Nofoth H1 2023 profit jumps 43% to SAR 22.1 mln

14/08/2023 Argaam Exclusive

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Nofoth Food Products Co.
20.50
0.00 0.00 %

Nofoth Food Products Co. (NOFOTH)

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Nofoth Food Products Co. reported a 43.5% increase in H1 2023 net profit to SAR 22.1 million from SAR 15.4 million a year earlier.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 135.72 155.62 14.7 %
Gross Income 72.28 91.47 26.5 %
Operating Income 15.40 23.01 49.4 %
Net Income 15.37 22.05 43.5 %
Average Shares 48.00 48.00 -
EPS (Riyals) 0.32 0.46 43.5 %


The company’s revenues increased to SAR 155.62 million from SAR 135.72 million in H1 2022.

 

Shareholders’ equity, no minority interest, reached SAR 85.66 million as of June 30, 2023, up from SAR 52.86 million in the prior-year period.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

80.91

12.39

0.52

H2 2021

115.71

14.46

0.60

H1 2022

135.72

15.37

0.64

H2 2022

133.10

16.12

0.67

H1 2023

155.62

22.05

0.92

 

View More Financial Results

 

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