Arab International Logistics (ARMX) 2006 FY annual report

 Home | New Investors | company results | Companies | UAE Brokers | Stock Forum | Latest posts | UAE news

2006 FY result list | ARMX 2006 FY results - forum topic | Arab International Logistics - details & pdf annual reports

Display results in:
AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
ARMX (listed on DFM)   Auditor:   KPMG
ARMX accounts in UAE dirhams    
Date of results and share price AED 2.47 on 30 Jan 2007    
Current share price AED 1.16 on 15 Apr 2009    
Chairman Abdullah M Mazrui
CEO Fadi Ali Ghandour
Balance Sheet (AED) 31 Dec 2005 31 Dec 2006   %Δ   ? notes
Total Assets 1,238,259,000 1,512,416,000 22%
Total Liabilities (187,690,000) (364,220,000) 94% Includes Minority Interests
Shareholders Equity 1,050,569,000 1,148,196,000 9% Excludes Minority Interests
Income Statement (AED) 2005 FY  2006 FY       
Revenue (Sales) 458,904,000 1,363,803,000 197% See comments
Cost of Revenues (COGS) (239,558,000) (743,966,000) 211%
Gross Profit 219,346,000 619,837,000 183%
Other Income 15,016,000 8,564,000 -43%    
Other Expenses (178,663,000) (519,397,000) 191%    
Net Profit 55,699,000 109,004,000 96%  
Minority Interests (4,512,000) (13,780,000) 205%    
Net Profit due to shareholders 51,187,000 95,224,000 86% See comments
Earnings Per Share stated 0.06 0.10 73%  
Ratio Calculations As on 30 Jan 2007      
Number of shares outstanding   1,000,000,000    
EPS calculated 0.05 0.10 86%   2005 FY EPS restated
Price to Earnings ratio (PE) 48.3 25.9   Calculated EPS used
Price to Book Value (PBV) 2.4 2.2 -9%  
Return on Assets (ROA) 4.1% 6.3% 52%
Return on Equity (ROE) 4.9% 8.3% 70%
Return on Sales (ROS) or Profit Margin 11.2% 7.0% -37%
Dividends          
Cash Dividend      
Dividend Yield (cash)      
Share Dividend   10%     Approved at AGM instead of original cash dividend
Important Dates Record Date 23 Apr 2007 AGM Date 16 Apr 2007
Comments about Arab International Logistics FY 2006 results

04 April 2007 update: AGM postponed to 16 April 2006 from 03 April 2007 (no quorum). Time and venue for AGM 5pm at Sheikh Rashid Hall in the Dubai World Trade Centre.

14 March 2007 update: Press release says 2005 revenues AED 854m, SCA disclosure says 2005 revenues AED 459m. Audited 2005 report from SCA has revenue as AED 458,904,000. Looks like it might have been a typo in the press release? No mention of dividends seen. Using the 2005 revenue figure from the disclosures, get an almost 200% increase from 2005 to 2006, ie Revenue has almost tripled.

Operating Profit was up significantly but didn't quite triple, however Net Profit was only up 28%? Presumably some money went towards expansion costs. That's what could have been explained in the press release, or summary in disclosure (there was nothing). But Net Profit figure for 2005 FY changed from AED 74.4m in press release to AED 51.2m in financial statements so 28% increase doesn't make sense.

PE is still high at 25, most other stocks well below 20 now. And growth in returns is not that much - return on revenue was half what it was in 2005.

30 January 2007: DFM disclosure doesn't open, no disclosure on ESCA site, figures taken from press release. Company tel +971-4-2865000 on main info page, press release tel +971-4-2118300.

Have your say in the ARMX 2006 FY results forum topic, includes directors reports and news, if available.

Disclaimer: ShareWadi.com and DubaiShareTalk.com provide UAE stockmarket related information, but do not offer investment advisory services, or brokerage services. Investing in shares is risky, you can lose some or all of your money and/or other assets. Anything you read on this site should be regarded as the opinion of the author only and is not to be taken as advice to buy, sell, or hold shares and/or other investments. Do not make investment decisions without due diligence and/or professional advice. In particular, do not assume anything you read on this site is correct or accurate. You should make your own investigations to determine if information is accurate and ultimately, you should accept that you and you alone are responsible for any investing decisions you make.

daily market reports | Calendar | Abu Dhabi Securities Exchange | Dubai Financial Market | ADSM DFM forms | Links | news & research | UAE IPO
RSS (daily market report) | DFM ADSM forum | FAQs | Dubai stock exchange | Contact Us | About Us | Terms of Service | Privacy Policy | Advertise

Copyright © ShareWadi.com 2005-2008. Any company names or product names used on this site, discussion forum, and/or communications from anyone associated with this website are the trademarks or registered trademarks of their respective holders.
This page last updated 20-Jan-2009. Company information last updated 03 Jun 2008. E & OE.