Tanmiah Food reports net profit of SAR 21M in Q1 2024

12/05/2024 Argaam Exclusive

Tanmiah Food Co. reported a net profit of SAR 21 million Q1 2024, unchanged from the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 484.48 581.36 20.0 %
Gross Income 119.95 144.46 20.4 %
Operating Income 32.21 35.50 10.2 %
Net Income 20.99 20.96 (0.2 %)
Average Shares 20.00 20.00 -
EPS (Riyals) 1.05 1.05 (0.2 %)

Tanmiah recorded a 20% improvement in revenues in Q1 2024, reaching SAR 581.4 million, in line with the continued growth of all business segments.

 

It witnessed a 20.42% rise in gross profit to SAR 144.5 million, in line with the improvement in revenues, outweighing the increase in cost of sales.

 

In addition, operating profit grew by 8.52% to SAR 39.5 million, despite a 25.8% rise in general and administrative expenses during the period.

 

Net profit for Q1 2023 included a one-off subsidy of SAR 15.29 million.

 

Sequentially, Tanmiah’s first-quarter earnings retreated 20.4% from SAR 26.37 million in Q4 2023, due to a slight rise in sales, general and administrative expenses.

 

Shareholders' equity, excluding minority interest, at the end of Q1 2024 amounted to SAR 639.8 million, compared to SAR 635.4 million a year earlier.

Attached Documents:

 

View More Financial Results

 

View other reports

Share Price

Tanmiah Food Co.
118.80
(0.20) (0.17 %)

Tanmiah Food Co. (TANMIAH)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,376.00
Enterprise Value (EV) (M) 2,727.56
Shares Outstanding ((M)) 20.00
EPS ( Riyal) (TTM) 4.77
Book Value (BV) ( Riyal) 32.50
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 24.89
P/E (TTM) 24.89
Price/book 3.66
Return on Average Assets (%) (TTM) 4.6
Return on Average Equity (%) (TTM) 15.3
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request