reports
- Meriem KADDOUR
In full shambles
Sharply lower top-line growth in Q4 2016: The revenues reached SAR567m vs. SAR1.81bn, yoy. The gross income went sharply down to SAR146.94m vs. SAR555.34m, a year ago. Therefore, the gross margin sustained at 25.21% vs. 51.37%, a year earlier. On the other hand, Q4 2016 Net profit increased smoothly to SAR40.21m. At the end of 2016, a decreasing trend from top to bottom: The revenues curtailed by 17.1% to SAR2.894bn vs.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Meriem KADDOUR
Mixes figures + low visibility in the short term, what’s the story?
By the end of September 2016, revenues dropped by 3.49% to SAR2.327bn vs. SAR2.411bn, a year ago. Thanks to a decrease in the operating costs (-10.99%), the EBITDA increased by 4.83% to SAR1.199bn. Therefore, the EBITDA margin went up to 51.53% vs. 47.45%, a year earlier. Because of an exceptional loss of SAR-233m following the Accor hotels transaction, 9m 2016 net profit amounted to SAR469.668m vs. SAR669.232m by the end of September 2015. By Segment, the Hotels segment witnessed a revenue in...
- Meriem KADDOUR
Disappointing results
By the end of June 2016, revenues dropped by 11.38% to SAR1.369bn vs. SAR1.545bn, a year ago. Although a decrease in the operating costs (-9.9%), the EBITDA accused a decrease of 14.15% to SAR610.250m. Therefore, the EBITDA margin went down to 44.55% vs. 45.99%, a year earlier. The operating income also slumped by 13.65% to reach SAR521.493m vs. SAR603.907m, a year ago. Following the same downward trend, H1 2016 net profit amounted to SAR289.792m vs.
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