Tanmiah Food Co. posted an over twofold increase in 9M 2022 net profit after Zakat and tax to SAR 63.5 million, compared to SAR 25.9 million a year earlier.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 1,124.79 | 1,248.26 | 11.0 % |
| Gross Income | 252.64 | 300.97 | 19.1 % |
| Operating Income | 46.98 | 61.00 | 29.8 % |
| Net Income | 25.92 | 63.48 | 144.9 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 1.30 | 3.17 | 144.9 % |
The strong performance was driven by a 35.6% rise year-on-year (YoY) in revenue to SAR 1.525 billion.
In Q3 2022, net profit after Zakat and tax skyrocketed to SAR 31.7 million, from SAR 3.71 million in Q3 2021.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 389.94 | 471.54 | 20.9 % |
| Gross Income | 85.14 | 121.31 | 42.5 % |
| Operating Income | 11.27 | 35.15 | 212.0 % |
| Net Income | 3.71 | 31.74 | 754.8 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.19 | 1.59 | 754.8 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 436.10 | 471.54 | 8.1 % |
| Gross Income | 109.24 | 121.31 | 11.0 % |
| Operating Income | 28.13 | 35.15 | 24.9 % |
| Net Income | 30.20 | 31.74 | 5.1 % |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 1.51 | 1.59 | 5.1 % |
Compared to Q2 2022, Tanmiah’s net profit grew 5.1% from SAR 30.20 million.
Shareholders’ equity, no minority interest, rose to SAR 409.59 million as of Sept. 30, 2022, from SAR 373.65 million a year earlier.
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