Fesh Fash profit up 50% to SAR 2.1M in H1 2024

01/08/2024 Argaam Exclusive

View other reports

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.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	17.35	18.98	9.4 %
Gross Income	4.83	6.22	28.6 %
Operating Income	1.48	2.19	47.8 %
Net Income	1.38	2.07	49.9 %
Average Shares	11.30	11.30	-
EPS (Riyals)	0.12	0.18	49.9 %

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

Current Half Annual Comparison (M)

Compared With The

Item	H1 2023	H1 2024	Change‬
Revenues	17.35	18.98	9.4 %
Gross Income	4.83	6.22	28.6 %
Operating Income	1.48	2.19	47.8 %
Net Income	1.38	2.07	49.9 %
Average Shares	11.30	11.30	-
EPS (Riyals)	0.12	0.18	49.9 %

Item	H2 2023	H1 2024	Change‬
Revenues	16.63	18.98	14.1 %
Gross Income	5.19	6.22	19.7 %
Operating Income	1.34	2.19	63.5 %
Net Income	1.17	2.07	77.2 %
Average Shares	11.30	11.30	-
EPS (Riyals)	0.10	0.18	77.2 %

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.

×