Balady Poultry Trading Co. reported a net profit of SAR 71.9 million in H1 2024, a 79% increase from SAR 40.3 million a year earlier.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 344.56 | 449.63 | 30.5 % |
| Gross Income | 48.56 | 82.20 | 69.3 % |
| Operating Income | 36.85 | 68.33 | 85.4 % |
| Net Income | 40.27 | 71.94 | 78.6 % |
| Average Shares | 6.57 | 6.57 | - |
| EPS (Riyals) | 6.13 | 10.95 | 78.6 % |
The company’s sales and revenues rose in H1 2024 by 30.49% to about SAR 449.6 from SAR 344.5 million in H1 2023.
The average daily production during H1 2024 reached 194,000 birds per day from 152,000 daily birds in H1 2023.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 167.39 | 217.68 | 30.0 % |
| Gross Income | 20.19 | 37.18 | 84.2 % |
| Operating Income | 14.05 | 29.87 | 112.6 % |
| Net Income | 15.94 | 31.33 | 96.5 % |
| Average Shares | 6.57 | 6.57 | - |
| EPS (Riyals) | 2.43 | 4.77 | 96.5 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 231.96 | 217.68 | (6.2 %) |
| Gross Income | 45.02 | 37.18 | (17.4 %) |
| Operating Income | 38.45 | 29.87 | (22.3 %) |
| Net Income | 40.61 | 31.33 | (22.8 %) |
| Average Shares | 6.57 | 6.57 | - |
| EPS (Riyals) | 6.18 | 4.77 | (22.8 %) |
In Q2 2024, the company’s net profit grew 96.5% to SAR 31.33 million from SAR 15.94 million in the prior year-period.
Sequentially, the Saudi-listed firm’s profit fell by 22.9% from SAR 40.6 million.
Shareholders' equity, no minority interest, amounted to SAR 275.6 million at the end of H1 2024, compared to SAR 170.9 million at the end of H1 2023.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
162.83 |
9.23 |
1.40 |
|
H2 2021 |
194.67 |
11.31 |
1.73 |
|
H1 2022 |
278.61 |
36.25 |
5.52 |
|
H2 2022 |
362.67 |
48.85 |
7.43 |
|
H1 2023 |
344.56 |
40.27 |
6.13 |
|
H2 2023 |
413.16 |
60.64 |
9.23 |
|
H1 2024 |
449.63 |
71.93 |
10.95 |
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