Fesh Fash Snack Food Production Co. reported a net profit fall of 39% to SAR 1.4 million in the first half of 2023 from SAR 2.3 million in the prior-year period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 15.71 | 17.35 | 10.4 % |
| Gross Income | 4.71 | 4.83 | 2.7 % |
| Operating Income | 2.32 | 1.48 | (36.2 %) |
| Net Income | 2.26 | 1.38 | (39.0 %) |
| Average Shares | 11.30 | 11.30 | - |
| EPS (Riyals) | 0.20 | 0.12 | (39.0 %) |
The half-year results were hurt by a 68% increase year-on-year (YoY) in general and administrative expenses. Fesh Fash also recorded an 8% rise YoY in operating costs as raw material prices and operating expenses jumped 12% each, compared to H1 2022.
Shareholders’ equity, no minority interest, declined to SAR 14 million as of June 30, 2023, from SAR 15.13 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
16.55 |
2.45 |
2.17 |
|
H2 2020 |
15.05 |
1.48 |
1.31 |
|
H1 2021 |
14.13 |
2.05 |
1.81 |
|
H1 2022 |
15.69 |
(0.65) |
(0.58) |
|
H1 2021 |
15.71 |
2.26 |
0.2 |
|
H2 2022 |
15.74 |
(0.72) |
(0.64) |
|
H1 2023 |
17.35 |
1.38 |
0.12 |
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