Arabtec (ARTC) press release on DFM website with 2008 FY profit and revenue figures.
Arabtec 2008 FY Net Profit AED 945m, +77% from 2007 FY
Arabtec 2008 FY Revenue AED 9.6 billion, +129% from 2007 FY
Arabtec 2008 Q4 Net Profit AED 185m, -3.6% from 2007 Q4, and -25% from 2008 Q3 (my calculations).
Arabtec 2008 Q4 Revenue AED 3.2 billion, +129% from 2007 Q4, and +39% from 2008 Q3 (my calculations).
No income statement, cashflow statement, balance sheet, assets, or liabilities information supplied. Arabtec shares rose 2.3% to AED 0.89 today in trading up to 12:00, after which shares were suspended while the BOD meeting was going on. Arabtec results were released on the DFM website after trading closed as far as I can tell (about 14:30 I think).
Total Assets (AED) 4.8bn 7.5bn 4.8bn
Total Liabilities (AED) 3.6bn 5.8bn 3.6bn
Shareholders Equity (AED) 1.2bn 1.7bn 1.2bn
PE (annualised) 8.4 4.4 1.4 -83% -67% 12.1 1.1 -91%
Price to Book Value (PBV) 5.2 2.6 0.6 -88% -76% 5.2 0.6 -88%
Profit Margin (ROS) 14% 11% 5.8% -57% -48% 13% 9.8% -21%
Return on Assets (ROA) 16% 14% 9.9% -38% -28% 11% 13% 14%
Return on Equity (ROE) 61% 60% 43% -29% -28% 43% 55% 30%
PE, ROA, and ROE are annualised figures
If Balance Sheet figures not supplied then data from previous quarter is used to calculate financial ratios
ARTC 4th quarter data not supplied so Q4 figures calculated from FY and M9 data but are not confirmed
945 Million Dhs Profit of Arabtec Holding PJSC for 2008
Arabtec Holding PJSC (ARTC) has achieved a consolidated un-audited group profits of AED 945 million for the year end 31 December 2008 compared to AED 535 million for the same period in 2007, an increase of 77%.
Arabtec's consolidated revenue for the year end 31 December 2008 reacher AED 9.6 billion compared to AED 4.2 billion during the same period of 2007.
We all knew they are in the green for 2008, but all are worried about 2009 and what biz they will still hold with everything ON HOLD now.
but for sure their stock is worth more than what it is right now.
In my openion not a bad risk to invest in ARTC at the current price , as you mentioned peanuts, so if goes down its still peanuts but when it goes up you get to buy License Plate N' 5 and 25 etc...
even Jimmy Carter made millions from Peanuts.
ARTC results have been great as expected for 2008 and probably better than many pessimists expect for 2009, but other than the operating results, have there been any releases regarding their cash position?
That is after all the name of the game moving ahead into this year... If their cash position is strong then this stock could go limit up consecutively for a full month..
Normaly in BIZ there is something called back to back l/c and i think they are covered in cash + what Meydan will do if they get it back or not they still make money on it, so for 2009 they will still do good if not better than 2008 due to the huge decrease in materials cost.
(ARTC) Arabtec Holding: Announces its preliminary financial results for 2008
Only a summary of the preliminary results for Arabtec, no cashflow or balance sheet information apart from total assets and equity - both figures approximately doubled. _________________ UAE IPO list | posting guidelines
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