Al Madina for Finance & Investment (ALMADINA) 2008 Q1 financial report

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2008 Q1 result list | ALMADINA forum | Al Madina for Finance & Investment - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
ALMADINA (listed on DFM)   Auditor:   PricewaterhouseCoopers, and Al Ateeqi
Original statements supplied in Kuwaiti dinars Exchange rate KWD 1 = AED 13.00 or AED 1 = KWD 0.077
Date of results and share price AED 12.30 on 20 May 2008    
Current share price AED 5.40 on 15 Apr 2009    
Chairman Khalid Y. Al Mutawa
CEO Dr Ali Al Shamali
Balance Sheet (AED) 31 Dec 2007 31 Mar 2008   %Δ   ? notes
Total Assets 2,699,369,503 2,724,820,964 1%
Total Liabilities (2,153,696,916) (2,120,847,593) -2% Includes Minority Interests
Shareholders Equity 545,672,588 603,973,372 11% Excludes Minority Interests
Income Statement (AED) 2007 Q1  2008 Q1       
Revenue (Sales)      
Cost of Revenues (COGS)    
Gross Profit      
Other Income          
Other Expenses          
Net Profit 39,923,363 66,201,888 66%  
Minority Interests 0 (2,179,942)      
Net Profit due to shareholders 39,923,363 64,021,946 60%
Earnings Per Share stated (annualized) 0.23 (0.92) 0.37 (1.47) 60%  
Ratio Calculations As on 20 May 2008      
Number of shares outstanding   174,225,000    
EPS calculated (annualized) 0.23 (0.92) 0.37 (1.47) 60%  
Price to Earnings ratio (PE)* 13.4 8.4   Calculated EPS used
Price to Book Value (PBV) 3.9 3.5 -10%  
Return on Assets (ROA)* 5.9% 9.4% 59%
Return on Equity (ROE)* 29.3% 42.4% 45%
Return on Sales (ROS) or Profit Margin  
*Based on annualized profits          
Comments about Al Madina for Finance & Investment Q1 2008 results

Total Revenue stated in accounts is:
2008 Q1 KWD 8,115,885
2007 Q1 KWD 4,787,688

Investment Gain stated is:
2008 Q1 KWD 6,404,381
2007 Q1 KWD 659,548

So it is apparent that for Q1 2008, a large part of Net Profit came from Investment Gains, whereas in Q1 2007, that contribution was at a comparatively low level. Who knows what it will be for 08Q2 ...

CEO name not supplied in accounts. BOD report not supplied.

No discussion topic about ALMADINA 2008 Q1 results yet. Start one at the ALMADINA forum.

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This page last updated 20-Jan-2009. Company information last updated 04 Jun 2008. E & OE.