VIVA Financial Highlights and Stock Performance
Financial Results
11
In 2018, the company has applied IFRS 15
"Revenue from Contracts with Customers
"and IFRS 9 "Financial Instruments" which
are effective from 1st January 2018 and
opted for full retrospective approach for
the 2017 numbers.
VIVA's revenue decreased by 14.1% during
the three months ended 31 March 2019 to
reach KD 66.6 million as compared to KD
77.6 million recorded during the three
months ended 31 March 2018.
VIVA's EBITDA increased by 4.2% to reach
KD 18.7 million during the three months
ended 31 March 2019 with an EBITDA
Margin of 28% as compared to KD 18 million
and margin of 23% during the same period
last year.
The net profit reached KD 9.6 million
(earning per share 19 fils) during Q1-2019 as
compared to KD 11.6 million (earning per
share 23 fils) recorded during Q1-2018.
Shareholders' equity base increased to KD
181.6 million at the end of March 2019 with a
growth rate of 18% compared to KD 153.4
million at the end of March 2018. VIVA'S
customers' reached 2.04 million by end of
March 2019.
Revenue (KD Mn)
Key Figures & Ratios
Subscribers (Mn)
Q1-2018 (Restated)
Q1-2019
Change
2.32
2.04
-12.1%
77.6
66.6
-14.1%
EBITDA
18
18.7
+4.2%
EBITDA Margin (%)
23%
28%
+4.9 pt.
Net Profit (KD Mn)
11.6
9.6
-16.7%
Net Profit Margin (%)
15%
14%
-0.5 pt.
EPS (Fils)
23
19
-16.7%
Equity (KD Mn)
153.4
181.6
+18%
307
364
+18%
BVPS (Fils)
Subscribers (Mn)
Revenue (KD Mn)
Net Profit (KD Mn)
2.32
2.04
77.6
66.6
11.6
9.6
Investor Relations
Mar-18
Mar-19
Q1-2018
Q1-2019
Q1-2018
Q1-2019
VIVAView entire presentation