Balady Poultry profit surges to SAR 85.1 mln in 2022

27/03/2023 Argaam Exclusive

View other reports

Balady Poultry Trading Co. reported a net profit of SAR 85.1 million in 2022, compared to SAR 20.5 million a year earlier.

Financials (M)

Item	2021	2022	Change‬
Revenues	357.50	641.28	79.4 %
Gross Income	27.94	96.45	245.2 %
Operating Income	15.96	76.20	377.4 %
Net Income	20.54	85.10	314.3 %
Average Shares	6.57	6.57	-
EPS (Riyals)	3.13	12.95	314.3 %

The higher profit was driven by an increase of 79.87% year-on-year (YoY) in sales and revenue to SAR 653 million in 2022 on higher production.

The company achieved an average daily production of 133,000 birds per day in 2022, compared to about 87,000 birds per day in 2021.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	194.67	362.68	86.3 %
Gross Income	15.28	52.71	244.9 %
Operating Income	10.03	42.17	320.3 %
Net Income	11.32	48.85	331.7 %
Average Shares	6.57	6.57	-
EPS (Riyals)	1.72	7.44	331.7 %

Item	H1 2022	H2 2022	Change‬
Revenues	278.61	362.68	30.2 %
Gross Income	43.73	52.71	20.5 %
Operating Income	34.02	42.17	24.0 %
Net Income	36.25	48.85	34.7 %
Average Shares	6.57	6.57	-
EPS (Riyals)	5.52	7.44	34.7 %

Shareholders’ equity, no minority interest, stood at SAR 137.18 million as of Dec. 31, 2022, compared to SAR 70.90 million in the year-earlier period.

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.

×