Development Works Food turns to profit after minorities of SAR 2 mln; Q4 loss at SAR 1.4 mln

29/03/2022 Argaam Exclusive

Development Works Food Co. turned to a net profit after minorities of SAR 2 million in 2021, compared to a net loss after minorities of SAR 8.3 million in 2020.



Financials (M)

Item 2020 2021 Change‬
Revenues 94.50 100.86 6.7 %
Gross Income 2.62 9.49 261.9 %
Operating Income (5.35) (0.23) 95.7 %
Net Income (8.40) 2.35 128.0 %
Average Shares 3.00 3.00 -
EPS (Riyals) (2.80) 0.78 128.0 %

The profits were driven by the firm’s exit from unprofitable businesses and an increased focus on activities that generate revenue and drive sales.

 

The company’s Q4 2021 net loss narrowed to SAR 1.40 million from SAR 2.99 million in the year-earlier period.

 

Sequentially, Development Works Food turned to losses from a net profit of SAR 770,000 in Q3 2021.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 16.15 23.28 44.2 %
Gross Income 1.62 (2.62) (261.9 %)
Operating Income (0.74) (2.21) (198.8 %)
Net Income (3.05) (1.09) 64.3 %
Average Shares 3.00 3.00 -
EPS (Riyals) (1.02) (0.36) 64.3 %

Total shareholders’ equity, excluding minority interest, rose 6.7% year-on-year to SAR 32.6 million.

View more financial results

 

View other reports

Share Price

Development Works Food Co.
134.40
(0.20) (0.15 %)

Development Works Food Co. (DWF)

More


Financial Ratios
Current
Market Cap (M Riyal) 403.20
Enterprise Value (EV) (M) 409.40
Shares Outstanding ((M)) 3.00
EPS ( Riyal) (TTM) 0.10
Book Value (BV) ( Riyal) 9.06
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 14.83
Return on Average Assets (%) (TTM) 0.4
Return on Average Equity (%) (TTM) 1.1
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