Arabtec Holding PJSC (ARTC) 2007 Q3 financial report

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2007 Q3 result list | ARTC 2007 Q3 results - forum topic | Arabtec Holding 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
ARTC (listed on DFM)   Auditor:   
ARTC accounts in UAE dirhams    
Date of results and share price AED 8.83 on 29 Oct 2007    
Current share price AED 2.20 on 15 Apr 2009    
Chairman Sheikh Butti Bin Maktoom Bin Juma Al Maktoum
CEO Mr Riad Burhan Kamal
Balance Sheet (AED) 31 Dec 2006 30 Sep 2007   %Δ   ? notes
Total Assets 2,335,068,789 3,441,554,519 47%
Total Liabilities (1,551,396,644) (2,385,175,983) 54%
Shareholders Equity 783,672,145 1,056,378,536 35%
Income Statement (AED) 2006 Q3  2007 Q3       
Revenue (Sales) 648,380,503 1,106,619,530 71%
Cost of Revenues (COGS) (569,603,334) (892,605,653) 57%
Gross Profit 78,777,169 214,013,877 172%
Other Income 10,312,432 40,722,089 295%    
Other Expenses (43,193,109) (74,128,399) 72%    
Net Profit 45,896,492 180,607,567 294%  
Minority Interests (225,176) (10,757,144) 4,677%    
Net Profit due to shareholders 45,671,316 169,850,423 272%
Earnings Per Share stated (annualized) 0.08 (0.32) 0.28 (1.12) 250%  
Ratio Calculations As on 29 Oct 2007      
Number of shares outstanding   598,000,000     Bonus shares 15%
EPS calculated (annualized) 0.08 (0.31) 0.28 (1.14) 272%  
Price to Earnings ratio (PE)* 28.9 7.8   Calculated EPS used
Price to Book Value (PBV) 6.7 5.0 -26%  
Return on Assets (ROA)* 7.8% 19.7% 152%
Return on Equity (ROE)* 23.3% 64.3% 176%
Return on Sales (ROS) or Profit Margin 7.0% 15.3% 118%
*Based on annualized profits          
Comments about Arabtec Holding PJSC Q3 2007 results

Spectacular growth in net profit for Arabtec this quarter, and well in excess of forecasts. Revenue was up by 71% while costs were up by a lesser degree so net profit was up by almost 4 times, suddenly making the shares look much cheaper than they were, based on PE. Number of shares increased from 520,000,000 to 598,000,000.

Have your say in the ARTC 2007 Q3 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 22 Jan 2009. E & OE.