Abdulaziz and Mansour Ibrahim Albabtin Co. (AlBabtain Food) reported a net profit fall of 47% to SAR 3 million in the first half of 2023, compared to SAR 5.7 million in H1 2022.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 62.69 | 65.16 | 3.9 % |
| Gross Income | 18.18 | 17.19 | (5.4 %) |
| Operating Income | 4.33 | 3.16 | (27.1 %) |
| Net Income | 5.66 | 3.04 | (46.3 %) |
| Average Shares | 3.40 | 3.40 | - |
| EPS (Riyals) | 1.67 | 0.89 | (46.3 %) |
The company cited an increase in the cost of goods sold to 73.7% in H1 2023, from 70.1% in the prior-year period on the higher costs of raw materials amid global inflation.
Increased general and administrative expenses as well as finance costs , along with a decline in other income amid fluctuations in foreign exchange rates also weighed on the six-month results.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 33.83 | 36.31 | 7.3 % |
| Gross Income | 9.61 | 9.72 | 1.1 % |
| Operating Income | 2.66 | 2.15 | (19.4 %) |
| Net Income | 2.70 | 2.26 | (16.4 %) |
| Average Shares | 3.40 | 3.40 | - |
| EPS (Riyals) | 0.79 | 0.66 | (16.4 %) |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 28.85 | 36.31 | 25.9 % |
| Gross Income | 7.48 | 9.72 | 30.0 % |
| Operating Income | 1.01 | 2.15 | 113.0 % |
| Net Income | 0.78 | 2.26 | 188.6 % |
| Average Shares | 3.40 | 3.40 | - |
| EPS (Riyals) | 0.23 | 0.66 | 188.6 % |
Shareholders’ equity, no minority interest, increased to SAR 60.9 million as of June 30, 2023, from SAR 50.4 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H2 2020 |
71.10 |
9.06 |
2.66 |
|
H1 2021 |
55.10 |
5.78 |
1.70 |
|
H2 2021 |
72.64 |
10.09 |
2.97 |
|
H1 2022 |
62.69 |
5.66 |
1.67 |
|
H2 2022 |
64.20 |
8.73 |
2.57 |
|
H1 2023 |
65.20 |
3.00 |
0.89 |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}