Arabian Food and Dairy Factories Co. (FADECO) reported a net profit of SAR 3 million in the first half of 2024, up 45% compared to SAR 2.1 million in the prior-year period.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 30.02 | 29.41 | (2.0 %) |
Gross Income | 13.51 | 14.73 | 9.0 % |
Operating Income | 2.14 | 3.17 | 48.1 % |
Net Income | 2.09 | 3.02 | 44.6 % |
Average Shares | 1.41 | 1.41 | - |
EPS (Riyals) | 1.48 | 2.14 | 44.6 % |
The positive performance was driven by lower raw material prices, along with higher product prices.
Shareholders’ equity, no minority interest, stood at SAR 34.71 million as of June 30, 2024, compared to SAR 29.40 million a year earlier.
Historical Data |
|||
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/share) |
H1 2020 |
24.42 |
3.75 |
2.66 |
H2 2020 |
29.03 |
5.63 |
3.99 |
H1 2021 |
24.80 |
3.48 |
2.47 |
H2 2021 |
27.44 |
2.54 |
1.80 |
H1 2022 |
27.13 |
(0.20) |
(0.14) |
H2 2022 |
30.91 |
3.97 |
2.82 |
H1 2023 |
30.02 |
2.09 |
1.48 |
H2 2023 |
32.17 |
3.91 |
2.77 |
H1 2024 |
29.41 |
3.02 |
2.14 |
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