Updated post with summary analysis of DIC results [/edit]
DIC 2008 Q4 loss Dh-110m -125%, FY 1.6bn +3% 01 Feb 2009
Dubai Investments 2008 Q4 report
Dubai Investments 2008 annual report
- Code: Select all
2007 2008 2008 %Δ %Δ 2007 2008 %Δ
Q4 Q3 Q4 07Q4 08Q3 FY FY
Date of results 29Jan08 30Oct08 01Feb09 29Jan08 01Feb09
Revenue (AED) 574m 883m 2bn
Net Profit (AED) 436m 635m -110m -130% -120% 1.5bn 1.6bn 3.5%
Number of shares 2.2bn 3.2bn 3.2bn 50% 2.2bn 3.2bn 50%
EPS (AED) 0.2 0.2 -0.03 0.69 0.48
EPS (AED) (annualised) 0.8 0.78 -0.14 0.69 0.48
Share price (AED) 5.59 1.91 0.95 -83% -50% 5.59 0.95 -83%
Total Assets (AED) 10bn 14bn 10bn 14bn 38%
Total Liabilities (AED) 5.3bn 7.1bn 5.3bn 6.9bn 30%
Shareholders Equity (AED) 5bn 7.4bn 5bn 7.2bn 46%
PE (annualised) 7 2.4 8.1 2 -75%
Price to Book Value (PBV) 2.4 0.8 0.4 -83% -49% 2.4 0.4 -83%
Profit Margin (ROS) 76% 72% 74%
Return on Assets (ROA) 17% 18% -3.1% -120% -120% 15% 11% -25%
Return on Equity (ROE) 35% 34% -6.1% -120% -120% 30% 22% -29%
PE, ROA, and ROE are annualised figures
If Balance Sheet figures not supplied then data from previous quarter is used to calculate financial ratios
DIC 4th quarter data not supplied so Q4 figures calculated from FY and M9 data but are not confirmed
Other result and related topics
2008Q4 Dubai result list
DIC 2008 Q3 profit AED 634.9m 30 Oct 2008
DIC 2008 Q2 profit AED 546.5m 30 Jul 2008
DIC 2008 Q1 profit AED 488.3m 01 May 2008
DIC 2007 FY profit AED 1,507.2m 29 Jan 2008
DIC results forecast - original post
[source="Reuters 28 December 2008"]Dubai Investments may see Q4 investments hit
Dubai Investments (DIC) may take a hit from its financial investments in the fourth quarter but solid group company results are likely to offset that, the company's chief executive said on Sunday.
"I don't know how strong the earnings are going to be," Khalid bin Kalban said, adding the firm had yet to close all its positions for 2008. "The (overall) company is doing well, but our financial investments have taken a major hit. There are good earnings from other group companies and this will compensate for that."
Dubai Investments, the UAE's largest diversified holding firm by market value, had third-quarter net profit of 635 million dirhams ($172.9 million), a rise of 137 per cent. Its plan to sell a stake in one of its companies each year remains on track but poor market conditions mean it will tread cautiously in 2009, bin Kalban said. Emirates Business quoted bin Kalban as saying the firm is willing to sell an up to 40-per cent in its subsidiaries when market conditions improve.
"This is the plan from day one, everything we do we look for an exit," bin Kalban said. "Earlier this year, we promised the market that when conditions were right we would sell stakes in one company each year and we did that this year."
The company, whose businesses range from glass-making to pharmaceuticals, sold a 40-per cent stake in private equity unit M'Sharie this year, raising 400 million dirhams, but its planned initial public offering for the division remains on hold. Plans to follow the M'Sharie move with another sale in 2009 are uncertain amid fallout from the global financial crisis. "It all depends on the market conditions. In real estate, we don't think the market is right in 2009 but maybe in manufacturing it will be better."
Dubai Investments stock closed down 1.02 per cent to 97 fils on the Dubai index on Thursday, its lowest level in four years. The stock, which had a mid-year peak of 4.61 dirhams in June, has fallen 75 per cent this year.
UAE markets were closed on Sunday to mark the start of the Islamic new year.[/source]
DIC 2008 Q3 profit AED 630m
DIC subsidiary IPOs
M Sharie IPO
MSharie private placement