Fawaz Abdulaziz Alhokair Co. reported a net profit of SAR 79.7 million in the six months ended Sept. 30, 2022, a 16% increase compared to SAR 68.6 million in the year-ago period.
The profit increase was driven by lower selling, general and administrative expenses and financing costs.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 3,061.98 | 3,092.37 | 1.0 % |
| Gross Income | 564.94 | 421.40 | (25.4 %) |
| Operating Income | 201.71 | 128.92 | (36.1 %) |
| Net Income | 68.61 | 2.04 | (97.0 %) |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | 0.60 | 0.02 | (97.0 %) |
In Q2 2022/23, the net profit rose to SAR 22.1 million, from SAR 21.7 million in the year-before period.
Sequentially, the company’s net profit fell 61.6% from SAR 57.6 million in Q1 2022/23, on lower performance in the domestic market, which largely outweighed the sustained recovery in F&B and international retail.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 1,361.28 | 1,705.64 | 25.3 % |
| Gross Income | 232.34 | 240.07 | 3.3 % |
| Operating Income | 77.15 | 69.64 | (9.7 %) |
| Net Income | 21.73 | 42.82 | 97.1 % |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | 0.19 | 0.37 | 97.1 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 1,386.73 | 1,705.64 | 23.0 % |
| Gross Income | 181.32 | 240.07 | 32.4 % |
| Operating Income | 59.28 | 69.64 | 17.5 % |
| Net Income | (40.79) | 42.82 | 205.0 % |
| Average Shares | 114.77 | 114.77 | - |
| EPS (Riyals) | (0.36) | 0.37 | 205.0 % |
Shareholders’ equity, including minority interest, grew to SAR 595.5 million as of Sept. 30, 2022, from SAR 532.2 million in the year-earlier period.
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