Herfy Food Services Co. reported a net loss of SAR 12.8 million in Q1 2023, versus a net profit of SAR 26.7 million in the year earlier period, as sales declined 16.8% year-on-year (YoY) due to seasonal factors including Ramadan. In addition, selling and marketing expenses edged higher.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 331.00 | 275.13 | (16.9 %) |
| Gross Income | 96.94 | 54.28 | (44.0 %) |
| Operating Income | 34.58 | (8.00) | (123.1 %) |
| Net Income | 26.72 | (12.82) | (148.0 %) |
| Average Shares | 64.68 | 64.68 | - |
| EPS (Riyals) | 0.41 | (0.20) | (148.0 %) |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 299.19 | 275.13 | (8.0 %) |
| Gross Income | 56.01 | 54.28 | (3.1 %) |
| Operating Income | (55.10) | (8.00) | 85.5 % |
| Net Income | (59.28) | (12.82) | 78.4 % |
| Average Shares | 64.68 | 64.68 | - |
| EPS (Riyals) | (0.92) | (0.20) | 78.4 % |
On a sequential basis, net losses shrank 80.6% from SAR 65.99 million, due to lower selling, marketing, general and administrative expenses.
Total shareholders’ equity, no minority interest, stood at SAR 1.04 billion as of March 31, 2023, compared to SAR 1.07 billion in the prior-year period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}