Sorouh Real Estate (SOROUH) 2006 Q2 financial report

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2006 Q2 result list | SOROUH 2006 Q2 results - forum topic | Sorouh Real Estate - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
SOROUH (listed on ADSM)   Auditor:   Deloitte and Touche
SOROUH accounts in UAE dirhams    
Date of results and share price AED 3.40 on 01 Sep 2006    
Current share price AED 2.83 on 15 Apr 2009    
Chairman Saeed Eid Al Ghafli
CEO Mr Munir Haider (Manager)
Balance Sheet (AED) 31 Dec 2005 30 Jun 2006   %Δ   ? notes
Total Assets   3,423,780,000  
Total Liabilities   (605,552,000)
Shareholders Equity   2,818,228,000   Retained earnings fell from Q1
Income Statement (AED) 2005 Q2  2006 Q2       
Revenue (Sales)   131,594,000  
Cost of Revenues (COGS)   (111,668,000)
Gross Profit   19,926,000  
Other Income   21,381,000      
Other Expenses   (81,318,000)      
Net Profit   -40,011,000      
Minority Interests   0      
Net Profit due to shareholders   -40,011,000  
Earnings Per Share stated (annualized) -0.02 (-0.08)    
Ratio Calculations As on 01 Sep 2006      
Number of shares outstanding   2,500,000,000    
EPS calculated (annualized) -0.02 (-0.06)    
Price to Earnings ratio (PE)*  
Price to Book Value (PBV)   3.0    
Return on Assets (ROA)* -4.7%  
Return on Equity (ROE)* -5.7%  
Return on Sales (ROS) or Profit Margin -30.4%  
*Based on annualized profits          
Comments about Sorouh Real Estate Q2 2006 results

Delay in issuing results due to problems between Sorouh and original auditor (PriceWaterhouseCoopers) who were fired after Sorouh wasn't happy with the accounts they prepared, and replaced by Deloitte & Touche (further details in forum). Date of results release is an estimate only.

Accounts for previous period

Inception date of Sorouh was 26 July 2005. Comparison figures were provided by them for the period from inception to 30 June 2006 which is not particularly useful.

Income Statement Calculations

  • Other Income = Gain in Investment Property Value + Gain in Financial Asset Value + Net Interest Income + Dividend Income + Other Income
  • 2006Q2 = 0 + 0 + 21255000 + 126000 + 0 = 21381000 dhs

Have your say in the SOROUH 2006 Q2 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 Oct 2008. E & OE.