Foods Gate H1 2023 net profit declines 16% to SAR 5.4 mln

06/08/2023 Argaam Exclusive
0

Foods Gate Trading Co.’s net profit declined in the first half of 2023 by 16% to SAR 5.4 million from SAR 6.4 million in H1 2022.

General and administrative expenses decreased by 33.8% in H1 2023 to SAR 2.6 million from SAR 3.9 million in H1 2022, due to the company's efforts to enhance operating efficiency.

 

Selling and marketing expenses dropped by 12% to SAR 1.2 million compared to SAR 1.4 million for the same period of the previous year.

 

The company recorded no revenue from the seasonal events in the current period, compared to SAR 2.6 million in the same period of the previous year.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 31.76 28.57 (10.1 %)
Gross Income 9.45 9.08 (4.0 %)
Operating Income 4.08 4.62 13.4 %
Net Income 6.41 4.12 (35.6 %)
Average Shares 2.10 2.10 -
Earnings Per Share before unusual items (Riyals) 2.03 1.96 (3.5 %)
EPS (Riyals) 3.05 1.96 (35.6 %)

Total shareholders’ equity, excluding minority interest, reached SAR 42.61 million by June 30, 2023, compared to SAR 35.22 million a year earlier.

View more financial results

 

View other reports

Share Price

Foods Gate Trading Co.
59.00
0.00 0.00 %

Foods Gate Trading Co. (FOOD GATE)

1 Day (13.99 %) 5 Days (13.99 %) 3 Months (1.67 %) 6 Months 11.32 % Year 1.72 % 2 Years (13.99 %) 5 Years (13.99 %) All (13.99 %)
Created with Highstock 6.0.710:2010:3010:4010:5011:0011:1011:3011:4011:5012:0012:2012:3012:5013:0013:1013:3013:4013:5014:0014:1014:2014:3014:4014:5015:203838.138.238.338.438.538.638.7
Close : 38.60 | Mar 13, 15:20
More


Financial Ratios
Current
Market Cap (M Riyal) 123.90
Enterprise Value (EV) (M) 110.95
Shares Outstanding ((M)) 2.10
Book Value (BV) ( Riyal) 25.09
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 14.24
Price/book 2.35
more

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

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 0

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 © 2025, Argaam Investment, All Rights Reserved
Call Request

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