Fesh Fash’s H1 2021 net profit falls 16% to SAR 2 mln

12/09/2021 Argaam Exclusive

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Fesh Fash Snack Food Production Co. posted a net profit after Zakat and tax of SAR 2 million for the first half of 2021, a decrease of 16% from SAR 2.5 million in the same period last year.

The decline was attributed to higher sales in H1 2020, ahead of the rise in the value-added tax (VAT) to 15%.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	16.55	14.13	(14.6 %)
Gross Income	4.48	5.00	11.6 %
Operating Income	2.43	2.18	(10.4 %)
Net Income	2.45	2.05	(16.2 %)
Average Shares	11.30	11.30	-
EPS (Riyals)	0.22	0.18	(16.2 %)

Current Half Annual Comparison (M)

Compared With The

Item	H1 2020	H1 2021	Change‬
Revenues	16.55	14.13	(14.6 %)
Gross Income	4.48	5.00	11.6 %
Operating Income	2.43	2.18	(10.4 %)
Net Income	2.45	2.05	(16.2 %)
Average Shares	11.30	11.30	-
EPS (Riyals)	0.22	0.18	(16.2 %)

Item	H2 2020	H1 2021	Change‬
Revenues	15.04	14.13	(6.0 %)
Gross Income	4.17	5.00	20.0 %
Operating Income	1.56	2.18	39.6 %
Net Income	1.49	2.05	37.9 %
Average Shares	11.30	11.30	-
EPS (Riyals)	0.13	0.18	37.9 %

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