Fesh Fash Snack Food Production Co. reported a net profit increase of 65% to SAR 2.5 million in 2023 from SAR 1.5 million in the prior-year period.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 31.46 | 33.98 | 8.0 % |
| Gross Income | 8.12 | 10.03 | 23.4 % |
| Operating Income | 1.76 | 2.82 | 60.7 % |
| Net Income | 1.54 | 2.54 | 65.5 % |
| Average Shares | 11.30 | 11.30 | - |
| EPS (Riyals) | 0.14 | 0.23 | 65.5 % |
The annual profit leap was driven by an 8% year-on-year (YoY) rise in sales due to opening new channels. This is in addition to a 23% YoY hike in comprehensive income.
Total shareholders’ equity, no minority interest, grew to SAR 14.95 million as of Dec. 31, 2023, from SAR 14.31 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2020 |
16.55 |
2.45 |
0.22 |
|
H2 2020 |
15.05 |
1.48 |
0.13 |
|
H1 2021 |
14.13 |
2.05 |
0.18 |
|
H2 2021 |
15.69 |
(0.65) |
(0.06) |
|
H1 2022 |
15.71 |
2.26 |
0.2 |
|
H2 2022 |
15.75 |
(0.72) |
(0.06) |
|
H1 2023 |
17.35 |
1.38 |
0.12 |
|
H2 2023 |
16.63 |
1.16 |
0.10 |
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