Financial Results : Fesh Fash profit drops 39% to SAR 1.4 mln in H1 2023

Fesh Fash profit drops 39% to SAR 1.4 mln in H1 2023

27/08/2023 Argaam Exclusive

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Fesh Fash Snack Food Production Co. reported a net profit fall of 39% to SAR 1.4 million in the first half of 2023 from SAR 2.3 million in the prior-year period.

The half-year results were hurt by a 68% increase year-on-year (YoY) in general and administrative expenses. Fesh Fash also recorded an 8% rise YoY in operating costs as raw material prices and operating expenses jumped 12% each, compared to H1 2022.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 15.71 17.35 10.4 %
Gross Income 4.71 4.83 2.7 %
Operating Income 2.32 1.48 (36.2 %)
Net Income 2.26 1.38 (39.0 %)
Average Shares 11.30 11.30 -
Earnings Per Share before unusual items (Riyals) 0.20 0.12 (39.0 %)
EPS (Riyals) 0.20 0.12 (39.0 %)

Shareholders’ equity, no minority interest, declined to SAR 14 million as of June 30, 2023, from SAR 15.13 million a year earlier.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2020

16.55

2.45

2.17

H2 2020

15.05

1.48

1.31

H1 2021

14.13

2.05

1.81

H1 2022

15.69

(0.65)

(0.58)

H1 2021

15.71

2.26

0.2

H2 2022

15.74

(0.72)

(0.64)

H1 2023

17.35

1.38

0.12

View more financial results

 

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