Finance House (FH) 2008 Q1 financial report

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2008 Q1 result list | FH 2008 Q1 results - forum topic | Finance House - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
FH (listed on ADSM)   Auditor:   Deloitte and Touche
FH accounts in UAE dirhams    
Date of results and share price AED 10.60 on 13 Apr 2008    
Current share price AED 4.95 on 15 Apr 2009    
Chairman Mohammed Alqubaisi
CEO Hamid Taylor (General Manager)
Balance Sheet (AED) 31 Dec 2007 31 Mar 2008   %Δ   ? notes
Total Assets 2,159,660,000 2,278,871,000 6%
Total Liabilities (1,210,193,000) (1,289,458,000) 7% Includes minority interests
Shareholders Equity 949,467,000 989,413,000 4% Excludes minority interests
Income Statement (AED) 2007 Q1  2008 Q1       
Revenue (Sales) 14,642,000 27,769,000 90% Interest Income
Cost of Revenues (COGS) (6,842,000) (12,485,000) 82% Interest Expense
Gross Profit 7,800,000 15,284,000 96% Net Interest Income
Other Income 46,587,000 142,418,000 206%    
Other Expenses (13,272,000) (30,984,000) 133%    
Net Profit 41,115,000 126,718,000 208%  
Minority Interests 0 0      
Net Profit due to shareholders 41,115,000 126,718,000 208%
Earnings Per Share stated (annualized) 0.21 (0.84) 0.58 (2.32) 176%  
Ratio Calculations As on 13 Apr 2008      
Number of shares outstanding   220,000,000    
EPS calculated (annualized) 0.19 (0.75) 0.58 (2.30) 208%   2007 Q1 EPS restated
Price to Earnings ratio (PE)* 14.2 4.6   Calculated EPS used
Price to Book Value (PBV) 2.5 2.4 -4%  
Return on Assets (ROA)* 7.6% 22.2% 192%
Return on Equity (ROE)* 17.3% 51.2% 196%
Return on Sales (ROS) or Profit Margin 280.8% 456.3% 63%
*Based on annualized profits          
Comments about Finance House Q1 2008 results

Other income includes AED 127 million from gain on disposal of investments - triple the figure for the same item in 2007 Q1, and effectively accounting for all Finance House's profit for 2008 Q1. Other Income figure for 2007 Q1 is different from stated in last years' accounts due to inclusion this year of Fee and Commission Income (Gross) rather than net after deduction of Fees Expenses.

Have your say in the FH 2008 Q1 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 16 Oct 2008. E & OE.