Arabian Food and Dairy Factories Co. (FADECO) reported a net profit of SAR 2.1 million in the first half of 2023, against a net loss of SAR 199 million in the prior-year period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 27.13 | 30.02 | 10.7 % |
| Gross Income | 10.48 | 13.51 | 28.9 % |
| Operating Income | 0.09 | 2.14 | 2200.0 % |
| Net Income | (0.20) | 2.09 | 1148.2 % |
| Average Shares | 1.41 | 1.41 | - |
| EPS (Riyals) | (0.14) | 1.48 | 1148.2 % |
The positive performance was driven by lower raw material prices, along with higher product prices and other income.
Shareholders’ equity, no minority interest, stood at SAR 29.40 million as of June 30, 2023, down from SAR 25.99 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
24.42 |
3.57 |
2.66 |
|
H2 2020 |
29.03 |
5.63 |
3.99 |
|
H1 2021 |
24.80 |
3.48 |
2.47 |
|
H2 2021 |
27.44 |
2.54 |
1.8 |
|
H1 2022 |
27.13 |
(0.20) |
(0.14) |
|
H2 2022 |
30.91 |
3.97 |
2.82 |
|
H1 2023 |
30.02 |
2.09 |
1.48 |
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