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1 director bought
A director at Dar Al-Dawa Development & Investment Co. Ltd bought 97,106 shares at 0.000JOD and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors o...
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...
- Ghada JENDOUBI
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 ...
Poor performance, disastrous results
DADI closed 2015 with a decrease of -9.9% in FY2016 consolidated sales which totaled to JOD62.14m. The operating profit witnessed a decline of -5.05% to JOD9.34m, setting the operating margin at 15% (up from 14.3% in 2014). The net income also dropped by -30.3% to JOD4.2m, bringing down the net margin to 6.76% (vs. 8.73% as of 2014).
The downfall continues with Q3 figures
Q3 sales decreased by 7.3%, yoy, from JOD12M to JOD11.1M. The revenues till September 2015 amounted to JOD41.9M compared to JOD47.5M a year later. The quarter’s net profit increased from a loss of JOD1.2M to a profit of JOD0.5M, thanks to a provision reduction of JOD0.6M and a drop of finance charges (-36.4%). The nine months’ net profit dwindled from JOD2.9M, in 2014, to JOD1.3M in 2015.
H1 figures pulled down by GCC
The 1st half 2015 wasn’t glorious for Dadi, with a 13.4% decline on revenues to JOD30.7M. The activity in Biled Al Sham & Iraq is growing well despite the turmoil in the region. In fact, the company's sales grew from JOD14.7M, in H1 2014, to JOD15.5M in H1 2015. GCC sales dropped by 42.4% to JOD6.6M. In Africa, a slight slowdown of 6.6% was reported. The net profit has deteriorated due to a sales decrease, and significant forex losses in Q1 2015.
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