Kuwait Corporate Fact Sheet

Human Soft Holding Co. Fact Sheet
Services Sector
Reuters Code: HUMN.KW Current Price (KD) : 0.265
Key Facts
KAMCO Research
June 22, 2008
KD '000 2003 2004 2005 2006 2007
Cash & Equivalent 4,029 1,761 1,666 2,656 4,211
A/R & Other Debit Balances 2,422 3,051 5,336 2,972 1,291
Inventory 264 318 281 201 141
Due from Related Parties 3,729 259 241 348 208
Investments 154 154 154 154 154
Fixed Assets 1,581 1,696 1,818 3,984 6,490
Goodwill 2,199 2,084 2,084 2,084 2,084
Other Assets 507 795 1,080 509 7,072
Total Assets 14,883 10,116 12,659 12,908 21,651
Loans and Bank Facilities 1,104 776 851 3,724 2,946
A/P & Other Payables 8,081 2,897 3,337 2,022 1,633
Due to Related Parties 1,225 94 89 89 89
Other Liabilities 393 499 530 426 266
Total Liabilities 10,803 4,267 4,808 6,260 4,932
Minority Interest 162 39 49 46 104
Equity 3,918 5,811 7,802 6,602 16,615
Revenues 7,877 10,570 11,636 8,570 5,804
Cost of Revenues 2,575 3,173 3,118 2,605 1,542
Gross Profit 5,302 7,396 8,519 5,965 4,262
Other Operating Income - 127 15 90 177
Operating Expenses 3,967 5,368 6,060 6,341 4,064
Operating Profit 1,335 2,155 2,474 (285) 375
Finance Charges 75 85 89 244 68
Other Income - - - - 4,758
Other Expenses 173 192 372 2,469 464
Net Profit 1,087 1,878 2,013 (2,998) 4,601
Key Ratios
2003 2004 2005 2006 2007
Return On Assets 7.3% 18.6% 15.9% NM 21.3%
Return On Equity 27.7% 32.3% 25.8% NM 27.7%
Gross Profit Margin 67.3% 70.0% 73.2% 69.6% 73.4%
Operating Profit Margin 16.9% 20.2% 21.2% NM 6.3%
Net Profit Margin 13.8% 17.6% 17.3% NM 76.9%
Total Liabilities / Total Assets 72.6% 42.2% 38.0% 48.5% 22.8%
Historical Share Data* YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) N/A 21,420 15,708 29,131 30,274
Closing Share Price (KD) N/A 0.510 0.275 0.255 0.265
Highest Price For the Period (KD) N/A 1.200 0.580 0.300 0.310
Lowest Price For the Period (KD) N/A 0.380 0.230 0.164 0.242
Volume (Shares thousand) N/A 31,675 42,940 20,130 22,400
Value (KD thousand) N/A 17,937 13,758 4,335 6,271
No. of Trades N/A 2,633 2,572 481 1,155
EPS (KD) 0.045 0.045 (0.473) 0.543 0.543
Book Value Per Share (KD) 0.194 0.186 0.118 0.150 0.150
Dividend Per Share (KD) 0.040 0.020 0.000 0.000 NA
Price to Earnings Multiple (X) #
5.93 5.94 NM 0.49 0.49
Price to Book Value Multiple (X) #
1.37 1.43 2.24 1.77 1.77
Dividend Yield (%) #
15.09 7.55 0.00 0.00 0.00
KD
0.310
0.295
0.280
0.265
0.250
0.235
0.220
0.205
0.190
0.175
0.160
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
52-Week Price Chart Rel. to KAMCO TRW Index
16.9.07
30.9.07
HUMANSOFT KAMCO TRW Index
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
11.5.08
25.5.08
8.6.08
22.6.08
Index
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
NA: Not Applicable, NM: Not Meaningful
N/A: Not Available. YTD: Beginning of year to date
#
:Historical P/E, P/B & Yield are based on
current price & historical earning per share,
except for P/E of YTDhare & dividend per share
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com