Fawaz Alhokair net profit up 16% to SAR 79.7 mln in H1 2022/23, Q2 at SAR 22.1 mln

02/11/2022 Argaam Exclusive

View other reports

Fawaz Abdulaziz Alhokair Co. reported a net profit of SAR 79.7 million in the six months ended Sept. 30, 2022, a 16% increase compared to SAR 68.6 million in the year-ago period.

The profit increase was driven by lower selling, general and administrative expenses and financing costs.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	3,061.98	3,092.37	1.0 %
Gross Income	564.94	421.40	(25.4 %)
Operating Income	201.71	128.92	(36.1 %)
Net Income	68.61	2.04	(97.0 %)
Average Shares	114.77	114.77	-
EPS (Riyals)	0.60	0.02	(97.0 %)

In Q2 2022/23, the net profit rose to SAR 22.1 million, from SAR 21.7 million in the year-before period.

Sequentially, the company’s net profit fell 61.6% from SAR 57.6 million in Q1 2022/23, on lower performance in the domestic market, which largely outweighed the sustained recovery in F&B and international retail.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	1,361.28	1,705.64	25.3 %
Gross Income	232.34	240.07	3.3 %
Operating Income	77.15	69.64	(9.7 %)
Net Income	21.73	42.82	97.1 %
Average Shares	114.77	114.77	-
EPS (Riyals)	0.19	0.37	97.1 %

Item	Q1 2022	Q2 2022	Change‬
Revenues	1,386.73	1,705.64	23.0 %
Gross Income	181.32	240.07	32.4 %
Operating Income	59.28	69.64	17.5 %
Net Income	(40.79)	42.82	205.0 %
Average Shares	114.77	114.77	-
EPS (Riyals)	(0.36)	0.37	205.0 %

Shareholders’ equity, including minority interest, grew to SAR 595.5 million as of Sept. 30, 2022, from SAR 532.2 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.

×