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Arkan Building Materials (ARKAN) 2008 Q4 financial report
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2008 Q4 result list | ARKAN 2008 Q4 results - forum topic | Arkan Building Materials - details & pdf financial statements
| Display results in: | ||||
| ARKAN (listed on ADSM) | Auditor: KPMG | ||||
|---|---|---|---|---|---|
| ARKAN accounts in UAE dirhams | |||||
| Date of results and share price | AED 7.72 on 01 Mar 2009 | ||||
| Current share price | AED 4.13 on 15 Apr 2009 | ||||
| Chairman | Salem Bin Mohammed Al Dhaheri | ||||
| CEO | |||||
| Balance Sheet (AED) | 31 Dec 2007 | 31 Dec 2008 | %Δ | ? | notes |
| Total Assets | 2,156,655,000 | 2,558,921,000 | 19% | ||
| Total Liabilities | (76,267,000) | (943,447,000) | 1,137% | ||
| Shareholders Equity | 2,080,388,000 | 1,615,474,000 | -22% |  |
|
| Income Statement (AED) | 2007 Q4 | 2008 Q4 | |||
| Revenue (Sales) | 93,868,000 | 104,349,000 | 11% | ||
| Cost of Revenues (COGS) | (40,434,000) | (42,317,000) | 5% |  |
|
| Gross Profit | 53,434,000 | 62,032,000 | 16% | ||
| Other Income | 30,650,000 | 12,883,000 | -58% | ||
| Other Expenses | (25,080,000) | (525,420,000) | 1,995% | ||
| Net Profit | 59,004,000 | -450,505,000 | -864% | |
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| Minority Interests | 0 | 0 | |||
| Net Profit due to shareholders | 59,004,000 | -450,505,000 | -864% | |
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| Earnings Per Share stated (annualized) | |||||
| Ratio Calculations | As on 01 Mar 2009 | ||||
| Number of shares outstanding | 1,750,000,000 | ||||
| EPS calculated (annualized) | 0.03 (0.13) | -0.26 (-1.03) | -864% | ||
| Price to Earnings ratio (PE)* | 57.2 | ||||
| Price to Book Value (PBV) | 6.5 | 8.4 | 29% | |
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| Return on Assets (ROA)* | 10.9% | -70.4% | -743% | |
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| Return on Equity (ROE)* | 11.3% | -111.5% | -1,083% | |
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| Return on Sales (ROS) or Profit Margin | 62.9% | -431.7% | -787% | |
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| *Based on annualized profits | |||||
Comments about Arkan Building Materials Q4 2008 results | |||||
01 March 2009 (am): Data for 4Q not supplied so summary figures calculated from FY and 9M data, and are not confirmed. Director's Report included with financial statements, attributes major losses in the fourth quarter to poor stock portfolio performance, decreases in building material prices, and devaluation of steel rebar inventory. Losses resulted in decrease in Shareholder's Equity to AED 1.615 billion which is less than Share Capital. Massive increase in Total Liabilities due to Short Term Loans of AED 324m (nil at end 2007), massive increase in Payables from AED 75m to AED 508m, and Long Term Loan of AED 110m (nil at end of 2007). Financial statements signed off on 25 February 2009 but not released to the market until 01 March 2009. CEO name not supplied but according to previous information, Acting CEO was Eng. Mohsen Hamad Al Marri. Have your say in the ARKAN 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.