Fesh Fash Snack Food Production Co. posted a net profit of SAR 1.5 million in 2022, a 10% increase from SAR 1.4 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 29.82 | 31.46 | 5.5 % |
| Gross Income | 8.77 | 8.12 | (7.4 %) |
| Operating Income | 1.57 | 1.76 | 12.1 % |
| Net Income | 1.40 | 1.54 | 9.7 % |
| Average Shares | 11.30 | 11.30 | - |
| EPS (Riyals) | 0.12 | 0.14 | 9.7 % |
The positive performance was driven by lower general, administrative, sales, and marketing expenses along with operating costs. In addition, the company recorded higher selling prices for some products.
Shareholders’ equity, no minority interest, stood at SAR 14.31 million as of Dec. 31, 2022, compared to SAR 14.01 million a year earlier.
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