Thob Al Aseel’s net profit up 23% in H1 2019

22/07/2019 Argaam Exclusive

View other reports

Share Price

Thob Al Aseel Co. posted a net profit after zakat and tax of SAR 64.54 million for the first half of 2019, a rise of 22.7 percent year-on-year (YoY) due to higher sales revenue and increased gross profit.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	240.08	291.32	21.3 %
Gross Income	93.43	111.57	19.4 %
Operating Income	58.33	71.12	21.9 %
Net Income	52.58	64.54	22.7 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.13	0.16	22.7 %

The second-quarter net profit after zakat and tax increased 25.8 percent YoY to SAR 48.34 million, backed by a 21 percent rise in sales.

The increase was also backed by higher demand for the company’s products as it expanded the client base and introduced new items.

When compared to previous quarter, net profit more than doubled driven by an 88 percent surge in sales on seasonality factors.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	157.61	190.14	20.6 %
Gross Income	61.10	71.66	17.3 %
Operating Income	41.77	52.01	24.5 %
Net Income	38.43	48.34	25.8 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.10	0.12	25.8 %

Item	Q1 2019	Q2 2019	Change‬
Revenues	101.18	190.14	87.9 %
Gross Income	39.91	71.66	79.5 %
Operating Income	19.11	52.01	172.1 %
Net Income	16.20	48.34	198.4 %
Average Shares	400.00	400.00	-
EPS (Riyals)	0.04	0.12	198.4 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2010	-	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
Q1 2011	-	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
Q1 2012	-	-	-	-	-	-	-
Q2 2012	-	-	-	-	-	-	-
Q3 2012	-	-	-	-	-	-	-
Q4 2012	-	-	-	-	-	-	-
2012	409.63	-	136.52	-	104.68	-	6.54
Q1 2013	-	-	-	-	-	-	-
Q2 2013	-	-	-	-	-	-	-
Q3 2013	-	-	-	-	-	-	-
Q4 2013	-	-	-	-	-	-	-
2013	389.57	(4.9 %)	124.35	(8.9 %)	91.21	(12.9 %)	5.70
Q1 2014	-	-	-	-	-	-	-
Q2 2014	-	-	-	-	-	-	-
Q3 2014	-	-	-	-	-	-	-
Q4 2014	-	-	-	-	-	-	-
2014	390.77	0.3 %	119.53	(3.9 %)	84.59	(7.3 %)	0.21
Q1 2015	-	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-	-
2015	397.37	1.7 %	129.57	8.4 %	87.30	3.2 %	0.22
Q1 2016	-	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-	-
2016	316.64	(20.3 %)	113.47	(12.4 %)	74.45	(14.7 %)	0.19
Q1 2017	188.60	-	70.31	-	41.20	-	0.10
Q2 2017	210.08	-	86.89	-	63.42	-	0.16
Q3 2017	66.38	-	24.47	-	8.27	-	0.02
Q4 2017	104.47	-	37.04	-	1.88	-	0.00
2017	569.53	79.9 %	218.72	92.8 %	114.76	54.1 %	0.29
Q1 2018	82.47	(56.3 %)	32.33	(54.0 %)	14.16	(65.6 %)	0.04
Q2 2018	157.61	(25.0 %)	61.10	(29.7 %)	38.43	(39.4 %)	0.10
Q3 2018	61.19	(7.8 %)	22.54	(7.9 %)	1.73	(79.1 %)	0.00
Q4 2018	76.10	(27.2 %)	27.37	(26.1 %)	2.30	22.5 %	0.01
2018	377.37	(33.7 %)	143.35	(34.5 %)	56.61	(50.7 %)	0.14
Q1 2019	101.18	22.7 %	39.91	23.4 %	16.20	14.4 %	0.04
Q2 2019	190.14	20.6 %	71.66	17.3 %	48.34	25.8 %	0.12

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2009	-	-	-	-	-	-	-
2010	-	-	-	-	-	-	-
2011	-	-	-	-	-	-	-
2012	409.63	-	136.52	-	104.68	-	6.54
2013	389.57	(4.9 %)	124.35	(8.9 %)	91.21	(12.9 %)	5.70
2014	390.77	0.3 %	119.53	(3.9 %)	84.59	(7.3 %)	0.21
2015	397.37	1.7 %	129.57	8.4 %	87.30	3.2 %	0.22
2016	316.64	(20.3 %)	113.47	(12.4 %)	74.45	(14.7 %)	0.19
2017	569.53	79.9 %	218.72	92.8 %	114.76	54.1 %	0.29
2018	377.37	(33.7 %)	143.35	(34.5 %)	56.61	(50.7 %)	0.14

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
2012	33.33 %	27.30 %	25.56 %
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
2013	31.92 %	25.18 %	23.41 %
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
2014	30.59 %	22.85 %	21.65 %
Q1 2015	-	-	-
Q2 2015	-	-	-
Q3 2015	-	-	-
Q4 2015	-	-	-
2015	32.61 %	23.97 %	21.97 %
Q1 2016	-	-	-
Q2 2016	-	-	-
Q3 2016	-	-	-
Q4 2016	-	-	-
2016	35.83 %	26.11 %	23.51 %
Q1 2017	-	-	-
Q2 2017	-	-	-
Q3 2017	-	-	-
Q4 2017	38.40 %	22.72 %	20.89 %
2017	38.40 %	22.72 %	20.89 %
Q1 2018	39.00 %	22.79 %	19.83 %
Q2 2018	37.71 %	20.25 %	16.29 %
Q3 2018	37.71 %	19.16 %	14.88 %
Q4 2018	37.99 %	20.11 %	15.90 %
2018	37.99 %	20.11 %	15.90 %
Q1 2019	38.11 %	20.54 %	15.67 %
Q2 2019	37.68 %	22.02 %	16.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	33.33 %	27.30 %	25.56 %
2013	31.92 %	25.18 %	23.41 %
2014	30.59 %	22.85 %	21.65 %
2015	32.61 %	23.97 %	21.97 %
2016	35.83 %	26.11 %	23.51 %
2017	38.40 %	22.72 %	20.89 %
2018	37.99 %	20.11 %	15.90 %

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	37.28 %	21.78 %	21.84 %
Q2 2017	41.36 %	30.87 %	30.19 %
Q3 2017	36.87 %	15.90 %	12.46 %
Q4 2017	35.46 %	12.36 %	5.81 %
Q1 2018	39.21 %	20.97 %	17.17 %
Q2 2018	38.77 %	26.95 %	24.38 %
Q3 2018	36.84 %	8.26 %	2.83 %
Q4 2018	35.97 %	14.55 %	7.48 %
Q1 2019	39.45 %	22.47 %	16.01 %
Q2 2019	37.69 %	29.21 %	25.42 %

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	400.00	-	-	1.32
Q2 2017	400.00	-	-	1.48
Q3 2017	400.00	-	-	1.35
Q4 2017	400.00	0.29	0.30	1.35
Q1 2018	400.00	0.22	0.23	1.39
Q2 2018	400.00	0.16	0.17	1.34
Q3 2018	400.00	0.14	0.15	1.34
Q4 2018	400.00	0.14	0.15	1.27
Q1 2019	400.00	0.15	0.16	1.31
Q2 2019	400.00	0.17	0.18	1.36

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	-	-	-	-
2010	-	-	-	-
2011	-	-	-	-
2012	16.00	6.54	6.54	6.73
2013	16.00	5.70	5.70	5.89
2014	400.00	0.21	0.21	0.34
2015	400.00	0.22	0.22	0.37
2016	400.00	0.19	0.19	0.81
2017	400.00	0.29	0.30	1.35
2018	400.00	0.14	0.15	1.27

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	-	-	1.56
Q3 2017	-	-	1.95
Q4 2017	8.20	7.91	1.74
Q1 2018	10.35	9.88	1.63
Q2 2018	14.64	13.72	1.72
Q3 2018	13.62	12.67	1.43
Q4 2018	10.94	10.32	1.22
Q1 2019	14.50	13.71	1.62
Q2 2019	11.60	11.05	1.47

Period	P/E	Adjusted P/E	Price/book
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	8.20	7.91	1.74
2018	10.94	10.32	1.22

Business Segments (Million)

Compared With The

Period	Clothing sector	Textiles sector	Eliminations
Q1 2017	170.55	19.95	-
Q2 2017	171.92	36.26	-
Q3 2017	56.93	14.66	(0.45)
Q4 2017	76.79	25.14	-
Q1 2018	60.01	22.46	-
Q2 2018	124.16	33.44	-
Q3 2018	50.54	10.65	-
Q4 2018	55.01	21.09	-
Q1 2019	79.00	22.17	-
Q2 2019	157.71	32.43	-

Period	Clothing sector	Textiles sector	Eliminations
2017	474.63	94.89	-
2018	289.72	87.65	-

Financial Ratios

	Current
Market Cap (M Riyal)	1,816.00
Enterprise Value (EV) (M)	1,688.06
Shares Outstanding ((M))	400.00
EPS ( Riyal) (TTM)	0.22
Book Value (BV) ( Riyal)	1.46
Par Value ( Riyal)	1.00
Adjusted P/E (Last12)	20.36
P/E (TTM)	20.36
Price/book	3.11
Return on Average Assets (%) (TTM)	12.3
Return on Average Equity (%) (TTM)	15.4

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Sign In

Search Result

Thob Al Aseel’s net profit up 23% in H1 2019

View other reports

Share Price

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2019 Q2

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Sign In

×

Forgot password?

Thob Al Aseel’s net profit up 23% in H1 2019

View other reports

Share Price

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2019

Revenue by Business Segment (Latest) 2019 Q2

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)