Shuaa Capital PJSC (SHUAA) 2008 Q4 financial report

2008 Q4 result list | SHUAA 2008 Q4 results - forum topic | Shuaa Capital PJSC - details & pdf financial statements

SHUAA (listed on DFM)	Auditor: Ernst & Young
SHUAA accounts in UAE dirhams
Date of results and share price	AED 1.02 on 15 Feb 2009
Current share price	AED 1.08 on 15 Apr 2009
Chairman	Majid Saif Al Ghurair
CEO	Iyad Duwaji
Balance Sheet (AED)	31 Dec 2007	31 Dec 2008	%Δ	?	notes
Total Assets	6,120,328,000	5,848,999,000	-4%		See comments
Total Liabilities	(2,303,488,000)	(3,578,999,000)	55%		See comments
Shareholders Equity	3,816,840,000	2,270,000,000	-41%		See comments
Income Statement (AED)	2007 Q4	2008 Q4
Revenue (Sales)
Cost of Revenues (COGS)
Gross Profit
Other Income
Other Expenses
Net Profit
Minority Interests
Net Profit due to shareholders	213,024,000	-636,252,000	-399%		See comments
Earnings Per Share stated (annualized)
Ratio Calculations	As on 15 Feb 2009
Number of shares outstanding		550,000,000
EPS calculated (annualized)	0.39 (1.55)	-1.16 (-4.63)	-399%
Price to Earnings ratio (PE)*	0.7
Price to Book Value (PBV)	0.1	0.2	68%
Return on Assets (ROA)*	13.9%	-43.5%	-413%
Return on Equity (ROE)*	22.3%	-112.1%	-602%
Return on Sales (ROS) or Profit Margin
*Based on annualized profits
Comments about Shuaa Capital PJSC Q4 2008 results
15 February 2009 (pm): Shuaa have changed their financial reporting year from April to March, to January to December so these figures are for 2008FY. Limited information supplied in Shuaa press release and Q4 figures for 2007 and 2008 not obvious or not supplied. We have attempted to calculate them from previous financial data but they are not confirmed. Normally we'd use Balance Sheet information from the period before to calculate ROE, ROA, and PBV but there's a comment in the press release about Assets under Management that is unnerving. It was AED 6.6 billion in early 2008 but AED 1.74 billion by the end of December 2008. That's not the same thing as Total Assets but until Shuaa supply more complete information, treat derived ratios with caution. Auditor's name not supplied but assumed to be the same as for previous results. Have your say in the SHUAA 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 24 Jun 2008. E & OE.

Shuaa Capital PJSC (SHUAA) 2008 Q4 financial report

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