Herfy posts 4% profit decline in FY19

26/01/2020 Argaam Exclusive

View other reports

Herfy Food Services Co. reported a net profit after zakat and tax of SAR 196 million for the fiscal year 2019, a decline of 3.9% year-on-year (YoY), due to higher selling and marketing expenses.

An increase in general and administration expenses and financing costs due to the implementation of IFRS 16 also weighed on the annual figures.

Financials (M)

Item	2018	2019	Change‬
Revenues	1,227.27	1,288.31	5.0 %
Gross Income	345.07	392.64	13.8 %
Operating Income	208.89	221.59	6.1 %
Net Income	204.17	196.09	(4.0 %)
Average Shares	64.68	64.68	-
EPS (Riyals)	3.16	3.03	(4.0 %)

The fourth quarter net profit dropped 10% YoY to SAR 47.4 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	325.20	326.52	0.4 %
Gross Income	90.67	100.06	10.4 %
Operating Income	53.49	56.43	5.5 %
Net Income	52.43	49.64	(5.3 %)
Average Shares	64.68	64.68	-
EPS (Riyals)	0.81	0.77	(5.3 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	339.08	326.52	(3.7 %)
Gross Income	110.95	100.06	(9.8 %)
Operating Income	67.61	56.43	(16.5 %)
Net Income	57.54	49.64	(13.7 %)
Average Shares	64.68	64.68	-
EPS (Riyals)	0.89	0.77	(13.7 %)

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

×