1 2011 69.20 0.87 0.71 8.30
Q2 2011 69.20 0.70 0.70 8.02
Q3 2011 69.20 0.79 0.79 8.27
Q4 2011 69.20 (0.14) (0.14) 8.05
Q1 2012 69.20 (0.17) (0.17) 8.19
Q2 2012 69.20 0.32 0.32 8.47
Q3 2012 69.20 0.14 0.14 8.62
Q4 2012 69.20 0.75 0.75 8.98
Q1 2013 69.20 0.38 0.38 8.78
Q2 2013 69.20 0.68 0.68 9.39
Q3 2013 69.20 1.35 1.09 10.23
Q4 2013 69.20 1.59 1.33 10.81
Q1 2014 69.20 2.03 1.77 10.99
Q2 2014 69.20 2.28 1.61 11.78

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2005 NEG NEG 2.70
Q2 2005 NEG NEG 4.85
Q3 2005 NEG NEG 7.68
Q4 2005 More than 100 More than 100 8.36
Q1 2006 More than 100 More than 100 5.21
Q2 2006 NEG NEG 4.29
Q3 2006 NEG NEG 5.29
Q4 2006 More than 100 More than 100 2.12
Q1 2007 NEG NEG 2.02
Q2 2007 NEG NEG 1.97
Q3 2007 NEG NEG 3.35
Q4 2007 NEG NEG 5.05
Q1 2008 NEG NEG 5.57
Q2 2008 NEG NEG 5.06
Q3 2008 NEG NEG 3.46
Q4 2008 NEG NEG 1.45
Q1 2009 NEG NEG 1.51
Q2 2009 NEG NEG 2.63
Q3 2009 NEG NEG 2.64
Q4 2009 NEG NEG 2.29
Q1 2010 NEG NEG 2.39
Q2 2010 NEG NEG 1.81
Q3 2010 More than 100 NEG 2.24
Q4 2010 36.58 49.97 2.78
Q1 2011 24.41 30.05 2.56
Q2 2011 30.37 30.37 2.64
Q3 2011 23.72 23.72 2.26
Q4 2011 NEG NEG 2.17
Q1 2012 NEG NEG 2.74
Q2 2012 45.89 45.89 1.72
Q3 2012 More than 100 More than 100 1.98
Q4 2012 18.48 18.48 1.54
Q1 2013 38.44 38.44 1.66
Q2 2013 21.82 21.82 1.57
Q3 2013 13.60 16.80 1.79
Q4 2013 15.88 18.94 2.33
Q1 2014 12.76 14.60 2.36
Q2 2014 10.38 14.78 2.01

Current
Market Cap (M Riyal) 2,615.76
Enterprise Value (EV) (M) 2,954.85
Shares Outstanding ((M)) 69.20
EPS ( Riyal) (TTM) (0.01)
Book Value (BV) ( Riyal) 52.14
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 0.72
Return on Average Assets (%) (TTM) (0.01 )
Return on Average Equity (%) (TTM) (0.02 )

Share Price

37.75
(0.25) (0.66 %)

Alujain Corp. (ALUJAIN)


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