Knowledge City widens Q1 losses by 93% to SAR 5 mln

20/04/2015 Argaam Exclusive

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Share Price

14.50
0.00 0.00 %

Knowledge Economic City (KEC)

 

Saudi-based Knowledge Economic City (KEC) reported a net loss of SAR 4.8 million for first quarter, 93 percent higher compared to the same period in 2014.

 

The year-on-year increase in losses was mainly attributed to lower sales, cost of goods sold (COGS), higher general and administrative expenses, and lower income from deferred Murabaha payment.  
 
Compared to Q4-2014, the company narrowed losses due to lower sales and COGS, unrealized profits from land sales, a decrease in general and administrative expenses and higher income from deferred payments of Murabaha. 


Current Quarter Comparison (M)

Compared With The
Item Q1 2014 Q1 2015 Change‬
Revenues 21.67 4.11 (81.0 %)
Gross Income 4.51 (0.74) (116.4 %)
Operating Income (1.77) (7.44) (320.6 %)
Net Income (2.49) (4.81) (93.2 %)
Average Shares 339.30 339.30 -
EPS (Riyals) (0.01) (0.01) (93.2 %)


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2006 - - - - - - -
Q2 2006 - - - - - - -
Q3 2006 - - - - - - -
Q4 2006 - - - - - - -
Q1 2007 - - - - - - -
Q2 2007 - - - - - - -
Q3 2007 - - - - - - -
Q4 2007 - - - - - - -
Q1 2008 - - - - - - -
Q2 2008 - - - - - - -
Q3 2008 - - - - - - -
Q4 2008 - - - - - - -
Q1 2009 - - - - - - -
Q2 2009 - - - - - - -
Q3 2009 - - - - - - -
Q4 2009 - - - - - - -
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 86.22 - 63.38 - 20.19 - 0.06
Q2 2011 - - - - (9.28) - (0.03)
Q3 2011 - - - - (9.96) - (0.03)
Q4 2011 7.72 - 3.13 - (10.08) - (0.03)
Q1 2012 4.02 (95.3 %) 1.79 (97.2 %) (8.33) (141.3 %) (0.02)
Q2 2012 26.52 - 16.79 - (0.78) 91.6 % 0.00
Q3 2012 57.04 - 40.04 - 9.69 197.3 % 0.03
Q4 2012 5.00 (35.2 %) (1.68) (153.7 %) (26.63) (164.1 %) (0.08)
Q1 2013 5.99 49.0 % 2.56 43.1 % (8.14) 2.3 % (0.02)
Q2 2013 8.88 (66.5 %) 3.52 (79.0 %) (3.02) (287.3 %) (0.01)
Q3 2013 18.92 (66.8 %) 5.12 (87.2 %) 1.72 (82.3 %) 0.01
Q4 2013 4.38 (12.6 %) (0.33) 80.1 % 9.07 134.1 % 0.03
Q1 2014 21.67 261.7 % 4.51 75.8 % (2.49) 69.4 % (0.01)
Q2 2014 27.56 210.4 % 7.64 117.2 % 15.53 614.7 % 0.05
Q3 2014 12.72 (32.8 %) 4.19 (18.1 %) 15.93 826.8 % 0.05
Q4 2014 10.82 147.3 % (6.15) (1,740.7 %) (57.15) (730.3 %) (0.17)
Q1 2015 4.11 (81.0 %) (0.74) (116.4 %) (4.81) (93.2 %) (0.01)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 70.80 % 23.71 % (9.72 %)
Q1 2012 41.88 % (309.15 %) (320.76 %)
Q2 2012 56.72 % (51.57 %) (76.18 %)
Q3 2012 64.79 % 22.25 % (9.97 %)
Q4 2012 61.50 % 8.80 % (28.13 %)
Q1 2013 61.04 % 11.49 % (27.35 %)
Q2 2013 57.79 % 1.09 % (36.53 %)
Q3 2013 24.55 % (72.81 %) (92.97 %)
Q4 2013 28.48 % (43.36 %) (0.97 %)
Q1 2014 23.79 % (22.71 %) 9.81 %
Q2 2014 23.35 % (7.42 %) 32.85 %
Q3 2014 24.13 % (9.99 %) 57.36 %
Q4 2014 14.01 % (20.36 %) 0.65 %
Q1 2015 8.96 % (37.39 %) (3.34 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 - - - -
Q4 2006 - - - -
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 - - - -
Q2 2008 - - - -
Q3 2008 - - - -
Q4 2008 - - - -
Q1 2009 - - - -
Q2 2009 - - - -
Q3 2009 - - - -
Q4 2009 - - - -
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 339.30 - - 9.54
Q2 2011 339.30 - - 9.52
Q3 2011 339.30 - - 9.49
Q4 2011 339.30 (0.03) (0.03) 9.46
Q1 2012 339.30 (0.11) (0.11) 9.43
Q2 2012 339.30 (0.09) (0.09) 9.43
Q3 2012 339.30 (0.03) (0.03) 9.46
Q4 2012 339.30 (0.08) (0.08) 9.38
Q1 2013 339.30 (0.08) (0.08) 9.36
Q2 2013 339.30 (0.08) (0.08) 9.35
Q3 2013 339.30 (0.11) (0.11) 9.35
Q4 2013 339.30 0.00 0.00 9.38
Q1 2014 339.30 0.02 0.02 9.37
Q2 2014 339.30 0.07 0.07 9.42
Q3 2014 339.30 0.11 0.11 9.47
Q4 2014 339.30 (0.08) 0.00 9.30
Q1 2015 339.30 (0.09) (0.01) 9.28

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 - - -
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - 0.79
Q2 2011 - - 0.85
Q3 2011 - - 0.80
Q4 2011 NEG NEG 1.16
Q1 2012 NEG NEG 2.01
Q2 2012 NEG NEG 1.59
Q3 2012 NEG NEG 1.52
Q4 2012 NEG NEG 1.34
Q1 2013 NEG NEG 1.55
Q2 2013 NEG NEG 1.51
Q3 2013 NEG NEG 1.59
Q4 2013 NEG NEG 1.89
Q1 2014 More than 100 More than 100 2.26
Q2 2014 More than 100 More than 100 2.17
Q3 2014 More than 100 More than 100 2.54
Q4 2014 NEG More than 100 1.82
Q1 2015 NEG NEG 2.47

Business Segments (Million)

Compared With The
Period Property management & consulting services Learning and training of operational staff

Current
Market Cap (M Riyal) 4,919.85
Enterprise Value (EV) (M) 5,660.48
Shares Outstanding ((M)) 339.30
EPS ( Riyal) (TTM) (0.15)
Book Value (BV) ( Riyal) 8.84
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 1.64
Return on Average Assets (%) (TTM) (1.30 )
Return on Average Equity (%) (TTM) (1.66 )

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