Knowledge Economic City reported a net loss of SAR 16.1 million for the first half of this year, compared to a net profit of about SAR 1 million a year earlier, due to lower revenue and higher expenses.
| Item | 6m 2016 | 6m 2017 | Change |
|---|---|---|---|
| Revenues | 35.26 | 17.12 | (51.5 %) |
| Gross Income | 16.74 | 2.30 | (86.3 %) |
| Operating Income | 1.55 | (17.05) | (1198.3 %) |
| Net Income | 1.10 | (16.10) | (1570.6 %) |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | 0.00 | (0.05) | (1570.6 %) |
The second quarter saw a net loss of SAR 9.2 million compared to a net profit of SAR 8.5 million in the same quarter last year, on the back of lower revenue and lower income from Murabaha.
Net loss in Q2 widened by 33.4 percent compared from a loss of SAR 6.9 million in the previous quarter on lower revenue, lower income from Murabaha and an increase in zakat.
| Item | Q2 2016 | Q2 2017 | Change |
|---|---|---|---|
| Revenues | 29.90 | 8.43 | (71.8 %) |
| Gross Income | 17.08 | 0.61 | (96.4 %) |
| Operating Income | 7.76 | (8.98) | (215.7 %) |
| Net Income | 8.55 | (9.20) | (207.6 %) |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | 0.03 | (0.03) | (207.6 %) |
| Item | Q1 2017 | Q2 2017 | Change |
|---|---|---|---|
| Revenues | 8.69 | 8.43 | (2.9 %) |
| Gross Income | 1.69 | 0.61 | (64.1 %) |
| Operating Income | (8.07) | (8.98) | (11.3 %) |
| Net Income | (6.90) | (9.20) | (33.4 %) |
| Average Shares | 339.30 | 339.30 | - |
| EPS (Riyals) | (0.02) | (0.03) | (33.4 %) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2008 | - | - | - | - | - | - | - |
| Q2 2008 | - | - | - | - | - | - | - |
| Q3 2008 | - | - | - | - | - | - | - |
| Q4 2008 | - | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - | - |
| Q1 2009 | - | - | - | - | - | - | - |
| Q2 2009 | - | - | - | - | - | - | - |
| Q3 2009 | - | - | - | - | - | - | - |
| Q4 2009 | - | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - | - |
| Q1 2010 | - | - | - | - | - | - | - |
| Q2 2010 | - | - | - | - | - | - | - |
| Q3 2010 | - | - | - | - | - | - | - |
| Q4 2010 | - | - | - | - | - | - | - |
| 2010 | - | - | - | - | (145.63) | - | (0.43) |
| Q1 2011 | 86.22 | - | 63.38 | - | 20.19 | - | 0.06 |
| Q2 2011 | - | - | - | - | (9.28) | - | (0.03) |
| Q3 2011 | - | - | - | - | (9.96) | - | (0.03) |
| Q4 2011 | 7.72 | - | 3.13 | - | (10.08) | - | (0.03) |
| 2011 | 93.94 | - | 66.50 | - | (9.13) | 93.7 % | (0.03) |
| Q1 2012 | 4.02 | (95.3 %) | 1.79 | (97.2 %) | (8.33) | (141.3 %) | (0.02) |
| Q2 2012 | 26.52 | - | 16.79 | - | (0.78) | 91.6 % | 0.00 |
| Q3 2012 | 57.04 | - | 40.04 | - | 9.69 | 197.3 % | 0.03 |
| Q4 2012 | 5.00 | (35.2 %) | (1.68) | (153.7 %) | (26.63) | (164.1 %) | (0.08) |
| 2012 | 92.58 | (1.4 %) | 56.94 | (14.4 %) | (26.05) | (185.4 %) | (0.08) |
| Q1 2013 | 5.99 | 49.0 % | 2.56 | 43.1 % | (8.14) | 2.3 % | (0.02) |
| Q2 2013 | 8.88 | (66.5 %) | 3.52 | (79.0 %) | (3.02) | (287.3 %) | (0.01) |
| Q3 2013 | 18.92 | (66.8 %) | 5.12 | (87.2 %) | 1.72 | (82.3 %) | 0.01 |
| Q4 2013 | 4.38 | (12.6 %) | (0.33) | 80.1 % | 9.07 | 134.1 % | 0.03 |
| 2013 | 38.16 | (58.8 %) | 10.87 | (80.9 %) | (0.37) | 98.6 % | 0.00 |
| Q1 2014 | 21.67 | 261.7 % | 4.51 | 75.8 % | (2.49) | 69.4 % | (0.01) |
| Q2 2014 | 27.56 | 210.4 % | 7.64 | 117.2 % | 15.53 | 614.7 % | 0.05 |
| Q3 2014 | 12.72 | (32.8 %) | 4.19 | (18.1 %) | 15.93 | 826.8 % | 0.05 |
| Q4 2014 | 10.82 | 147.3 % | (6.15) | (1,740.7 %) | (57.15) | (730.3 %) | (0.17) |
| 2014 | 72.76 | 90.7 % | 10.19 | (6.2 %) | (28.18) | (7,453.6 %) | (0.08) |
| Q1 2015 | 4.11 | (81.0 %) | (0.74) | (116.4 %) | (4.81) | (93.2 %) | (0.01) |
| Q2 2015 | 10.23 | (62.9 %) | 4.27 | (44.1 %) | (3.11) | (120.0 %) | (0.01) |
| Q3 2015 | 7.04 | (44.6 %) | 2.75 | (34.4 %) | (5.74) | (136.1 %) | (0.02) |
| Q4 2015 | 9.59 | (11.4 %) | (0.74) | 87.9 % | 2.19 | 103.8 % | 0.01 |
| 2015 | 30.97 | (57.4 %) | 5.54 | (45.6 %) | (11.47) | 59.3 % | (0.03) |
| Q1 2016 | 5.36 | 30.5 % | (0.34) | 54.3 % | (7.46) | (55.1 %) | (0.02) |
| Q2 2016 | 29.90 | 192.4 % | 17.08 | 299.9 % | 8.55 | 375.1 % | 0.03 |
| Q3 2016 | 4.19 | (40.6 %) | (0.29) | (110.4 %) | (9.12) | (58.8 %) | (0.03) |
| Q4 2016 | 65.86 | 587.0 % | 40.98 | 5630.4 % | 22.04 | 906.7 % | 0.06 |
| 2016 | 105.31 | 240.1 % | 57.44 | 936.8 % | 14.01 | 222.1 % | 0.04 |
| Q1 2017 | 8.69 | 61.9 % | 1.69 | 600.6 % | (6.90) | 7.5 % | (0.02) |
| Q2 2017 | 8.43 | (71.8 %) | 0.61 | (96.4 %) | (9.20) | (207.6 %) | (0.03) |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2007 | - | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - | - |
| 2010 | - | - | - | - | (145.63) | - | (0.43) |
| 2011 | 93.94 | - | 66.50 | - | (9.13) | 93.7 % | (0.03) |
| 2012 | 92.58 | (1.4 %) | 56.94 | (14.4 %) | (26.05) | (185.4 %) | (0.08) |
| 2013 | 38.16 | (58.8 %) | 10.87 | (80.9 %) | (0.37) | 98.6 % | 0.00 |
| 2014 | 72.76 | 90.7 % | 10.19 | (6.2 %) | (28.18) | (7,453.6 %) | (0.08) |
| 2015 | 30.97 | (57.4 %) | 5.54 | (45.6 %) | (11.47) | 59.3 % | (0.03) |
| 2016 | 105.31 | 240.1 % | 57.44 | 936.8 % | 14.01 | 222.1 % | 0.04 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| 2010 | - | - | - |
| Q1 2011 | - | - | - |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | 70.80 % | 23.71 % | (9.72 %) |
| 2011 | 70.80 % | 23.71 % | (9.72 %) |
| Q1 2012 | 41.88 % | (309.15 %) | (320.76 %) |
| Q2 2012 | 56.72 % | (51.57 %) | (76.18 %) |
| Q3 2012 | 64.79 % | 22.25 % | (9.97 %) |
| Q4 2012 | 61.50 % | 8.80 % | (28.13 %) |
| 2012 | 61.50 % | 8.80 % | (28.13 %) |
| Q1 2013 | 61.04 % | 11.49 % | (27.35 %) |
| Q2 2013 | 57.79 % | 1.09 % | (36.53 %) |
| Q3 2013 | 24.55 % | (72.81 %) | (92.97 %) |
| Q4 2013 | 28.48 % | (43.36 %) | (0.97 %) |
| 2013 | 28.47 % | (43.37 %) | (0.98 %) |
| Q1 2014 | 23.79 % | (22.71 %) | 9.81 % |
| Q2 2014 | 23.35 % | (7.42 %) | 32.85 % |
| Q3 2014 | 24.13 % | (9.99 %) | 57.36 % |
| Q4 2014 | 14.01 % | (20.36 %) | 0.65 % |
| 2014 | 14.01 % | (20.36 %) | 0.65 % |
| Q1 2015 | 8.96 % | (37.39 %) | (3.34 %) |
| Q2 2015 | 4.16 % | (62.92 %) | (54.09 %) |
| Q3 2015 | 0.41 % | (100.25 %) | (130.94 %) |
| Q4 2015 | 17.89 % | (77.46 %) | (37.04 %) |
| 2015 | 17.89 % | (77.46 %) | (37.04 %) |
| Q1 2016 | 18.44 % | (70.62 %) | (43.82 %) |
| Q2 2016 | 36.14 % | (23.94 %) | (4.74 %) |
| Q3 2016 | 32.05 % | (27.68 %) | (11.91 %) |
| Q4 2016 | 54.54 % | 16.00 % | 13.30 % |
| 2016 | 54.54 % | 16.00 % | 13.30 % |
| Q1 2017 | 54.74 % | 13.76 % | 13.41 % |
| Q2 2017 | 49.32 % | (2.04 %) | (3.66 %) |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | - | - | - |
| 2011 | 70.80 % | 23.71 % | (9.72 %) |
| 2012 | 61.50 % | 8.80 % | (28.13 %) |
| 2013 | 28.47 % | (43.37 %) | (0.98 %) |
| 2014 | 14.01 % | (20.36 %) | 0.65 % |
| 2015 | 17.89 % | (77.46 %) | (37.04 %) |
| 2016 | 54.54 % | 16.00 % | 13.30 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| Q1 2011 | 73.51 % | 58.58 % | 23.42 % |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | 40.50 % | (56.84 %) | (130.66 %) |
| Q1 2012 | 44.54 % | (200.25 %) | (207.19 %) |
| Q2 2012 | 63.28 % | 16.59 % | (2.94 %) |
| Q3 2012 | 70.21 % | 51.27 % | 16.99 % |
| Q4 2012 | (33.52 %) | (348.59 %) | (532.24 %) |
| Q1 2013 | 42.77 % | (89.04 %) | (135.85 %) |
| Q2 2013 | 39.62 % | (63.40 %) | (33.98 %) |
| Q3 2013 | 27.07 % | 0.83 % | 9.09 % |
| Q4 2013 | (7.63 %) | (131.27 %) | 207.25 % |
| Q1 2014 | 20.79 % | (4.67 %) | (11.48 %) |
| Q2 2014 | 27.72 % | 4.43 % | 56.35 % |
| Q3 2014 | 32.98 % | (8.56 %) | 125.29 % |
| Q4 2014 | (56.83 %) | (128.77 %) | (263.45 %) |
| Q1 2015 | (18.00 %) | (166.48 %) | (116.91 %) |
| Q2 2015 | 41.76 % | (19.23 %) | (30.39 %) |
| Q3 2015 | 39.06 % | (135.47 %) | (81.59 %) |
| Q4 2015 | (7.73 %) | (58.80 %) | 22.83 % |
| Q1 2016 | (6.30 %) | (104.61 %) | (139.01 %) |
| Q2 2016 | 57.13 % | 27.96 % | 28.60 % |
| Q3 2016 | (6.86 %) | (255.29 %) | (217.99 %) |
| Q4 2016 | 62.22 % | 37.63 % | 33.46 % |
| Q1 2017 | 19.48 % | (86.53 %) | (79.44 %) |
| Q2 2017 | 7.21 % | (99.18 %) | (109.13 %) |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2008 | - | - | - | - |
| Q2 2008 | - | - | - | - |
| Q3 2008 | - | - | - | - |
| Q4 2008 | - | - | - | - |
| Q1 2009 | - | - | - | - |
| Q2 2009 | - | - | - | - |
| Q3 2009 | - | - | - | - |
| Q4 2009 | - | - | - | - |
| Q1 2010 | - | - | - | - |
| Q2 2010 | - | - | - | - |
| Q3 2010 | - | - | - | - |
| Q4 2010 | - | - | - | - |
| Q1 2011 | 339.30 | - | - | 9.54 |
| Q2 2011 | 339.30 | - | - | 9.52 |
| Q3 2011 | 339.30 | - | - | 9.49 |
| Q4 2011 | 339.30 | (0.03) | (0.03) | 9.46 |
| Q1 2012 | 339.30 | (0.11) | (0.11) | 9.43 |
| Q2 2012 | 339.30 | (0.09) | (0.09) | 9.43 |
| Q3 2012 | 339.30 | (0.03) | (0.03) | 9.46 |
| Q4 2012 | 339.30 | (0.08) | (0.08) | 9.38 |
| Q1 2013 | 339.30 | (0.08) | (0.08) | 9.36 |
| Q2 2013 | 339.30 | (0.08) | (0.08) | 9.35 |
| Q3 2013 | 339.30 | (0.11) | (0.11) | 9.35 |
| Q4 2013 | 339.30 | 0.00 | 0.00 | 9.38 |
| Q1 2014 | 339.30 | 0.02 | 0.02 | 9.37 |
| Q2 2014 | 339.30 | 0.07 | 0.07 | 9.42 |
| Q3 2014 | 339.30 | 0.11 | 0.11 | 9.47 |
| Q4 2014 | 339.30 | (0.08) | 0.00 | 9.30 |
| Q1 2015 | 339.30 | (0.09) | (0.01) | 9.28 |
| Q2 2015 | 339.30 | (0.14) | (0.06) | 9.27 |
| Q3 2015 | 339.30 | (0.21) | (0.12) | 9.26 |
| Q4 2015 | 339.30 | (0.03) | (0.03) | 9.26 |
| Q1 2016 | 339.30 | (0.04) | (0.04) | 9.26 |
| Q2 2016 | 339.30 | (0.01) | (0.01) | 9.28 |
| Q3 2016 | 339.30 | (0.02) | (0.02) | 9.26 |
| Q4 2016 | 339.30 | 0.04 | 0.04 | 9.32 |
| Q1 2017 | 339.30 | 0.04 | 0.04 | 9.30 |
| Q2 2017 | 339.30 | (0.01) | (0.01) | 9.27 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2007 | - | - | - | - |
| 2008 | - | - | - | - |
| 2009 | - | - | - | - |
| 2010 | 339.30 | (0.43) | (0.04) | 9.48 |
| 2011 | 339.30 | (0.03) | (0.03) | 9.46 |
| 2012 | 339.30 | (0.08) | (0.08) | 9.38 |
| 2013 | 339.30 | 0.00 | 0.00 | 9.38 |
| 2014 | 339.30 | (0.08) | 0.00 | 9.30 |
| 2015 | 339.30 | (0.03) | (0.03) | 9.26 |
| 2016 | 339.30 | 0.04 | 0.04 | 9.32 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| Q1 2011 | - | - | 0.79 |
| Q2 2011 | - | - | 0.85 |
| Q3 2011 | - | - | 0.80 |
| Q4 2011 | NEG | NEG | 1.16 |
| Q1 2012 | NEG | NEG | 2.01 |
| Q2 2012 | NEG | NEG | 1.59 |
| Q3 2012 | NEG | NEG | 1.52 |
| Q4 2012 | NEG | NEG | 1.34 |
| Q1 2013 | NEG | NEG | 1.55 |
| Q2 2013 | NEG | NEG | 1.51 |
| Q3 2013 | NEG | NEG | 1.59 |
| Q4 2013 | NEG | NEG | 1.89 |
| Q1 2014 | More than 50 | More than 50 | 2.26 |
| Q2 2014 | More than 50 | More than 50 | 2.17 |
| Q3 2014 | More than 50 | More than 50 | 2.54 |
| Q4 2014 | NEG | More than 50 | 1.82 |
| Q1 2015 | NEG | NEG | 2.47 |
| Q2 2015 | NEG | NEG | 2.94 |
| Q3 2015 | NEG | NEG | 1.80 |
| Q4 2015 | NEG | NEG | 1.67 |
| Q1 2016 | NEG | NEG | 1.47 |
| Q2 2016 | NEG | NEG | 1.56 |
| Q3 2016 | NEG | NEG | 1.35 |
| Q4 2016 | More than 50 | More than 50 | 1.94 |
| Q1 2017 | More than 50 | More than 50 | 1.88 |
| Q2 2017 | NEG | NEG | 1.69 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | NEG | NEG | 0.84 |
| 2011 | NEG | NEG | 1.16 |
| 2012 | NEG | NEG | 1.34 |
| 2013 | NEG | NEG | 1.89 |
| 2014 | NEG | More than 50 | 1.82 |
| 2015 | NEG | NEG | 1.67 |
| 2016 | More than 50 | More than 50 | 1.94 |
Q2 2017
2017
| Period | Real estate development | Property management & consulting services | Learning and training of operational staff | Dicontinued operation |
|---|---|---|---|---|
| Q2 2015 | - | 4.96 | 5.27 | - |
| Q3 2015 | - | 4.63 | 2.41 | - |
| Q4 2015 | - | 7.84 | 1.74 | - |
| Q1 2016 | 0.27 | 4.75 | 0.34 | - |
| Q2 2016 | 19.63 | 8.19 | 2.08 | - |
| Q3 2016 | 0.27 | 2.00 | 1.91 | - |
| Q4 2016 | 50.27 | 7.21 | 8.39 | - |
| Q1 2017 | 0.27 | 3.28 | 5.14 | - |
| Q2 2017 | 0.27 | 4.13 | 4.04 | - |
| Period | Real estate development | Property management & consulting services | Learning and training of operational staff | Dicontinued operation |
|---|---|---|---|---|
| 2015 | - | 21.02 | 9.95 | - |
| 2016 | 70.43 | 22.16 | 12.72 | - |
| Current | |
| Market Cap (M Riyal) | 4,974.14 |
| Enterprise Value (EV) (M) | 5,476.37 |
| Shares Outstanding ((M)) | 339.30 |
| EPS ( Riyal) (TTM) | (0.15) |
| Book Value (BV) ( Riyal) | 8.84 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | Neg |
| P/E (TTM) | NEG |
| Price/book | 1.66 |
| Return on Average Assets (%) (TTM) | (1.35 ) |
| Return on Average Equity (%) (TTM) | (1.66 ) |
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