Gulf Finance House (GFH) 2008 Q3 financial report

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2008 Q3 result list | GFH 2008 Q3 results - forum topic | Gulf Finance House - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
GFH (listed on DFM)   Auditor:   KPMG
Original statements supplied in US dollars Exchange rate USD 1 = AED 3.67 or AED 1 = USD 0.27
Date of results and share price AED 8.33 on 26 Oct 2008    
Current share price AED 11.30 on 15 Apr 2009    
Chairman Dr Essam Yousif A Janahi
CEO
Balance Sheet (AED) 31 Dec 2007 30 Sep 2008   %Δ   ? notes
Total Assets 8,246,131,091 12,797,859,611 55%
Total Liabilities (5,015,712,899) (9,232,919,271) 84%
Shareholders Equity 3,230,418,192 3,564,940,340 10%
Income Statement (AED) 2007 Q3  2008 Q3       
Revenue (Sales) 352,956,935 380,849,697 8% See comments
Cost of Revenues (COGS) (215,164,340) (293,520,449) 36% See comments
Gross Profit 137,792,595 87,329,248 -37% See comments
Other Income 214,822,751 239,317,988 11%    
Other Expenses (27,389,561) (25,042,514) -9%    
Net Profit 325,225,785 301,604,722 -7%  
Minority Interests (11,735,235) 0      
Net Profit due to shareholders 313,490,550 301,604,722 -4%
Earnings Per Share stated (annualized) 0.39 (1.58) 0.38 (1.53) -3%  
Ratio Calculations As on 26 Oct 2008      
Number of shares outstanding   796,403,030    
EPS calculated (annualized) 0.39 (1.57) 0.38 (1.51) -4%  
Price to Earnings ratio (PE)* 5.3 5.5   Calculated EPS used
Price to Book Value (PBV) 2.1 1.9 -9%  
Return on Assets (ROA)* 15.2% 9.4% -38%
Return on Equity (ROE)* 38.8% 33.8% -13%
Return on Sales (ROS) or Profit Margin 88.8% 79.2% -11%
*Based on annualized profits          
Comments about Gulf Finance House Q3 2008 results

26 October 2008 (am): CEO name not supplied. Legibility of Financial Statements supplied was poor so treat figures in this summary as unconfirmed. Revenue is total of (anything else is classified as Other Income):

- Income from Investment Banking Services
- Fees Income
- Income from Placements
- Islamic Financing Income

Gross Profit has been calculated as Revenue less Total Expenses except for Other Expenses.

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