.Tasnee posts higher net profit at SAR 729m in I2 of 2014

30/06/2014 Argaam Exclusive

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Share Price

National Industrialization Co. (TASNEE)

The National Industrialization Co. (Tasnee), which invests in petrochemicals and other industries, reported SAR 729m net profit at the end of the first half of 2014, an 11% increase compared to the same period last year.

Financials (M)

Item	6m 2013	6m 2014	Change‬
Revenues	9,301.10	9,501.41	2.2 %
Gross Income	2,369.18	2,661.84	12.4 %
Operating Income	1,544.19	1,735.27	12.4 %
Net Income	658.50	729.09	10.7 %
Average Shares	668.91	668.91	-
EPS (Riyals)	0.98	1.09	10.7 %

Current Quarter Comparison (M)

Compared With The

Item	Q2 2013	Q2 2014	Change‬
Revenues	4,517.23	5,086.92	12.6 %
Gross Income	994.39	1,361.88	37.0 %
Operating Income	647.56	908.93	40.4 %
Net Income	303.09	408.31	34.7 %
Average Shares	668.91	668.91	-
EPS (Riyals)	0.45	0.61	34.7 %

Item	Q1 2014	Q2 2014	Change‬
Revenues	4,414.48	5,086.92	15.2 %
Gross Income	1,299.96	1,361.88	4.8 %
Operating Income	826.35	908.93	10.0 %
Net Income	320.77	408.31	27.3 %
Average Shares	668.91	668.91	-
EPS (Riyals)	0.48	0.61	27.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2005	742.72	214.9 %	328.91	332.6 %	120.15	194.3 %	0.30
Q2 2005	656.70	206.0 %	238.60	219.9 %	89.76	(14.2 %)	0.22
Q3 2005	664.22	26.0 %	199.12	13.0 %	65.16	(34.9 %)	0.16
Q4 2005	782.64	38.9 %	287.02	40.7 %	82.08	14.4 %	0.20
2005	2,846.27	84.7 %	1,053.65	98.5 %	370.42	16.8 %	0.92
Q1 2006	654.10	(11.9 %)	196.00	(40.4 %)	92.38	(23.1 %)	0.16
Q2 2006	781.73	19.0 %	287.03	20.3 %	207.20	130.8 %	0.35
Q3 2006	881.29	32.7 %	335.53	68.5 %	184.50	183.2 %	0.31
Q4 2006	924.08	18.1 %	371.59	29.5 %	209.02	154.7 %	0.35
2006	3,241.20	13.9 %	1,190.15	13.0 %	693.10	87.1 %	1.16
Q1 2007	888.01	35.8 %	352.09	79.6 %	207.51	124.6 %	0.35
Q2 2007	971.71	24.3 %	328.81	14.6 %	156.56	(24.4 %)	0.26
Q3 2007	852.99	(3.2 %)	255.13	(24.0 %)	101.64	(44.9 %)	0.17
Q4 2007	4,513.99	388.5 %	909.36	144.7 %	195.44	(6.5 %)	0.33
2007	7,226.70	123.0 %	1,845.39	55.1 %	661.14	(4.6 %)	1.11
Q1 2008	2,413.44	171.8 %	489.03	38.9 %	148.02	(28.7 %)	0.25
Q2 2008	2,754.32	183.5 %	619.56	88.4 %	221.02	41.2 %	0.33
Q3 2008	2,787.06	226.7 %	534.65	109.6 %	149.95	47.5 %	0.22
Q4 2008	2,082.32	(53.9 %)	406.92	(55.3 %)	81.87	(58.1 %)	0.12
2008	10,037.14	38.9 %	2,050.16	11.1 %	600.85	(9.1 %)	0.90
Q1 2009	1,507.45	(37.5 %)	228.07	(53.4 %)	(25.76)	(117.4 %)	(0.04)
Q2 2009	2,288.97	(16.9 %)	386.21	(37.7 %)	91.94	(58.4 %)	0.14
Q3 2009	3,406.58	22.2 %	965.12	80.5 %	237.31	58.3 %	0.35
Q4 2009	3,659.93	75.8 %	877.11	115.5 %	216.00	163.8 %	0.32
2009	10,862.93	8.2 %	2,456.51	19.8 %	519.50	(13.5 %)	0.78
Q1 2010	3,952.91	162.2 %	1,155.81	406.8 %	332.79	1392.1 %	0.50
Q2 2010	4,154.05	81.5 %	1,233.50	219.4 %	385.38	319.1 %	0.58
Q3 2010	3,964.10	16.4 %	1,116.87	15.7 %	373.04	57.2 %	0.56
Q4 2010	3,922.19	7.2 %	1,033.37	17.8 %	381.40	76.6 %	0.57
2010	15,993.25	47.2 %	4,539.55	84.8 %	1,472.61	183.5 %	2.20
Q1 2011	4,531.54	14.6 %	1,590.02	37.6 %	580.04	74.3 %	0.87
Q2 2011	5,063.91	21.9 %	1,846.58	49.7 %	594.16	54.2 %	0.89
Q3 2011	5,317.52	34.1 %	1,970.36	76.4 %	725.01	94.4 %	1.08
Q4 2011	4,735.76	20.7 %	1,584.70	53.4 %	542.22	42.2 %	0.81
2011	19,648.74	22.9 %	6,991.66	54.0 %	2,441.42	65.8 %	3.65
Q1 2012	4,687.21	3.4 %	1,563.24	(1.7 %)	524.36	(9.6 %)	0.78
Q2 2012	4,625.09	(8.7 %)	1,528.88	(17.2 %)	580.14	(2.4 %)	0.87
Q3 2012	4,166.54	(21.6 %)	1,337.65	(32.1 %)	417.32	(42.4 %)	0.62
Q4 2012	4,443.33	(6.2 %)	1,147.82	(27.6 %)	242.03	(55.4 %)	0.36
2012	17,922.18	(8.8 %)	5,577.58	(20.2 %)	1,763.84	(27.8 %)	2.64
Q1 2013	4,783.87	2.1 %	1,374.79	(12.1 %)	355.41	(32.2 %)	0.53
Q2 2013	4,517.23	(2.3 %)	994.39	(35.0 %)	303.09	(47.8 %)	0.45
Q3 2013	4,375.55	5.0 %	1,190.09	(11.0 %)	226.37	(45.8 %)	0.34
Q4 2013	4,522.32	1.8 %	1,278.00	11.3 %	292.57	20.9 %	0.44
2013	18,198.97	1.5 %	4,837.26	(13.3 %)	1,177.44	(33.2 %)	1.76
Q1 2014	4,414.48	(7.7 %)	1,299.96	(5.4 %)	320.77	(9.7 %)	0.48
Q2 2014	5,086.92	12.6 %	1,361.88	37.0 %	408.31	34.7 %	0.61

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2004	1,541.04	70.7 %	530.82	90.6 %	317.22	133.2 %	0.79
2005	2,846.27	84.7 %	1,053.65	98.5 %	370.42	16.8 %	0.92
2006	3,241.20	13.9 %	1,190.15	13.0 %	693.10	87.1 %	1.16
2007	7,226.70	123.0 %	1,845.39	55.1 %	661.14	(4.6 %)	1.11
2008	10,037.14	38.9 %	2,050.16	11.1 %	600.85	(9.1 %)	0.90
2009	10,862.93	8.2 %	2,456.51	19.8 %	519.50	(13.5 %)	0.78
2010	15,993.25	47.2 %	4,539.55	84.8 %	1,472.61	183.5 %	2.20
2011	19,648.74	22.9 %	6,991.66	54.0 %	2,441.42	65.8 %	3.65
2012	17,922.18	(8.8 %)	5,577.58	(20.2 %)	1,763.84	(27.8 %)	2.64
2013	18,198.97	1.5 %	4,837.26	(13.3 %)	1,177.44	(33.2 %)	1.76

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	38.27 %	39.03 %	13.78 %
Q2 2005	38.06 %	38.71 %	14.04 %
Q3 2005	36.95 %	37.78 %	13.20 %
Q4 2005	37.02 %	36.22 %	12.55 %
2005	37.02 %	36.22 %	12.59 %
Q1 2006	33.39 %	32.84 %	11.94 %
Q2 2006	33.62 %	32.15 %	16.36 %
Q3 2006	35.67 %	35.08 %	19.83 %
Q4 2006	36.72 %	36.53 %	24.25 %
2006	36.72 %	36.53 %	21.38 %
Q1 2007	38.74 %	38.10 %	25.93 %
Q2 2007	37.87 %	37.95 %	22.53 %
Q3 2007	35.96 %	35.23 %	19.78 %
Q4 2007	25.54 %	21.11 %	9.15 %
2007	25.54 %	21.11 %	9.15 %
Q1 2008	22.65 %	17.84 %	6.87 %
Q2 2008	21.58 %	18.04 %	6.32 %
Q3 2008	20.47 %	16.24 %	5.73 %
Q4 2008	20.43 %	17.17 %	5.99 %
2008	20.43 %	17.17 %	5.99 %
Q1 2009	19.59 %	16.48 %	4.68 %
Q2 2009	17.95 %	14.73 %	3.44 %
Q3 2009	21.39 %	20.08 %	4.57 %
Q4 2009	22.61 %	22.53 %	5.14 %
2009	22.61 %	22.53 %	5.14 %
Q1 2010	25.43 %	25.88 %	6.97 %
Q2 2010	27.89 %	27.49 %	8.05 %
Q3 2010	27.86 %	27.94 %	8.84 %
Q4 2010	28.38 %	27.49 %	9.71 %
2010	28.38 %	27.49 %	9.71 %
Q1 2011	30.01 %	28.67 %	10.80 %
Q2 2011	31.96 %	30.27 %	11.61 %
Q3 2011	34.19 %	31.61 %	12.26 %
Q4 2011	35.58 %	34.05 %	12.59 %
2011	35.58 %	34.05 %	12.43 %
Q1 2012	35.17 %	33.69 %	12.21 %
Q2 2012	34.32 %	33.56 %	12.25 %
Q3 2012	33.02 %	32.67 %	11.34 %
Q4 2012	31.12 %	30.50 %	9.84 %
2012	31.12 %	30.50 %	9.84 %
Q1 2013	29.91 %	28.88 %	8.85 %
Q2 2013	27.10 %	26.05 %	7.36 %
Q3 2013	25.98 %	24.76 %	7.04 %
Q4 2013	26.58 %	25.13 %	7.52 %
2013	26.58 %	25.13 %	7.52 %
Q1 2014	26.71 %	25.43 %	7.49 %
Q2 2014	27.88 %	26.25 %	7.83 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2004	34.45 %	34.83 %	12.40 %
2005	37.02 %	36.22 %	12.59 %
2006	36.72 %	36.53 %	21.38 %
2007	25.54 %	21.11 %	9.15 %
2008	20.43 %	17.17 %	5.99 %
2009	22.61 %	22.53 %	5.14 %
2010	28.38 %	27.49 %	9.71 %
2011	35.58 %	34.05 %	12.43 %
2012	31.12 %	30.50 %	9.84 %
2013	26.58 %	25.13 %	7.52 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	44.29 %	44.73 %	16.18 %
Q2 2005	36.33 %	35.63 %	13.67 %
Q3 2005	29.98 %	30.33 %	9.81 %
Q4 2005	36.67 %	33.63 %	10.49 %
Q1 2006	29.97 %	31.66 %	14.12 %
Q2 2006	36.72 %	32.63 %	29.69 %
Q3 2006	38.07 %	41.09 %	23.61 %
Q4 2006	40.21 %	38.93 %	27.44 %
Q1 2007	39.65 %	39.08 %	23.37 %
Q2 2007	33.84 %	33.11 %	16.11 %
Q3 2007	29.91 %	29.61 %	11.92 %
Q4 2007	20.15 %	13.39 %	4.33 %
Q1 2008	20.26 %	15.85 %	6.13 %
Q2 2008	22.49 %	24.00 %	8.02 %
Q3 2008	19.18 %	13.50 %	5.38 %
Q4 2008	19.54 %	14.57 %	3.93 %
Q1 2009	15.13 %	10.89 %	(1.71 %)
Q2 2009	16.87 %	18.88 %	4.02 %
Q3 2009	28.33 %	28.32 %	8.11 %
Q4 2009	23.97 %	24.23 %	5.90 %
Q1 2010	29.24 %	29.36 %	8.70 %
Q2 2010	29.69 %	27.89 %	9.28 %
Q3 2010	28.17 %	29.99 %	11.25 %
Q4 2010	26.35 %	22.65 %	9.64 %
Q1 2011	35.09 %	33.45 %	12.80 %
Q2 2011	36.47 %	33.53 %	12.37 %
Q3 2011	37.05 %	34.80 %	13.63 %
Q4 2011	33.46 %	34.33 %	11.47 %
Q1 2012	33.35 %	31.95 %	11.19 %
Q2 2012	33.06 %	32.95 %	12.54 %
Q3 2012	32.10 %	31.27 %	10.02 %
Q4 2012	25.83 %	25.71 %	5.45 %
Q1 2013	28.74 %	25.83 %	7.43 %
Q2 2013	22.01 %	21.83 %	6.71 %
Q3 2013	27.20 %	25.66 %	8.56 %
Q4 2013	28.26 %	27.16 %	7.44 %
Q1 2014	29.45 %	27.12 %	7.27 %
Q2 2014	26.77 %	25.20 %	8.03 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	401.02	0.99	0.70	4.54
Q2 2005	401.02	0.95	0.87	4.76
Q3 2005	401.02	0.86	0.86	4.93
Q4 2005	401.02	0.89	0.89	5.15
Q1 2006	595.27	0.55	0.55	8.35
Q2 2006	595.27	0.75	0.79	8.70
Q3 2006	595.27	0.95	1.03	9.01
Q4 2006	595.27	1.16	1.32	9.35
Q1 2007	595.27	1.36	1.51	9.70
Q2 2007	595.28	1.27	1.39	9.57
Q3 2007	595.28	1.13	1.21	9.74
Q4 2007	595.28	1.11	1.11	9.98
Q1 2008	595.28	1.01	1.01	10.21
Q2 2008	668.91	1.00	1.00	11.98
Q3 2008	668.91	1.07	1.07	11.92
Q4 2008	668.91	0.90	0.90	10.99
Q1 2009	668.91	0.64	0.64	10.95
Q2 2009	668.91	0.45	0.45	10.84
Q3 2009	668.91	0.58	0.63	11.21
Q4 2009	668.91	0.78	0.83	11.65
Q1 2010	668.91	1.31	1.39	12.25
Q2 2010	668.91	1.75	1.83	12.40
Q3 2010	668.91	1.95	2.08	13.09
Q4 2010	668.91	2.20	2.32	13.85
Q1 2011	668.91	2.57	2.67	14.68
Q2 2011	668.91	2.88	3.04	14.90
Q3 2011	668.91	3.41	3.45	15.55
Q4 2011	668.91	3.65	3.70	16.48
Q1 2012	668.91	3.57	3.62	17.54
Q2 2012	668.91	3.55	3.55	16.88
Q3 2012	668.91	3.09	3.09	17.60
Q4 2012	668.91	2.64	2.64	18.04
Q1 2013	668.91	2.38	2.38	18.60
Q2 2013	668.91	1.97	1.97	16.69
Q3 2013	668.91	1.68	1.91	17.30
Q4 2013	668.91	1.76	2.05	17.95
Q1 2014	668.91	1.71	2.00	18.61
Q2 2014	668.91	1.87	2.15	17.86

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2004	401.02	0.79	0.48	4.53
2005	401.02	0.92	0.89	5.15
2006	595.27	1.16	1.16	9.35
2007	595.28	1.11	1.11	9.98
2008	668.91	0.90	0.90	10.99
2009	668.91	0.78	0.83	11.65
2010	668.91	2.20	2.32	13.85
2011	668.91	3.65	3.65	16.48
2012	668.91	2.64	2.64	18.04
2013	668.91	1.76	2.05	17.95

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	45.66	More than 50	9.95
Q2 2005	More than 50	More than 50	17.09
Q3 2005	More than 50	More than 50	21.16
Q4 2005	More than 50	More than 50	22.99
Q1 2006	More than 50	More than 50	6.05
Q2 2006	More than 50	More than 50	5.06
Q3 2006	37.12	34.19	3.92
Q4 2006	18.99	16.75	2.36
Q1 2007	16.53	14.82	2.31
Q2 2007	16.08	14.75	2.14
Q3 2007	18.79	17.62	2.19
Q4 2007	29.73	29.73	3.31
Q1 2008	31.03	31.03	3.07
Q2 2008	26.80	26.80	2.23
Q3 2008	20.38	20.38	1.83
Q4 2008	10.00	10.00	0.82
Q1 2009	14.46	14.46	0.84
Q2 2009	29.52	29.52	1.21
Q3 2009	26.37	23.95	1.36
Q4 2009	24.93	23.19	1.66
Q1 2010	16.16	15.29	1.73
Q2 2010	10.26	9.83	1.45
Q3 2010	11.75	11.04	1.75
Q4 2010	12.21	11.58	1.94
Q1 2011	10.90	10.48	1.91
Q2 2011	12.57	11.94	2.43
Q3 2011	9.63	9.51	2.11
Q4 2011	9.29	9.17	2.06
Q1 2012	11.33	11.18	2.30
Q2 2012	8.74	8.74	1.84
Q3 2012	9.88	9.88	1.73
Q4 2012	10.50	10.50	1.54
Q1 2013	12.88	12.88	1.65
Q2 2013	13.30	13.30	1.57
Q3 2013	16.09	14.22	1.57
Q4 2013	19.03	16.36	1.87
Q1 2014	19.67	16.84	1.81
Q2 2014	17.67	15.32	1.85

Period	P/E	Adjusted P/E	Price/book
2004	37.18	More than 50	6.50
2005	More than 50	More than 50	22.99
2006	18.99	18.99	2.36
2007	29.73	29.73	3.31
2008	10.00	10.00	0.82
2009	24.93	23.19	1.66
2010	12.21	11.58	1.94
2011	9.29	9.29	2.06
2012	10.50	10.50	1.54
2013	19.03	16.36	1.87

Business Segments (Million)

Compared With The

Period	Petrochemical sector	Industrial development	Headquarters & Others	Consolidation adjustments & eliminations
Q1 2005	471.05	251.46	20.21	-
Q2 2005	360.30	272.86	23.53	-
Q3 2005	370.07	268.95	25.20	-
Q4 2005	503.57	251.93	27.15	-
Q1 2006	488.06	288.23	29.43	(151.62)
Q2 2006	645.64	273.77	29.04	(166.72)
Q3 2006	737.27	287.50	37.79	(181.28)
Q4 2006	724.54	337.66	37.82	(175.95)
Q1 2007	711.49	335.63	39.12	(198.23)
Q2 2007	788.60	352.71	43.22	(212.83)
Q3 2007	590.72	440.28	54.46	(232.46)
Q4 2007	830.81	3,871.19	63.20	(251.21)
Q1 2008	773.08	1,824.55	59.66	(243.85)
Q2 2008	1,062.26	1,999.53	60.41	(367.88)
Q3 2008	963.77	2,029.86	70.97	(277.53)
Q4 2008	504.62	1,725.08	64.58	(211.95)
Q1 2009	253.72	1,368.12	58.88	(173.28)
Q2 2009	735.53	1,778.76	69.14	(294.46)
Q3 2009	1,835.56	1,939.81	54.11	(422.90)
Q4 2009	2,030.32	1,896.18	64.13	(330.70)
Q1 2010	2,634.97	1,869.37	55.75	(607.17)
Q2 2010	2,769.42	1,907.61	70.78	(593.76)
Q3 2010	2,253.50	2,161.37	78.28	(529.05)
Q4 2010	2,203.89	2,197.11	94.56	(573.36)
Q1 2011	2,664.49	2,408.62	84.28	(625.84)
Q2 2011	3,058.56	2,562.09	83.66	(640.40)
Q3 2011	3,114.91	2,949.41	92.74	(839.54)
Q4 2011	2,987.41	2,447.79	92.19	(791.63)
Q1 2012	3,102.90	2,243.51	85.01	(744.21)
Q2 2012	2,754.58	2,397.04	90.96	(617.49)
Q3 2012	2,514.89	2,216.43	90.44	(655.22)
Q4 2012	2,958.86	2,076.20	92.00	(683.73)
Q1 2013	3,172.73	2,333.52	84.70	(807.08)
Q2 2013	2,656.83	2,486.25	86.65	(712.50)
Q3 2013	2,708.39	2,303.50	102.32	(738.65)
Q4 2013	3,322.96	2,031.06	108.34	(940.04)
Q1 2014	3,334.57	2,192.15	93.31	(1205.54)
Q2 2014	3,712.69	2,375.16	102.48	(1103.40)

Period	Petrochemical sector	Industrial development	Headquarters & Others	Consolidation adjustments & eliminations
2004	260.58	668.44	48.44	-
2005	1,704.99	1,045.19	96.09	-
2006	2,595.51	1,187.16	134.08	(675.55)
2007	2,921.62	4,999.81	200.01	(894.73)
2008	3,303.72	7,579.02	255.61	(1101.21)
2009	4,855.13	6,982.87	246.26	(1221.34)
2010	9,861.78	8,135.45	299.36	(2303.35)
2011	11,825.37	10,367.92	352.87	(2897.41)
2012	11,331.24	8,933.19	358.41	(2700.65)
2013	11,860.90	9,154.32	382.01	(3198.27)

Financial Ratios

	Current
Market Cap (M Riyal)	8,227.64
Enterprise Value (EV) (M)	13,176.40
Shares Outstanding ((M))	668.91
EPS ( Riyal) (TTM)	0.03
Book Value (BV) ( Riyal)	14.25
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	35.69
P/E (TTM)	More than 50
Price/book	0.86
Return on Average Assets (%) (TTM)	0.1
Return on Average Equity (%) (TTM)	0.2

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.Tasnee posts higher net profit at SAR 729m in I2 of 2014

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National Industrialization Co. (TASNEE)

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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) 2014 Q2

Financial Ratios

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.Tasnee posts higher net profit at SAR 729m in I2 of 2014

View other reports

Share Price

National Industrialization Co. (TASNEE)

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 2014

Revenue by Business Segment (Latest) 2014 Q2

Financial Ratios

Comments {{getCommentCount()}}

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

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Business Segments (Million)