Aabar Investments PJSC (AABAR) 2008 Q4 financial report

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2008 Q4 result list | AABAR 2008 Q4 results - forum topic | Aabar Investments PJSC - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
AABAR (listed on ADSM)   Auditor:   Ernst & Young
AABAR accounts in UAE dirhams    
Date of results and share price AED 1.48 on 28 Jan 2009    
Current share price AED 1.96 on 15 Apr 2009    
Chairman Khadem Abdulla Al Qubaisi
CEO Khadem Abdulla Al Qubaisi (MD)
Balance Sheet (AED) 31 Dec 2007 31 Dec 2008   %Δ   ? notes
Total Assets 5,083,029,000 3,387,502,000 -33%
Total Liabilities (3,261,861,000) (1,081,130,000) -67% Includes minority interests
Shareholders Equity 1,821,168,000 2,306,372,000 27% Excludes minority interests
Income Statement (AED) 2007 Q4  2008 Q4       
Revenue (Sales)       See comments
Cost of Revenues (COGS)     See comments
Gross Profit       See comments
Other Income          
Other Expenses          
Net Profit 276,968,000 115,246,000 -58%  
Minority Interests (31,463,000) 0      
Net Profit due to shareholders 245,505,000 115,246,000 -53%
Earnings Per Share stated (annualized)    
Ratio Calculations As on 28 Jan 2009      
Number of shares outstanding   900,000,000    
EPS calculated (annualized) 0.27 (1.09) 0.13 (0.51) -53%  
Price to Earnings ratio (PE)* 1.4 2.9   Calculated EPS used
Price to Book Value (PBV) 0.7 0.6 -21%  
Return on Assets (ROA)* 19.3% 13.6% -30%
Return on Equity (ROE)* 53.9% 20.0% -63%
Return on Sales (ROS) or Profit Margin  
*Based on annualized profits          
Comments about Aabar Investments PJSC Q4 2008 results

18 February 2009 (am): Aabar financial statements released (without Q4 information). We have removed the figures for Revenue, Gross Profit, etc as during 2007 and 2008 Aabar divested itself of ongoing operations and is now an investment firm. That means that it's difficult to find consistent figures from FY and M9 data to calculate Q4 data.

29 January 2009 (am): Q4 figures not supplied by Aabar so have been calculated from FY and M9 data but treat as unconfirmed, and with caution. Accounts from Aabar recently checked have revealed a number of figures that appear to be restated, more than once. Some figures from 2008 FY preliminary results for 2007 FY don't match figures supplied in Aabar audited financial statements for 2007 FY. Revenues (Turnover) restated as AED 1,600,378,000 from 2,152,937,000. Reason for restatement is not obvious so have used original audited figure for the time being to calculate 07Q4 figure.

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This page last updated 20-Jan-2009. Company information last updated 25 Sep 2008. E & OE.