JAZADCO net loss widens in Q1 2019

09/05/2019 Argaam Exclusive

View other reports

Share Price

Jazan Development and Investment Co. (JAZADCO)

Jazan Energy and Development Co.’s net loss has widened to SAR 5.2 million for the first quarter of 2019, compared to SAR 3.8 million a year earlier on higher cost of sales, higher selling and distribution expenses and higher public service fees.

When compared to the previous quarter, the company was able to cut its losses by 27.4 percent due to lower general and administrative expenses and lower zakat provision.



Current Quarter Comparison (M)

Compared With The
Item Q1 2018 Q1 2019 Change‬
Revenues 9.97 16.66 67.1 %
Gross Income 0.12 (1.08) (1039.1 %)
Operating Income (3.25) (4.98) (53.3 %)
Net Income (3.56) (5.23) (47.0 %)
Average Shares 50.00 50.00 -
EPS (Riyals) (0.07) (0.10) (47.0 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2010 22.66 347.3 % 4.64 334.2 % 3.02 4403.0 % 0.06
Q2 2010 23.84 82.2 % (4.78) (420.8 %) (33.09) (4645.2 %) (0.66)
Q3 2010 12.94 16.1 % (0.42) (136.1 %) 22.23 905.6 % 0.44
Q4 2010 16.01 26.8 % (1.04) (123.3 %) (13.89) 56.7 % (0.28)
Q1 2011 20.06 (11.5 %) (4.16) (189.5 %) (6.70) (322.2 %) (0.13)
Q2 2011 20.98 (12.0 %) 0.18 103.8 % (4.94) 85.1 % (0.10)
Q3 2011 16.15 24.8 % (5.03) (1,085.1 %) (26.51) (219.2 %) (0.53)
Q4 2011 13.07 (18.4 %) (7.10) (581.7 %) (30.89) (122.4 %) (0.62)
Q1 2012 7.10 (64.6 %) (3.19) 23.2 % (4.05) 39.6 % (0.08)
Q2 2012 7.91 (62.3 %) (5.80) (3286.3 %) (6.33) (28.1 %) (0.13)
Q3 2012 8.58 (46.9 %) (4.15) 17.3 % (9.69) 63.4 % (0.19)
Q4 2012 14.94 14.3 % (4.20) 40.9 % 1.73 105.6 % 0.03
Q1 2013 7.09 (0.2 %) (4.65) (45.7 %) 21.87 640.4 % 0.44
Q2 2013 11.39 43.9 % (1.94) 66.6 % 134.11 2219.6 % 2.68
Q3 2013 9.62 12.1 % (2.06) 50.4 % (5.24) 45.9 % (0.10)
Q4 2013 16.41 9.9 % (3.56) 15.2 % (50.09) (2993.8 %) (1.00)
Q1 2014 13.87 95.8 % (0.24) 94.8 % (2.08) (109.5 %) (0.04)
Q2 2014 15.21 33.6 % 3.01 255.4 % 1.15 (99.1 %) 0.02
Q3 2014 12.04 25.2 % 3.29 259.7 % 3.55 167.7 % 0.07
Q4 2014 24.11 46.9 % 8.48 338.3 % 5.74 111.4 % 0.11
Q1 2015 11.45 (17.5 %) 2.07 963.3 % 0.07 103.5 % 0.00
Q2 2015 15.26 0.4 % 3.66 21.7 % 3.55 209.0 % 0.07
Q3 2015 28.41 136.0 % 9.42 186.0 % 7.24 104.0 % 0.14
Q4 2015 35.33 46.6 % 12.68 49.5 % 13.16 129.5 % 0.26
Q1 2016 20.27 77.0 % 4.36 110.6 % 1.23 1613.9 % 0.02
Q2 2016 17.45 14.3 % 7.01 91.2 % 3.62 1.9 % 0.07
Q3 2016 28.39 0.0 % 9.30 (1.2 %) 6.49 (10.4 %) 0.13
Q4 2016 21.26 (39.8 %) 3.88 (69.4 %) (2.38) (118.0 %) (0.05)
Q1 2017 9.63 (52.5 %) 1.22 (72.1 %) (1.72) (239.4 %) (0.03)
Q2 2017 12.50 (28.4 %) 6.96 (0.6 %) 3.66 1.3 % 0.07
Q3 2017 28.79 1.4 % 9.74 4.8 % 6.66 2.6 % 0.13
Q4 2017 29.33 38.0 % 1.07 (72.3 %) (5.37) (126.3 %) (0.11)
Q1 2018 9.97 3.5 % 0.12 (90.5 %) (3.56) (107.0 %) (0.07)
Q2 2018 12.82 2.6 % 7.64 9.8 % 4.22 15.2 % 0.08
Q3 2018 18.57 (35.5 %) 7.03 (27.8 %) 3.14 (52.9 %) 0.06
Q4 2018 27.16 (7.4 %) (5.50) (612.3 %) (13.91) (158.8 %) (0.28)
Q1 2019 16.66 67.1 % (1.08) (1039.1 %) (5.23) (47.0 %) (0.10)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2010 19.78 % 27.05 % (52.29 %)
Q2 2010 7.84 % 14.17 % (92.42 %)
Q3 2010 5.43 % 14.21 % (55.43 %)
Q4 2010 (2.12 %) 8.77 % (28.79 %)
Q1 2011 (14.27 %) (2.22 %) (43.16 %)
Q2 2011 (7.77 %) 4.20 % (4.71 %)
Q3 2011 (13.72 %) (3.01 %) (71.09 %)
Q4 2011 (22.92 %) (12.68 %) (49.84 %)
Q1 2012 (26.42 %) (14.60 %) (56.48 %)
Q2 2012 (47.75 %) (32.91 %) (76.32 %)
Q3 2012 (55.24 %) (38.85 %) (46.20 %)
Q4 2012 (45.01 %) (27.87 %) (71.14 %)
Q1 2013 (48.81 %) (32.30 %) (78.00 %)
Q2 2013 (35.57 %) (18.99 %) (106.04 %)
Q3 2013 (29.85 %) (15.73 %) (93.23 %)
Q4 2013 (27.43 %) (4.80 %) (154.13 %)
Q1 2014 (15.21 %) 0.65 % (124.75 %)
Q2 2014 (5.17 %) 7.33 % (76.25 %)
Q3 2014 4.35 % 13.79 % (57.70 %)
Q4 2014 22.30 % 21.10 % 12.81 %
Q1 2015 26.84 % 25.77 % 16.72 %
Q2 2015 27.86 % 28.53 % 20.53 %
Q3 2015 29.83 % 32.21 % 20.94 %
Q4 2015 30.76 % 34.91 % 26.55 %
Q1 2016 30.34 % 34.70 % 25.37 %
Q2 2016 32.98 % 36.99 % 24.89 %
Q3 2016 32.87 % 37.04 % 24.15 %
Q4 2016 28.10 % 30.90 % 10.26 %
Q1 2017 27.89 % 31.76 % 7.83 %
Q2 2017 29.76 % 34.31 % 8.43 %
Q3 2017 30.21 % 34.55 % 8.62 %
Q4 2017 23.67 % 27.34 % 4.02 %
Q1 2018 22.20 % 25.27 % 1.72 %
Q2 2018 22.95 % 25.91 % 2.40 %
Q3 2018 22.44 % 25.35 % (2.23 %)
Q4 2018 13.55 % 14.37 % (14.76 %)
Q1 2019 10.76 % 10.86 % (15.67 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2010 50.00 (0.62) (0.62) 12.99
Q2 2010 50.00 (1.30) (1.30) 12.29
Q3 2010 50.00 (0.80) (0.80) 12.28
Q4 2010 50.00 (0.43) (0.43) 12.00
Q1 2011 50.00 (0.63) (0.63) 11.84
Q2 2011 50.00 (0.07) (0.07) 11.81
Q3 2011 50.00 (1.04) (1.04) 11.25
Q4 2011 50.00 (1.38) (0.70) 10.54
Q1 2012 50.00 (1.33) (0.65) 10.50
Q2 2012 50.00 (1.36) (0.67) 10.32
Q3 2012 50.00 (1.02) (0.34) 10.11
Q4 2012 50.00 (0.37) (0.55) 10.14
Q1 2013 50.00 0.15 (0.60) 10.30
Q2 2013 50.00 2.96 (0.89) 12.98
Q3 2013 50.00 3.05 (0.80) 12.88
Q4 2013 50.00 2.01 (1.37) 11.92
Q1 2014 50.00 1.53 (1.28) 11.88
Q2 2014 50.00 (1.13) (0.84) 11.90
Q3 2014 50.00 (0.95) (0.66) 11.96
Q4 2014 50.00 0.17 0.17 12.04
Q1 2015 50.00 0.21 0.21 12.06
Q2 2015 50.00 0.26 0.26 12.09
Q3 2015 50.00 0.33 0.33 12.20
Q4 2015 50.00 0.48 0.48 12.42
Q1 2016 50.00 0.50 0.50 12.19
Q2 2016 50.00 0.50 0.50 12.28
Q3 2016 50.00 0.49 0.49 12.39
Q4 2016 50.00 0.18 0.18 11.66
Q1 2017 50.00 0.12 0.12 11.66
Q2 2017 50.00 0.12 0.12 11.73
Q3 2017 50.00 0.12 0.12 11.86
Q4 2017 50.00 0.06 0.06 11.75
Q1 2018 50.00 0.03 0.03 11.68
Q2 2018 50.00 0.04 0.04 11.76
Q3 2018 50.00 (0.03) (0.03) 11.82
Q4 2018 50.00 (0.20) (0.20) 10.58
Q1 2019 50.00 (0.24) (0.24) 11.34

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2010 NEG NEG 1.14
Q2 2010 NEG NEG 1.11
Q3 2010 NEG NEG 1.18
Q4 2010 NEG NEG 1.12
Q1 2011 NEG NEG 1.49
Q2 2011 NEG NEG 1.74
Q3 2011 NEG NEG 1.75
Q4 2011 NEG NEG 3.01
Q1 2012 NEG NEG 2.31
Q2 2012 NEG NEG 1.44
Q3 2012 NEG NEG 1.58
Q4 2012 NEG NEG 1.50
Q1 2013 More than 50 NEG 1.56
Q2 2013 5.51 NEG 1.26
Q3 2013 5.38 NEG 1.27
Q4 2013 8.67 NEG 1.46
Q1 2014 12.06 NEG 1.56
Q2 2014 NEG NEG 1.74
Q3 2014 NEG NEG 1.74
Q4 2014 More than 50 More than 50 1.16
Q1 2015 More than 50 More than 50 1.19
Q2 2015 More than 50 More than 50 1.22
Q3 2015 33.52 33.52 0.91
Q4 2015 35.72 35.72 1.38
Q1 2016 24.21 24.21 1.00
Q2 2016 23.45 23.45 0.96
Q3 2016 17.18 17.18 0.68
Q4 2016 More than 50 More than 50 0.95
Q1 2017 More than 50 More than 50 1.18
Q2 2017 More than 50 More than 50 1.20
Q3 2017 More than 50 More than 50 1.56
Q4 2017 More than 50 More than 50 1.45
Q1 2018 More than 50 More than 50 1.46
Q2 2018 More than 50 More than 50 1.38
Q3 2018 NEG NEG 1.29
Q4 2018 NEG NEG 1.40
Q1 2019 NEG NEG 1.21

Business Segments (Million)

Compared With The
Period Agricultural Activity Commercial sector Investment properties sector
Q3 2010 11.30 1.23 0.42
Q4 2010 12.25 3.29 0.47
Q1 2011 17.52 2.01 0.53
Q2 2011 17.12 3.23 0.62
Q3 2011 11.91 3.51 0.74
Q4 2011 8.74 3.10 1.22
Q1 2012 3.24 3.03 0.83
Q2 2012 2.44 4.68 0.79
Q3 2012 0.53 7.11 0.94
Q4 2012 7.94 6.10 0.89
Q1 2013 2.71 3.49 0.89
Q2 2013 3.85 6.64 0.91
Q3 2013 1.15 7.53 0.93
Q4 2013 7.83 7.63 0.95
Q1 2014 6.59 6.34 0.94
Q2 2014 4.87 9.28 1.05
Q3 2014 1.19 9.96 0.89
Q4 2014 15.06 7.84 1.21
Q1 2015 1.05 6.95 3.45
Q2 2015 0.50 10.71 4.05
Q3 2015 13.01 11.33 4.08
Q4 2015 21.07 9.83 4.44
Q1 2016 6.35 9.65 4.26
Q2 2016 0.58 12.21 4.65
Q3 2016 15.61 8.16 4.62
Q4 2016 8.34 8.08 4.84
Q1 2017 0.59 4.19 4.86
Q2 2017 0.76 7.26 4.48
Q3 2017 20.34 4.03 4.41
Q4 2017 17.94 7.34 4.05
Q1 2018 1.08 4.89 4.00
Q2 2018 0.67 8.41 3.74
Q3 2018 7.77 7.23 3.57
Q4 2018 17.97 5.78 3.41
Q1 2019 7.95 5.87 2.84

Current
Market Cap (M Riyal) 754.00
Enterprise Value (EV) (M) 777.92
Shares Outstanding ((M)) 50.00
EPS ( Riyal) (TTM) (0.82)
Book Value (BV) ( Riyal) 9.24
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.63
Return on Average Assets (%) (TTM) (6.50 )
Return on Average Equity (%) (TTM) (8.11 )

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
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.