AGTHIA 2008Q4 profit Dh18m +90%

[sharewadi]

AGTHIA 2008 Q4 profit Dh18m +90%, FY 73m +90% 29 Jan 2009

Agthia 2008 Q4 report
Agthia 2008 annual report

Agthia Group PJSC (AGTHIA) profit figures for 2008 Q4 are (EPS annualised in brackets):

2008 Q4 profit = AED 18.3m +90.4% from 2007 Q4, EPS = 0.03 dhs (0.12 )
2007 Q4 profit = AED 9.61m, EPS = 0.02 dhs
2008 FY profit = AED 72.5m +90.1% from 2007 FY, EPS = 0.12 dhs
2007 FY profit = AED 38.1m, EPS = 0.06 dhs

EPS figures calculated from Net Profit / 600,000,000 shares outstanding. AGTHIA share price as of 29 Jan 2009 was 1.14 dhs, so 2008 estimated PE is about 1.14 / 0.12 = 9.5, based on Q4 earnings, which is higher than many other companies with low single figure PEs, then again, Agthia isn't dealing in property or shares. 2008 PE based on FY earnings is 1.14 / 0.12 = 9.4, which is about the same.

Agthia earnings have been relatively stable through 2008, varying from AED 16m in Q3 to AED 19.5m in Q2, and are about double the corresponding quarters in 2007 hence earnings almost doubled for the financial year overall. Agthia earnings were steady at about AED 9-10m per quarter during 2007, from 07Q4 to 08Q1 Net Profit doubled but through 2008 there wasn't much change after that. If there's no earnings growth from there, it's unlikely there'll be much share price growth.

No dividend or AGM date information seen. Agthia shares rose 2.6% to AED 1.17 today while the Abu Dhabi market edged down by 0.2%.

ADX 29 January 2009 (am):

(AGTHIA) Emirates Foodstuff & Mineral Water discloses preliminary annual 2008 financial results

Other result and related topics

2008 Q4 Abu Dhabi results

AGTHIA 2008Q3 profit AED 16.3m 29 Oct 2008
AGTHIA 2008Q2 profit AED 19.5m 30 Jul 2008
AGTHIA 2008Q1 profit AED 18.4m 24 Apr 2008
AGTHIA 2007FY profit AED 38.1m 29 Jan 2008
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[limitup]

seems the company is performing well , and revenues had increased by 52 % when compared to 2007 4th qtr , and also increased in relation to the previous qtr ( 3rd 2008) . i belive they are doing well , but further analysis should be done . lets wait and see their results in the 1st qtr to make a clear judgment .