Pressure on margins and profit
At end June 2016, Al Othaim’s revenues jumped by 16.8% yoy to SAR3.660bn. The gross margin improved to 16.8% from 14.7% in year ago period. The EBIT increased by 10.2% to SAR101.647m with an almost stable EBIT margin at 2.8%. However, the net income declined by 6.9% yoy to SAR97.308mn due to higher employee expenses (including promotions), and also due to higher transportation and electricity costs. Thus, the net margin losses 70 bps to 2.6%.Abdullah Al Othaim Markets CompanySJSC Formerly known as Abdullah Al-Othaim Markets Company. Abdullah Al-Othaim Markets Company SJSC is a Saudi Arabia-based joint stock company engaged in the retail and wholesale trade of food stuff, in addition to constructing commercial malls and investing in their sales or leases. The Company undertakes wholesale trading in food supplies, fish, meat, cars and its spare parts, agricultural crops and livestock, and household equipment; constructing, managing, operating and maintaining of super markets, malls, and storage and cooling warehouses; cooked and non-cooked catering services; computer services, and operating and maintaining electrical and mechanical equipment. During the year 2011, the Company operated seven hypermarkets, 65 supermarkets, eight wholesale outlets and 26 corners.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.