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

Share Data
Currency AED
Previous Close 0.94
Change (%) 2.17
Volume 188,146
Number of Shares (mil) 510
Market Cap (mil) 479.40

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 354,135 384,188 421,139
Gross profit 43,209 60,027 48,548
Profit for the year 56,380 26,343 31,731
Profit for the year attributable to equity holders of the parent company 54,232 26,112 29,351
Balance sheet      
Total assets 605,995 624,494 672,183
Total liabilities 99,028 93,750 112,059
Total equity 506,967 530,744 560,124
Cash flow      
Net cash generated from operating activities 25,242 (3,398) 24,286
Net cash generated from/(used in) investing activities 126,852 (81,725) (5,548)
Net cash used in financing activities (2,633) (4,318) (943)
Cash and cash equivalents at the end of the year 247,335 157,894 175,689
Key indicators      
Earnings per share (AED) 0.11 0.05 0.06