Zoujaj’s net profit plummets 86% in H1 2019

31/07/2019 Argaam Exclusive

View other reports

Share Price

The National Company for Glass Industries (ZOUJAJ)

The National Company for Glass Industries (Zoujaj) reported a net profit after zakat and tax of SAR 3.2 million for H1 2019, a decline of 86.03 percent year-on-year (YoY) due to lower operating profit and decreased sales revenue.

The drop in profit was also attributed to an associate's un-scheduled maintenance costing SAR 6 million during the second quarter, which impacted Zoujaj profit share.

Financials (M)

Item	6m 2018	6m 2019	Change‬
Revenues	53.82	46.37	(13.8 %)
Gross Income	18.07	8.73	(51.7 %)
Operating Income	10.95	3.05	(72.1 %)
Net Income	22.93	3.21	(86.0 %)
Average Shares	32.90	32.90	-
EPS (Riyals)	0.70	0.10	(86.0 %)

Zoujaj reported net losses of SAR 1.4 million in Q2 2019, versus net profit of SAR 11.5 million in year-earlier period, driven by lower operating profit, and decreased profit share from an associate company.

On a quarterly basis, the company swung to losses in Q2 2019 versus net profit of SAR 4.6 million in Q1 2019.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2018	Q2 2019	Change‬
Revenues	29.18	20.40	(30.1 %)
Gross Income	9.35	2.24	(76.0 %)
Operating Income	5.91	(0.48)	(108.1 %)
Net Income	11.56	(1.41)	(112.2 %)
Average Shares	32.90	32.90	-
EPS (Riyals)	0.35	(0.04)	(112.2 %)

Item	Q1 2019	Q2 2019	Change‬
Revenues	25.97	20.40	(21.4 %)
Gross Income	6.48	2.24	(65.4 %)
Operating Income	3.53	(0.48)	(113.5 %)
Net Income	4.63	(1.41)	(130.6 %)
Average Shares	32.90	32.90	-
EPS (Riyals)	0.14	(0.04)	(130.6 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2010	30.22	(16.3 %)	13.88	(27.0 %)	17.43	(15.4 %)	0.58
Q2 2010	28.29	(10.9 %)	12.22	(22.4 %)	18.96	83.2 %	0.63
Q3 2010	24.67	(7.7 %)	10.72	(21.7 %)	20.20	102.9 %	0.67
Q4 2010	27.62	(0.3 %)	13.15	3.9 %	14.46	214.1 %	0.48
2010	110.80	(9.4 %)	49.97	(18.2 %)	71.05	56.1 %	2.37
Q1 2011	31.66	4.7 %	13.19	(5.0 %)	24.96	43.2 %	0.83
Q2 2011	32.76	15.8 %	12.16	(0.5 %)	29.70	56.7 %	0.99
Q3 2011	27.17	10.1 %	9.45	(11.9 %)	21.15	4.7 %	0.70
Q4 2011	26.39	(4.5 %)	8.84	(32.8 %)	5.32	(63.3 %)	0.18
2011	117.97	6.5 %	43.63	(12.7 %)	81.11	14.2 %	2.70
Q1 2012	25.58	(19.2 %)	9.82	(25.5 %)	17.71	(29.1 %)	0.59
Q2 2012	30.06	(8.2 %)	12.14	(0.1 %)	15.86	(46.6 %)	0.53
Q3 2012	26.47	(2.6 %)	9.84	4.1 %	11.67	(44.8 %)	0.39
Q4 2012	30.65	16.1 %	10.04	13.6 %	(1.58)	(129.7 %)	(0.05)
2012	112.75	(4.4 %)	41.83	(4.1 %)	43.66	(46.2 %)	1.46
Q1 2013	24.21	(5.4 %)	8.59	(12.6 %)	8.62	(51.3 %)	0.29
Q2 2013	28.96	(3.7 %)	11.56	(4.8 %)	13.08	(17.5 %)	0.44
Q3 2013	24.22	(8.5 %)	8.47	(13.9 %)	13.40	14.8 %	0.45
Q4 2013	24.64	(19.6 %)	8.57	(14.6 %)	9.82	722.4 %	0.33
2013	102.02	(9.5 %)	37.19	(11.1 %)	44.93	2.9 %	1.50
Q1 2014	29.88	23.4 %	10.63	23.8 %	14.83	72.0 %	0.49
Q2 2014	21.24	(26.7 %)	6.39	(44.8 %)	14.09	7.7 %	0.47
Q3 2014	23.66	(2.3 %)	9.30	9.8 %	16.86	25.8 %	0.56
Q4 2014	25.25	2.5 %	10.41	21.4 %	15.74	60.2 %	0.52
2014	100.03	(1.9 %)	36.73	(1.2 %)	61.51	36.9 %	2.05
Q1 2015	27.81	(6.9 %)	10.68	0.5 %	18.64	25.7 %	0.62
Q2 2015	23.17	9.1 %	8.48	32.8 %	16.62	18.0 %	0.55
Q3 2015	20.24	(14.5 %)	5.14	(44.8 %)	6.30	(62.6 %)	0.21
Q4 2015	32.67	29.4 %	11.40	9.5 %	3.54	(77.5 %)	0.12
2015	103.89	3.9 %	36.89	0.4 %	45.11	(26.7 %)	1.50
Q1 2016	33.73	21.3 %	12.08	13.1 %	13.66	(26.7 %)	0.46
Q2 2016	32.85	41.8 %	9.50	12.0 %	11.64	(30.0 %)	0.39
Q3 2016	17.01	(16.0 %)	2.34	(54.4 %)	4.70	(25.4 %)	0.16
Q4 2016	17.24	(47.2 %)	3.06	(73.2 %)	(7.82)	(320.7 %)	(0.26)
2016	100.82	(3.0 %)	26.98	(26.9 %)	21.67	(52.0 %)	0.72
Q1 2017	36.47	8.1 %	11.06	(8.4 %)	15.20	11.3 %	0.47
Q2 2017	26.49	(19.4 %)	7.21	(24.2 %)	37.61	223.2 %	1.17
Q3 2017	31.67	86.2 %	5.57	138.0 %	14.78	214.2 %	0.46
Q4 2017	22.27	29.2 %	2.48	(19.1 %)	(2.38)	69.6 %	(0.07)
2017	116.89	15.9 %	26.32	(2.5 %)	65.20	200.9 %	2.03
Q1 2018	24.65	(32.4 %)	8.72	(21.2 %)	11.37	(25.2 %)	0.35
Q2 2018	29.18	10.2 %	9.35	29.8 %	11.56	(69.3 %)	0.35
Q3 2018	24.56	(22.4 %)	6.90	23.8 %	8.68	(41.3 %)	0.26
Q4 2018	20.28	(8.9 %)	4.70	89.5 %	0.14	105.7 %	0.00
2018	98.67	(15.6 %)	29.67	12.7 %	31.74	(51.3 %)	0.96
Q1 2019	25.97	5.4 %	6.48	(25.6 %)	4.63	(59.3 %)	0.14
Q2 2019	20.40	(30.1 %)	2.24	(76.0 %)	(1.41)	(112.2 %)	(0.04)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2009	122.32	12.7 %	61.11	43.5 %	45.53	(32.7 %)	1.52
2010	110.80	(9.4 %)	49.97	(18.2 %)	71.05	56.1 %	2.37
2011	117.97	6.5 %	43.63	(12.7 %)	81.11	14.2 %	2.70
2012	112.75	(4.4 %)	41.83	(4.1 %)	43.66	(46.2 %)	1.46
2013	102.02	(9.5 %)	37.19	(11.1 %)	44.93	2.9 %	1.50
2014	100.03	(1.9 %)	36.73	(1.2 %)	61.51	36.9 %	2.05
2015	103.89	3.9 %	36.89	0.4 %	45.11	(26.7 %)	1.50
2016	100.82	(3.0 %)	26.98	(26.9 %)	21.67	(52.0 %)	0.72
2017	116.89	15.9 %	26.32	(2.5 %)	65.20	200.9 %	2.03
2018	98.67	(15.6 %)	29.67	12.7 %	31.74	(51.3 %)	0.96

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	48.08 %	51.21 %	36.37 %
Q2 2010	46.43 %	49.59 %	45.10 %
Q3 2010	44.62 %	47.25 %	55.19 %
Q4 2010	45.10 %	47.36 %	64.12 %
2010	45.10 %	47.36 %	64.12 %
Q1 2011	43.90 %	45.40 %	70.02 %
Q2 2011	42.16 %	43.31 %	76.54 %
Q3 2011	40.21 %	41.73 %	75.73 %
Q4 2011	36.98 %	38.01 %	68.76 %
2011	36.98 %	38.00 %	68.76 %
Q1 2012	35.98 %	37.57 %	66.02 %
Q2 2012	36.86 %	38.30 %	54.97 %
Q3 2012	37.46 %	38.40 %	46.60 %
Q4 2012	37.10 %	37.23 %	38.72 %
2012	37.10 %	37.24 %	38.72 %
Q1 2013	36.45 %	36.00 %	31.04 %
Q2 2013	36.29 %	35.14 %	28.84 %
Q3 2013	35.78 %	34.67 %	31.03 %
Q4 2013	36.46 %	35.04 %	44.04 %
2013	36.46 %	35.03 %	44.04 %
Q1 2014	36.43 %	35.32 %	47.48 %
Q2 2014	34.07 %	32.67 %	52.15 %
Q3 2014	35.10 %	32.17 %	55.92 %
Q4 2014	36.72 %	32.85 %	61.49 %
2014	36.72 %	32.85 %	61.49 %
Q1 2015	37.55 %	31.98 %	66.68 %
Q2 2015	38.92 %	32.33 %	67.93 %
Q3 2015	35.98 %	29.97 %	59.40 %
Q4 2015	34.37 %	31.29 %	43.42 %
2015	35.51 %	32.43 %	43.42 %
Q1 2016	33.79 %	34.71 %	36.54 %
Q2 2016	31.90 %	36.13 %	29.41 %
Q3 2016	30.38 %	37.26 %	28.85 %
Q4 2016	26.76 %	36.55 %	30.93 %
2016	26.76 %	36.04 %	30.42 %
Q1 2017	25.07 %	35.55 %	31.60 %
Q2 2017	24.35 %	37.55 %	32.86 %
Q3 2017	24.05 %	36.80 %	37.56 %
Q4 2017	22.52 %	34.31 %	39.91 %
2017	22.52 %	34.31 %	39.91 %
Q1 2018	22.82 %	35.90 %	46.08 %
Q2 2018	24.24 %	36.67 %	50.02 %
Q3 2018	27.27 %	40.70 %	52.88 %
Q4 2018	30.07 %	47.29 %	63.60 %
2018	30.07 %	47.29 %	63.60 %
Q1 2019	27.43 %	45.31 %	53.63 %
Q2 2019	22.28 %	42.24 %	40.08 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2009	49.96 %	53.13 %	37.22 %
2010	45.10 %	47.36 %	64.12 %
2011	36.98 %	38.00 %	68.76 %
2012	37.10 %	37.24 %	38.72 %
2013	36.46 %	35.03 %	44.04 %
2014	36.72 %	32.85 %	61.49 %
2015	35.51 %	32.43 %	43.42 %
2016	26.76 %	36.04 %	30.42 %
2017	22.52 %	34.31 %	39.91 %
2018	30.07 %	47.29 %	63.60 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2010	45.94 %	47.41 %	57.66 %
Q2 2010	43.21 %	46.32 %	67.03 %
Q3 2010	43.44 %	44.43 %	81.88 %
Q4 2010	47.59 %	50.98 %	52.36 %
Q1 2011	41.65 %	40.45 %	78.86 %
Q2 2011	37.12 %	38.76 %	90.67 %
Q3 2011	34.77 %	37.38 %	77.82 %
Q4 2011	33.49 %	34.79 %	20.14 %
Q1 2012	38.39 %	39.12 %	69.23 %
Q2 2012	40.40 %	41.50 %	52.76 %
Q3 2012	37.17 %	37.79 %	44.11 %
Q4 2012	32.75 %	31.00 %	(5.15 %)
Q1 2013	35.47 %	33.54 %	35.62 %
Q2 2013	39.94 %	38.43 %	45.18 %
Q3 2013	34.98 %	35.97 %	55.33 %
Q4 2013	34.80 %	31.60 %	39.86 %
Q1 2014	35.56 %	34.85 %	49.64 %
Q2 2014	30.08 %	27.07 %	66.32 %
Q3 2014	39.32 %	33.94 %	71.24 %
Q4 2014	41.23 %	34.33 %	62.32 %
Q1 2015	38.41 %	31.94 %	67.04 %
Q2 2015	36.61 %	28.96 %	71.72 %
Q3 2015	25.39 %	22.98 %	31.13 %
Q4 2015	34.90 %	37.52 %	10.84 %
Q1 2016	35.81 %	42.98 %	40.49 %
Q2 2016	28.92 %	35.82 %	35.42 %
Q3 2016	13.77 %	28.20 %	27.65 %
Q4 2016	17.76 %	33.60 %	6.89 %
Q1 2017	30.34 %	39.67 %	41.68 %
Q2 2017	27.20 %	43.23 %	40.97 %
Q3 2017	17.60 %	29.85 %	46.66 %
Q4 2017	11.12 %	21.26 %	26.14 %
Q1 2018	35.38 %	49.00 %	68.83 %
Q2 2018	32.05 %	45.43 %	56.01 %
Q3 2018	28.09 %	44.40 %	57.39 %
Q4 2018	23.15 %	51.39 %	75.68 %
Q1 2019	24.97 %	41.29 %	30.20 %
Q2 2019	11.00 %	31.76 %	(3.56 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2010	30.00	1.41	1.41	15.94
Q2 2010	30.00	1.70	1.70	15.78
Q3 2010	30.00	2.04	2.04	16.58
Q4 2010	30.00	2.37	2.37	17.50
Q1 2011	30.00	2.62	2.62	18.66
Q2 2011	30.00	2.98	2.98	18.06
Q3 2011	30.00	3.01	3.01	18.60
Q4 2011	30.00	2.70	2.70	19.12
Q1 2012	30.00	2.46	2.46	20.12
Q2 2012	30.00	2.00	2.00	18.25
Q3 2012	30.00	1.69	1.69	18.51
Q4 2012	30.00	1.46	1.46	18.81
Q1 2013	30.00	1.15	1.15	19.08
Q2 2013	30.00	1.06	1.06	18.35
Q3 2013	30.00	1.12	1.12	19.03
Q4 2013	30.00	1.50	1.50	19.69
Q1 2014	30.00	1.70	1.70	20.41
Q2 2014	30.00	1.74	1.74	19.49
Q3 2014	30.00	1.85	1.85	20.04
Q4 2014	30.00	2.05	2.05	20.56
Q1 2015	30.00	2.18	2.18	21.18
Q2 2015	30.00	2.26	2.26	19.98
Q3 2015	30.00	1.91	1.91	19.19
Q4 2015	30.00	1.50	1.50	19.31
Q1 2016	30.00	1.34	1.34	19.73
Q2 2016	30.00	1.17	1.17	19.55
Q3 2016	30.00	1.12	1.12	18.93
Q4 2016	30.00	0.74	1.04	18.50
Q1 2017	32.18	0.74	1.02	19.06
Q2 2017	32.18	1.54	0.99	19.35
Q3 2017	32.18	1.86	1.31	19.30
Q4 2017	32.18	2.03	1.45	19.46
Q1 2018	32.90	1.87	1.47	19.53
Q2 2018	32.90	1.07	1.64	19.33
Q3 2018	32.90	0.89	1.62	19.77
Q4 2018	32.90	0.96	1.91	19.83
Q1 2019	32.90	0.76	1.63	20.21
Q2 2019	32.90	0.37	1.11	19.08

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2009	30.00	1.52	1.52	15.15
2010	30.00	2.37	2.37	17.50
2011	30.00	2.70	2.70	19.12
2012	30.00	1.46	1.46	18.81
2013	30.00	1.50	1.50	19.69
2014	30.00	2.05	2.05	20.56
2015	30.00	1.50	1.50	19.31
2016	30.00	0.72	1.02	18.50
2017	32.18	2.03	1.45	19.46
2018	32.90	0.96	1.91	19.83

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2010	20.40	20.40	1.81
Q2 2010	14.53	14.53	1.56
Q3 2010	13.44	13.44	1.65
Q4 2010	12.87	12.87	1.74
Q1 2011	12.48	12.48	1.75
Q2 2011	12.41	12.41	2.05
Q3 2011	12.83	12.83	2.08
Q4 2011	14.48	14.48	2.05
Q1 2012	18.13	18.13	2.22
Q2 2012	15.35	15.35	1.68
Q3 2012	18.42	18.42	1.68
Q4 2012	19.29	19.29	1.49
Q1 2013	24.93	24.93	1.51
Q2 2013	25.66	25.66	1.48
Q3 2013	30.42	30.42	1.79
Q4 2013	21.97	21.97	1.67
Q1 2014	20.33	20.33	1.70
Q2 2014	23.97	23.97	2.14
Q3 2014	27.13	27.13	2.51
Q4 2014	17.51	17.51	1.75
Q1 2015	19.66	19.66	2.02
Q2 2015	19.84	19.84	2.25
Q3 2015	17.33	17.33	1.73
Q4 2015	19.19	19.19	1.49
Q1 2016	16.87	16.87	1.14
Q2 2016	19.52	19.52	1.17
Q3 2016	15.41	15.41	0.91
Q4 2016	29.51	20.99	1.18
Q1 2017	26.07	18.90	1.08
Q2 2017	13.15	20.46	1.03
Q3 2017	11.79	16.77	1.11
Q4 2017	10.63	14.86	1.08
Q1 2018	11.07	14.03	1.06
Q2 2018	18.67	12.23	1.04
Q3 2018	20.49	11.25	0.92
Q4 2018	18.66	9.44	0.91
Q1 2019	24.21	11.29	0.91
Q2 2019	48.97	16.11	0.94

Period	P/E	Adjusted P/E	Price/book
2009	18.37	18.37	1.84
2010	12.87	12.87	1.74
2011	14.48	14.48	2.05
2012	19.29	19.29	1.49
2013	21.97	21.97	1.67
2014	17.51	17.51	1.75
2015	19.19	19.19	1.49
2016	30.20	21.33	1.18
2017	10.63	14.86	1.08
2018	18.66	9.44	0.91

Financial Ratios

	Current
Market Cap (M Riyal)	1,314.36
Enterprise Value (EV) (M)	1,279.00
Shares Outstanding ((M))	32.90
EPS ( Riyal) (TTM)	1.89
Book Value (BV) ( Riyal)	22.13
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	21.12
P/E (TTM)	21.12
Price/book	1.81
Return on Average Assets (%) (TTM)	7.7
Return on Average Equity (%) (TTM)	8.7

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

Zoujaj’s net profit plummets 86% in H1 2019

View other reports

Share Price

The National Company for Glass Industries (ZOUJAJ)

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

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Sign In

×

Forgot password?

Zoujaj’s net profit plummets 86% in H1 2019

View other reports

Share Price

The National Company for Glass Industries (ZOUJAJ)

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

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}