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National Corporation for Tourism & Hotels (NCTH) 2008 Q2 financial report
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2008 Q2 result list | NCTH 2008 Q2 results - forum topic | National Corporation for Tourism & Hotels - details & pdf financial statements
| Display results in: | ||||
| NCTH (listed on ADSM) | Auditor: Ernst & Young | ||||
|---|---|---|---|---|---|
| NCTH accounts in UAE dirhams | |||||
| Date of results and share price | AED 13.55 on 28 Jul 2008 | ||||
| Current share price | AED 5.67 on 15 Apr 2009 | ||||
| Chairman | |||||
| CEO | |||||
| Balance Sheet (AED) | 31 Dec 2007 | 30 Jun 2008 | %Δ | ? | notes |
| Total Assets | 1,333,619,472 | 1,438,120,387 | 8% | ||
| Total Liabilities | (584,063,059) | (623,192,726) | 7% | ||
| Shareholders Equity | 749,556,413 | 814,927,661 | 9% | ||
| Income Statement (AED) | 2007 Q2 | 2008 Q2 | |||
| Revenue (Sales) | 59,142,629 | 121,782,007 | 106% |  |
|
| Cost of Revenues (COGS) | (37,688,390) | (56,940,473) | 51% | |
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| Gross Profit | 21,454,239 | 64,841,534 | 202% | |
|
| Other Income | 7,542,951 | 10,081,099 | 34% | ||
| Other Expenses | (23,384,843) | (37,973,123) | 62% | ||
| Net Profit | 5,612,347 | 36,949,510 | 558% | |
|
| Minority Interests | 0 | 0 | |||
| Net Profit due to shareholders | 5,612,347 | 36,949,510 | 558% | |
|
| Earnings Per Share stated (annualized) | 0.06 (0.24) | 0.37 (1.48) | 517% | ||
| Ratio Calculations | As on 28 Jul 2008 | ||||
| Number of shares outstanding | 100,000,000 | ||||
| EPS calculated (annualized) | 0.06 (0.22) | 0.37 (1.48) | 558% | 2007 Q2 EPS restated | |
| Price to Earnings ratio (PE)* | 60.4 | 9.2 | Calculated EPS used | ||
| Price to Book Value (PBV) | 1.8 | 1.7 | -8% | ||
| Return on Assets (ROA)* | 1.7% | 10.3% | 511% | |
|
| Return on Equity (ROE)* | 3.0% | 18.1% | 506% | ||
| Return on Sales (ROS) or Profit Margin | 9.5% | 30.3% | 220% | |
|
| *Based on annualized profits | |||||
Comments about National Corporation for Tourism & Hotels Q2 2008 results | |||||
28 July 2008 (pm): Revenue doubled resulting in Gross Profit tripling as costs only increased by half. With other increases in expenses kept under control, NCTH saw a massive increase in Profit from operations filtering down to an eight-fold increase in Net Profit. The BOD report supplied says very little, except that revenue increased from "hotels generating better occupancy and revenues." Have your say in the NCTH 2008 Q2 results forum topic, includes directors reports and news, if available. |
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Company information last updated 24 Jun 2008. E & OE.