Abu Dhabi Islamic Bank (ADIB) 2007 Q1 financial report

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2007 Q1 result list | ADIB 2007 Q1 results - forum topic | Abu Dhabi Islamic Bank - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
ADIB (listed on ADSM)   Auditor:   Ernst & Young
ADIB accounts in UAE dirhams    
Date of results and share price AED 49.70 on 06 May 2007    
Current share price AED 3.04 on 15 Apr 2009    
Chairman HE Majid Salem Khalifa Al Rumaithi
CEO Ragheed Najib Al Shanti (Acting CEO)
Balance Sheet (AED) 31 Dec 2006 31 Mar 2007   %Δ   ? notes
Total Assets 36,290,432,000 40,491,021,000 12%
Total Liabilities (33,520,817,000) (35,546,962,000) 6% Includes Minority Interests
Shareholders Equity 2,769,615,000 4,944,059,000 79% Excludes Minority Interests
Income Statement (AED) 2006 Q1  2007 Q1       
Revenue (Sales) 680,064,000 586,305,000 -14% See comments
Cost of Revenues (COGS) (454,903,000) (356,196,000) -22% See comments
Gross Profit 225,161,000 230,109,000 2% See comments
Other Income          
Other Expenses          
Net Profit 156,315,000 165,732,000 6%  
Minority Interests (49,000) 43,000 188%    
Net Profit due to shareholders 156,266,000 165,775,000 6%
Earnings Per Share stated (annualized) 1.30 (5.20) 1.11 (4.44) -15%  
Ratio Calculations As on 06 May 2007      
Number of shares outstanding   150,000,000    
EPS calculated (annualized) 1.04 (4.17) 1.11 (4.42) 6%   2006 Q1 EPS restated
Price to Earnings ratio (PE)* 11.9 11.2   Calculated EPS used
Price to Book Value (PBV) 2.7 1.5 -44%  
Return on Assets (ROA)* 1.7% 1.6% -5%
Return on Equity (ROE)* 22.6% 13.4% -41%
Return on Sales (ROS) or Profit Margin 23.0% 28.3% 23%
*Based on annualized profits          
Comments about Abu Dhabi Islamic Bank Q1 2007 results

EPS figures are before dilution due to convertible sukuk. Revenue includes Islamic Financing Income but not fees, commissions, investment or other income. Gross Profit is after deduction of Distribution to Depositors and Sukuk holders (roughly equivalent to Interest Expense for a non-Islamic bank).

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This page last updated 20-Jan-2009. Company information last updated 25 Jul 2008. E & OE.