Alamar Foods 2022 profit falls to SAR 115.6 mln; Q4 at SAR 29.5 mln

26/03/2023 Argaam Exclusive

Alamar Foods Co. reported a net profit of SAR 115.6 million in 2022, compared to SAR 118.6 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 868.14 1,075.89 23.9 %
Gross Income 307.10 362.35 18.0 %
Operating Income 126.52 135.64 7.2 %
Net Income 118.59 115.56 (2.6 %)
Average Shares 25.50 25.50 -
EPS (Riyals) 4.65 4.53 (2.6 %)

The profit drop was attributed to increased costs of SAR 16.0 million related to the Employees Long Term Incentive Program (LTIP), which Alamar Foods rolled out in 2022, paired with those related to its initial public offering (IPO) on the Saudi Exchange (Tadawul) in the same year.

 

The company also cited a 23.9% year-on-year (YoY) jump in sales to SAR 1.07 billion in 2022, driven by the growth in sales of similar branches, in addition to the opening of 68 wholly owned others during the year.

 

Q4 2022 net earnings reached SAR 29.54 million, compared to SAR 31.19 million in the prior-year period.

 

On a quarterly basis, net profit increased by 57.2% from SAR 18.79 million in Q3 2022.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 245.69 273.14 11.2 %
Gross Income 89.30 90.74 1.6 %
Operating Income 34.67 32.05 (7.6 %)
Net Income 31.19 29.54 (5.3 %)
Average Shares 25.50 25.50 -
EPS (Riyals) 1.22 1.16 (5.3 %)

Total shareholders’ equity, after minority interest, stood at SAR 333.76 million as of Dec. 31, 2022, compared to SAR 340.36 million in the year-earlier period.

 

View More Financial Results

 

View other reports

Share Price

Alamar Foods Co.
75.30
(0.60) (0.79 %)

Alamar Foods Co. (ALAMAR)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,920.15
Enterprise Value (EV) (M) 1,797.75
Shares Outstanding ((M)) 25.50
EPS ( Riyal) (TTM) 0.86
Book Value (BV) ( Riyal) 11.48
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 6.56
Return on Average Assets (%) (TTM) 3.1
Return on Average Equity (%) (TTM) 7.0
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