Top-line growth above expectations
During Q3 2016, Dadi recorded a revenue increase of 28.3% to JOD14.3m, up from JOD11.1m in Q3 2015. The group posted a net profit of JOD0.5m, down 6.6% compared to the same quarter last year.Dadi’s 9M 2016 sales amounted to JOD41.85m vs. JOD40.89m a year earlier, i.e. -2.3% yoy. The gross margin was down by 9.7% to JOD18.74m, bringing down the gross margin rate to 45.8% (-380 basis points compared to 9M 2015). The operating profit fell significantly to reach JOD2.96m vs. JOD5.45m in the same period last year. The net profit was established at JOD1,84m, i.e. +27.9% yoy.
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.