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Market: Abu Dhabi Symbol: ASMAK ISIN: AEI000201014 Industry: Consumer Staples

Share Data
Currency AED
Previous Close 1.33
Change (%) 1.53
Volume 5,077,614
Number of Shares (mil) 510
Market Cap (mil) 678.30

Company presentation

Established in 1999, International Fish Farming Holding Company PJSC, Asmak, is a leading provider of fresh and frozen seafood in the Middle East. An end-to-end producer and supplier, Asmak has aquaculture, hatchery, fishing and processing operations in the UAE, Saudi Arabia, Bahrain and Oman. In recent years, Asmak has expanded its portfolio of services to value-added food products, including breaded seafood products and has established a world class operation with global reach. Furthermore, Asmak has diversified its investment portfolio in 2010 by acquiring a group of companies especialized in real estate, contracting, landscaping and labor camp.

Asmak, the Abu Dhabi based leading company in aqua and seafood industry is by far one of the fastest-growing brands in the country and is set to be the seafood brand of choice in the region’s leading supermarkets.

Income statement      
Revenue 384,188 421,139 570,241
Gross profit 60,027 48,548 57,618
Profit for the year 26,343 31,731 20,185
Profit for the year attributable to equity holders of the parent company 26,112 29,351 18,451
Balance sheet      
Total assets 624,494 672,183 791,154
Total liabilities 93,750 112,059 204,855
Total equity 530,744 560,124 586,299
Cash flow      
Net cash generated from operating activities (3,398) 24,286 17,741
Net cash generated from/(used in) investing activities (81,725) (5,548) (127,545)
Net cash used in financing activities (4,318) (943) 26,033
Cash and cash equivalents at the end of the year 157,894 175,689 91,772
Key indicators      
Earnings per share (AED) 0.05 0.06 0.04