Nofoth Food Products Co. reported a net profit of SAR 27.1 million in H1 2024, an increase of 23% from SAR 22.1 million in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 155.62 | 179.32 | 15.2 % |
| Gross Income | 91.47 | 110.54 | 20.8 % |
| Net Income | 22.05 | 27.14 | 23.1 % |
| Average Shares | 48.00 | 48.00 | - |
| EPS (Riyals) | 0.46 | 0.57 | 23.1 % |
Revenue climbed 15.23% year-on-year to SAR 179.3 million in H1 2024, due to higher sales driven by the growth in the number of customers and new products.
Gross profit for the period increased to SAR 110.6 million, from SAR 91.5 million in the year-earlier period, on the growth in sales volumes, along with enhanced operating efficiency and cost reduction.
Total shareholders’ equity (no minority interest) reached SAR 117.98 million by June 30, 2024, compared to SAR 85.66 million in the corresponding period of the year before.
|
Nofoth Interim Results |
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|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/ Share) |
|
H1 2021 |
80.91 |
12.39 |
0.26 |
|
H2 2021 |
115.71 |
14.46 |
0.30 |
|
H1 2022 |
135.72 |
15.37 |
0.32 |
|
H2 2022 |
133.1 |
16.12 |
0.33 |
|
H1 2023 |
155.62 |
22.05 |
0.46 |
|
H2 2023 |
152.57 |
20.62 |
0.43 |
|
H1 2024 |
179.32 |
27.13 |
0.57 |
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