Kuwait Corporate Fact Sheet

Sharjah Cement & Industries Dev. Co. Fact Sheet
Non-Kuwaiti Sector
June 22, 2008
Reuters Code: SCEM.KW Current Price (KD) : 0.390
Key Facts
KAMCO Research
KD '000 2003 2004 2005 2006 2007
Cash & Deposits 1,390 3,968 5,083 3,666 6,217
Account Receivable s & Prepayments 6,650 10,205 19,207 18,939 19,712
Inventories 7,011 10,967 11,240 13,775 24,631
Property, Plant & Equipment 39,216 41,597 42,507 50,350 56,888
Investment in Trading Securities 13,967 21,089 42,567 2,412 1,468
Long-term Investments 7,716 6,784 6,695 38,004 46,772
Total Assets 75,949 94,611 127,300 127,145 155,687
Account Payables & Accruals 8,081 9,543 10,072 13,469 15,380
Loans 20,522 19,545 16,849 16,939 20,301
Other Liabilities 778 857 938 1,005 1,226
Total Liabilities 29,381 29,945 27,859 31,414 36,907
Equity 46,568 64,666 99,441 95,732 118,780
Sales 16,996 28,872 45,130 52,890 68,308
Cost of Sales 12,614 16,854 24,134 32,002 42,881
Gross Profit 4,383 12,018 20,995 20,888 25,427
Operating Expenses 1,076 1,142 1,678 1,626 1,668
Operating Profit 3,306 10,875 19,317 19,262 23,759
Finance Charges 853 903 1,008 1,219 918
Other Income 2,127 3,333 8,385 1,671 7,592
Net Profit 4,581 13,305 26,695 19,714 30,433
Key Ratios
2003 2004 2005 2006 2007
Return On Assets 6.0% 14.1% 21.0% 15.5% 19.5%
Return On Equity 9.8% 20.6% 26.8% 20.6% 25.6%
Gross Profit Margin 25.8% 41.6% 46.5% 39.5% 37.2%
Operating Profit Margin 19.5% 37.7% 42.8% 36.4% 34.8%
Net Profit Margin 27.0% 46.1% 59.2% 37.3% 44.6%
Current Ratio (X) 1.97
2.65
4.08
1.64
1.87
Quick Ratio (X) 1.49
2.02
3.49
1.06
0.98
Debt / Equity 44.1% 30.2% 16.9% 17.7% 17.1%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 111,358 248,805 144,892 176,176 196,049
Closing Share Price (KD) 0.350 0.680 0.330 0.375 0.390
Highest Price for the Period (KD) 0.415 0.720 0.730 0.380 0.520
Lowest Price for the Period (KD) 0.226 0.350 0.280 0.244 0.365
Volume (Shares thousand) 136,090 95,035 79,180 151,020 79,090
Value (KD thousand) 42,573 51,217 30,865 52,350 33,961
No. of Trades 3,566 4,264 2,260 3,929 1,658
EPS (KD) 0.036 0.060 0.042 0.064 0.064
Book Value Per Share (KD) 0.203 0.272 0.218 0.253 0.253
Dividend Per Share (KD) 0.008 0.020 0.020 0.037 NA
Price to Earnings Multiple (X) #
10.73 6.46 9.38 6.10 6.10
Price to Book Value Multiple (X) #
1.92 1.43 1.79 1.54 1.54
Dividend Yield (%) #
2.05 5.10 5.05 9.56 9.56
KD
0.550
0.500
0.450
0.400
0.350
0.300
0.250
52-Week Price Chart Rel. to KAMCO TRW Index
SCEM 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
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
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com