ARIG 2008Q4 loss Dh65m -233%
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 Share Wadi
ARIG 2008Q4 loss Dh65m -233%

 
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ARIG 2008Q4 loss Dh65m -233%

Posted on Sun 22 Feb 2009 10:25 by sharewadi
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ARIG 2008 Q4 loss Dh65m -233%, FY -100m -221% 12 Feb 2009

Arab Insurance Group 2008 Q4 report
Arab Insurance Group 2008 annual report

Code:
                                2007    2008    2008   %Δ    %Δ     2007    2008   %Δ
                                 Q4      Q3      Q4   07Q4  08Q3     FY      FY

Date of results               12Feb08 13Nov08 12Feb09             12Feb08 12Feb09     

Revenue (AED)                   129m    202m    153m   19%  -25%    918m     1bn   12%
Net Profit (AED)               49.1m  -81.8m  -65.1m -230%   20%   86.9m   -105m -220%
Number of shares                220m    220m    220m                220m    220m     
EPS (AED)                       0.22   -0.37    -0.3                0.39   -0.48     
EPS (AED) (annualised)          0.89   -1.49   -1.18                0.39   -0.48     
Share price (AED)               3.30    2.55    2.73  -17%  7.1%    3.30    2.73  -17%

Total Assets (AED)             3.9bn   4.2bn     4bn  2.9% -5.3%   3.9bn     4bn  2.9%
Total Liabilities (AED)        2.8bn   3.2bn   3.1bn   12% -4.4%   2.8bn   3.1bn   12%
Shareholders Equity (AED)      1.1bn    960m    880m  -20% -8.3%   1.1bn    880m  -20%

PE (annualised)                  3.7                                 8.4             
Price to Book Value (PBV)        0.7     0.6     0.7  3.1%   17%     0.7     0.7  3.1%
Profit Margin (ROS)              38%    -40%    -43% -210% -5.5%    9.5%    -10% -210%
Return on Assets (ROA)          5.1%   -7.8%   -6.6% -230%   16%    2.3%   -2.6% -220%
Return on Equity (ROE)           18%    -34%    -30% -270%   13%    7.9%    -12% -250%

PE, ROA, and ROE are annualised figures. ARIG 4th quarter data not supplied so Q4 figures calculated from FY and M9 data but are not confirmed. Arig results announced 12 February 2009 but not supplied / available until 15 February 2009. Reason for delay unknown.

DFM 15 February 2009 (am):
(ARIG) Arab Insurance Group: Discloses its annual audited consolidated financial statements for the year ended 31/12/2008
(ARIG) Arab Insurance Group: Announces the results of its BOD meeting held on 12/02/2009
(ARIG) Arab Insurance Group: Press release regarding its financial results for 2008
(ARIG) Arab Insurance Group: Agenda of its AGM to being held on 26/03/2009

Arab Insurance Group dividends (yields are as of result date, not current date)

2008 ARIG dividends: Board recommends no dividend distribution.
2007 ARIG dividends: 7.5% cash dividend (dividend yield 8.3%)
2006 ARIG dividends: 10% cash dividend (dividend yield 12.8%)
2005 ARIG dividends: 5% cash dividend, 10% bonus shares
2004 ARIG dividends: none or no information

Other result and related topics

2008Q4 Bahrain result list

ARIG 2008Q3 result 13 Nov 2008
ARIG 2008Q2 profit AED 31.2m 22 Jul 2008
ARIG 2008Q1 report - profit AED 10.9m 15 May 2008 (SW summary)
ARIG 2007FY profit AED 86.9m 12 Feb 2008
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