Is it poised to bottm out?
D&SI’s Q3 2016 revenues recorded a c100% yoy growth rate to AED869m (vs. AED434m in Q3-2015). Revenues also went up by around 8% qoq. The company has also improved its Q3-2016 gross margin even though it is still negative (-1.1% vs. -2.5% in Q2). On a cumulative term, the 9M profit is positive amounting to AED44m vs. AED-480m for the same period last year.The same story goes to EBITDA, negative, but better than Q3-15 and 9M-2016. As computed by AlphaMena, D&SI’s EBITDA is around AED-42m for Q3-2016 and AED-150m for 9M-2016 vs. AED-699m and AED-561m for Q3-2015 and 9M-2015, respectively.
On the bottom line side, the Company posted a net loss of AED81m compared to a net loss of AED985m for the same period last year. On a cumulative term, D&SI also did better than last year recording a net loss of AED289m in 9M-2016 vs. AED-945m last year.
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.