Sorouh Real Estate (SOROUH) 2008 Q3 financial report

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2008 Q3 result list | SOROUH 2008 Q3 results - forum topic | Sorouh Real Estate - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
SOROUH (listed on ADSM)   Auditor:   Deloitte and Touche
SOROUH accounts in UAE dirhams    
Date of results and share price AED 5.26 on 22 Oct 2008    
Current share price AED 2.83 on 15 Apr 2009    
Chairman Saeed Eid Al Ghafli
CEO Mounir Haider
Balance Sheet (AED) 31 Dec 2007 30 Sep 2008   %Δ   ? notes
Total Assets 7,220,667,000 16,753,974,000 132%
Total Liabilities (2,757,671,000) (10,846,120,000) 293% Includes minority interests
Shareholders Equity 4,462,996,000 5,907,854,000 32% Excludes minority interests
Income Statement (AED) 2007 Q3  2008 Q3       
Revenue (Sales) 405,112,000 1,497,308,000 270%
Cost of Revenues (COGS) (136,694,000) (598,939,000) 338%
Gross Profit 268,418,000 898,369,000 235%
Other Income 18,376,000 53,161,000 189%    
Other Expenses (69,884,000) (191,245,000) 174%    
Net Profit 216,910,000 760,285,000 251%  
Minority Interests 0 4,911,000      
Net Profit due to shareholders 216,910,000 765,196,000 253%
Earnings Per Share stated (annualized) 0.09 (0.36) 0.31 (1.24) 244%  
Ratio Calculations As on 22 Oct 2008      
Number of shares outstanding   2,500,000,000    
EPS calculated (annualized) 0.09 (0.35) 0.31 (1.22) 253%  
Price to Earnings ratio (PE)* 15.2 4.3   Calculated EPS used
Price to Book Value (PBV) 2.9 2.2 -24%  
Return on Assets (ROA)* 12.0% 18.3% 52%
Return on Equity (ROE)* 19.4% 51.8% 166%
Return on Sales (ROS) or Profit Margin 53.5% 51.1% -5%
*Based on annualized profits          
Comments about Sorouh Real Estate Q3 2008 results

30 October 2008 (pm): Sorouh financial statements released, one minor change made: Revenue for 2008 3Q was AED 1,497,309,000 in preliminary statements (or it was misread).

22 October 2008 (am): BOD report included with financial statements, is better reading than the press release. Chairman's name not supplied. Legibility of supplied statements is poor so treat above figures as unconfirmed.

Have your say in the SOROUH 2008 Q3 results forum topic, includes directors reports and news, if available.

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This page last updated 20-Jan-2009. Company information last updated 22 Oct 2008. E & OE.