Emaar E.C posts higher net profit at SAR 379.7m for 2014

21/01/2015 Argaam Exclusive

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Share Price

Emaar The Economic City (EMAAR EC)

Emaar The Economic City, which develops the city of King Abdullah Economic City in Rabigh, reported SAR 379.7m net profit at the end of 2014, compared to SAR 273.1m last year, as shown in the following table:

Financials (M)

Item	2013	2014	Change‬
Revenues	833.45	1,064.34	27.7 %
Gross Income	704.67	727.72	3.3 %
Operating Income	469.28	426.06	(9.2 %)
Net Income	273.06	379.68	39.0 %
Average Shares	850.00	850.00	-
EPS (Riyals)	0.32	0.45	39.0 %

Current Quarter Comparison (M)

Compared With The

Item	Q4 2013	Q4 2014	Change‬
Revenues	653.03	303.00	(53.6 %)
Gross Income	580.90	213.00	(63.3 %)
Operating Income	490.89	76.21	(84.5 %)
Net Income	254.33	69.15	(72.8 %)
Average Shares	850.00	850.00	-
EPS (Riyals)	0.30	0.08	(72.8 %)

Item	Q3 2014	Q4 2014	Change‬
Revenues	145.45	303.00	108.3 %
Gross Income	111.68	213.00	90.7 %
Operating Income	58.11	76.21	31.1 %
Net Income	47.80	69.15	44.7 %
Average Shares	850.00	850.00	-
EPS (Riyals)	0.06	0.08	44.7 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2005	-	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-	-
2005	-	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
Q1 2008	-	-	-	-	(19.29)	-	(0.02)
Q2 2008	-	-	-	-	(40.45)	-	(0.05)
Q3 2008	43.76	-	(97.32)	-	(181.79)	-	(0.21)
Q4 2008	57.81	-	(22.97)	-	(50.51)	-	(0.06)
2008	101.57	-	(120.29)	-	(292.04)	-	(0.34)
Q1 2009	82.45	-	1.77	-	(62.33)	(223.2 %)	(0.07)
Q2 2009	83.76	-	20.88	-	(113.12)	(179.7 %)	(0.13)
Q3 2009	73.78	68.6 %	34.99	136.0 %	(63.53)	65.1 %	(0.07)
Q4 2009	20.54	(64.5 %)	11.85	151.6 %	(69.88)	(38.3 %)	(0.08)
2009	260.53	156.5 %	69.48	157.8 %	(308.85)	(5.8 %)	(0.36)
Q1 2010	45.23	(45.1 %)	5.46	209.3 %	(53.47)	14.2 %	(0.06)
Q2 2010	16.24	(80.6 %)	(32.64)	(256.3 %)	(128.40)	(13.5 %)	(0.15)
Q3 2010	15.28	(79.3 %)	(22.86)	(165.3 %)	(195.59)	(207.9 %)	(0.23)
Q4 2010	14.18	(31.0 %)	(13.69)	(215.5 %)	(206.36)	(195.3 %)	(0.24)
2010	90.93	(65.1 %)	(63.72)	(191.7 %)	(583.81)	(89.0 %)	(0.69)
Q1 2011	23.77	(47.4 %)	13.45	146.4 %	(13.58)	74.6 %	(0.02)
Q2 2011	228.00	1303.8 %	152.28	566.6 %	87.57	168.2 %	0.10
Q3 2011	74.82	389.8 %	70.20	407.1 %	6.18	103.2 %	0.01
Q4 2011	81.13	472.2 %	75.69	653.1 %	2.39	101.2 %	0.00
2011	407.72	348.4 %	311.62	589.0 %	82.55	114.1 %	0.10
Q1 2012	142.04	497.5 %	121.88	806.1 %	45.17	432.6 %	0.05
Q2 2012	216.77	(4.9 %)	189.72	24.6 %	92.73	5.9 %	0.11
Q3 2012	138.99	85.8 %	133.92	90.8 %	44.53	620.5 %	0.05
Q4 2012	47.38	(41.6 %)	32.94	(56.5 %)	4.30	80.2 %	0.01
2012	545.18	33.7 %	478.45	53.5 %	186.12	125.5 %	0.22
Q1 2013	14.50	(89.8 %)	8.08	(93.4 %)	(0.33)	(100.7 %)	0.00
Q2 2013	40.04	(81.5 %)	29.39	(84.5 %)	1.10	(98.8 %)	0.00
Q3 2013	125.89	(9.4 %)	86.30	(35.6 %)	17.96	(59.7 %)	0.02
Q4 2013	653.03	1278.3 %	580.90	1663.8 %	254.33	5811.8 %	0.30
2013	833.45	52.9 %	704.67	47.3 %	273.06	46.7 %	0.32
Q1 2014	165.16	1038.8 %	117.64	1356.1 %	49.91	15041.9 %	0.06
Q2 2014	450.74	1025.8 %	287.82	879.4 %	212.82	19194.7 %	0.25
Q3 2014	145.45	15.5 %	111.68	29.4 %	47.80	166.1 %	0.06
Q4 2014	303.00	(53.6 %)	213.00	(63.3 %)	69.15	(72.8 %)	0.08
2014	1,064.34	27.7 %	727.72	3.3 %	379.68	39.0 %	0.45

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	-	-	-	-	-	-	-
2006	-	-	-	-	-	-	-
2007	-	-	-	-	-	-	-
2008	101.57	-	(120.29)	-	(292.04)	-	(0.34)
2009	260.53	156.5 %	69.48	157.8 %	(308.85)	(5.8 %)	(0.36)
2010	90.93	(65.1 %)	(63.72)	(191.7 %)	(583.81)	(89.0 %)	(0.69)
2011	407.72	348.4 %	311.62	589.0 %	82.55	114.1 %	0.10
2012	545.18	33.7 %	478.45	53.5 %	186.12	125.5 %	0.22
2013	833.45	52.9 %	704.67	47.3 %	273.06	46.7 %	0.32
2014	1,064.34	27.7 %	727.72	3.3 %	379.68	39.0 %	0.45

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	(118.44 %)	(368.92 %)	(287.53 %)
2008	(118.44 %)	(368.92 %)	(287.53 %)
Q1 2009	(64.41 %)	(207.75 %)	(182.10 %)
Q2 2009	(36.47 %)	(155.98 %)	(152.27 %)
Q3 2009	11.64 %	(92.27 %)	(97.21 %)
Q4 2009	26.67 %	(102.99 %)	(118.55 %)
2009	26.67 %	(102.99 %)	(118.55 %)
Q1 2010	32.77 %	(112.45 %)	(134.33 %)
Q2 2010	12.62 %	(164.69 %)	(202.35 %)
Q3 2010	(39.26 %)	(281.46 %)	(350.87 %)
Q4 2010	(70.08 %)	(294.10 %)	(350.86 %)
2010	(70.08 %)	(294.10 %)	(350.86 %)
Q1 2011	(80.23 %)	(363.63 %)	(438.75 %)
Q2 2011	45.94 %	(12.36 %)	(31.58 %)
Q3 2011	65.22 %	21.29 %	2.05 %
Q4 2011	76.43 %	35.42 %	13.96 %
2011	76.43 %	35.42 %	13.96 %
Q1 2012	79.86 %	47.49 %	26.87 %
Q2 2012	88.87 %	54.84 %	31.63 %
Q3 2012	90.03 %	55.60 %	34.75 %
Q4 2012	87.76 %	49.86 %	35.06 %
2012	87.76 %	51.34 %	36.71 %
Q1 2013	87.31 %	39.88 %	20.79 %
Q2 2013	84.81 %	4.64 %	(26.72 %)
Q3 2013	68.79 %	(11.26 %)	(39.92 %)
Q4 2013	84.55 %	61.17 %	48.21 %
2013	84.55 %	61.17 %	48.21 %
Q1 2014	82.74 %	62.33 %	51.91 %
Q2 2014	76.90 %	62.34 %	54.90 %
Q3 2014	77.63 %	64.55 %	56.26 %
Q4 2014	68.60 %	46.03 %	35.67 %
2014	68.37 %	46.03 %	35.67 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	(118.44 %)	(368.92 %)	(287.53 %)
2009	26.67 %	(102.99 %)	(118.55 %)
2010	(70.08 %)	(294.10 %)	(350.86 %)
2011	76.43 %	35.42 %	13.96 %
2012	87.76 %	51.34 %	36.71 %
2013	84.55 %	61.17 %	48.21 %
2014	68.37 %	46.03 %	35.67 %

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	(222.39 %)	(446.21 %)	(415.40 %)
Q4 2008	(39.74 %)	(104.40 %)	(87.39 %)
Q1 2009	2.14 %	(70.86 %)	(75.60 %)
Q2 2009	24.92 %	(123.72 %)	(135.05 %)
Q3 2009	47.43 %	(70.98 %)	(86.10 %)
Q4 2009	57.67 %	(262.34 %)	(340.19 %)
Q1 2010	12.07 %	(91.15 %)	(118.20 %)
Q2 2010	(200.95 %)	(671.67 %)	(790.54 %)
Q3 2010	(149.65 %)	(455.82 %)	(586.72 %)
Q4 2010	(96.52 %)	(334.82 %)	(335.30 %)
Q1 2011	56.59 %	(111.11 %)	(165.00 %)
Q2 2011	66.79 %	47.69 %	38.41 %
Q3 2011	93.83 %	50.39 %	8.26 %
Q4 2011	93.29 %	30.06 %	2.94 %
Q1 2012	85.81 %	55.59 %	31.80 %
Q2 2012	87.52 %	65.15 %	50.32 %
Q3 2012	96.35 %	55.61 %	32.04 %
Q4 2012	69.52 %	(54.15 %)	(16.07 %)
Q1 2013	55.71 %	(181.36 %)	(407.95 %)
Q2 2013	73.40 %	(35.33 %)	(105.21 %)
Q3 2013	68.55 %	32.14 %	14.27 %
Q4 2013	88.95 %	78.07 %	74.29 %
Q1 2014	71.23 %	46.78 %	30.22 %
Q2 2014	63.86 %	53.70 %	47.22 %
Q3 2014	76.78 %	57.71 %	32.87 %
Q4 2014	70.30 %	28.61 %	22.82 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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	850.00	-	-	9.96
Q2 2008	850.00	-	-	9.91
Q3 2008	850.00	-	-	9.70
Q4 2008	850.00	(0.34)	(0.34)	9.64
Q1 2009	850.00	(0.39)	(0.39)	9.56
Q2 2009	850.00	(0.48)	(0.48)	9.43
Q3 2009	850.00	(0.34)	(0.34)	9.35
Q4 2009	850.00	(0.36)	(0.36)	9.27
Q1 2010	850.00	(0.35)	(0.35)	9.21
Q2 2010	850.00	(0.37)	(0.37)	9.06
Q3 2010	850.00	(0.53)	(0.40)	8.83
Q4 2010	850.00	(0.69)	(0.38)	8.59
Q1 2011	850.00	(0.64)	(0.36)	8.57
Q2 2011	850.00	(0.39)	(0.10)	8.67
Q3 2011	850.00	(0.15)	0.01	8.68
Q4 2011	850.00	0.10	0.07	8.68
Q1 2012	850.00	0.17	0.17	8.74
Q2 2012	850.00	0.17	0.19	8.85
Q3 2012	850.00	0.22	0.24	8.90
Q4 2012	850.00	0.22	0.22	8.90
Q1 2013	850.00	0.17	0.10	8.90
Q2 2013	850.00	0.06	(0.08)	8.90
Q3 2013	850.00	0.03	(0.11)	8.92
Q4 2013	850.00	0.32	0.47	9.22
Q1 2014	850.00	0.38	0.60	9.28
Q2 2014	850.00	0.63	0.90	9.53
Q3 2014	850.00	0.66	0.94	9.58
Q4 2014	850.00	0.45	0.45	9.67

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	-	-	-	-
2006	-	-	-	-
2007	-	-	-	-
2008	850.00	(0.34)	(0.34)	9.64
2009	850.00	(0.36)	(0.36)	9.27
2010	850.00	(0.69)	(0.38)	8.59
2011	850.00	0.10	0.07	8.68
2012	850.00	0.22	0.24	8.90
2013	850.00	0.32	0.47	9.22
2014	850.00	0.45	0.45	9.67

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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	-	-	2.41
Q2 2008	-	-	3.03
Q3 2008	-	-	2.01
Q4 2008	NEG	NEG	1.24
Q1 2009	NEG	NEG	1.15
Q2 2009	NEG	NEG	1.48
Q3 2009	NEG	NEG	1.49
Q4 2009	NEG	NEG	1.38
Q1 2010	NEG	NEG	1.43
Q2 2010	NEG	NEG	1.26
Q3 2010	NEG	NEG	1.19
Q4 2010	NEG	NEG	1.10
Q1 2011	NEG	NEG	1.07
Q2 2011	NEG	NEG	1.21
Q3 2011	NEG	More than 100	0.99
Q4 2011	More than 100	More than 100	1.13
Q1 2012	More than 100	More than 100	1.99
Q2 2012	69.23	62.28	1.35
Q3 2012	55.17	50.69	1.35
Q4 2012	50.36	49.19	1.24
Q1 2013	76.21	More than 100	1.42
Q2 2013	More than 100	NEG	1.49
Q3 2013	More than 100	NEG	1.73
Q4 2013	55.19	37.50	1.92
Q1 2014	60.28	38.15	2.47
Q2 2014	32.04	22.38	2.12
Q3 2014	34.94	24.81	2.42
Q4 2014	35.48	35.48	1.64

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	NEG	NEG	1.24
2009	NEG	NEG	1.38
2010	NEG	NEG	1.10
2011	More than 100	More than 100	1.13
2012	50.53	46.99	1.24
2013	55.19	37.50	1.92
2014	35.48	35.48	1.64

Financial Ratios

	Current
Market Cap (M Riyal)	7,783.71
Enterprise Value (EV) (M)	14,893.03
Shares Outstanding ((M))	1,133.00
EPS ( Riyal) (TTM)	(0.38)
Book Value (BV) ( Riyal)	5.34
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.29
Return on Average Assets (%) (TTM)	(2.82 )
Return on Average Equity (%) (TTM)	(6.92 )

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Emaar E.C posts higher net profit at SAR 379.7m for 2014

View other reports

Share Price

Emaar The Economic City (EMAAR EC)

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

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Emaar E.C posts higher net profit at SAR 379.7m for 2014

View other reports

Share Price

Emaar The Economic City (EMAAR EC)

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

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