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

Share Data
20/09/2017
Currency AED
Previous Close 1.50
Change (%) 2.04
Volume 351,002
Number of Shares (mil) 510
Market Cap (mil) 765.00

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.

KEY FIGURES (AED’000)
2014
2015
2016
Income statement      
Revenue 299,087 354,135 384,188
Gross profit 51,736 43,209 60,027
Profit for the year 43,786 56,380 26,343
Profit for the year attributable to equity holders of the parent company 43,042 54,232 26,112
Balance sheet      
Total assets 559,194 605,995 624,494
Total liabilities 107,283 99,028 93,750
Total equity 451,911 506,967 530,744
Cash flow      
Net cash generated from operating activities 85,963 25,242 (3,398)
Net cash generated from/(used in) investing activities 135,696 126,852 (81,725)
Net cash used in financing activities (263,062) (2,633) (4,318)
Cash and cash equivalents at the end of the year 97,874 247,335 157,894
Key indicators      
Earnings per share (AED) 0.49 0.11 0.05