Kuwait Corporate Fact Sheet

Al Safat Tec Holding Company Fact Sheet
Services Sector
Reuters Code: ATGK.KW Current Price (KD) : 0.156
Key Facts
KD '000 2003 2004 2005 2006 2007
Cash & Equivalent 1 53 176 472 1,373
Accounts Receivable & Other Debit Balances 91 1,641 5,686 8,633 20,533
Inventories 78 1,318 2,203 4,287 8,311
Investments 0 310 595 594 21,619
Other Assets 0 479 993 4,884 23,579
Total Assets 170 3,801 9,653 18,869 75,413
Accounts Payable & Other Credit Balances 45 2,353 3,023 3,564 4,853
Loans Payable 0 0 0 6,691 14,280
Other Liabilities 8 346 506 804 6,710
Total Liabilities 53 2,699 3,529 11,060 25,842
Minority Interest 0 0 0 512 628
Equity 117 1,101 6,123 7,297 48,943
Sales 186 2,486 10,323 20,459 28,084
Cost of Revenues 151 1,962 7,702 15,749 20,635
Gross Profit 35 524 2,621 4,711 7,449
Operating Expenses 33 242 1,934 3,867 5,939
Operating Profit (Loss) 2 282 687 844 1,510
Investment Income 0 0 184 423 1,613
Other Non-operating Income 0 20 89 410 686
Other Non-operating Expenses 0 3 28 504 801
Net Profit 2 299 933 1,173 3,008
Key Ratios
KAMCO Research
June 22, 2008
2003 2004 2005 2006 2007
Return On Assets 1.1% 7.9% 9.7% 6.2% 4.0%
Return On Equity 1.6% 27.1% 15.2% 16.1% 6.1%
Gross Profit Margin 18.8% 21.1% 25.4% 23.0% 26.5%
Operating Profit Margin 1.0% 11.3% 6.7% 4.1% 5.4%
Net Profit Margin 1.0% 12.0% 9.0% 5.7% 10.7%
Total Liabilities / Total Assets 31.3% 71.0% 36.6% 58.6% 34.3%
Investments / Total Assets 0.0% 8.2% 6.2% 3.1% 28.7%
Historical Share Data* YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) N/A N/A 15,938 68,800 62,400
Closing Share Price (KD) N/A N/A 0.425 0.172 0.156
Highest Price For the Period (KD) N/A N/A 0.560 0.460 0.198
Lowest Price For the Period (KD) N/A N/A 0.330 0.134 0.150
Volume (Shares thousand) N/A N/A 26,315 115,890 396,440
Value (KD thousand) N/A N/A 11,256 21,466 67,731
No. of Trades N/A N/A 583 2,562 7,158
EPS (KD) 0.136 0.028 0.018 0.012 0.012
Book Value Per Share (KD) 0.140 0.163 0.195 0.122 0.122
Dividend Per Share (KD) 0.000 0.000 0.000 0.000 NA
Price to Earnings Multiple (X) #
1.15 5.57 8.61 12.63 12.63
Price to Book Value Multiple (X) #
1.11 0.96 0.80 1.27 1.27
Dividend Yield (%) #
0.00 0.00 0.00 0.00 0.00
KD
0.195
0.190
0.185
0.180
0.175
0.170
0.165
0.160
0.155
0.150
0.145
0.140
52-Week Price Chart Rel. to KAMCO TRW Index
SAFTEC KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
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,
book value per share & dividend per share
*: The Company was listed on the KSE on 8-May-06
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com