Fesh Fash net profit rises 10% to SAR 1.5 mln in 2022

30/03/2023 Argaam Exclusive

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Fesh Fash Snack Food Production Co. posted a net profit of SAR 1.5 million in 2022, a 10% increase from SAR 1.4 million a year earlier.

Financials (M)

Item	2021	2022	Change‬
Revenues	29.82	31.46	5.5 %
Gross Income	8.77	8.12	(7.4 %)
Operating Income	1.57	1.76	12.1 %
Net Income	1.40	1.54	9.7 %
Average Shares	11.30	11.30	-
EPS (Riyals)	0.12	0.14	9.7 %

The positive performance was driven by lower general, administrative, sales, and marketing expenses along with operating costs. In addition, the company recorded higher selling prices for some products.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	15.69	15.74	0.4 %
Gross Income	3.78	3.42	(9.5 %)
Operating Income	(0.61)	(0.57)	6.9 %
Net Income	(0.65)	(0.72)	(10.9 %)
Average Shares	11.30	11.30	-
EPS (Riyals)	(0.06)	(0.06)	(10.9 %)

Item	H1 2022	H2 2022	Change‬
Revenues	15.71	15.74	0.2 %
Gross Income	4.71	3.42	(27.4 %)
Operating Income	2.32	(0.57)	(124.4 %)
Net Income	2.26	(0.72)	(131.9 %)
Average Shares	11.30	11.30	-
EPS (Riyals)	0.20	(0.06)	(131.9 %)

Shareholders’ equity, no minority interest, stood at SAR 14.31 million as of Dec. 31, 2022, compared to SAR 14.01 million a year earlier.

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