SIDC profit drops 77% to SAR 5 mln in Q1-2015

19/04/2015 Argaam Exclusive

View other reports

Share Price

Saudi Industrial Development Co. (SIDC)

Saudi Industrial Development Co. (SIDC), which manufactures sanitary ware and mattresses, reported a net profit of SAR 4.7 million for first quarter, 77 percent lower compared to the same period in 2014.

The year-on-year drop was mainly attributed to a decline in miscellaneous revenues.

Compared with

Q4-2014

, the company reported higher net profit, thanks to improved sales and lower operating expenses.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2014	Q1 2015	Change‬
Revenues	75.07	79.01	5.2 %
Gross Income	22.35	24.17	8.1 %
Operating Income	3.50	5.59	59.9 %
Net Income	23.77	4.74	(80.1 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	0.59	0.12	(80.1 %)

Item	Q4 2014	Q1 2015	Change‬
Revenues	68.09	79.01	16.0 %
Gross Income	16.15	24.17	49.6 %
Operating Income	(2.44)	5.59	328.9 %
Net Income	(31.99)	4.74	114.8 %
Average Shares	40.00	40.00	-
EPS (Riyals)	(0.80)	0.12	114.8 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2006	97.20	(0.5 %)	10.39	(12.7 %)	(5.48)	(37.3 %)	(0.14)
Q2 2006	109.04	0.6 %	18.74	54.9 %	(2.50)	45.6 %	(0.06)
Q3 2006	117.30	(5.9 %)	18.01	31.5 %	(1.60)	72.4 %	(0.04)
Q4 2006	106.73	(0.1 %)	12.27	(1.5 %)	(9.64)	32.9 %	(0.24)
2006	430.27	(1.6 %)	59.40	18.5 %	(19.22)	33.2 %	(0.48)
Q1 2007	110.02	13.2 %	12.12	16.7 %	(3.93)	28.2 %	(0.10)
Q2 2007	82.57	(24.3 %)	14.73	(21.4 %)	(2.73)	(9.3 %)	(0.07)
Q3 2007	71.01	(39.5 %)	10.59	(41.2 %)	(3.30)	(105.5 %)	(0.08)
Q4 2007	59.82	(43.9 %)	15.93	29.9 %	21.73	325.5 %	0.54
2007	231.67	(46.2 %)	56.16	(5.5 %)	11.77	161.3 %	0.29
Q1 2008	55.14	(49.9 %)	11.22	(7.5 %)	(1.25)	68.3 %	(0.03)
Q2 2008	66.14	(19.9 %)	13.12	(10.9 %)	(3.09)	(13.2 %)	(0.08)
Q3 2008	72.26	1.8 %	10.43	(1.5 %)	(4.90)	(48.5 %)	(0.12)
Q4 2008	56.80	(5.1 %)	12.16	(23.7 %)	3.71	(82.9 %)	0.09
2008	250.34	8.1 %	46.93	(16.4 %)	(5.52)	(146.9 %)	(0.14)
Q1 2009	51.84	(6.0 %)	6.99	(37.7 %)	(2.75)	(120.9 %)	(0.07)
Q2 2009	58.02	(12.3 %)	12.36	(5.9 %)	0.97	131.5 %	0.02
Q3 2009	60.79	(15.9 %)	13.07	25.3 %	0.13	102.7 %	0.00
Q4 2009	51.76	(8.9 %)	15.85	30.4 %	(1.83)	(149.2 %)	(0.05)
2009	222.42	(11.2 %)	48.26	2.8 %	(3.47)	37.1 %	(0.09)
Q1 2010	52.62	1.5 %	12.19	74.5 %	0.14	105.0 %	0.00
Q2 2010	60.51	4.3 %	14.47	17.2 %	101.10	10279.5 %	2.53
Q3 2010	64.95	6.8 %	17.70	35.5 %	9.73	7328.2 %	0.24
Q4 2010	54.02	4.4 %	11.01	(30.6 %)	(10.36)	(466.7 %)	(0.26)
2010	232.10	4.4 %	55.37	14.7 %	100.61	2996.8 %	2.52
Q1 2011	64.36	22.3 %	15.94	30.8 %	4.26	3008.8 %	0.11
Q2 2011	80.50	33.0 %	18.57	28.3 %	5.67	(94.4 %)	0.14
Q3 2011	82.51	27.0 %	26.05	47.1 %	12.09	24.3 %	0.30
Q4 2011	73.15	35.4 %	17.98	63.4 %	2.60	125.1 %	0.07
2011	300.52	29.5 %	78.54	41.8 %	24.62	(75.5 %)	0.62
Q1 2012	75.20	16.8 %	23.07	44.7 %	9.15	114.8 %	0.23
Q2 2012	81.73	1.5 %	25.04	34.8 %	10.54	85.9 %	0.26
Q3 2012	84.68	2.6 %	25.10	(3.6 %)	8.90	(26.4 %)	0.22
Q4 2012	72.82	(0.4 %)	21.47	19.4 %	4.58	75.9 %	0.11
2012	314.43	4.6 %	94.67	20.5 %	33.16	34.7 %	0.83
Q1 2013	79.81	6.1 %	23.39	1.4 %	6.55	(28.4 %)	0.16
Q2 2013	84.89	3.9 %	27.92	11.5 %	12.28	16.6 %	0.31
Q3 2013	86.34	2.0 %	27.42	9.2 %	9.12	2.5 %	0.23
Q4 2013	68.72	(5.6 %)	21.26	(0.9 %)	7.53	64.6 %	0.19
2013	319.75	1.7 %	99.99	5.6 %	35.48	7.0 %	0.89
Q1 2014	75.07	(5.9 %)	22.35	(4.5 %)	23.77	262.9 %	0.59
Q2 2014	85.66	0.9 %	25.93	(7.1 %)	1.32	(89.3 %)	0.03
Q3 2014	87.12	0.9 %	24.31	(11.3 %)	13.85	51.9 %	0.35
Q4 2014	68.09	(0.9 %)	16.15	(24.0 %)	(31.99)	(524.7 %)	(0.80)
2014	315.94	(1.2 %)	84.31	(15.7 %)	6.95	(80.4 %)	0.17
Q1 2015	79.01	5.2 %	24.17	8.1 %	4.74	(80.1 %)	0.12

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	437.46	2.3 %	50.14	(39.5 %)	(28.76)	(1545.9 %)	(0.72)
2006	430.27	(1.6 %)	59.40	18.5 %	(19.22)	33.2 %	(0.48)
2007	231.67	(46.2 %)	56.16	(5.5 %)	11.77	161.3 %	0.29
2008	250.34	8.1 %	46.93	(16.4 %)	(5.52)	(146.9 %)	(0.14)
2009	222.42	(11.2 %)	48.26	2.8 %	(3.47)	37.1 %	(0.09)
2010	232.10	4.4 %	55.37	14.7 %	100.61	2996.8 %	2.52
2011	300.52	29.5 %	78.54	41.8 %	24.62	(75.5 %)	0.62
2012	314.43	4.6 %	94.67	20.5 %	33.16	34.7 %	0.83
2013	319.75	1.7 %	99.99	5.6 %	35.48	7.0 %	0.89
2014	315.94	(1.2 %)	84.31	(15.7 %)	6.95	(80.4 %)	0.17

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	11.13 %	2.53 %	(6.92 %)
Q2 2006	12.63 %	3.90 %	(6.43 %)
Q3 2006	13.85 %	4.66 %	(5.57 %)
Q4 2006	13.81 %	4.05 %	(4.47 %)
2006	13.81 %	4.05 %	(4.47 %)
Q1 2007	13.80 %	3.79 %	(3.99 %)
Q2 2007	13.71 %	2.96 %	(4.30 %)
Q3 2007	13.42 %	2.23 %	(5.29 %)
Q4 2007	16.50 %	3.34 %	3.64 %
2007	24.24 %	7.35 %	5.08 %
Q1 2008	19.54 %	4.15 %	5.38 %
Q2 2008	20.17 %	4.34 %	5.59 %
Q3 2008	20.01 %	5.04 %	4.93 %
Q4 2008	18.74 %	6.91 %	(2.21 %)
2008	18.74 %	6.91 %	(2.21 %)
Q1 2009	17.28 %	5.52 %	(2.84 %)
Q2 2009	17.55 %	5.13 %	(1.24 %)
Q3 2009	19.59 %	6.24 %	0.91 %
Q4 2009	21.70 %	6.73 %	(1.56 %)
2009	21.70 %	6.73 %	(1.56 %)
Q1 2010	23.95 %	8.97 %	(0.26 %)
Q2 2010	24.63 %	9.21 %	(0.90 %)
Q3 2010	26.20 %	9.99 %	1.30 %
Q4 2010	23.86 %	6.85 %	(2.41 %)
2010	23.86 %	6.85 %	(2.41 %)
Q1 2011	24.25 %	7.41 %	(0.60 %)
Q2 2011	23.96 %	8.26 %	1.77 %
Q3 2011	25.43 %	10.24 %	4.13 %
Q4 2011	26.13 %	12.45 %	8.19 %
2011	26.13 %	12.45 %	8.19 %
Q1 2012	27.51 %	13.92 %	9.48 %
Q2 2012	29.47 %	15.73 %	11.00 %
Q3 2012	28.97 %	14.70 %	9.91 %
Q4 2012	30.11 %	15.19 %	10.54 %
2012	30.11 %	15.19 %	10.54 %
Q1 2013	29.78 %	13.90 %	9.58 %
Q2 2013	30.38 %	13.51 %	10.03 %
Q3 2013	30.94 %	13.32 %	10.04 %
Q4 2013	31.27 %	12.94 %	11.10 %
2013	31.27 %	12.94 %	11.10 %
Q1 2014	31.41 %	12.14 %	14.22 %
Q2 2014	30.70 %	9.94 %	6.56 %
Q3 2014	29.64 %	8.60 %	6.57 %
Q4 2014	28.08 %	7.04 %	(5.66 %)
2014	26.69 %	7.04 %	(5.66 %)
Q1 2015	28.31 %	7.76 %	(9.08 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	11.46 %	3.18 %	(6.57 %)
2006	13.81 %	4.05 %	(4.47 %)
2007	24.24 %	7.35 %	5.08 %
2008	18.74 %	6.91 %	(2.21 %)
2009	21.70 %	6.73 %	(1.56 %)
2010	23.86 %	6.85 %	(2.41 %)
2011	26.13 %	12.45 %	8.19 %
2012	30.11 %	15.19 %	10.54 %
2013	31.27 %	12.94 %	11.10 %
2014	26.69 %	7.04 %	(5.66 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2006	10.68 %	4.02 %	(5.63 %)
Q2 2006	17.18 %	9.36 %	(2.29 %)
Q3 2006	15.36 %	5.44 %	(1.37 %)
Q4 2006	11.50 %	(2.87 %)	(9.03 %)
Q1 2007	11.02 %	2.98 %	(3.57 %)
Q2 2007	17.84 %	6.92 %	(3.31 %)
Q3 2007	14.91 %	3.29 %	(4.64 %)
Q4 2007	26.63 %	(0.89 %)	36.33 %
Q1 2008	20.34 %	6.59 %	(2.26 %)
Q2 2008	19.84 %	8.31 %	(4.68 %)
Q3 2008	14.43 %	5.78 %	(6.77 %)
Q4 2008	21.40 %	7.02 %	6.54 %
Q1 2009	13.48 %	(0.02 %)	(5.30 %)
Q2 2009	21.29 %	7.07 %	1.68 %
Q3 2009	21.49 %	10.08 %	0.22 %
Q4 2009	30.63 %	9.19 %	(3.53 %)
Q1 2010	23.17 %	9.56 %	0.26 %
Q2 2010	23.92 %	8.04 %	(0.77 %)
Q3 2010	27.25 %	12.80 %	7.93 %
Q4 2010	20.37 %	(4.28 %)	(19.27 %)
Q1 2011	24.77 %	11.18 %	6.62 %
Q2 2011	23.07 %	10.68 %	7.04 %
Q3 2011	31.57 %	18.61 %	14.66 %
Q4 2011	24.58 %	8.56 %	3.56 %
Q1 2012	30.68 %	17.46 %	12.17 %
Q2 2012	30.63 %	17.67 %	12.89 %
Q3 2012	29.64 %	14.70 %	10.50 %
Q4 2012	29.48 %	10.65 %	6.28 %
Q1 2013	29.31 %	12.15 %	8.21 %
Q2 2013	32.89 %	16.06 %	14.47 %
Q3 2013	31.75 %	13.96 %	10.56 %
Q4 2013	30.94 %	8.71 %	10.96 %
Q1 2014	29.77 %	8.73 %	21.14 %
Q2 2014	30.27 %	7.94 %	(13.78 %)
Q3 2014	27.90 %	9.04 %	10.56 %
Q4 2014	23.72 %	1.48 %	(45.75 %)
Q1 2015	30.59 %	11.58 %	5.99 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2006	40.00	(0.76)	(0.76)	10.12
Q2 2006	40.00	(0.70)	(0.70)	9.02
Q3 2006	40.00	(0.60)	(0.60)	7.48
Q4 2006	40.00	(0.48)	(0.48)	5.35
Q1 2007	40.00	(0.44)	(0.44)	5.45
Q2 2007	40.00	(0.45)	(0.45)	5.15
Q3 2007	40.00	(0.49)	(0.49)	5.75
Q4 2007	40.00	0.29	0.29	9.06
Q1 2008	40.00	0.36	0.36	9.29
Q2 2008	40.00	0.35	0.35	9.26
Q3 2008	40.00	0.31	0.31	7.30
Q4 2008	40.00	(0.14)	(0.14)	5.86
Q1 2009	40.00	(0.18)	(0.18)	6.14
Q2 2009	40.00	(0.07)	(0.07)	6.77
Q3 2009	40.00	0.05	0.05	7.28
Q4 2009	40.00	(0.09)	(0.09)	7.27
Q1 2010	40.00	(0.01)	(0.01)	7.71
Q2 2010	40.00	2.49	(0.05)	7.92
Q3 2010	40.00	2.73	0.07	8.34
Q4 2010	40.00	2.52	(0.14)	8.09
Q1 2011	40.00	2.62	(0.04)	8.19
Q2 2011	40.00	0.23	0.12	8.34
Q3 2011	40.00	0.29	0.29	8.48
Q4 2011	40.00	0.62	0.62	8.46
Q1 2012	40.00	0.74	0.74	8.69
Q2 2012	40.00	0.86	0.86	8.95
Q3 2012	40.00	0.78	0.78	9.17
Q4 2012	40.00	0.83	0.83	9.26
Q1 2013	40.00	0.76	0.76	9.38
Q2 2013	40.00	0.81	0.81	9.68
Q3 2013	40.00	0.81	0.81	9.91
Q4 2013	40.00	0.89	0.89	10.10
Q1 2014	40.00	1.32	1.12	10.60
Q2 2014	40.00	1.04	0.52	10.71
Q3 2014	40.00	1.16	0.52	11.06
Q4 2014	40.00	0.17	(0.45)	10.26
Q1 2015	40.00	(0.30)	(0.73)	10.34

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	40.00	(0.72)	(0.72)	5.12
2006	40.00	(0.48)	(0.48)	5.35
2007	40.00	0.29	0.29	9.06
2008	40.00	(0.14)	(0.14)	5.86
2009	40.00	(0.09)	(0.09)	7.27
2010	40.00	2.52	(0.14)	8.09
2011	40.00	0.62	0.62	8.46
2012	40.00	0.83	0.83	9.26
2013	40.00	0.89	0.89	10.10
2014	40.00	0.17	(0.45)	10.26

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2006	NEG	NEG	4.31
Q2 2006	NEG	NEG	5.49
Q3 2006	NEG	NEG	9.96
Q4 2006	NEG	NEG	4.63
Q1 2007	NEG	NEG	3.44
Q2 2007	NEG	NEG	3.44
Q3 2007	NEG	NEG	3.69
Q4 2007	More than 50	More than 50	2.79
Q1 2008	49.11	49.11	1.91
Q2 2008	47.53	47.53	1.81
Q3 2008	33.60	33.60	1.44
Q4 2008	NEG	NEG	1.26
Q1 2009	NEG	NEG	1.38
Q2 2009	NEG	NEG	1.48
Q3 2009	More than 50	More than 50	1.33
Q4 2009	NEG	NEG	1.26
Q1 2010	NEG	NEG	1.16
Q2 2010	3.58	NEG	1.12
Q3 2010	3.17	More than 50	1.04
Q4 2010	3.68	NEG	1.14
Q1 2011	4.18	NEG	1.34
Q2 2011	More than 50	More than 50	1.77
Q3 2011	44.59	44.79	1.53
Q4 2011	22.83	22.83	1.66
Q1 2012	41.88	41.88	3.56
Q2 2012	17.28	17.28	1.66
Q3 2012	21.81	21.81	1.85
Q4 2012	19.66	19.66	1.76
Q1 2013	24.48	24.48	1.99
Q2 2013	19.13	19.13	1.60
Q3 2013	19.92	19.92	1.63
Q4 2013	22.32	22.32	1.96
Q1 2014	16.20	19.06	2.01
Q2 2014	20.03	40.35	1.95
Q3 2014	19.20	42.89	2.02
Q4 2014	More than 50	NEG	1.43
Q1 2015	NEG	NEG	1.79

Period	P/E	Adjusted P/E	Price/book
2005	NEG	NEG	16.89
2006	NEG	NEG	4.63
2007	More than 50	More than 50	2.79
2008	NEG	NEG	1.26
2009	NEG	NEG	1.26
2010	3.68	NEG	1.14
2011	22.83	22.83	1.66
2012	19.66	19.66	1.76
2013	22.32	22.32	1.96
2014	More than 50	NEG	1.43

Business Segments (Million)

Compared With The

Period	Mattresses & sponge sector	Sanitary ware segment	Sheet Iron
Q1 2013	68.42	11.38	-
Q2 2013	70.01	14.88	-
Q3 2013	72.99	13.35	-
Q4 2013	56.96	11.75	-
Q1 2014	63.66	11.41	-
Q2 2014	71.48	14.18	-
Q3 2014	75.80	11.31	-
Q4 2014	56.93	11.16	-
Q1 2015	68.29	10.72	-

Period	Mattresses & sponge sector	Sanitary ware segment	Sheet Iron
2005	185.56	39.91	211.98
2006	188.13	29.18	212.96
2007	205.86	25.80	-
2008	216.22	34.12	-
2009	191.20	31.22	-
2010	199.85	32.25	-
2011	261.04	39.48	-
2012	271.72	42.71	-
2013	268.38	51.37	-
2014	267.87	48.06	-

Financial Ratios

	Current
Market Cap (M Riyal)	385.20
Enterprise Value (EV) (M)	402.82
Shares Outstanding ((M))	40.00
EPS ( Riyal) (TTM)	(1.87)
Book Value (BV) ( Riyal)	2.34
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	4.11
Return on Average Assets (%) (TTM)	(31.27 )
Return on Average Equity (%) (TTM)	(58.47 )

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

SIDC profit drops 77% to SAR 5 mln in Q1-2015

View other reports

Share Price

Saudi Industrial Development Co. (SIDC)

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) 2015 Q1

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Sign In

×

Forgot password?

SIDC profit ​drops 77% to SAR 5 mln in Q1-201​5

View other reports

Share Price

Saudi Industrial Development Co. (SIDC)

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) Q1 2015

Revenue by Business Segment (Latest) 2015 Q1

Financial Ratios

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

SIDC profit drops 77% to SAR 5 mln in Q1-2015

Business Segments (Million)