Emaar Properties PJSC (EMAAR) 2008 Q4 financial report

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2008 Q4 result list | EMAAR 2008 Q4 results - forum topic | Emaar Properties 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
EMAAR (listed on DFM)   Auditor:   Ernst & Young
EMAAR accounts in UAE dirhams    
Date of results and share price AED 2.00 on 12 Feb 2009    
Current share price AED 2.48 on 15 Apr 2009    
Chairman Mohammed Alabbar
CEO
Balance Sheet (AED) 31 Dec 2007 31 Dec 2008   %Δ   ? notes
Total Assets 54,790,875,000 60,690,798,000 11%
Total Liabilities (18,254,835,000) (24,690,045,000) 35% Includes minority interests
Shareholders Equity 36,536,040,000 36,000,753,000 -1% Excludes minority interests
Income Statement (AED) 2007 Q4  2008 Q4       
Revenue (Sales) 5,028,711,000 3,495,080,000 -30% 07FY restated
Cost of Revenues (COGS) (3,218,066,000) (3,138,612,000) -2% 07FY restated
Gross Profit 1,810,645,000 356,468,000 -80% 07FY restated
Other Income 727,029,000 156,917,000 -78%    
Other Expenses (817,170,000) (2,269,198,000) 178%    
Net Profit 1,720,504,000 -1,755,813,000 -202%  
Minority Interests 15,853,000 (11,687,000) -174%    
Net Profit due to shareholders 1,736,357,000 -1,767,500,000 -202%
Earnings Per Share stated (annualized)    
Ratio Calculations As on 12 Feb 2009      
Number of shares outstanding   6,096,328,000    
EPS calculated (annualized) 0.28 (1.14) -0.29 (-1.16) -202%  
Price to Earnings ratio (PE)* 1.8  
Price to Book Value (PBV) 0.3 0.3 1%  
Return on Assets (ROA)* 12.7% -11.6% -192%
Return on Equity (ROE)* 19.0% -19.6% -203%
Return on Sales (ROS) or Profit Margin 34.5% -50.6% -246%
*Based on annualized profits          
Comments about Emaar Properties PJSC Q4 2008 results

01 March 2009: Complete financial statements released. CEO name and Q4 data not supplied so summary figures calculated from FY and Q3 data. Other Income calculation in particular may be incorrect due to restatement of 2007 FY figures. See Emaar 2008 FY results for more comments.

Impairment of Goodwill AED 2.5 bn loss included in Q4 Income Statement.
Shareholders Equity decreased from AED 38.6 bn end of Q3 2008.

12 February 2009 (pm): Limited data from preliminary results statement. Balance Sheet not supplied so Q3 figures used for ROE, ROA and PBV calculations. CEO name not supplied (previous information was V K Gomber). Auditor's name not supplied but assumed to be the same as for the previous period. Figures restated due to reclassification of income from the Hospitality and Business segment as core revenue.

Have your say in the EMAAR 2008 Q4 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 01 Aug 2008. E & OE.