Financial Results : Fesh Fash’s net profit rises 10% to SAR 2.3 mln in H1 2022

Fesh Fash’s net profit rises 10% to SAR 2.3 mln in H1 2022

06/09/2022 Argaam Exclusive

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Fesh Fash Snack Food Production Co. reported a net profit after Zakat and tax of SAR 2.3 million in H1 2022, an increase of 10%, from SAR 2.1 million in a year-earlier period.

This earnings growth was fueled by a 19.15% drop year-on-year (YoY) in general and administrative expenses (G&As), 10.91% lower YoY sales and marketing expenses, a 6.27% YoY slump in operating costs and higher selling prices.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 14.13 15.71 11.2 %
Gross Income 5.00 4.71 (5.8 %)
Operating Income 2.18 2.32 6.8 %
Net Income 2.05 2.26 10.1 %
Average Shares 11.30 11.30 -
Earnings Per Share before unusual items (Riyal) 0.18 0.20 10.1 %
EPS (Riyal) 0.18 0.20 10.1 %

Total shareholders’ equity, excluding minority interest, stood at SAR 15.136 million by the end of H1 2022, compared to SAR 14.664 million in a year-earlier period.

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