Fesh Fash profit jumps 65% to SAR 2.5M in 2023

30/03/2024 Argaam Exclusive

View other reports

Fesh Fash Snack Food Production Co. reported a net profit increase of 65% to SAR 2.5 million in 2023 from SAR 1.5 million in the prior-year period.

Financials (M)

Item	2022	2023	Change‬
Revenues	31.46	33.98	8.0 %
Gross Income	8.12	10.03	23.4 %
Operating Income	1.76	2.82	60.7 %
Net Income	1.54	2.54	65.5 %
Average Shares	11.30	11.30	-
EPS (Riyals)	0.14	0.23	65.5 %

The annual profit leap was driven by an 8% year-on-year (YoY) rise in sales due to opening new channels. This is in addition to a 23% YoY hike in comprehensive income.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2022	H2 2023	Change‬
Revenues	15.74	16.63	5.6 %
Gross Income	3.42	5.19	52.0 %
Operating Income	(0.57)	1.34	336.1 %
Net Income	(0.72)	1.17	262.1 %
Average Shares	11.30	11.30	-
EPS (Riyals)	(0.06)	0.10	262.1 %

Item	H1 2023	H2 2023	Change‬
Revenues	17.35	16.63	(4.2 %)
Gross Income	4.83	5.19	7.4 %
Operating Income	1.48	1.34	(9.6 %)
Net Income	1.38	1.17	(15.4 %)
Average Shares	11.30	11.30	-
EPS (Riyals)	0.12	0.10	(15.4 %)

Total shareholders’ equity, no minority interest, grew to SAR 14.95 million as of Dec. 31, 2023, from SAR 14.31 million a year earlier.

Historical Data
Period	Revenue (SAR mln)	Net Profit (SAR mln)	EPS (SAR)
H1 2020	16.55	2.45	0.22
H2 2020	15.05	1.48	0.13
H1 2021	14.13	2.05	0.18
H2 2021	15.69	(0.65)	(0.06)
H1 2022	15.71	2.26	0.2
H2 2022	15.75	(0.72)	(0.06)
H1 2023	17.35	1.38	0.12
H2 2023	16.63	1.16	0.10

View more financial results

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.

×