Financial Results : Fesh Fash’s H1 2021 net profit falls 16% to SAR 2 mln

Fesh Fash’s H1 2021 net profit falls 16% to SAR 2 mln

12/09/2021 Argaam Exclusive

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Fesh Fash Snack Food Production Co. posted a net profit after Zakat and tax of SAR 2 million for the first half of 2021, a decrease of 16% from SAR 2.5 million in the same period last year.

 

The decline was attributed to higher sales in H1 2020, ahead of the rise in the value-added tax (VAT) to 15%.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 16.55 14.13 (14.6 %)
Gross Income 4.48 5.00 11.6 %
Operating Income 2.43 2.18 (10.4 %)
Net Income 2.45 2.05 (16.2 %)
Average Shares 11.30 11.30 -
EPS (Riyals) 0.22 0.18 (16.2 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2020 H1 2021 Change‬
Revenues 16.55 14.13 (14.6 %)
Gross Income 4.48 5.00 11.6 %
Operating Income 2.43 2.18 (10.4 %)
Net Income 2.45 2.05 (16.2 %)
Average Shares 11.30 11.30 -
EPS (Riyals) 0.22 0.18 (16.2 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 16.55 - 4.48 - 2.43 -
H2 2020 15.04 - 4.17 - 1.56 -
H1 2021 14.13 (14.6 %) 5.00 11.6 % 2.18 (10.4 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 2.45 - 0.22 - 2.45 0.22
H2 2020 1.49 - 0.13 - 1.49 0.13
H1 2021 2.05 (16.2 %) 0.18 - 2.05 0.18

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 27.35 % 17.34 % 12.45 %
H1 2021 31.40 % 18.67 % 12.12 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2012 - - - -
H2 2012 - - - -
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 11.30 - - -
H2 2020 11.30 0.35 0.35 1.42
H1 2021 11.30 0.31 0.31 1.30

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 87.87 87.87 21.19

Current
Market Cap (M Riyal) 188.48
Enterprise Value (EV) (M) 189.95
Shares Outstanding ((M)) 11.30
Book Value (BV) ( Riyal) 1.32
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) More than 100
Price/book 12.60

Share Price

Fesh Fash Snack Food Production Co. (FESH FASH)


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