Fad International Co. reported a 13% fall in its H1 2024 net profit to SAR 15.1 million, from SAR 17.3 million a year earlier.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 110.31 | 105.10 | (4.7 %) |
| Gross Income | 71.00 | 67.37 | (5.1 %) |
| Operating Income | 19.94 | 17.08 | (14.3 %) |
| Net Income | 17.26 | 15.09 | (12.6 %) |
| Average Shares | 1.20 | 1.20 | - |
| EPS (Riyals) | 14.38 | 12.57 | (12.6 %) |
For the first six months of the year, retail and wholesale revenues fell year-on-year (YoY) by SAR 5.2 million and SAR 1.1 million, respectively. However, e-commerce revenues increased by SAR 1.1 million YoY for the same period.
Shareholders’ equity, no minority interest, grew to SAR 31.94 million as of June 30, 2024, compared to SAR 16.86 million in the year before.
|
Historical Data |
|||
|
Period |
Revenues (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/share) |
|
H1 2023 |
110.31 |
17.26 |
14.38 |
|
H2 2023 |
53.65 |
(17.00) |
(14.17) |
|
H1 2024 |
105.10 |
15.09 |
12.57 |
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