Balady Poultry profit up 67% to SAR 40.6M in Q1 2024

09/05/2024 Argaam Exclusive

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Balady Poultry Trading Co. reported a net profit of SAR 40.6 million in Q1 2024, compared to SAR 24.3 million a year earlier on higher sales and lower expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 177.17 231.96 30.9 %
Gross Income 28.37 45.02 58.7 %
Operating Income 22.80 38.45 68.7 %
Net Income 24.33 40.61 66.9 %
Average Shares 6.57 6.57 -
EPS (Riyals) 3.70 6.18 66.9 %

Compared with the previous quarter, Q1 2024 net earnings rose 10.6% from SAR 36.7 million.

 

Shareholders’ equity, no minority interest, stood at SAR 244.25 million as of March 31, 2024, compared to SAR 154.93 million in the year-earlier period.

 

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