Fesh Fash Snack Food Production Co. reported a net profit increase of 50% to SAR 2.1 million in the first half of 2024, from SAR 1.4 million in the prior-year period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 17.35 | 18.98 | 9.4 % |
| Net Income | 1.38 | 2.07 | 50.0 % |
| Average Shares | 11.30 | 11.30 | - |
| EPS (Riyals) | 0.12 | 0.18 | 50.0 % |
The six-month profit was driven by a 9.37% year-on-year (YoY) increase in revenue.
On the other hand, general and administrative expenses rose by 37% YoY due to amendments to settlement entries.
Moreover, potato purchasing prices dropped 57% YoY in the same period.
Total shareholders’ equity, no minority interest, rose to SAR 14.99 million as of June 30, 2024, from SAR 13.99 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 |
|
H1 2024 |
18.98 |
2.07 |
0.18 |
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