SADAFCO net profit falls 35% to SAR 92.2 mln in H1 2021/22

21/10/2021 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.
0

Saudia Dairy & Foodstuff Co. (SADAFCO) reported a net profit attributable to shareholders of SAR 92.2 million for the six-month period ended Sept. 30, 2021, a decline of 35% from a net profit of SAR 140.7 million in the year-earlier period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 1,101.39 1,022.48 (7.2 %)
Gross Income 360.22 312.02 (13.4 %)
Operating Income 148.28 101.47 (31.6 %)
Net Income 140.71 92.21 (34.5 %)
Average Shares 32.50 32.50 -
Earnings Per Share before unusual items (Riyals) 4.33 2.84 (34.5 %)
EPS (Riyals) 4.33 2.84 (34.5 %)

The profit decline was attributed to lower sales value driven by COVID-related tailwind last year (especially in Q1), higher raw materials prices and revised value-added tax (VAT) since Q2 last year.

 

In addition, sales and distribution expenses increased to 15%, from 14% last year, due a rise in routes and distribution focus.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 535.40 530.08 (1.0 %)
Gross Income 176.92 161.54 (8.7 %)
Operating Income 72.52 57.69 (20.5 %)
Net Income 70.31 54.06 (23.1 %)
Average Shares 32.50 32.50 -
Earnings Per Share before unusual items (Riyals) 2.16 1.66 (23.1 %)
EPS (Riyals) 2.16 1.66 (23.1 %)

In Q2 2021/22, the net profit fell 23% to SAR 54.1 million.

 

On a sequential basis, Q2 net profit rose 41.7% from SAR 38.15 million.

 

Shareholders’ equity, after minority interest, increased to SAR 1.532 billion from SAR 1.517 billion a year earlier.

 

View more financial results

 

View other reports

Share Price

Saudia Dairy and Foodstuff Co.
307.00
(6.00) (1.92 %)

Saudia Dairy and Foodstuff Co. (SADAFCO)

More


Financial Ratios
Current
Market Cap (M Riyal) 9,977.50
Enterprise Value (EV) (M) 9,286.95
Shares Outstanding ((M)) 32.50
EPS ( Riyal) (TTM) 14.88
Book Value (BV) ( Riyal) 55.61
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.97
P/E (TTM) 20.63
Price/book 5.52
Return on Average Assets (%) (TTM) 17.8
Return on Average Equity (%) (TTM) 21.0
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