Is it poised to bottom 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.
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