Logo of Balady Poultry Trading Co.
Balady Poultry Trading Co. reported a net profit of SAR 100 million in the first nine months of 2024, a 56% increase from SAR 64.2 million a year earlier.
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Financial Results Summary |
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Period |
9M 2024 |
9M 2023 |
Change (%) |
|
Revenue (SAR mln) |
667.36 |
530.03 |
+25.9% |
|
Net Profit (SAR mln) |
99.98 |
64.20 |
+55.7% |
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Average Number of Shares (mln) |
6.57 |
6.57 |
- |
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EPS (SAR/ share) |
15.21 |
9.77 |
+55.7% |
The positive performance was driven by higher sales revenue, which increased by 25.91% year-on-year (YoY) to SAR 667.3 million in 9M 2024 on higher average daily production.
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Quarterly Results |
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Period |
Q3 2024 |
Q3 2023 |
Change (%) |
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Revenue (SAR mln) |
217.32 |
185.47 |
+17.4% |
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Net Profit (SAR mln) |
28.05 |
23.93 |
+17.2% |
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Average Number of Shares (mln) |
6.57 |
6.57 |
- |
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EPS (SAR/ share) |
4.27 |
3.64 |
+17.2% |
In Q3 2024, the company’s net profit grew 17% YoY to SAR 28 million, on higher sales as average daily production rose.
Shareholders' equity amounted to SAR 290.49 million at the end of September 2024, compared to SAR 181.68 million at the end of September 2023.
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